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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
-15.09%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$14.6B
AUM Growth
-$2.69B
Cap. Flow
+$69.6M
Cap. Flow %
0.48%
Top 10 Hldgs %
34.2%
Holding
989
New
41
Increased
604
Reduced
232
Closed
19

Top Buys

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$244M
2
TDOC icon
Teladoc Health
TDOC
+$157M
3
WBD icon
Warner Bros
WBD
+$106M
4
NFLX icon
Netflix
NFLX
+$47.6M
5
OMF icon
OneMain Financial
OMF
+$40.2M

Top Sells

Rank Stock Value
1
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$299M
2
BMY icon
Bristol-Myers Squibb
BMY
+$244M
3
T icon
AT&T
T
+$224M
4
META icon
Meta Platforms (Facebook)
META
+$118M
5
FTAI icon
FTAI Aviation
FTAI
+$97.3M

Sector Composition

Rank Sector Weight
1 Technology 20.78%
2 Healthcare 11.81%
3 Communication Services 11.4%
4 Financials 11.21%
5 Consumer Discretionary 7.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HPQ icon
201
HP
HPQ
$27.5B
$11.9M 0.08%
361,662
-8,000
-2% -$294K
NXPI icon
202
NXP Semiconductors
NXPI
$60.4B
$11.8M 0.08%
79,568
+2,100
+3% +$365K
CDNS icon
203
Cadence Design Systems
CDNS
$93.4B
$11.7M 0.08%
78,223
+3,300
+4% +$498K
ODFL icon
204
Old Dominion Freight Line
ODFL
$44.9B
$11.7M 0.08%
91,588
+6,200
+7% +$812K
VLO icon
205
Valero Energy
VLO
$85.9B
$11.7M 0.08%
109,962
+6,800
+7% +$805K
SYY icon
206
Sysco
SYY
$40.3B
$11.6M 0.08%
137,517
+9,500
+7% +$796K
O icon
207
Realty Income
O
$59.1B
$11.6M 0.08%
170,404
+18,000
+12% +$1.24M
AZO icon
208
AutoZone
AZO
$51.1B
$11.6M 0.08%
5,406
+200
+4% +$411K
FCX icon
209
Freeport-McMoran
FCX
$97.5B
$11.4M 0.08%
391,033
+20,600
+6% +$825K
ROP icon
210
Roper Technologies
ROP
$39.8B
$11.3M 0.08%
28,511
+1,900
+7% +$826K
ORLY icon
211
O'Reilly Automotive
ORLY
$76.3B
$11.2M 0.08%
264,945
+10,500
+4% +$452K
TEL icon
212
TE Connectivity
TEL
$62.6B
$11.1M 0.08%
98,323
+3,000
+3% +$372K
IQV icon
213
IQVIA
IQV
$39.3B
$11.1M 0.08%
50,994
-82,800
-62% -$18M
GPN icon
214
Global Payments
GPN
$22.8B
$11M 0.08%
99,778
+3,700
+4% +$468K
TRV icon
215
Travelers Companies
TRV
$80.2B
$11M 0.08%
64,753
+3,900
+6% +$678K
CTSH icon
216
Cognizant
CTSH
$26B
$10.8M 0.07%
160,723
+3,300
+2% +$253K
PRU icon
217
Prudential Financial
PRU
$41.8B
$10.8M 0.07%
112,555
+3,500
+3% +$370K
PSX icon
218
Phillips 66
PSX
$81.4B
$10.6M 0.07%
129,712
+11,700
+10% +$1.08M
CTVA icon
219
Corteva
CTVA
$51.3B
$10.6M 0.07%
195,210
+11,800
+6% +$685K
PAYX icon
220
Paychex
PAYX
$42.7B
$10.5M 0.07%
92,077
+4,300
+5% +$540K
KMI icon
221
Kinder Morgan
KMI
$68.7B
$10.5M 0.07%
625,485
-78,194
-11% -$1.46M
XEL icon
222
Xcel Energy
XEL
$48.8B
$10.4M 0.07%
146,894
+11,000
+8% +$800K
HCA icon
223
HCA Healthcare
HCA
$89.5B
$10.3M 0.07%
61,409
+1,000
+2% +$215K
ECL icon
224
Ecolab
ECL
$79.9B
$10.3M 0.07%
67,040
+4,200
+7% +$697K
MNST icon
225
Monster Beverage
MNST
$88.5B
$10.3M 0.07%
221,416
-800
-0.4% -$34.8K
7 8
9
10 11

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q2 2022 Portfolio in Review

As of Q2 2022, State of Michigan Retirement System held 989 positions worth $14.6B, down 16% from $17.3B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

State of Michigan Retirement System's Q2 2022 filing shows 41 new, 604 increased, 232 reduced and 19 closed positions. Its largest new stake was Apollo Global Management: 4,486,760 shares worth $218M. The largest sale was iShares Core US Aggregate Bond ETF, an estimated $299M.

By sector, the portfolio is most concentrated in Technology at 21% of assets, down from 22% a quarter earlier, followed by Healthcare and Communication Services.

  • State of Michigan Retirement System's largest Q2 2022 buy was Apollo Global Management: 4,486,760 shares worth $218M.
  • State of Michigan Retirement System added most to Warner Bros in Q2 2022, an estimated $106M increase.
  • State of Michigan Retirement System's biggest Q2 2022 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $299M.
  • State of Michigan Retirement System fully exited FTAI Aviation in Q2 2022, selling an estimated $97.3M.
  • State of Michigan Retirement System's ten largest holdings make up 34% of its $14.6B portfolio in Q2 2022.
  • State of Michigan Retirement System opened 41 new positions and closed 19 in Q2 2022.
  • State of Michigan Retirement System's portfolio value fell 16% quarter-over-quarter to $14.6B.

Based on State of Michigan Retirement System's 13F filing for Q2 2022, filed 8 Aug 2022.