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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
-15.09%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$1.6B 10.97%
4,242,740
+78,100
+2% +$32M
AAPL icon
2
Apple
AAPL
$4.97T
$675M 4.63%
4,937,436
+165,211
+3% +$25M
MSFT icon
3
Microsoft
MSFT
$2.9T
$657M 4.51%
2,559,760
+41,733
+2% +$11.3M
T icon
4
AT&T
T
$164B
$413M 2.83%
19,709,913
-11,222,981
-36% -$224M
LQD icon
5
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$341M 2.34%
3,097,400
-484,000
-14% -$54.6M
AMZN icon
6
Amazon
AMZN
$2.44T
$310M 2.12%
2,914,600
+83,880
+3% +$10.5M
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.12T
$285M 1.95%
2,612,260
+305,680
+13% +$36M
MTUM icon
8
iShares MSCI USA Momentum Factor ETF
MTUM
$23.6B
$247M 1.69%
1,809,434
+59,684
+3% +$8.76M
META icon
9
Meta Platforms (Facebook)
META
$1.49T
$245M 1.68%
1,517,860
-613,754
-29% -$118M
APO icon
10
Apollo Global Management
APO
$69B
$218M 1.49%
+4,486,760
New +$244M
VZ icon
11
Verizon
VZ
$197B
$185M 1.27%
3,641,338
+82,288
+2% +$4.16M
UNH icon
12
UnitedHealth
UNH
$382B
$181M 1.24%
353,119
+15,600
+5% +$7.83M
GOOG icon
13
Alphabet (Google) Class C
GOOG
$4.11T
$166M 1.14%
1,521,660
+76,000
+5% +$8.98M
TSLA icon
14
Tesla
TSLA
$1.18T
$152M 1.05%
679,257
+45,600
+7% +$12.4M
NVDA icon
15
NVIDIA
NVDA
$4.6T
$149M 1.02%
9,818,240
+973,180
+11% +$18.4M
JNJ icon
16
Johnson & Johnson
JNJ
$640B
$135M 0.92%
758,224
+25,500
+3% +$4.54M
TDOC icon
17
Teladoc Health
TDOC
$1.66B
$123M 0.84%
+3,706,369
New +$157M
MA icon
18
Mastercard
MA
$498B
$116M 0.8%
369,148
+31,967
+9% +$11M
HD icon
19
Home Depot
HD
$337B
$103M 0.7%
373,784
-4,700
-1% -$1.39M
BRK.B icon
20
Berkshire Hathaway Class B
BRK.B
$1.1T
$98M 0.67%
359,049
+33,400
+10% +$10.5M
XOM icon
21
ExxonMobil
XOM
$650B
$97.3M 0.67%
1,136,574
+69,100
+6% +$6.23M
ACN icon
22
Accenture
ACN
$106B
$94.8M 0.65%
341,338
+200
+0.1% +$60.1K
PG icon
23
Procter & Gamble
PG
$340B
$93.1M 0.64%
647,337
+42,900
+7% +$6.45M
V icon
24
Visa
V
$677B
$92.5M 0.63%
469,576
+23,053
+5% +$4.76M
PFE icon
25
Pfizer
PFE
$143B
$92M 0.63%
1,753,784
+199,800
+13% +$10.2M
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.