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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
-4.87%
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
$17.3B
AUM Growth
-$1.79B
Cap. Flow
-$625M
Cap. Flow %
-3.62%
Top 10 Hldgs %
37.1%
Holding
987
New
12
Increased
626
Reduced
266
Closed
39

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$326M
2
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$112M
3
GILD icon
Gilead Sciences
GILD
+$38.4M
4
SPGI icon
S&P Global
SPGI
+$36.4M
5
TDG icon
TransDigm Group
TDG
+$33.8M

Top Sells

Rank Stock Value
1
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$325M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$181M
3
SPG icon
Simon Property Group
SPG
+$156M
4
VST icon
Vistra
VST
+$131M
5
BMY icon
Bristol-Myers Squibb
BMY
+$109M

Sector Composition

Rank Sector Weight
1 Technology 21.58%
2 Healthcare 11.99%
3 Communication Services 11.98%
4 Financials 9.11%
5 Consumer Discretionary 8.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DVN icon
226
Devon Energy
DVN
$49.9B
$10.9M 0.06%
185,057
+153
+0.1% +$8.28K
RPT
227
Rithm Property Trust
RPT
$96M
$10.9M 0.06%
155,252
– –
WBA
228
DELISTED
Walgreens Boots Alliance
WBA
$10.9M 0.06%
243,000
-69
-0% -$3.39K
CTAS icon
229
Cintas
CTAS
$81.1B
$10.9M 0.06%
102,172
+488
+0.5% +$47.5K
CBRE icon
230
CBRE Group
CBRE
$41.7B
$10.8M 0.06%
118,460
+217
+0.2% +$21.1K
SPOT icon
231
Spotify
SPOT
$105B
$10.7M 0.06%
70,931
+10,000
+16% +$1.71M
HLT icon
232
Hilton Worldwide
HLT
$70B
$10.7M 0.06%
70,323
+173
+0.2% +$25.5K
AZO icon
233
AutoZone
AZO
$50.1B
$10.6M 0.06%
5,206
-45
-0.9% -$87.9K
O icon
234
Realty Income
O
$58.6B
$10.6M 0.06%
152,404
+305
+0.2% +$20.7K
WELL icon
235
Welltower
WELL
$169B
$10.6M 0.06%
109,809
+213
+0.2% +$18.5K
MCHP icon
236
Microchip Technology
MCHP
$44.2B
$10.5M 0.06%
140,318
+624
+0.4% +$47K
CTVA icon
237
Corteva
CTVA
$51B
$10.5M 0.06%
183,410
-109
-0.1% -$5.57K
VLO icon
238
Valero Energy
VLO
$90.7B
$10.5M 0.06%
103,162
+203
+0.2% +$17.6K
KMB icon
239
Kimberly-Clark
KMB
$35.9B
$10.5M 0.06%
84,916
+149
+0.2% +$19.7K
SYY icon
240
Sysco
SYY
$40.1B
$10.5M 0.06%
128,017
-1,095
-0.8% -$88.5K
MSI icon
241
Motorola Solutions
MSI
$76.5B
$10.3M 0.06%
42,608
+77
+0.2% +$17.9K
GIS icon
242
General Mills
GIS
$19.9B
$10.3M 0.06%
152,102
-419
-0.3% -$28.1K
WMB icon
243
Williams Companies
WMB
$87.9B
$10.2M 0.06%
306,521
+670
+0.2% +$20.5K
SNAP icon
244
Snap
SNAP
$9.05B
$10.2M 0.06%
284,370
– –
BNY
245
Bank of New York Mellon
BNY
$108B
$10.2M 0.06%
205,855
-4,672
-2% -$266K
PSX icon
246
Phillips 66
PSX
$86B
$10.2M 0.06%
118,012
+7,710
+7% +$649K
DLR icon
247
Digital Realty Trust
DLR
$70.8B
$10.2M 0.06%
71,581
+159
+0.2% +$23K
A icon
248
Agilent Technologies
A
$42B
$10M 0.06%
75,781
-425
-0.6% -$58.5K
DHI icon
249
D.R. Horton
DHI
$41B
$9.98M 0.06%
133,899
-734
-0.5% -$63.6K
SIVB
250
DELISTED
SVB Financial Group
SIVB
$9.96M 0.06%
17,796
+48
+0.3% +$29.1K
8 9
10
11 12

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
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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q1 2022 Portfolio in Review

As of Q1 2022, State of Michigan Retirement System held 987 positions worth $17.3B, down 9.4% from $19.1B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

State of Michigan Retirement System withdrew a net $625M in Q1 2022, closing 39 positions and reducing 266 holdings. Its most notable exit was Athene Holding Ltd. Class A Common Shares, an estimated $325M position sold in full.

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

Against the trend, State of Michigan Retirement System opened a new position in S&P Global worth $36.7M.

  • State of Michigan Retirement System's largest Q1 2022 buy was S&P Global: 89,353 shares worth $36.7M.
  • State of Michigan Retirement System added most to Meta Platforms (Facebook) in Q1 2022, an estimated $326M increase.
  • State of Michigan Retirement System's biggest Q1 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $181M.
  • State of Michigan Retirement System fully exited Athene Holding Ltd. Class A Common Shares in Q1 2022, selling an estimated $325M.
  • State of Michigan Retirement System's ten largest holdings make up 37% of its $17.3B portfolio in Q1 2022.
  • State of Michigan Retirement System opened 12 new positions and closed 39 in Q1 2022.
  • State of Michigan Retirement System's portfolio value fell 9.4% quarter-over-quarter to $17.3B.

Based on State of Michigan Retirement System's 13F filing for Q1 2022, filed 4 May 2022.