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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
LYB icon
301
LyondellBasell Industries
LYB
$20.2B
$7.85M 0.05%
76,365
+159
+0.2% +$15.8K
BBY icon
302
Best Buy
BBY
$17.4B
$7.84M 0.05%
86,303
-1,066
-1% -$106K
AME icon
303
Ametek
AME
$58B
$7.77M 0.05%
58,353
+90
+0.2% +$12.1K
MTCH icon
304
Match Group
MTCH
$8.43B
$7.77M 0.05%
71,453
+153
+0.2% +$16.9K
LNT icon
305
Alliant Energy
LNT
$17.7B
$7.75M 0.04%
124,039
+128
+0.1% +$7.62K
ES icon
306
Eversource Energy
ES
$26.8B
$7.65M 0.04%
86,733
+140
+0.2% +$12K
CNXC icon
307
Concentrix
CNXC
$1.56B
$7.59M 0.04%
45,591
+34,684
+318% +$6.59M
AWK icon
308
American Water Works
AWK
$26.9B
$7.58M 0.04%
45,797
+65
+0.1% +$10.3K
TWST icon
309
Twist Bioscience
TWST
$7.83B
$7.56M 0.04%
153,172
+100,000
+188% +$5.54M
URI icon
310
United Rentals
URI
$70.8B
$7.51M 0.04%
21,154
+8
+0% +$2.61K
BB icon
311
BlackBerry
BB
$5.18B
$7.46M 0.04%
+1,000,000
New +$7.53M
HES
312
DELISTED
Hess
HES
$7.44M 0.04%
69,541
+174
+0.3% +$16.5K
EXPE icon
313
Expedia Group
EXPE
$37.7B
$7.43M 0.04%
37,964
+1,255
+3% +$235K
ARE icon
314
Alexandria Real Estate Equities
ARE
$8.32B
$7.39M 0.04%
36,718
+1,183
+3% +$231K
EIX icon
315
Edison International
EIX
$26.1B
$7.38M 0.04%
105,254
+116
+0.1% +$7.41K
BALL icon
316
Ball Corp
BALL
$16.6B
$7.34M 0.04%
81,601
+20
+0% +$1.82K
FRC
317
DELISTED
First Republic Bank
FRC
$7.33M 0.04%
45,223
+111
+0.2% +$19.4K
EFX icon
318
Equifax
EFX
$21.3B
$7.3M 0.04%
30,778
+97
+0.3% +$22.9K
WTW icon
319
Willis Towers Watson
WTW
$31.9B
$7.27M 0.04%
30,792
-619
-2% -$142K
MOS icon
320
The Mosaic Company
MOS
$7.46B
$7.19M 0.04%
108,176
+210
+0.2% +$10.5K
PLTR icon
321
Palantir
PLTR
$421B
$7.04M 0.04%
513,000
– –
ANSS
322
DELISTED
Ansys
ANSS
$6.99M 0.04%
22,011
+57
+0.3% +$18.6K
RSG icon
323
Republic Services
RSG
$65.7B
$6.98M 0.04%
52,687
– –
CTRA
324
DELISTED
Coterra Energy
CTRA
$6.97M 0.04%
258,559
+340
+0.1% +$7.95K
EXR icon
325
Extra Space Storage
EXR
$31B
$6.95M 0.04%
33,779
+98
+0.3% +$19.5K
11 12
13
14 15

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.