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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
CERN
326
DELISTED
Cerner Corp
CERN
$6.94M 0.04%
74,225
+122
+0.2% +$11.3K
SWKS icon
327
Skyworks Solutions
SWKS
$10.4B
$6.93M 0.04%
51,987
-213
-0.4% -$29.9K
LUV icon
328
Southwest Airlines
LUV
$22B
$6.85M 0.04%
149,503
+496
+0.3% +$21.8K
ENPH icon
329
Enphase Energy
ENPH
$5.41B
$6.82M 0.04%
33,815
-185
-0.5% -$29.1K
CHD icon
330
Church & Dwight Co
CHD
$24.5B
$6.79M 0.04%
68,291
-444
-0.6% -$44.2K
FANG icon
331
Diamondback Energy
FANG
$55.7B
$6.77M 0.04%
49,363
+101
+0.2% +$13.1K
ZBH icon
332
Zimmer Biomet
ZBH
$18.7B
$6.74M 0.04%
52,715
-1,498
-3% -$181K
HEI icon
333
HEICO Corp
HEI
$50.9B
$6.69M 0.04%
43,600
+3,600
+9% +$523K
ULTA icon
334
Ulta Beauty
ULTA
$23.6B
$6.67M 0.04%
16,753
+1
+0% +$376
MLM icon
335
Martin Marietta Materials
MLM
$33B
$6.66M 0.04%
17,293
+59
+0.3% +$22.9K
VTR icon
336
Ventas
VTR
$47.2B
$6.65M 0.04%
107,605
+291
+0.3% +$15.9K
CDW icon
337
CDW
CDW
$17.1B
$6.61M 0.04%
36,945
+120
+0.3% +$22K
FE icon
338
FirstEnergy
FE
$27.1B
$6.6M 0.04%
143,844
+6,774
+5% +$287K
HIG icon
339
Hartford Financial Services
HIG
$38.7B
$6.59M 0.04%
91,741
-1,200
-1% -$84.6K
IT icon
340
Gartner
IT
$12.2B
$6.59M 0.04%
22,147
-4
-0% -$1.16K
MELI icon
341
Mercado Libre
MELI
$92.5B
$6.54M 0.04%
5,500
+400
+8% +$435K
ALB icon
342
Albemarle
ALB
$15.5B
$6.53M 0.04%
29,507
+22
+0.1% +$4.65K
MAA icon
343
Mid-America Apartment Communities
MAA
$15.4B
$6.51M 0.04%
31,099
+157
+0.5% +$32.9K
DTE icon
344
DTE Energy
DTE
$28.5B
$6.46M 0.04%
48,877
+54
+0.1% +$6.59K
GWW icon
345
W.W. Grainger
GWW
$61.1B
$6.46M 0.04%
12,517
+33
+0.3% +$16.2K
DAL icon
346
Delta Air Lines
DAL
$58.7B
$6.39M 0.04%
161,503
+373
+0.2% +$14.5K
MKC icon
347
McCormick & Company Non-Voting
MKC
$14.3B
$6.29M 0.04%
63,010
+208
+0.3% +$20.3K
SWK icon
348
Stanley Black & Decker
SWK
$15.5B
$6.22M 0.04%
44,531
+63
+0.1% +$10.4K
PPL
349
PPL Corp
PPL
$26.3B
$6.2M 0.04%
216,948
+422
+0.2% +$11.9K
LH icon
350
Labcorp
LH
$26.1B
$6.19M 0.04%
27,339
-652
-2% -$153K
12 13
14
15 16

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.