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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
VMC icon
351
Vulcan Materials
VMC
$37B
$6.15M 0.04%
33,476
+37
+0.1% +$6.91K
STE icon
352
Steris
STE
$23.3B
$6.1M 0.04%
25,248
+94
+0.4% +$21.8K
ZM icon
353
Zoom
ZM
$31.4B
$6.1M 0.04%
52,066
+20,000
+62% +$2.72M
NTRS icon
354
Northern Trust
NTRS
$34.4B
$6.1M 0.04%
52,413
+170
+0.3% +$20.2K
AEE icon
355
Ameren
AEE
$29.6B
$6.09M 0.04%
64,987
+94
+0.1% +$8.23K
ESS icon
356
Essex Property Trust
ESS
$18.2B
$6.07M 0.04%
17,576
+92
+0.5% +$30.7K
SLP icon
357
Simulations Plus
SLP
$371M
$6.03M 0.03%
118,200
– –
DRE
358
DELISTED
Duke Realty Corp.
DRE
$6.01M 0.03%
103,574
+170
+0.2% +$9.63K
BX icon
359
Blackstone
BX
$113B
$5.98M 0.03%
47,100
– –
ETR icon
360
Entergy
ETR
$49.3B
$5.92M 0.03%
101,404
+182
+0.2% +$9.97K
COO icon
361
Cooper Companies
COO
$14.9B
$5.85M 0.03%
56,048
+132
+0.2% +$13.3K
RF icon
362
Regions Financial
RF
$26.8B
$5.83M 0.03%
261,839
-2,423
-0.9% -$57K
DOV icon
363
Dover
DOV
$28.3B
$5.7M 0.03%
36,323
+36
+0.1% +$5.91K
MPWR icon
364
Monolithic Power Systems
MPWR
$67.9B
$5.67M 0.03%
11,670
+62
+0.5% +$27K
GRMN
365
Garmin
GRMN
$60.4B
$5.64M 0.03%
47,597
+42
+0.1% +$5.05K
CF icon
366
CF Industries
CF
$18.4B
$5.58M 0.03%
54,154
+142
+0.3% +$11.5K
TDY icon
367
Teledyne Technologies
TDY
$32B
$5.56M 0.03%
11,769
+6
+0.1% +$2.58K
RVTY icon
368
Revvity
RVTY
$12.9B
$5.55M 0.03%
31,838
+68
+0.2% +$12.1K
CFG icon
369
Citizens Financial Group
CFG
$30.6B
$5.54M 0.03%
122,273
+204
+0.2% +$10.5K
ZBRA icon
370
Zebra Technologies
ZBRA
$17.9B
$5.54M 0.03%
13,391
-79
-0.6% -$36.3K
POOL icon
371
Pool Corp
POOL
$7.27B
$5.54M 0.03%
13,089
+13
+0.1% +$6.07K
FTV icon
372
Fortive
FTV
$18.6B
$5.51M 0.03%
120,040
+261
+0.2% +$12.9K
MTB icon
373
M&T Bank
MTB
$36.3B
$5.5M 0.03%
32,469
+70
+0.2% +$12.3K
WDC icon
374
Western Digital
WDC
$151B
$5.49M 0.03%
146,201
+614
+0.4% +$25.2K
VRSN icon
375
VeriSign
VRSN
$26.5B
$5.42M 0.03%
24,379
+77
+0.3% +$16.8K
13 14
15
16 17

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.