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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
NTAP icon
376
NetApp
NTAP
$39B
$5.41M 0.03%
65,229
-115
-0.2% -$10K
WAB icon
377
Wabtec
WAB
$49.7B
$5.34M 0.03%
55,516
+105
+0.2% +$9.73K
HBAN icon
378
Huntington Bancshares
HBAN
$35.6B
$5.31M 0.03%
362,950
-1,247
-0.3% -$19.5K
NDAQ icon
379
Nasdaq
NDAQ
$53.4B
$5.26M 0.03%
88,590
+240
+0.3% +$14.2K
KEY icon
380
KeyCorp
KEY
$24.3B
$5.24M 0.03%
234,228
-185
-0.1% -$4.6K
TER icon
381
Teradyne
TER
$57.1B
$5.24M 0.03%
44,335
+135
+0.3% +$17.1K
EDIT icon
382
Editas Medicine
EDIT
$432M
$5.21M 0.03%
273,721
– –
RJF icon
383
Raymond James Financial
RJF
$34.5B
$5.18M 0.03%
47,144
+492
+1% +$52.1K
IR icon
384
Ingersoll Rand
IR
$33.6B
$5.18M 0.03%
102,823
+230
+0.2% +$12.3K
EXPD icon
385
Expeditors International
EXPD
$23.3B
$5.15M 0.03%
49,908
+125
+0.3% +$13.8K
CINF icon
386
Cincinnati Financial
CINF
$26.7B
$5.14M 0.03%
37,806
+65
+0.2% +$7.99K
STLD icon
387
Steel Dynamics
STLD
$38.5B
$5.13M 0.03%
61,481
+39
+0.1% +$2.63K
CMS icon
388
CMS Energy
CMS
$21.7B
$5.11M 0.03%
73,099
+114
+0.2% +$7.39K
CPAY icon
389
Corpay
CPAY
$26.3B
$5.1M 0.03%
20,484
+30
+0.1% +$7.11K
ETSY icon
390
Etsy
ETSY
$7.38B
$5.09M 0.03%
40,943
+43
+0.1% +$6.39K
PFG icon
391
Principal Financial Group
PFG
$24.4B
$5.03M 0.03%
68,474
-763
-1% -$55.2K
CTLT
392
DELISTED
CATALENT, INC.
CTLT
$5.01M 0.03%
45,183
+2,083
+5% +$217K
IP icon
393
International Paper
IP
$21.9B
$5M 0.03%
108,348
+227
+0.2% +$10.5K
TTWO icon
394
Take-Two Interactive
TTWO
$47.4B
$4.96M 0.03%
32,244
+51
+0.2% +$8.16K
MRO
395
DELISTED
Marathon Oil Corporation
MRO
$4.93M 0.03%
196,405
+384
+0.2% +$8.25K
CAG icon
396
Conagra Brands
CAG
$7.07B
$4.93M 0.03%
146,801
+198
+0.1% +$6.75K
DGX icon
397
Quest Diagnostics
DGX
$26.2B
$4.92M 0.03%
35,917
-871
-2% -$121K
MOH icon
398
Molina Healthcare
MOH
$10.4B
$4.91M 0.03%
14,732
-71
-0.5% -$21.9K
AKAM icon
399
Akamai
AKAM
$16.9B
$4.89M 0.03%
40,989
+50
+0.1% +$5.61K
OMC icon
400
Omnicom Group
OMC
$23.2B
$4.88M 0.03%
57,484
-779
-1% -$62.6K
14 15
16
17 18

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.