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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
CNP icon
401
CenterPoint Energy
CNP
$26.4B
$4.86M 0.03%
158,647
+348
+0.2% +$9.77K
HOLX
402
DELISTED
Hologic
HOLX
$4.84M 0.03%
63,065
-755
-1% -$54.3K
WAT icon
403
Waters Corp
WAT
$40.4B
$4.78M 0.03%
15,397
+35
+0.2% +$11.4K
RCL icon
404
Royal Caribbean
RCL
$82.4B
$4.74M 0.03%
56,601
+121
+0.2% +$9.53K
PWR icon
405
Quanta Services
PWR
$99.4B
$4.73M 0.03%
35,948
+65
+0.2% +$7.22K
TXT icon
406
Textron
TXT
$15.3B
$4.73M 0.03%
63,571
+97
+0.2% +$7K
IRM icon
407
Iron Mountain
IRM
$36.2B
$4.67M 0.03%
84,344
+150
+0.2% +$7.14K
NVR icon
408
NVR
NVR
$16.8B
$4.67M 0.03%
1,046
+3
+0.3% +$15.3K
DOC icon
409
Healthpeak Properties
DOC
$14.4B
$4.67M 0.03%
136,093
+384
+0.3% +$12.9K
SJM icon
410
J.M. Smucker
SJM
$12.6B
$4.67M 0.03%
34,461
+98
+0.3% +$13.4K
SBNY
411
DELISTED
Signature Bank
SBNY
$4.64M 0.03%
15,825
+525
+3% +$171K
PHM icon
412
Pultegroup
PHM
$24.8B
$4.64M 0.03%
110,769
-1,046
-0.9% -$51.9K
VFC icon
413
VF Corp
VFC
$5.86B
$4.63M 0.03%
81,446
-611
-0.7% -$37.9K
BXP icon
414
Boston Properties
BXP
$10.8B
$4.62M 0.03%
35,857
+106
+0.3% +$12.8K
TYL icon
415
Tyler Technologies
TYL
$13B
$4.6M 0.03%
10,337
+37
+0.4% +$16.6K
BR icon
416
Broadridge
BR
$19.8B
$4.59M 0.03%
29,460
+121
+0.4% +$18.6K
SYF icon
417
Synchrony
SYF
$25.4B
$4.58M 0.03%
131,540
-6,274
-5% -$263K
TRMB icon
418
Trimble
TRMB
$13.6B
$4.57M 0.03%
63,323
+123
+0.2% +$8.76K
GPC icon
419
Genuine Parts
GPC
$18.5B
$4.53M 0.03%
35,929
+72
+0.2% +$9.31K
J icon
420
Jacobs Solutions
J
$17.2B
$4.49M 0.03%
39,411
-292
-0.7% -$31.3K
PAYC icon
421
Paycom
PAYC
$9.62B
$4.49M 0.03%
12,953
+101
+0.8% +$33.9K
CELH icon
422
Celsius Holdings
CELH
$6.89B
$4.41M 0.03%
240,000
– –
EVRG icon
423
Evergy
EVRG
$18.9B
$4.39M 0.03%
64,281
+68
+0.1% +$4.39K
CE icon
424
Celanese
CE
$4.88B
$4.39M 0.03%
30,744
-185
-0.6% -$28.3K
TRGP icon
425
Targa Resources
TRGP
$57.1B
$4.39M 0.03%
58,124
+124
+0.2% +$7.83K
15 16
17
18 19

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.