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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
FOXA icon
426
Fox Class A
FOXA
$26.6B
$4.36M 0.03%
110,464
-1,024
-0.9% -$41.6K
AES icon
427
AES
AES
$10.5B
$4.33M 0.03%
168,195
+338
+0.2% +$7.64K
UDR icon
428
UDR
UDR
$12.1B
$4.33M 0.03%
75,445
+2,293
+3% +$130K
AMCR icon
429
Amcor
AMCR
$21.8B
$4.33M 0.03%
76,375
-816
-1% -$47.6K
CLX icon
430
Clorox
CLX
$13B
$4.32M 0.03%
31,051
+148
+0.5% +$22.7K
CPT icon
431
Camden Property Trust
CPT
$11B
$4.31M 0.02%
25,943
-1
-0% -$165
LDOS icon
432
Leidos
LDOS
$17.5B
$4.31M 0.02%
39,892
+27
+0.1% +$2.6K
TECH icon
433
Bio-Techne
TECH
$11.2B
$4.29M 0.02%
39,644
+44
+0.1% +$4.54K
DRI icon
434
Darden Restaurants
DRI
$24.9B
$4.28M 0.02%
32,212
-472
-1% -$65.2K
BRO icon
435
Brown & Brown
BRO
$24B
$4.28M 0.02%
59,151
+151
+0.3% +$10.1K
SEDG icon
436
SolarEdge
SEDG
$1.98B
$4.27M 0.02%
13,236
+36
+0.3% +$9.89K
JBHT icon
437
JB Hunt Transport Services
JBHT
$25B
$4.26M 0.02%
21,195
+65
+0.3% +$13K
QRVO icon
438
Qorvo
QRVO
$8.56B
$4.22M 0.02%
34,019
-386
-1% -$52.2K
ABMD
439
DELISTED
Abiomed Inc
ABMD
$4.21M 0.02%
12,714
+7
+0.1% +$2.15K
FMC icon
440
FMC
FMC
$1.31B
$4.21M 0.02%
31,958
+91
+0.3% +$10.7K
AA icon
441
Alcoa
AA
$13.6B
$4.2M 0.02%
46,675
-125
-0.3% -$9.08K
TFX icon
442
Teleflex
TFX
$5.89B
$4.19M 0.02%
11,817
+10
+0.1% +$3.29K
CZR icon
443
Caesars Entertainment
CZR
$6.13B
$4.18M 0.02%
53,997
+197
+0.4% +$15.8K
K
444
DELISTED
Kellanova
K
$4.16M 0.02%
68,715
+169
+0.2% +$10.2K
CCL icon
445
Carnival Corporation Ltd
CCL
$38B
$4.13M 0.02%
204,044
+1,516
+0.7% +$30.6K
LUMN icon
446
Lumen
LUMN
$6.85B
$4.1M 0.02%
364,076
+510
+0.1% +$5.84K
MKTX icon
447
MarketAxess Holdings
MKTX
$5.72B
$4.09M 0.02%
12,021
+12
+0.1% +$4.35K
AVY icon
448
Avery Dennison
AVY
$13.5B
$4.06M 0.02%
23,319
+5
+0% +$929
VTRS icon
449
Viatris
VTRS
$18.7B
$4.06M 0.02%
372,820
+626
+0.2% +$8.25K
CHRW icon
450
C.H. Robinson
CHRW
$17.3B
$4.04M 0.02%
37,548
+34
+0.1% +$3.45K
16 17
18
19 20

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.