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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
EMN icon
451
Eastman Chemical
EMN
$8.39B
$4.03M 0.02%
35,968
-1,255
-3% -$147K
MGM icon
452
MGM Resorts International
MGM
$10.9B
$3.99M 0.02%
95,044
-2,985
-3% -$128K
JNPR
453
DELISTED
Juniper Networks
JNPR
$3.97M 0.02%
106,724
+235
+0.2% +$8.07K
KMX icon
454
CarMax
KMX
$8.34B
$3.94M 0.02%
40,848
+29
+0.1% +$3.12K
LKQ icon
455
LKQ Corp
LKQ
$6.22B
$3.94M 0.02%
86,783
+162
+0.2% +$8.29K
CLF icon
456
Cleveland-Cliffs
CLF
$7.13B
$3.91M 0.02%
121,327
+6,027
+5% +$137K
GEN icon
457
Gen Digital
GEN
$17.5B
$3.89M 0.02%
146,675
+246
+0.2% +$6.76K
JKHY icon
458
Jack Henry & Associates
JKHY
$11B
$3.88M 0.02%
19,716
-238
-1% -$41.6K
IPG
459
DELISTED
Interpublic Group of Companies
IPG
$3.88M 0.02%
109,492
+203
+0.2% +$7.32K
XYL icon
460
Xylem
XYL
$28.3B
$3.88M 0.02%
45,475
+97
+0.2% +$9.29K
KIM icon
461
Kimco Realty
KIM
$16.2B
$3.84M 0.02%
155,633
+416
+0.3% +$10K
FFIV icon
462
F5
FFIV
$23.2B
$3.8M 0.02%
18,188
+184
+1% +$38.6K
UAL icon
463
United Airlines
UAL
$40.2B
$3.79M 0.02%
81,728
+216
+0.3% +$9.36K
APA icon
464
APA Corp
APA
$14.4B
$3.79M 0.02%
91,573
+77
+0.1% +$2.69K
INCY icon
465
Incyte
INCY
$24.6B
$3.77M 0.02%
47,459
+155
+0.3% +$11.3K
PKG icon
466
Packaging Corp of America
PKG
$22.7B
$3.74M 0.02%
23,963
+13
+0.1% +$1.9K
TAP icon
467
Molson Coors Class B
TAP
$7.93B
$3.74M 0.02%
70,070
+139
+0.2% +$7K
DPZ icon
468
Domino's
DPZ
$11.5B
$3.74M 0.02%
9,180
+1
+0% +$436
EVLO
469
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
$3.73M 0.02%
55,000
– –
IEX icon
470
IDEX
IEX
$17.2B
$3.68M 0.02%
19,180
+20
+0.1% +$4.06K
HRL icon
471
Hormel Foods
HRL
$13.6B
$3.67M 0.02%
71,175
+101
+0.1% +$4.95K
L icon
472
Loews
L
$23.3B
$3.66M 0.02%
56,452
-985
-2% -$60.4K
PSNL icon
473
Personalis
PSNL
$1.55B
$3.63M 0.02%
443,798
– –
BF.B icon
474
Brown-Forman Class B
BF.B
$12.9B
$3.63M 0.02%
54,097
+85
+0.2% +$5.66K
CRL icon
475
Charles River Laboratories
CRL
$13.2B
$3.62M 0.02%
12,730
+30
+0.2% +$9.25K
17 18
19
20 21

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.