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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
FTAI icon
26
FTAI Aviation
FTAI
$22.2B
$97.3M 0.56%
4,422,777
– –
TMO icon
27
Thermo Fisher Scientific
TMO
$220B
$94.2M 0.54%
159,410
+192
+0.1% +$110K
PG icon
28
Procter & Gamble
PG
$339B
$92.4M 0.53%
604,437
-4,859
-0.8% -$760K
RITM icon
29
Rithm Capital
RITM
$5.69B
$92.3M 0.53%
8,404,734
– –
XOM icon
30
ExxonMobil
XOM
$634B
$88.2M 0.51%
1,067,474
+1,656
+0.2% +$129K
AMD icon
31
Advanced Micro Devices
AMD
$789B
$87.4M 0.51%
799,212
+115,833
+17% +$13.8M
AVGO icon
32
Broadcom
AVGO
$2.04T
$86.6M 0.5%
1,374,660
+166,940
+14% +$9.92M
PFE icon
33
Pfizer
PFE
$153B
$80.5M 0.47%
1,553,984
+2,324
+0.1% +$121K
MSCI icon
34
MSCI
MSCI
$40.9B
$80.2M 0.46%
159,502
+946
+0.6% +$491K
ABBV icon
35
AbbVie
ABBV
$435B
$79.6M 0.46%
491,232
+658
+0.1% +$95.6K
COST icon
36
Costco
COST
$420B
$79.2M 0.46%
137,569
+664
+0.5% +$348K
CVX icon
37
Chevron
CVX
$366B
$79.2M 0.46%
486,215
+847
+0.2% +$121K
BAC icon
38
Bank of America
BAC
$442B
$73.9M 0.43%
1,793,712
-19,490
-1% -$879K
CSCO icon
39
Cisco
CSCO
$479B
$73.8M 0.43%
1,324,266
+2,315
+0.2% +$131K
INTC icon
40
Intel
INTC
$513B
$72.1M 0.42%
1,454,891
+4,218
+0.3% +$209K
IJH icon
41
iShares Core S&P Mid-Cap ETF
IJH
$127B
$72M 0.42%
1,340,810
+173,250
+15% +$9.22M
INTU icon
42
Intuit
INTU
$89B
$66.3M 0.38%
137,890
+242
+0.2% +$124K
LLY icon
43
Eli Lilly
LLY
$1.06T
$65.1M 0.38%
227,304
+426
+0.2% +$110K
DIS icon
44
Walt Disney
DIS
$181B
$63M 0.36%
459,466
+2,018
+0.4% +$292K
GLOB icon
45
Globant
GLOB
$1.61B
$62.2M 0.36%
237,400
– –
BRK.A icon
46
Berkshire Hathaway Class A
BRK.A
$1.12T
$61.4M 0.36%
116
– –
KO icon
47
Coca-Cola
KO
$375B
$60.8M 0.35%
980,548
+1,826
+0.2% +$111K
ADBE icon
48
Adobe
ADBE
$105B
$58.6M 0.34%
128,623
-78,500
-38% -$37.8M
PEP icon
49
PepsiCo
PEP
$190B
$58.4M 0.34%
348,922
+824
+0.2% +$138K
NOW icon
50
ServiceNow
NOW
$129B
$55.9M 0.32%
502,275
+1,775
+0.4% +$199K
1
2
3 4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.