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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
RHI icon
476
Robert Half
RHI
$4.33B
$3.61M 0.02%
31,592
-375
-1% -$43.3K
WHR icon
477
Whirlpool
WHR
$2.87B
$3.57M 0.02%
20,677
-370
-2% -$75K
WRK
478
DELISTED
WestRock Company
WRK
$3.54M 0.02%
75,364
-934
-1% -$42.7K
RUBY
479
DELISTED
Rubius Therapeutics, Inc
RUBY
$3.53M 0.02%
640,000
+300,000
+88% +$1.91M
WRB icon
480
W.R. Berkley
WRB
$26.2B
$3.52M 0.02%
79,269
+166
+0.2% +$6.62K
HST icon
481
Host Hotels & Resorts
HST
$15.4B
$3.5M 0.02%
180,229
+504
+0.3% +$9.1K
CGNX icon
482
Cognex
CGNX
$10.7B
$3.46M 0.02%
44,853
+64
+0.1% +$4.38K
HWM icon
483
Howmet Aerospace
HWM
$113B
$3.44M 0.02%
95,745
-1,087
-1% -$37.1K
EG icon
484
Everest Group
EG
$14.2B
$3.38M 0.02%
11,211
+52
+0.5% +$14.9K
LVS icon
485
Las Vegas Sands
LVS
$29.7B
$3.37M 0.02%
86,801
+280
+0.3% +$11.6K
FICO icon
486
Fair Isaac
FICO
$22.2B
$3.37M 0.02%
7,232
-290
-4% -$137K
HSIC icon
487
Henry Schein
HSIC
$9.94B
$3.35M 0.02%
38,360
+121
+0.3% +$9.86K
BWA icon
488
BorgWarner
BWA
$14.1B
$3.33M 0.02%
97,335
+195
+0.2% +$7.29K
LNC icon
489
Lincoln National
LNC
$8.61B
$3.33M 0.02%
50,901
-762
-1% -$52.1K
BILL icon
490
BILL Holdings
BILL
$4.94B
$3.31M 0.02%
+14,609
New +$3.05M
DAR icon
491
Darling Ingredients
DAR
$9.93B
$3.3M 0.02%
41,074
+43
+0.1% +$3K
CSL icon
492
Carlisle Companies
CSL
$15.6B
$3.26M 0.02%
13,272
+23
+0.2% +$5.39K
AAP icon
493
Advance Auto Parts
AAP
$3.33B
$3.26M 0.02%
15,731
-101
-0.6% -$22.2K
MPT
494
Medical Properties Trust
MPT
$2.5B
$3.2M 0.02%
151,500
+449
+0.3% +$9.68K
Y
495
DELISTED
Alleghany Corp
Y
$3.2M 0.02%
3,777
+46
+1% +$31.9K
SNA icon
496
Snap-on
SNA
$21.4B
$3.19M 0.02%
15,522
-5
-0% -$1.05K
FHN icon
497
First Horizon
FHN
$12B
$3.18M 0.02%
135,556
-1,448
-1% -$28.9K
CTXS
498
DELISTED
Citrix Systems Inc
CTXS
$3.17M 0.02%
31,464
+49
+0.2% +$4.95K
NI icon
499
NiSource
NI
$20.1B
$3.15M 0.02%
99,069
+163
+0.2% +$4.73K
BLDR icon
500
Builders FirstSource
BLDR
$8.03B
$3.14M 0.02%
48,612
+112
+0.2% +$8.13K
18 19
20
21 22

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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.