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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
NDSN icon
501
Nordson
NDSN
$17.2B
$3.1M 0.02%
13,651
-65
-0.5% -$14.9K
UHS icon
502
Universal Health Services
UHS
$10.2B
$3.1M 0.02%
21,374
+30
+0.1% +$4.15K
MAS icon
503
Masco
MAS
$14.7B
$3.09M 0.02%
60,517
-937
-2% -$55.7K
CBOE icon
504
Cboe Global Markets
CBOE
$29.8B
$3.08M 0.02%
26,903
+62
+0.2% +$7.34K
PTON icon
505
Peloton Interactive
PTON
$2.42B
$3.08M 0.02%
116,477
– –
BIO icon
506
Bio-Rad Laboratories Class A
BIO
$9.48B
$3.07M 0.02%
5,450
+50
+0.9% +$30.1K
JLL icon
507
Jones Lang LaSalle
JLL
$16.4B
$3.07M 0.02%
12,811
+55
+0.4% +$13.4K
REXR icon
508
Rexford Industrial Realty
REXR
$8.13B
$3.03M 0.02%
40,682
+2,282
+6% +$165K
LEA icon
509
Lear
LEA
$8.05B
$3.02M 0.02%
21,193
+15
+0.1% +$2.44K
GGG icon
510
Graco
GGG
$13.5B
$3.01M 0.02%
43,164
+54
+0.1% +$3.89K
ARW icon
511
Arrow Electronics
ARW
$10.3B
$2.98M 0.02%
25,161
-400
-2% -$50.1K
WTRG icon
512
Essential Utilities
WTRG
$11.3B
$2.98M 0.02%
58,371
+78
+0.1% +$3.76K
AAL icon
513
American Airlines Group
AAL
$9.93B
$2.98M 0.02%
163,505
+501
+0.3% +$8.52K
CMA
514
DELISTED
Comerica
CMA
$2.98M 0.02%
32,970
-31
-0.1% -$2.92K
DISCK
515
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.96M 0.02%
118,724
+153
+0.1% +$4.15K
LSI
516
DELISTED
Life Storage, Inc.
LSI
$2.92M 0.02%
20,820
+5
+0% +$673
RS icon
517
Reliance Steel & Aluminium
RS
$21.9B
$2.92M 0.02%
15,897
+15
+0.1% +$2.6K
ALLE icon
518
Allegion
ALLE
$14.1B
$2.91M 0.02%
26,544
+93
+0.4% +$11K
OC icon
519
Owens Corning
OC
$12.2B
$2.89M 0.02%
31,588
+23
+0.1% +$2.11K
PTC icon
520
PTC
PTC
$16.4B
$2.86M 0.02%
26,554
-46
-0.2% -$5.17K
EWBC icon
521
East-West Bancorp
EWBC
$18.1B
$2.85M 0.02%
36,022
+111
+0.3% +$9.37K
LULU icon
522
lululemon athletica
LULU
$14.5B
$2.81M 0.02%
7,708
– –
NRG icon
523
NRG Energy
NRG
$25B
$2.81M 0.02%
73,348
+130
+0.2% +$5.07K
AZPN
524
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$2.8M 0.02%
16,923
-77
-0.5% -$12.7K
JAZZ icon
525
Jazz Pharmaceuticals
JAZZ
$16.7B
$2.8M 0.02%
17,964
+4
+0% +$580
19 20
21
22 23

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.