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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
X
551
DELISTED
US Steel
X
$2.5M 0.01%
66,199
-2,290
-3% -$62K
TPR icon
552
Tapestry
TPR
$33B
$2.47M 0.01%
66,599
-2,704
-4% -$104K
NLSN
553
DELISTED
Nielsen Holdings plc
NLSN
$2.47M 0.01%
90,592
+236
+0.3% +$4.69K
RGEN icon
554
Repligen
RGEN
$9.27B
$2.46M 0.01%
13,053
-24
-0.2% -$4.56K
AFG icon
555
American Financial Group
AFG
$12B
$2.45M 0.01%
16,810
+81
+0.5% +$11K
AOS icon
556
A.O. Smith
AOS
$8.63B
$2.44M 0.01%
38,253
-394
-1% -$28.7K
AXON
557
Axon Enterprise
AXON
$49.7B
$2.39M 0.01%
17,380
+761
+5% +$104K
CIEN icon
558
Ciena
CIEN
$55.1B
$2.38M 0.01%
39,296
+33
+0.1% +$2.16K
DAY
559
DELISTED
Dayforce
DAY
$2.36M 0.01%
34,510
+210
+0.6% +$15.6K
GL icon
560
Globe Life
GL
$14.3B
$2.36M 0.01%
23,436
+78
+0.3% +$7.91K
RGLD icon
561
Royal Gold
RGLD
$19.7B
$2.35M 0.01%
16,648
+61
+0.4% +$7.13K
THC icon
562
Tenet Healthcare
THC
$21.1B
$2.34M 0.01%
27,193
+86
+0.3% +$7.07K
BJ icon
563
BJs Wholesale Club
BJ
$12.2B
$2.33M 0.01%
34,515
-102
-0.3% -$6.4K
MIDD icon
564
Middleby
MIDD
$5.68B
$2.31M 0.01%
14,120
+20
+0.1% +$3.63K
LAD icon
565
Lithia Motors
LAD
$8.31B
$2.31M 0.01%
7,687
-13
-0.2% -$4.06K
NCLH icon
566
Norwegian Cruise Line
NCLH
$8.67B
$2.3M 0.01%
105,279
+12,111
+13% +$247K
IVZ icon
567
Invesco
IVZ
$14.2B
$2.29M 0.01%
99,250
+137
+0.1% +$3.04K
ROL icon
568
Rollins
ROL
$17.8B
$2.28M 0.01%
65,158
+151
+0.2% +$4.9K
TTC icon
569
Toro Company
TTC
$9.53B
$2.28M 0.01%
26,632
-364
-1% -$33.9K
WU icon
570
Western Union
WU
$2.2B
$2.27M 0.01%
121,336
-1,934
-2% -$35.8K
CPB icon
571
Campbell Soup
CPB
$6.69B
$2.27M 0.01%
51,001
+30
+0.1% +$1.33K
AGCO icon
572
AGCO
AGCO
$7.19B
$2.27M 0.01%
15,558
-39
-0.3% -$4.92K
TTEK icon
573
Tetra Tech
TTEK
$9.02B
$2.26M 0.01%
68,540
-185
-0.3% -$5.69K
PNR icon
574
Pentair
PNR
$10.7B
$2.26M 0.01%
41,664
+50
+0.1% +$3.02K
NBIX icon
575
Neurocrine Biosciences
NBIX
$16.6B
$2.26M 0.01%
24,081
+81
+0.3% +$6.87K
21 22
23
24 25

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.