We are live on ! Find out more
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
FIVE icon
576
Five Below
FIVE
$13B
$2.25M 0.01%
14,222
-18
-0.1% -$3K
JBL icon
577
Jabil
JBL
$37.2B
$2.25M 0.01%
36,411
+69
+0.2% +$4.25K
MANH icon
578
Manhattan Associates
MANH
$11.4B
$2.22M 0.01%
16,031
+34
+0.2% +$4.55K
PNW icon
579
Pinnacle West Capital
PNW
$12.1B
$2.22M 0.01%
28,461
+33
+0.1% +$2.36K
LII icon
580
Lennox International
LII
$14.9B
$2.2M 0.01%
8,544
+14
+0.2% +$3.84K
LW icon
581
Lamb Weston
LW
$7.21B
$2.19M 0.01%
36,632
-191
-0.5% -$11.9K
BEN icon
582
Franklin Resources
BEN
$17B
$2.19M 0.01%
78,595
+223
+0.3% +$6.81K
NWSA icon
583
News Corp Class A
NWSA
$15.4B
$2.19M 0.01%
98,654
-281
-0.3% -$6.21K
UGI icon
584
UGI
UGI
$7.49B
$2.18M 0.01%
60,300
+250
+0.4% +$10K
PBCT
585
DELISTED
People's United Financial Inc
PBCT
$2.16M 0.01%
107,901
+159
+0.1% +$3.25K
KSS icon
586
Kohl's
KSS
$2.11B
$2.14M 0.01%
35,326
-2,774
-7% -$157K
SYNH
587
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$2.13M 0.01%
26,322
+19
+0.1% +$1.61K
AIRC
588
DELISTED
Apartment Income REIT Corp.
AIRC
$2.13M 0.01%
39,850
+50
+0.1% +$2.64K
LSCC icon
589
Lattice Semiconductor
LSCC
$17.9B
$2.12M 0.01%
34,762
+62
+0.2% +$3.72K
WYNN icon
590
Wynn Resorts
WYNN
$10.7B
$2.12M 0.01%
26,572
+52
+0.2% +$4.38K
MKSI icon
591
MKS Inc
MKSI
$19.8B
$2.11M 0.01%
14,040
– –
FSLR icon
592
First Solar
FSLR
$25.9B
$2.1M 0.01%
25,124
+85
+0.3% +$6.51K
EGP icon
593
EastGroup Properties
EGP
$10.9B
$2.1M 0.01%
10,327
+8
+0.1% +$1.58K
PCTY icon
594
Paylocity
PCTY
$7.7B
$2.07M 0.01%
10,072
+47
+0.5% +$9.51K
OGE icon
595
OGE Energy
OGE
$9.59B
$2.07M 0.01%
50,814
+43
+0.1% +$1.63K
LECO icon
596
Lincoln Electric
LECO
$15.5B
$2.07M 0.01%
14,989
+76
+0.5% +$9.95K
SEIC icon
597
SEI Investments
SEIC
$12.6B
$2.06M 0.01%
34,124
-213
-0.6% -$12.7K
UTHR icon
598
United Therapeutics
UTHR
$22.3B
$2.05M 0.01%
11,432
+39
+0.3% +$7.43K
FR icon
599
First Industrial Realty Trust
FR
$8.37B
$2.05M 0.01%
33,068
+67
+0.2% +$4.01K
KRC icon
600
Kilroy Realty
KRC
$4.31B
$2.04M 0.01%
26,665
+127
+0.5% +$8.92K
22 23
24
25 26

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.