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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
DECK icon
626
Deckers Outdoor
DECK
$12.9B
$1.89M 0.01%
41,496
-276
-0.7% -$13.7K
OHI icon
627
Omega Healthcare
OHI
$14B
$1.89M 0.01%
60,663
+102
+0.2% +$3.01K
G icon
628
Genpact
G
$5.7B
$1.88M 0.01%
43,284
-516
-1% -$23.9K
TNDM icon
629
Tandem Diabetes Care
TNDM
$1.58B
$1.88M 0.01%
16,145
+45
+0.3% +$5.25K
MASI
630
DELISTED
Masimo
MASI
$1.88M 0.01%
12,896
+30
+0.2% +$5.76K
FOX icon
631
Fox Class B
FOX
$23.5B
$1.88M 0.01%
51,715
-222
-0.4% -$8.26K
ORI icon
632
Old Republic International
ORI
$10.2B
$1.88M 0.01%
72,478
+108
+0.1% +$2.79K
CASY icon
633
Casey's General Stores
CASY
$31.4B
$1.87M 0.01%
9,421
-4
-0% -$753
RGA icon
634
Reinsurance Group of America
RGA
$16B
$1.87M 0.01%
17,052
-45
-0.3% -$4.98K
M icon
635
Macy's
M
$6.45B
$1.85M 0.01%
75,970
-2,530
-3% -$64.8K
ALK icon
636
Alaska Air
ALK
$5.41B
$1.84M 0.01%
31,762
+231
+0.7% +$12.6K
CABO icon
637
Cable One
CABO
$201M
$1.84M 0.01%
1,259
-25
-2% -$38.1K
OLED icon
638
Universal Display
OLED
$4.26B
$1.84M 0.01%
11,005
+7
+0.1% +$1.09K
XPO icon
639
XPO
XPO
$23.8B
$1.82M 0.01%
42,146
+138
+0.3% +$5.77K
EXEL icon
640
Exelixis
EXEL
$13.1B
$1.82M 0.01%
80,316
+158
+0.2% +$3.09K
STOR
641
DELISTED
STORE Capital Corporation
STOR
$1.82M 0.01%
62,296
+109
+0.2% +$3.36K
VOYA icon
642
Voya Financial
VOYA
$8.98B
$1.82M 0.01%
27,416
-584
-2% -$39.8K
VNO icon
643
Vornado Realty Trust
VNO
$7.31B
$1.82M 0.01%
40,110
+42
+0.1% +$1.84K
FAF icon
644
First American
FAF
$7.37B
$1.81M 0.01%
27,864
+94
+0.3% +$6.69K
SNV
645
DELISTED
Synovus
SNV
$1.8M 0.01%
36,804
-101
-0.3% -$5.11K
SF
646
Stifel
SF
$12.8B
$1.8M 0.01%
39,731
+197
+0.5% +$9.46K
PDCE
647
DELISTED
PDC Energy, Inc.
PDCE
$1.8M 0.01%
+24,720
New +$1.53M
EHC icon
648
Encompass Health
EHC
$12.5B
$1.79M 0.01%
31,733
+21
+0.1% +$1.1K
LITE icon
649
Lumentum
LITE
$62.2B
$1.79M 0.01%
18,328
-6
-0% -$587
CACI icon
650
CACI
CACI
$14.5B
$1.78M 0.01%
5,921
+38
+0.6% +$10.5K
24 25
26
27 28

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.