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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
PNFP icon
651
Pinnacle Financial Partners Inc
PNFP
$16B
$1.78M 0.01%
19,327
+67
+0.3% +$6.62K
PENN icon
652
PENN Entertainment
PENN
$2.57B
$1.78M 0.01%
41,908
+108
+0.3% +$4.94K
RNR icon
653
RenaissanceRe
RNR
$13.2B
$1.77M 0.01%
11,165
-528
-5% -$82K
GNTX icon
654
Gentex
GNTX
$5.04B
$1.75M 0.01%
60,040
+144
+0.2% +$4.48K
EEFT icon
655
Euronet Worldwide
EEFT
$2.66B
$1.75M 0.01%
+13,417
New +$1.7M
COHR
656
DELISTED
Coherent Inc
COHR
$1.72M 0.01%
6,288
+105
+2% +$27.5K
VAC icon
657
Marriott Vacations Worldwide
VAC
$3.99B
$1.71M 0.01%
10,813
-12
-0.1% -$1.93K
OSK icon
658
Oshkosh
OSK
$9.71B
$1.7M 0.01%
16,908
-468
-3% -$52.6K
AYI icon
659
Acuity Brands
AYI
$10.8B
$1.68M 0.01%
8,894
+80
+0.9% +$15.4K
BRKR icon
660
Bruker
BRKR
$8.59B
$1.66M 0.01%
25,793
+93
+0.4% +$6.36K
UNM icon
661
Unum
UNM
$14.4B
$1.64M 0.01%
51,900
+100
+0.2% +$2.79K
ITT icon
662
ITT
ITT
$19.3B
$1.63M 0.01%
21,729
+48
+0.2% +$4.24K
SAIA icon
663
Saia
SAIA
$9.45B
$1.63M 0.01%
6,686
-14
-0.2% -$3.88K
DCI icon
664
Donaldson
DCI
$11.2B
$1.63M 0.01%
31,358
+37
+0.1% +$2.01K
PB icon
665
Prosperity Bancshares
PB
$8.81B
$1.62M 0.01%
23,397
+43
+0.2% +$3.17K
JEF icon
666
Jefferies Financial Group
JEF
$12.8B
$1.61M 0.01%
51,375
-727
-1% -$24.7K
DKS icon
667
Dick's Sporting Goods
DKS
$18.5B
$1.6M 0.01%
15,970
-427
-3% -$47K
RUN icon
668
Sunrun
RUN
$2.43B
$1.6M 0.01%
52,547
+47
+0.1% +$1.31K
NFG icon
669
National Fuel Gas
NFG
$7.74B
$1.59M 0.01%
23,212
+146
+0.6% +$9.24K
BC icon
670
Brunswick
BC
$5.24B
$1.58M 0.01%
19,570
+57
+0.3% +$5.26K
AZTA icon
671
Azenta
AZTA
$1.54B
$1.58M 0.01%
19,017
+217
+1% +$18.6K
SON icon
672
Sonoco
SON
$5.71B
$1.56M 0.01%
24,951
+17
+0.1% +$984
LFUS icon
673
Littelfuse
LFUS
$11.8B
$1.56M 0.01%
6,253
-35
-0.6% -$9.29K
WBD icon
674
Warner Bros
WBD
$68.1B
$1.55M 0.01%
62,025
+240
+0.4% +$6.58K
EFOR
675
Everforth Inc
EFOR
$1.33B
$1.54M 0.01%
13,221
-24
-0.2% -$2.72K
25 26
27
28 29

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.