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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
HOG icon
676
Harley-Davidson
HOG
$2.72B
$1.54M 0.01%
39,061
+61
+0.2% +$2.35K
EME icon
677
Emcor
EME
$35.7B
$1.53M 0.01%
13,548
+13
+0.1% +$1.53K
PII icon
678
Polaris
PII
$3.97B
$1.52M 0.01%
14,479
+55
+0.4% +$6.27K
CUZ icon
679
Cousins Properties
CUZ
$4.83B
$1.52M 0.01%
37,744
+19
+0.1% +$749
RYN icon
680
Rayonier
RYN
$6.52B
$1.52M 0.01%
40,664
+713
+2% +$25.3K
BLD
681
DELISTED
TopBuild
BLD
$1.52M 0.01%
8,357
+57
+0.7% +$12.8K
GTLS
682
DELISTED
Chart Industries
GTLS
$1.51M 0.01%
+8,800
New +$1.24M
JHG
683
DELISTED
Janus Henderson
JHG
$1.5M 0.01%
42,913
-287
-0.7% -$10.3K
ACHC icon
684
Acadia Healthcare
ACHC
$2.96B
$1.5M 0.01%
22,830
+49
+0.2% +$2.85K
CW icon
685
Curtiss-Wright
CW
$25.6B
$1.5M 0.01%
9,961
+63
+0.6% +$8.96K
SRC
686
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.49M 0.01%
32,416
+1,193
+4% +$55.6K
DEI icon
687
Douglas Emmett
DEI
$1.93B
$1.49M 0.01%
44,546
+31
+0.1% +$1.02K
MUR icon
688
Murphy Oil
MUR
$5.09B
$1.49M 0.01%
36,847
+52
+0.1% +$1.78K
NVT icon
689
nVent Electric
NVT
$26.3B
$1.49M 0.01%
42,706
+41
+0.1% +$1.43K
GMED icon
690
Globus Medical
GMED
$11.6B
$1.48M 0.01%
20,061
+22
+0.1% +$1.53K
TXRH icon
691
Texas Roadhouse
TXRH
$13.6B
$1.48M 0.01%
17,678
-14
-0.1% -$1.2K
IDA icon
692
Idacorp
IDA
$8.08B
$1.48M 0.01%
12,820
-21
-0.2% -$2.29K
INGR icon
693
Ingredion
INGR
$6.53B
$1.47M 0.01%
16,888
+6
+0% +$543
IBKR icon
694
Interactive Brokers
IBKR
$41.1B
$1.46M 0.01%
88,716
+180
+0.2% +$3.1K
SLAB icon
695
Silicon Laboratories
SLAB
$7.2B
$1.46M 0.01%
9,697
-501
-5% -$80.1K
AMG icon
696
Affiliated Managers Group
AMG
$9.6B
$1.45M 0.01%
10,319
+53
+0.5% +$7.62K
LSTR icon
697
Landstar System
LSTR
$6.05B
$1.44M 0.01%
9,570
-39
-0.4% -$6.2K
CDK
698
DELISTED
CDK Global, Inc.
CDK
$1.44M 0.01%
29,634
-393
-1% -$17.6K
RH icon
699
RH
RH
$3.47B
$1.44M 0.01%
4,415
-5
-0.1% -$2K
LNW
700
DELISTED
Light & Wonder
LNW
$1.44M 0.01%
24,499
+54
+0.2% +$3.27K
26 27
28
29 30

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.