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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
FFIN icon
701
First Financial Bankshares
FFIN
$4.93B
$1.44M 0.01%
32,563
+105
+0.3% +$5.02K
VVV icon
702
Valvoline
VVV
$4.3B
$1.44M 0.01%
45,515
-317
-0.7% -$10.4K
HQY icon
703
HealthEquity
HQY
$8.93B
$1.43M 0.01%
21,222
+56
+0.3% +$3.02K
AMED
704
DELISTED
Amedisys
AMED
$1.43M 0.01%
8,275
+24
+0.3% +$3.59K
HALO icon
705
Halozyme
HALO
$11.6B
$1.43M 0.01%
35,738
+38
+0.1% +$1.35K
CLH icon
706
Clean Harbors
CLH
$16.4B
$1.42M 0.01%
12,707
+51
+0.4% +$5.04K
SKX
707
DELISTED
Skechers
SKX
$1.4M 0.01%
34,244
+80
+0.2% +$3.42K
UNVR
708
DELISTED
Univar Solutions Inc.
UNVR
$1.4M 0.01%
43,397
+97
+0.2% +$2.86K
VLY icon
709
Valley National Bancorp
VLY
$8.1B
$1.39M 0.01%
106,981
+3,828
+4% +$53.4K
POWI icon
710
Power Integrations
POWI
$3.46B
$1.39M 0.01%
15,018
-282
-2% -$24.6K
LPX icon
711
Louisiana-Pacific
LPX
$5.2B
$1.39M 0.01%
22,358
+16
+0.1% +$1.1K
GBCI icon
712
Glacier Bancorp
GBCI
$6.35B
$1.39M 0.01%
27,536
+36
+0.1% +$1.95K
MDU icon
713
MDU Resources
MDU
$4.29B
$1.38M 0.01%
135,755
+295
+0.2% +$3.12K
SRCL
714
DELISTED
Stericycle Inc
SRCL
$1.37M 0.01%
23,319
+73
+0.3% +$4.23K
ENOV icon
715
Enovis
ENOV
$1.4B
$1.37M 0.01%
20,049
+236
+1% +$16.8K
CXT icon
716
Crane NXT
CXT
$2.96B
$1.37M 0.01%
36,483
-46
-0.1% -$1.66K
PRI icon
717
Primerica
PRI
$9.65B
$1.37M 0.01%
10,019
+16
+0.2% +$2.27K
BYD icon
718
Boyd Gaming
BYD
$5.92B
$1.37M 0.01%
20,824
+6
+0% +$390
FCN icon
719
FTI Consulting
FCN
$4.17B
$1.37M 0.01%
8,704
-21
-0.2% -$3.13K
SIGI icon
720
Selective Insurance
SIGI
$5.66B
$1.37M 0.01%
15,281
+62
+0.4% +$5.04K
SGI
721
Somnigroup International
SGI
$13.6B
$1.36M 0.01%
48,838
+10
+0% +$368
NATI
722
DELISTED
National Instruments Corp
NATI
$1.36M 0.01%
33,478
+65
+0.2% +$2.62K
TDC icon
723
Teradata
TDC
$2.58B
$1.36M 0.01%
27,542
+78
+0.3% +$3.58K
LHCG
724
DELISTED
LHC Group LLC
LHCG
$1.36M 0.01%
8,040
-16
-0.2% -$2.14K
IRDM icon
725
Iridium Communications
IRDM
$5.23B
$1.35M 0.01%
33,559
+59
+0.2% +$2.22K
27 28
29
30 31

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.