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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
QCOM icon
51
Qualcomm
QCOM
$172B
$55.6M 0.32%
363,566
+58,492
+19% +$9.81M
CMCSA icon
52
Comcast
CMCSA
$88.5B
$53.4M 0.31%
1,141,489
-6,457
-0.6% -$311K
NKE icon
53
Nike
NKE
$62B
$53.4M 0.31%
396,915
+363
+0.1% +$51K
FTNT icon
54
Fortinet
FTNT
$121B
$53.1M 0.31%
777,350
+545
+0.1% +$33.9K
WMT icon
55
Walmart Inc
WMT
$885B
$53.1M 0.31%
1,070,220
-4,053
-0.4% -$190K
ABT icon
56
Abbott
ABT
$188B
$52.8M 0.31%
446,057
+838
+0.2% +$104K
CMG icon
57
Chipotle Mexican Grill
CMG
$41.1B
$52.4M 0.3%
1,654,900
+148,650
+10% +$4.48M
MRK icon
58
Merck
MRK
$321B
$52.3M 0.3%
636,990
+1,073
+0.2% +$84.6K
WFC icon
59
Wells Fargo
WFC
$265B
$52.2M 0.3%
1,076,449
-23,719
-2% -$1.27M
KEYS icon
60
Keysight
KEYS
$58.1B
$48.8M 0.28%
309,231
-171
-0.1% -$28.5K
DHR icon
61
Danaher
DHR
$145B
$47.1M 0.27%
181,096
+460
+0.3% +$115K
MCD icon
62
McDonald's
MCD
$194B
$46.6M 0.27%
188,415
+252
+0.1% +$62.8K
TXN icon
63
Texas Instruments
TXN
$257B
$46.6M 0.27%
253,765
+432
+0.2% +$76.2K
SYK icon
64
Stryker
SYK
$131B
$44M 0.25%
164,699
-19,828
-11% -$5.13M
UNP icon
65
Union Pacific
UNP
$174B
$43.9M 0.25%
160,545
-1,303
-0.8% -$329K
RTX icon
66
RTX Corp
RTX
$304B
$42.9M 0.25%
433,032
-442
-0.1% -$41.9K
TDG icon
67
TransDigm Group
TDG
$67.9B
$42.9M 0.25%
65,792
+52,616
+399% +$33.8M
EPAM icon
68
EPAM Systems
EPAM
$4.98B
$42.8M 0.25%
144,227
+27
+0% +$10.6K
GS icon
69
Goldman Sachs
GS
$303B
$42.1M 0.24%
127,473
+32,184
+34% +$11.4M
NFLX icon
70
Netflix
NFLX
$312B
$42M 0.24%
1,121,490
+6,420
+0.6% +$267K
NEE icon
71
NextEra Energy
NEE
$176B
$41.9M 0.24%
494,998
+1,038
+0.2% +$83.2K
ZTS icon
72
Zoetis
ZTS
$30.3B
$41.4M 0.24%
219,364
+222
+0.1% +$43.9K
LIN icon
73
Linde
LIN
$225B
$41.3M 0.24%
129,304
-10,860
-8% -$3.36M
ALGN icon
74
Align Technology
ALGN
$12.4B
$39.9M 0.23%
91,536
-20,962
-19% -$10.2M
UPS icon
75
United Parcel Service
UPS
$88.6B
$39.4M 0.23%
183,914
+295
+0.2% +$62.7K
1 2
3
4 5

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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 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

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.