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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
PVH icon
726
PVH
PVH
$4.02B
$1.35M 0.01%
17,654
-202
-1% -$18.7K
THG icon
727
Hanover Insurance
THG
$7.86B
$1.35M 0.01%
9,032
-27
-0.3% -$3.78K
VYX icon
728
NCR Voyix
VYX
$1.09B
$1.35M 0.01%
54,618
+127
+0.2% +$3.12K
CCMP
729
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$1.34M 0.01%
7,254
+92
+1% +$17K
WTFC icon
730
Wintrust Financial
WTFC
$10.7B
$1.34M 0.01%
14,463
+34
+0.2% +$3.31K
TOL icon
731
Toll Brothers
TOL
$14B
$1.34M 0.01%
28,526
-501
-2% -$28.1K
YETI icon
732
Yeti Holdings
YETI
$3.99B
$1.33M 0.01%
22,247
+47
+0.2% +$3.04K
SAIC icon
733
Saic
SAIC
$5.3B
$1.33M 0.01%
14,455
-102
-0.7% -$8.8K
RL icon
734
Ralph Lauren
RL
$24.2B
$1.32M 0.01%
11,680
-636
-5% -$74.9K
ASH icon
735
Ashland
ASH
$3.45B
$1.32M 0.01%
13,439
-833
-6% -$80.1K
HBI
736
DELISTED
Hanesbrands
HBI
$1.32M 0.01%
88,587
+87
+0.1% +$1.37K
OZK icon
737
Bank OZK
OZK
$5.63B
$1.31M 0.01%
30,712
+85
+0.3% +$3.96K
PACW
738
DELISTED
PacWest Bancorp
PACW
$1.31M 0.01%
30,349
+617
+2% +$29.1K
IAA
739
DELISTED
IAA, Inc. Common Stock
IAA
$1.31M 0.01%
34,230
+30
+0.1% +$1.23K
NSA
740
DELISTED
National Storage Affiliates Trust
NSA
$1.3M 0.01%
20,801
+1
+0% +$62
PRGO icon
741
Perrigo
PRGO
$1.75B
$1.3M 0.01%
33,958
+58
+0.2% +$2.21K
SWX icon
742
Southwest Gas
SWX
$6.56B
$1.3M 0.01%
16,629
+1,284
+8% +$90K
MTZ icon
743
MasTec
MTZ
$21.5B
$1.3M 0.01%
14,939
+426
+3% +$37.2K
SLM icon
744
SLM Corp
SLM
$5.14B
$1.3M 0.01%
70,799
-3,522
-5% -$66.6K
FLO icon
745
Flowers Foods
FLO
$1.51B
$1.3M 0.01%
50,442
+109
+0.2% +$2.97K
MAN icon
746
ManpowerGroup
MAN
$2.63B
$1.29M 0.01%
13,763
+14
+0.1% +$1.43K
EXP icon
747
Eagle Materials
EXP
$6.47B
$1.29M 0.01%
10,029
-274
-3% -$38.9K
VMI icon
748
Valmont Industries
VMI
$9.5B
$1.29M 0.01%
5,388
-6
-0.1% -$1.36K
CMC icon
749
Commercial Metals
CMC
$8.1B
$1.28M 0.01%
30,837
+299
+1% +$11.2K
CC icon
750
Chemours
CC
$2.2B
$1.28M 0.01%
40,579
-741
-2% -$23.2K
28 29
30
31 32

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.