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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
TNL icon
751
Travel + Leisure Co
TNL
$4.5B
$1.27M 0.01%
21,907
-6
-0% -$338
HXL icon
752
Hexcel
HXL
$7.63B
$1.27M 0.01%
21,297
-3
-0% -$165
KRG icon
753
Kite Realty
KRG
$5.29B
$1.27M 0.01%
55,595
+95
+0.2% +$2.07K
SMG icon
754
ScottsMiracle-Gro
SMG
$3.63B
$1.27M 0.01%
10,300
+16
+0.2% +$2.24K
FLG
755
Flagstar Bank National Association
FLG
$5.84B
$1.26M 0.01%
39,348
+63
+0.2% +$2.21K
TGNA
756
DELISTED
TEGNA Inc
TGNA
$1.26M 0.01%
56,171
+105
+0.2% +$2.21K
MIME
757
DELISTED
Mimecast Limited
MIME
$1.26M 0.01%
15,805
+205
+1% +$16.3K
CHX
758
DELISTED
ChampionX
CHX
$1.26M 0.01%
51,295
+130
+0.3% +$3.01K
ON icon
759
ON Semiconductor
ON
$31.1B
$1.25M 0.01%
20,036
– –
BKH icon
760
Black Hills Corp
BKH
$5.62B
$1.25M 0.01%
16,200
+2
+0% +$139
KNSL icon
761
Kinsale Capital Group
KNSL
$8.4B
$1.24M 0.01%
5,445
+45
+0.8% +$9.39K
CRUS icon
762
Cirrus Logic
CRUS
$6.11B
$1.23M 0.01%
14,541
+17
+0.1% +$1.46K
ARWR icon
763
Arrowhead Research
ARWR
$12.5B
$1.23M 0.01%
26,770
+342
+1% +$16.9K
MSA icon
764
Mine Safety
MSA
$7.45B
$1.23M 0.01%
9,255
+25
+0.3% +$3.45K
ONB icon
765
Old National Bancorp
ONB
$10.1B
$1.23M 0.01%
+74,942
New +$1.36M
HIW icon
766
Highwoods Properties
HIW
$3.41B
$1.22M 0.01%
26,626
+225
+0.9% +$9.95K
SAIL
767
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
$1.21M 0.01%
23,674
+74
+0.3% +$3.17K
JBLU icon
768
JetBlue
JBLU
$2.13B
$1.21M 0.01%
80,731
+181
+0.2% +$2.62K
QLYS icon
769
Qualys
QLYS
$6.43B
$1.21M 0.01%
8,476
-24
-0.3% -$3.06K
UBSI icon
770
United Bankshares
UBSI
$6.58B
$1.21M 0.01%
34,613
+118
+0.3% +$4.29K
SSD icon
771
Simpson Manufacturing
SSD
$8.03B
$1.2M 0.01%
11,027
+27
+0.2% +$3.2K
HELE icon
772
Helen of Troy
HELE
$680M
$1.2M 0.01%
6,127
+44
+0.7% +$9.27K
OGS icon
773
ONE Gas
OGS
$4.96B
$1.2M 0.01%
13,604
-3
-0% -$242
MEDP icon
774
Medpace
MEDP
$16.8B
$1.19M 0.01%
7,299
-1
-0% -$165
IART icon
775
Integra LifeSciences
IART
$1.33B
$1.19M 0.01%
18,490
+24
+0.1% +$1.58K
29 30
31
32 33

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.