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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
FLS icon
776
Flowserve
FLS
$10.1B
$1.19M 0.01%
33,068
+68
+0.2% +$2.22K
ZD icon
777
Ziff Davis
ZD
$2B
$1.19M 0.01%
12,240
+63
+0.5% +$6.46K
CHH icon
778
Choice Hotels
CHH
$4.62B
$1.18M 0.01%
8,332
-14
-0.2% -$2.02K
LEG icon
779
Leggett & Platt
LEG
$1.29B
$1.18M 0.01%
33,848
+48
+0.1% +$1.84K
MMS icon
780
Maximus
MMS
$2.9B
$1.18M 0.01%
15,718
+126
+0.8% +$9.64K
HE icon
781
Hawaiian Electric Industries
HE
$2.02B
$1.17M 0.01%
27,748
+23
+0.1% +$958
PK icon
782
Park Hotels & Resorts
PK
$2.92B
$1.17M 0.01%
60,029
+64
+0.1% +$1.2K
MUSA icon
783
Murphy USA
MUSA
$10.2B
$1.17M 0.01%
5,824
-163
-3% -$30.6K
ESNT icon
784
Essent Group
ESNT
$6.23B
$1.16M 0.01%
28,033
+33
+0.1% +$1.47K
HWC icon
785
Hancock Whitney
HWC
$6.23B
$1.15M 0.01%
22,040
+54
+0.2% +$2.91K
CROX icon
786
Crocs
CROX
$6.63B
$1.14M 0.01%
14,938
+38
+0.3% +$3.59K
SMTC icon
787
Semtech
SMTC
$12.2B
$1.13M 0.01%
16,357
+70
+0.4% +$5.02K
ICUI icon
788
ICU Medical
ICUI
$4.56B
$1.13M 0.01%
5,061
+52
+1% +$11.6K
RLI icon
789
RLI Corp
RLI
$5.83B
$1.12M 0.01%
20,232
+14
+0.1% +$738
NJR icon
790
New Jersey Resources
NJR
$5.45B
$1.12M 0.01%
24,385
-64
-0.3% -$2.67K
AVNT icon
791
Avient
AVNT
$4.19B
$1.11M 0.01%
23,224
+43
+0.2% +$2.22K
GATX icon
792
GATX Corp
GATX
$6.23B
$1.11M 0.01%
9,012
-8
-0.1% -$875
THO icon
793
Thor Industries
THO
$4.14B
$1.11M 0.01%
14,118
+83
+0.6% +$7.63K
LIVN icon
794
LivaNova
LIVN
$4.21B
$1.11M 0.01%
13,511
+45
+0.3% +$3.5K
EVR icon
795
Evercore
EVR
$11.5B
$1.1M 0.01%
9,905
-9
-0.1% -$1.11K
KEX icon
796
Kirby Corp
KEX
$7B
$1.1M 0.01%
15,259
+46
+0.3% +$3.07K
MTG icon
797
MGIC Investment
MTG
$6.21B
$1.1M 0.01%
81,317
-1,183
-1% -$17.7K
VNT icon
798
Vontier
VNT
$4.63B
$1.09M 0.01%
42,915
+115
+0.3% +$3.04K
HRB icon
799
H&R Block
HRB
$5.82B
$1.09M 0.01%
41,768
-2,732
-6% -$66.3K
SNX icon
800
TD Synnex
SNX
$20.3B
$1.09M 0.01%
10,521
+14
+0.1% +$1.49K
30 31
32
33 34

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.