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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
QDEL icon
801
QuidelOrtho
QDEL
$938M
$1.08M 0.01%
9,627
+27
+0.3% +$2.88K
R icon
802
Ryder
R
$9.98B
$1.08M 0.01%
13,630
-15
-0.1% -$1.17K
FNB icon
803
FNB Corp
FNB
$6.75B
$1.07M 0.01%
86,251
+5,394
+7% +$71K
HPP
804
Hudson Pacific Properties
HPP
$740M
$1.07M 0.01%
5,529
+6
+0.1% +$1.08K
CNX icon
805
CNX Resources
CNX
$5.32B
$1.06M 0.01%
51,402
-2,086
-4% -$34.7K
TKR icon
806
Timken Company
TKR
$8.77B
$1.06M 0.01%
17,523
+47
+0.3% +$3.12K
UMBF icon
807
UMB Financial
UMBF
$11.1B
$1.06M 0.01%
10,941
+43
+0.4% +$4.39K
FOXF icon
808
Fox Factory Holding Corp
FOXF
$882M
$1.05M 0.01%
10,689
-11
-0.1% -$1.36K
EPR icon
809
EPR Properties
EPR
$4.63B
$1.04M 0.01%
18,989
+60
+0.3% +$2.91K
TXNM
810
TXNM Energy Inc
TXNM
$5.91B
$1.04M 0.01%
21,789
+32
+0.1% +$1.46K
LBTYK icon
811
Liberty Global Class C
LBTYK
$3.41B
$1.04M 0.01%
40,050
– –
UMPQ
812
DELISTED
Umpqua Holdings Corp
UMPQ
$1.04M 0.01%
54,990
+135
+0.2% +$2.77K
ENV
813
DELISTED
ENVESTNET, INC.
ENV
$1.03M 0.01%
13,871
+71
+0.5% +$5.2K
FLR icon
814
Fluor
FLR
$7.3B
$1.03M 0.01%
35,897
+112
+0.3% +$2.7K
HR
815
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.03M 0.01%
37,453
+89
+0.2% +$2.62K
BHF icon
816
Brighthouse Financial
BHF
$3.46B
$1.02M 0.01%
19,768
-497
-2% -$26.5K
MSM icon
817
MSC Industrial Direct
MSM
$6.87B
$1.02M 0.01%
11,965
+77
+0.6% +$6.24K
AVT icon
818
Avnet
AVT
$7.99B
$1.02M 0.01%
25,105
-58
-0.2% -$2.39K
GT icon
819
Goodyear
GT
$1.74B
$1.02M 0.01%
71,326
+113
+0.2% +$2.01K
AN icon
820
AutoNation
AN
$6.88B
$1.01M 0.01%
10,148
+29
+0.3% +$3.21K
SAFM
821
DELISTED
Sanderson Farms Inc
SAFM
$1.01M 0.01%
5,386
-23
-0.4% -$4.21K
OPCH icon
822
Option Care Health
OPCH
$3.67B
$1M 0.01%
35,159
+59
+0.2% +$1.48K
POST icon
823
Post Holdings
POST
$3.45B
$1M 0.01%
14,447
-8,148
-36% -$570K
IPGP icon
824
IPG Photonics
IPGP
$3.61B
$989K 0.01%
9,012
+29
+0.3% +$3.99K
CRI icon
825
Carter's
CRI
$1.48B
$987K 0.01%
10,729
+36
+0.3% +$3.38K
31 32
33
34 35

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.