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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
SLGN icon
826
Silgan Holdings
SLGN
$4.35B
$985K 0.01%
21,300
+4
+0% +$173
WEN icon
827
Wendy's
WEN
$1.39B
$984K 0.01%
44,785
+17
+0% +$383
CBT icon
828
Cabot Corp
CBT
$4.46B
$983K 0.01%
14,365
-44
-0.3% -$2.9K
ADNT icon
829
Adient
ADNT
$1.44B
$981K 0.01%
24,056
+170
+0.7% +$7.3K
APPS icon
830
Digital Turbine
APPS
$1.74B
$981K 0.01%
22,398
+98
+0.4% +$4.42K
DOC
831
DELISTED
PHYSICIANS REALTY TRUST
DOC
$981K 0.01%
55,920
+53
+0.1% +$931
LOPE icon
832
Grand Canyon Education
LOPE
$3.82B
$977K 0.01%
10,059
-113
-1% -$9.9K
WTS icon
833
Watts Water Technologies
WTS
$12.8B
$976K 0.01%
+6,995
New +$1.1M
STAA icon
834
STAAR Surgical
STAA
$1.25B
$966K 0.01%
12,084
-16
-0.1% -$1.19K
SR icon
835
Spire
SR
$4.79B
$943K 0.01%
13,136
+80
+0.6% +$5.3K
SITM icon
836
SiTime
SITM
$20.7B
$942K 0.01%
3,800
– –
ACIW icon
837
ACI Worldwide
ACIW
$5.34B
$940K 0.01%
29,843
+45
+0.2% +$1.5K
SABR icon
838
Sabre
SABR
$835M
$938K 0.01%
82,104
+1,303
+2% +$12.8K
MRCY icon
839
Mercury Systems
MRCY
$6.52B
$928K 0.01%
14,406
+71
+0.5% +$4.22K
SAM icon
840
Boston Beer
SAM
$1.86B
$926K 0.01%
2,383
+31
+1% +$12.9K
PCH
841
DELISTED
PotlatchDeltic
PCH
$924K 0.01%
17,531
+538
+3% +$29.4K
VSAT icon
842
Viasat
VSAT
$11.7B
$922K 0.01%
18,884
+260
+1% +$12K
SFM icon
843
Sprouts Farmers Market
SFM
$7.96B
$911K 0.01%
28,496
+53
+0.2% +$1.59K
NSP icon
844
Insperity
NSP
$1.96B
$909K 0.01%
9,050
+25
+0.3% +$2.49K
PGNY icon
845
Progyny
PGNY
$2.18B
$909K 0.01%
17,679
+79
+0.4% +$3.38K
RCM
846
DELISTED
R1 RCM Inc. Common Stock
RCM
$907K 0.01%
33,901
+101
+0.3% +$2.48K
AM icon
847
Antero Midstream
AM
$10.4B
$896K 0.01%
82,425
+135
+0.2% +$1.37K
SXT icon
848
Sensient Technologies
SXT
$5.51B
$896K 0.01%
10,668
– –
ALE
849
DELISTED
Allete
ALE
$894K 0.01%
13,346
-4
-0% -$257
WING icon
850
Wingstop
WING
$3.2B
$889K 0.01%
7,572
-28
-0.4% -$3.97K
32 33
34
35 36

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.