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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
DMTK
851
DELISTED
DermTech, Inc. Common Stock
DMTK
$881K 0.01%
60,000
– –
ETRN
852
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$871K 0.01%
103,202
-699,853
-87% -$5.77M
PZZA icon
853
Papa John's
PZZA
$785M
$865K 0.01%
8,215
+21
+0.3% +$2.35K
ASB icon
854
Associated Banc-Corp
ASB
$5.92B
$864K 0.01%
37,978
-53
-0.1% -$1.28K
HOMB icon
855
Home BancShares
HOMB
$6.17B
$864K 0.01%
38,230
+62
+0.2% +$1.47K
SBRA icon
856
Sabra Healthcare REIT
SBRA
$5.28B
$864K 0.01%
58,049
+125
+0.2% +$1.71K
CATY icon
857
Cathay General Bancorp
CATY
$4.23B
$861K 0.01%
19,230
-309
-2% -$14.2K
KMPR icon
858
Kemper
KMPR
$1.55B
$859K 0.01%
15,196
+43
+0.3% +$2.39K
BOH icon
859
Bank of Hawaii
BOH
$3.1B
$858K 0.01%
10,219
-80
-0.8% -$6.91K
PSB
860
DELISTED
PS Business Parks, Inc.
PSB
$858K 0.01%
5,106
-3
-0.1% -$495
SIX
861
DELISTED
Six Flags Entertainment Corp.
SIX
$855K ﹤0.01%
19,644
+15
+0.1% +$632
TMHC
862
DELISTED
Taylor Morrison
TMHC
$849K ﹤0.01%
31,195
+16
+0.1% +$487
BCO icon
863
Brink's
BCO
$4.55B
$848K ﹤0.01%
12,477
+16
+0.1% +$1.09K
JBGS
864
JBG SMITH
JBGS
$653M
$847K ﹤0.01%
28,978
+15
+0.1% +$422
MAC icon
865
Macerich
MAC
$6.9B
$846K ﹤0.01%
54,079
+130
+0.2% +$2.08K
UA icon
866
Under Armour Class C
UA
$2.42B
$845K ﹤0.01%
54,291
+192
+0.4% +$3.01K
NEOG icon
867
Neogen
NEOG
$2.49B
$844K ﹤0.01%
27,353
+153
+0.6% +$5.5K
FHI icon
868
Federated Hermes
FHI
$4.71B
$837K ﹤0.01%
24,576
+27
+0.1% +$919
NWE icon
869
NorthWestern Energy
NWE
$4.38B
$830K ﹤0.01%
13,728
+367
+3% +$21.5K
HAE icon
870
Haemonetics
HAE
$3.94B
$820K ﹤0.01%
12,974
+218
+2% +$11.9K
PEB icon
871
Pebblebrook Hotel Trust
PEB
$2B
$816K ﹤0.01%
33,351
+16
+0% +$367
CDP icon
872
COPT Defense Properties
CDP
$4.14B
$814K ﹤0.01%
28,513
+43
+0.2% +$1.16K
UAA icon
873
Under Armour
UAA
$2.5B
$811K ﹤0.01%
47,646
+188
+0.4% +$3.37K
VMW
874
DELISTED
VMware, Inc
VMW
$808K ﹤0.01%
7,100
– –
HAIN icon
875
Hain Celestial
HAIN
$53.4M
$798K ﹤0.01%
23,184
-329
-1% -$12K
33 34
35
36 37

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.