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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
COLM icon
876
Columbia Sportswear
COLM
$2.92B
$794K ﹤0.01%
8,774
+18
+0.2% +$1.67K
SSNC icon
877
SS&C Technologies
SSNC
$18.7B
$793K ﹤0.01%
10,570
– –
COTY icon
878
Coty
COTY
$2.51B
$785K ﹤0.01%
87,298
+2,298
+3% +$20.5K
ENS icon
879
EnerSys
ENS
$6.79B
$781K ﹤0.01%
10,472
-126
-1% -$9.41K
VC icon
880
Visteon
VC
$2.8B
$776K ﹤0.01%
7,107
+45
+0.6% +$4.9K
CNO icon
881
CNO Financial Group
CNO
$5.12B
$767K ﹤0.01%
30,551
-728
-2% -$18.1K
JWN
882
DELISTED
Nordstrom
JWN
$767K ﹤0.01%
28,308
+108
+0.4% +$2.53K
GAP
883
The Gap Inc
GAP
$7.74B
$761K ﹤0.01%
54,030
+97
+0.2% +$1.55K
CVLT icon
884
Commault Systems
CVLT
$5.78B
$751K ﹤0.01%
11,312
-191
-2% -$12.6K
MZTI
885
The Marzetti Company
MZTI
$3.13B
$751K ﹤0.01%
5,032
+3
+0.1% +$479
NUVA
886
DELISTED
NuVasive, Inc.
NUVA
$745K ﹤0.01%
13,133
+183
+1% +$9.72K
DELL icon
887
Dell
DELL
$296B
$741K ﹤0.01%
14,758
– –
PCG icon
888
PG&E
PCG
$37.5B
$737K ﹤0.01%
61,760
– –
TCBI icon
889
Texas Capital Bancshares
TCBI
$4.32B
$737K ﹤0.01%
12,852
-9
-0.1% -$575
DY icon
890
Dycom Industries
DY
$12B
$730K ﹤0.01%
7,661
+20
+0.3% +$1.83K
GO icon
891
Grocery Outlet
GO
$972M
$727K ﹤0.01%
22,180
+80
+0.4% +$2.23K
FNF icon
892
Fidelity National Financial
FNF
$12.9B
$722K ﹤0.01%
15,367
– –
TRN icon
893
Trinity Industries
TRN
$2.3B
$713K ﹤0.01%
20,762
+35
+0.2% +$1.08K
PDCO
894
DELISTED
Patterson Companies, Inc.
PDCO
$713K ﹤0.01%
22,026
+35
+0.2% +$1.04K
BFH icon
895
Bread Financial
BFH
$4.38B
$711K ﹤0.01%
12,657
+37
+0.3% +$2.42K
CBRL icon
896
Cracker Barrel
CBRL
$1.25B
$709K ﹤0.01%
5,972
-16
-0.3% -$1.98K
KBH icon
897
KB Home
KBH
$3.47B
$704K ﹤0.01%
21,738
+41
+0.2% +$1.61K
CALY
898
Callaway Golf Company
CALY
$3.04B
$697K ﹤0.01%
29,748
+48
+0.2% +$1.16K
WWE
899
DELISTED
World Wrestling Entertainment
WWE
$694K ﹤0.01%
11,110
-267
-2% -$14.7K
NWS icon
900
News Corp Class B
NWS
$17.6B
$688K ﹤0.01%
30,545
-99
-0.3% -$2.21K
34 35
36
37 38

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.