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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
TRIP icon
901
TripAdvisor
TRIP
$1.26B
$682K ﹤0.01%
25,143
+42
+0.2% +$1.12K
FULT icon
902
Fulton Financial
FULT
$4.6B
$681K ﹤0.01%
40,946
+26
+0.1% +$465
BLKB icon
903
Blackbaud
BLKB
$2.09B
$679K ﹤0.01%
11,348
+876
+8% +$57.1K
NVTA
904
DELISTED
Invitae Corporation
NVTA
$677K ﹤0.01%
84,939
– –
NAVI icon
905
Navient
NAVI
$796M
$666K ﹤0.01%
39,071
-1,723
-4% -$31.6K
MLKN icon
906
MillerKnoll
MLKN
$1.64B
$665K ﹤0.01%
19,228
-21
-0.1% -$774
VSH icon
907
Vishay Intertechnology
VSH
$5.08B
$660K ﹤0.01%
33,688
+62
+0.2% +$1.25K
FL
908
DELISTED
Foot Locker
FL
$657K ﹤0.01%
22,167
-757
-3% -$28.9K
AEO icon
909
American Eagle Outfitters
AEO
$3.07B
$654K ﹤0.01%
38,952
+30
+0.1% +$634
RAMP icon
910
LiveRamp
RAMP
$2.3B
$646K ﹤0.01%
17,285
+3
+0% +$125
DAN icon
911
Dana Inc
DAN
$3.21B
$643K ﹤0.01%
36,613
+92
+0.3% +$1.88K
OLLI icon
912
Ollie's Bargain Outlet
OLLI
$4.8B
$640K ﹤0.01%
14,903
-437
-3% -$19.5K
NGVT icon
913
Ingevity
NGVT
$2.65B
$639K ﹤0.01%
9,973
-30
-0.3% -$2.01K
TEX icon
914
Terex
TEX
$7.58B
$632K ﹤0.01%
17,718
+44
+0.2% +$1.82K
BDC icon
915
Belden
BDC
$5.28B
$631K ﹤0.01%
11,398
-16
-0.1% -$921
XRX icon
916
Xerox
XRX
$427M
$628K ﹤0.01%
31,156
-3,644
-10% -$76.6K
WERN icon
917
Werner Enterprises
WERN
$2.2B
$623K ﹤0.01%
15,198
-265
-2% -$11.7K
GHC icon
918
Graham Holdings Company
GHC
$4.99B
$619K ﹤0.01%
1,012
+28
+3% +$16.8K
VST icon
919
Vistra
VST
$48.2B
$610K ﹤0.01%
26,244
-5,920,000
-100% -$131M
NUS icon
920
Nu Skin
NUS
$250M
$606K ﹤0.01%
12,647
+112
+0.9% +$5.55K
KMT icon
921
Kennametal
KMT
$2.41B
$603K ﹤0.01%
21,093
-74
-0.3% -$2.43K
ALLY icon
922
Ally Financial
ALLY
$13.3B
$598K ﹤0.01%
13,764
– –
CALX icon
923
Calix
CALX
$2.4B
$597K ﹤0.01%
+13,918
New +$704K
YELP icon
924
Yelp
YELP
$1.35B
$594K ﹤0.01%
17,422
+125
+0.7% +$4.29K
WLY icon
925
John Wiley & Sons Class A
WLY
$2.62B
$586K ﹤0.01%
11,052
+59
+0.5% +$3.1K
35 36
37
38 39

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.