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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
IBOC icon
926
International Bancshares
IBOC
$4.53B
$570K ﹤0.01%
13,512
-17
-0.1% -$730
TPH
927
DELISTED
Tri Pointe Homes
TPH
$566K ﹤0.01%
28,212
+75
+0.3% +$1.74K
NEU icon
928
NewMarket
NEU
$8.37B
$563K ﹤0.01%
1,737
-31
-2% -$10.2K
MTX icon
929
Minerals Technologies
MTX
$2.32B
$559K ﹤0.01%
8,451
+36
+0.4% +$2.49K
AMKR icon
930
Amkor Technology
AMKR
$13.1B
$553K ﹤0.01%
25,449
+49
+0.2% +$1.11K
WAFD icon
931
WaFd
WAFD
$2.76B
$543K ﹤0.01%
16,557
+5
+0% +$175
EQH icon
932
Equitable Holdings
EQH
$14.4B
$540K ﹤0.01%
17,486
– –
ENR icon
933
Energizer
ENR
$1.5B
$512K ﹤0.01%
16,639
+703
+4% +$24.4K
GEF icon
934
Greif
GEF
$4.97B
$438K ﹤0.01%
6,739
+61
+0.9% +$3.64K
WOR icon
935
Worthington Enterprises
WOR
$2.79B
$425K ﹤0.01%
13,420
+115
+0.9% +$3.97K
URBN icon
936
Urban Outfitters
URBN
$6.81B
$418K ﹤0.01%
16,648
-18
-0.1% -$492
PRG icon
937
PROG Holdings
PRG
$1.68B
$414K ﹤0.01%
14,397
+10
+0.1% +$353
VICR icon
938
Vicor
VICR
$9.63B
$384K ﹤0.01%
5,444
+44
+0.8% +$3.95K
NLY icon
939
Annaly Capital Management
NLY
$17.3B
$382K ﹤0.01%
13,581
– –
MCY icon
940
Mercury Insurance
MCY
$5.92B
$371K ﹤0.01%
6,747
-20
-0.3% -$1.08K
LBTYA icon
941
Liberty Global Class A
LBTYA
$3.46B
$361K ﹤0.01%
14,138
– –
VICI icon
942
VICI Properties
VICI
$28.7B
$313K ﹤0.01%
11,012
– –
AGNC icon
943
AGNC Investment
AGNC
$12.8B
$312K ﹤0.01%
23,824
– –
PPC icon
944
Pilgrim's Pride
PPC
$6.31B
$311K ﹤0.01%
12,371
+21
+0.2% +$545
ABNB icon
945
Airbnb
ABNB
$111B
$266K ﹤0.01%
+1,551
New +$247K
ST icon
946
Sensata Technologies
ST
$6.66B
$260K ﹤0.01%
5,120
– –
ERIE icon
947
Erie Indemnity
ERIE
$13.2B
$252K ﹤0.01%
1,432
– –
UHAL icon
948
U-Haul Holding Co
UHAL
$14.4B
$242K ﹤0.01%
4,060
– –
AFRM icon
949
Affirm
AFRM
$25.3B
– –
-44,036
Closed -$4.43M
BBWI icon
950
Bath & Body Works
BBWI
$3.89B
– –
-66,523
Closed -$4.64M
36 37
38
39 40

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.