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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
(-9.4%)
Cap. Flow
-$625M
Cap. Flow
% of AUM
-3.62%
Top 10 Holdings %
Top 10 Hldgs %
37.1%
Holding
987
New
12
Increased
626
Reduced
266
Closed
39
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$326M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$112M |
| 3 |
Gilead Sciences
GILD
|
+$38.4M |
| 4 |
S&P Global
SPGI
|
+$36.4M |
| 5 |
TransDigm Group
TDG
|
+$33.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$325M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$181M |
| 3 |
Simon Property Group
SPG
|
+$156M |
| 4 |
Vistra
VST
|
+$131M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
Dutch Bros
BROS
$8.96B
| – | – |
-180,000
| Closed | -$9.16M |
|
|
CADE
952
DELISTED
Cadence Bank
CADE
| – | – |
-49,644
| Closed | -$1.48M |
|
953
Clarivate
CLVT
$1.21B
| – | – |
-9,882
| Closed | -$232K |
|
954
Compass Minerals
CMP
$1.13B
| – | – |
-8,541
| Closed | -$436K |
|
955
Coinbase
COIN
$39.2B
| – | – |
-4,000
| Closed | -$1.01M |
|
956
Cerence
CRNC
$403M
| – | – |
-9,600
| Closed | -$736K |
|
957
DoorDash
DASH
$90.9B
| – | – |
-4,775
| Closed | -$711K |
|
958
HF Sinclair
DINO
$15.2B
| – | – |
-37,900
| Closed | -$1.24M |
|
959
DraftKings
DKNG
$12B
| – | – |
-92,598
| Closed | -$2.54M |
|
960
DT Midstream
DTM
$13.7B
| – | – |
-24,500
| Closed | -$1.18M |
|
961
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| – | – |
-673,200
| Closed | -$73.4M |
|
962
FirstCash
FCFS
$9.05B
| – | – |
-10,098
| Closed | -$755K |
|
963
FIGS
FIGS
$2.39B
| – | – |
-22,622
| Closed | -$623K |
|
964
Federal Realty Investment Trust
FRT
$10.2B
| – | – |
-17,578
| Closed | -$2.4M |
|
965
GE Aerospace
GE
$380B
| – | – |
-443,726
| Closed | -$26.1M |
|
966
GXO Logistics
GXO
$5.4B
| – | – |
-24,960
| Closed | -$2.27M |
|
967
Jack in the Box
JACK
$340M
| – | – |
-5,388
| Closed | -$471K |
|
968
Kyndryl
KD
$2.97B
| – | – |
-45,400
| Closed | -$822K |
|
969
loanDepot
LDI
$476M
| – | – |
-1,079,586
| Closed | -$5.18M |
|
970
Novavax
NVAX
$1.3B
| – | – |
-1,400
| Closed | -$200K |
|
971
Organon & Co
OGN
$3.58B
| – | – |
-63,801
| Closed | -$1.94M |
|
972
Opendoor
OPEN
$3.38B
| – | – |
-160,880
| Closed | -$2.27M |
|
973
SL Green Realty
SLG
$3.9B
| – | – |
-15,816
| Closed | -$1.17M |
|
974
Snowflake
SNOW
$116B
| – | – |
-4,455
| Closed | -$1.51M |
|
975
Seagate
STX
$182B
| – | – |
-64,347
| Closed | -$7.27M |
|
Similar funds
FAM
BA
CAM
DSA
CHP
IC
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.