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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
CVS icon
76
CVS Health
CVS
$122B
$38.8M 0.22%
382,877
-1,019,480
-73% -$107M
AMGN icon
77
Amgen
AMGN
$226B
$38.2M 0.22%
157,989
+315
+0.2% +$72.4K
MDT icon
78
Medtronic
MDT
$114B
$37.6M 0.22%
339,198
+361
+0.1% +$38.1K
IBM icon
79
IBM
IBM
$223B
$37.3M 0.22%
287,186
+417
+0.1% +$54.4K
AMAT icon
80
Applied Materials
AMAT
$415B
$36.8M 0.21%
279,355
-3,305
-1% -$455K
PM icon
81
Philip Morris
PM
$290B
$36.7M 0.21%
390,858
-1,093
-0.3% -$109K
SPGI icon
82
S&P Global
SPGI
$121B
$36.7M 0.21%
+89,353
New +$36.4M
LYV icon
83
Live Nation Entertainment
LYV
$43B
$36.4M 0.21%
309,111
+25,084
+9% +$2.86M
ISRG icon
84
Intuitive Surgical
ISRG
$139B
$35.6M 0.21%
118,153
+2,632
+2% +$769K
LOW icon
85
Lowe's Companies
LOW
$123B
$34.4M 0.2%
169,970
-4,403
-3% -$1.01M
DAVA icon
86
Endava
DAVA
$159M
$34M 0.2%
255,800
– –
PYPL icon
87
PayPal
PYPL
$50.5B
$34M 0.2%
294,092
-91,728
-24% -$12.2M
HON icon
88
Honeywell
HON
$77B
$33.7M 0.19%
183,569
-329
-0.2% -$60.9K
BLK icon
89
Blackrock
BLK
$175B
$33.3M 0.19%
43,619
-27
-0.1% -$21.1K
ELV icon
90
Elevance Health
ELV
$86.2B
$33.1M 0.19%
67,351
+123
+0.2% +$56.2K
LMT icon
91
Lockheed Martin
LMT
$139B
$32.9M 0.19%
74,618
-684
-0.9% -$277K
COP icon
92
ConocoPhillips
COP
$148B
$32.9M 0.19%
328,591
-3,507
-1% -$323K
ORCL icon
93
Oracle
ORCL
$435B
$32.9M 0.19%
397,132
-8,896
-2% -$720K
PLD icon
94
Prologis
PLD
$132B
$32.5M 0.19%
201,191
+539
+0.3% +$82.3K
TGT icon
95
Target
TGT
$69B
$32.1M 0.19%
151,358
-2,021
-1% -$437K
SCHW
96
Charles Schwab
SCHW
$188B
$32M 0.19%
379,266
+726
+0.2% +$63.9K
MU icon
97
Micron Technology
MU
$972B
$31.9M 0.18%
409,714
+1,079
+0.3% +$92K
C icon
98
Citigroup
C
$227B
$31.7M 0.18%
593,036
+1,000
+0.2% +$61.8K
MS icon
99
Morgan Stanley
MS
$338B
$31.3M 0.18%
357,626
-3,796
-1% -$366K
IQV icon
100
IQVIA
IQV
$39.8B
$30.9M 0.18%
133,794
-102,810
-43% -$24.3M
2 3
4
5 6

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.