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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 | |
|---|---|---|---|---|---|---|
976
Uber
UBER
$159B
| – | – |
-290,000
| Closed | -$12.2M |
|
977
Urban Edge Properties
UE
$2.75B
| – | – |
-27,554
| Closed | -$524K |
|
|
VSXY
978
Victoria's Secret
VSXY
$7.95B
| – | – |
-18,400
| Closed | -$1.02M |
|
979
Wolfspeed
WOLF
$1.52B
| – | – |
-29,391
| Closed | -$3.29M |
|
|
OMGA
980
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
| – | – |
-294,117
| Closed | -$3.33M |
|
|
SUMO
981
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
| – | – |
-13,033
| Closed | -$177K |
|
|
CONE
982
DELISTED
CyrusOne Inc Common Stock
CONE
| – | – |
-32,164
| Closed | -$2.89M |
|
|
INFO
983
DELISTED
IHS Markit Ltd. Common Shares
INFO
| – | – |
-100,389
| Closed | -$13.3M |
|
|
XLNX
984
DELISTED
Xilinx Inc
XLNX
| – | – |
-66,541
| Closed | -$14.1M |
|
|
ATH
985
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| – | – |
-3,905,586
| Closed | -$325M |
|
|
CIT
986
DELISTED
CIT Group Inc.
CIT
| – | – |
-25,144
| Closed | -$1.29M |
|
|
STL
987
DELISTED
Sterling Bancorp
STL
| – | – |
-48,846
| Closed | -$1.26M |
|
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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.