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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
BIIB icon
101
Biogen
BIIB
$30.6B
$30.7M 0.18%
145,661
+120
+0.1% +$26.1K
EW icon
102
Edwards Lifesciences
EW
$53.3B
$30.6M 0.18%
259,851
+7,532
+3% +$845K
CAT icon
103
Caterpillar
CAT
$386B
$30.4M 0.18%
136,472
+296
+0.2% +$62.1K
ICE icon
104
Intercontinental Exchange
ICE
$84.9B
$30.3M 0.18%
229,442
+23,932
+12% +$3.09M
DE icon
105
Deere & Co
DE
$164B
$29.4M 0.17%
70,757
-232
-0.3% -$88.9K
AXP icon
106
American Express
AXP
$228B
$29M 0.17%
155,177
-2,823
-2% -$510K
AMT icon
107
American Tower
AMT
$78.8B
$28.9M 0.17%
114,884
+189
+0.2% +$46.1K
MO icon
108
Altria Group
MO
$110B
$28.3M 0.16%
541,010
-2,582
-0.5% -$132K
GNRC icon
109
Generac Holdings
GNRC
$12.4B
$27.7M 0.16%
93,116
+10,016
+12% +$3M
QUAL icon
110
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$26.9M 0.16%
199,550
+42,917
+27% +$5.7M
BA icon
111
Boeing
BA
$185B
$26.5M 0.15%
138,296
-775
-0.6% -$156K
SBUX icon
112
Starbucks
SBUX
$119B
$26.4M 0.15%
290,059
-6,983
-2% -$659K
ADP icon
113
Automatic Data Processing
ADP
$108B
$26.1M 0.15%
114,703
-87
-0.1% -$18.6K
ANET icon
114
Arista Networks
ANET
$241B
$25.7M 0.15%
739,556
+513,636
+227% +$16.2M
F icon
115
Ford
F
$56B
$24.9M 0.14%
1,474,879
+4,044
+0.3% +$76.9K
BKNG icon
116
Booking.com
BKNG
$159B
$24.3M 0.14%
258,975
+1,375
+0.5% +$128K
GM icon
117
General Motors
GM
$77.6B
$23.6M 0.14%
540,408
+998
+0.2% +$49.8K
USB icon
118
US Bancorp
USB
$99.8B
$23.4M 0.14%
440,682
+983
+0.2% +$56.5K
TSM icon
119
TSMC
TSM
$2.19T
$23.4M 0.14%
224,600
+18,900
+9% +$2.21M
CB icon
120
Chubb
CB
$134B
$23.2M 0.13%
108,587
+148
+0.1% +$30.1K
MBB icon
121
iShares MBS ETF
MBB
$39B
$23M 0.13%
225,800
– –
MMM icon
122
3M
MMM
$93.8B
$22.9M 0.13%
184,190
-1,279
-0.7% -$170K
CI icon
123
Cigna
CI
$73.6B
$22.8M 0.13%
95,241
-1,971
-2% -$461K
MDLZ icon
124
Mondelez International
MDLZ
$78.2B
$22M 0.13%
350,070
-1,133
-0.3% -$73.7K
ADI icon
125
Analog Devices
ADI
$189B
$21.9M 0.13%
132,655
-2,646
-2% -$429K
3 4
5
6 7

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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 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

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.