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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
IDXX icon
126
Idexx Laboratories
IDXX
$46.9B
$21.9M 0.13%
40,055
+1,237
+3% +$651K
MRSH
127
Marsh
MRSH
$91B
$21.7M 0.13%
127,275
+139
+0.1% +$21.9K
DUK icon
128
Duke Energy
DUK
$94.5B
$21.7M 0.13%
194,036
+366
+0.2% +$38K
CME icon
129
CME Group
CME
$94.8B
$21.6M 0.12%
90,644
+155
+0.2% +$36.4K
REGN icon
130
Regeneron Pharmaceuticals
REGN
$83.2B
$21.2M 0.12%
30,297
+329
+1% +$208K
AMRS
131
DELISTED
Amyris Inc.
AMRS
$21M 0.12%
4,815,000
+2,310,000
+92% +$10.4M
EOG icon
132
EOG Resources
EOG
$74.6B
$21M 0.12%
175,730
+228
+0.1% +$25.4K
CSX icon
133
CSX Corp
CSX
$92.8B
$20.9M 0.12%
559,384
+1,015
+0.2% +$35.9K
XLV icon
134
State Street Health Care Select Sector SPDR ETF
XLV
$44B
$20.9M 0.12%
152,788
+27,660
+22% +$3.66M
PGR icon
135
Progressive
PGR
$124B
$20.9M 0.12%
183,532
+113
+0.1% +$12.2K
LRCX icon
136
Lam Research
LRCX
$383B
$20.7M 0.12%
384,800
-2,890
-0.7% -$168K
BABA icon
137
Alibaba
BABA
$317B
$20.6M 0.12%
189,250
+50,600
+36% +$5.83M
CCI icon
138
Crown Castle
CCI
$31.3B
$20.1M 0.12%
109,052
+245
+0.2% +$43.6K
APH icon
139
Amphenol
APH
$207B
$19.9M 0.12%
527,674
+19,882
+4% +$770K
PNC icon
140
PNC Financial Services
PNC
$100B
$19.5M 0.11%
105,956
-491
-0.5% -$99.3K
SO icon
141
Southern Company
SO
$105B
$19.4M 0.11%
267,323
+541
+0.2% +$36.6K
FIS icon
142
Fidelity National Information Services
FIS
$21.9B
$19.2M 0.11%
191,225
+270
+0.1% +$28.2K
BDX icon
143
Becton Dickinson
BDX
$48.9B
$19.1M 0.11%
73,583
-521
-0.7% -$134K
TFC icon
144
Truist Financial
TFC
$63.4B
$19.1M 0.11%
336,643
+517
+0.2% +$31.9K
TMUS icon
145
T-Mobile US
TMUS
$191B
$19M 0.11%
148,141
+341
+0.2% +$40.6K
SLB icon
146
SLB Ltd
SLB
$78.9B
$18.9M 0.11%
456,438
+892
+0.2% +$35K
PSA icon
147
Public Storage
PSA
$60.8B
$18.7M 0.11%
48,031
+165
+0.3% +$59.9K
TWTR
148
DELISTED
Twitter, Inc.
TWTR
$18.7M 0.11%
483,438
+482
+0.1% +$17.6K
EL icon
149
Estee Lauder
EL
$31.5B
$18.7M 0.11%
68,538
+437
+0.6% +$132K
NOC icon
150
Northrop Grumman
NOC
$82.1B
$18.5M 0.11%
41,370
-515
-1% -$213K
4 5
6
7 8

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.