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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
FCX icon
151
Freeport-McMoran
FCX
$99B
$18.4M 0.11%
370,433
+770
+0.2% +$34.1K
TJX icon
152
TJX Companies
TJX
$177B
$18.2M 0.11%
300,982
-1,763
-0.6% -$118K
FISV
153
Fiserv Inc
FISV
$27.7B
$17.9M 0.1%
176,606
+376
+0.2% +$38.1K
ITW icon
154
Illinois Tool Works
ITW
$84.1B
$17.9M 0.1%
85,436
+49
+0.1% +$11K
MRNA icon
155
Moderna
MRNA
$23.8B
$17.7M 0.1%
102,841
+241
+0.2% +$40.6K
SSYS icon
156
Stratasys
SSYS
$765M
$17.7M 0.1%
697,503
– –
AON icon
157
Aon
AON
$75.6B
$17.6M 0.1%
54,158
-1,266
-2% -$368K
SHW icon
158
Sherwin-Williams
SHW
$88B
$17.6M 0.1%
70,524
+109
+0.2% +$30.1K
D icon
159
Dominion Energy
D
$59B
$17.4M 0.1%
204,267
+344
+0.2% +$27.6K
ATVI
160
DELISTED
Activision Blizzard
ATVI
$17.3M 0.1%
216,421
+419
+0.2% +$32.6K
NSC icon
161
Norfolk Southern
NSC
$75.4B
$17.3M 0.1%
60,490
-821
-1% -$226K
EQIX icon
162
Equinix
EQIX
$103B
$16.8M 0.1%
22,717
+27
+0.1% +$19.4K
FDX icon
163
FedEx
FDX
$76.7B
$16.8M 0.1%
72,667
+10
+0% +$2.35K
VRTX icon
164
Vertex Pharmaceuticals
VRTX
$134B
$16.8M 0.1%
64,223
+189
+0.3% +$44.9K
CHTR icon
165
Charter Communications
CHTR
$18.1B
$16.4M 0.1%
30,097
-1,019
-3% -$598K
CL icon
166
Colgate-Palmolive
CL
$74.2B
$16.1M 0.09%
212,629
+393
+0.2% +$31.1K
FAST icon
167
Fastenal
FAST
$59.7B
$16.1M 0.09%
541,156
+17,996
+3% +$503K
NEM icon
168
Newmont
NEM
$122B
$16M 0.09%
201,145
+419
+0.2% +$28.3K
BSX icon
169
Boston Scientific
BSX
$73.4B
$15.9M 0.09%
359,408
+643
+0.2% +$27.9K
COF icon
170
Capital One
COF
$134B
$15.7M 0.09%
119,456
-2,732
-2% -$398K
GD icon
171
General Dynamics
GD
$107B
$15.7M 0.09%
65,000
-190
-0.3% -$42.2K
PXD
172
DELISTED
Pioneer Natural Resource Co.
PXD
$15.6M 0.09%
62,577
+161
+0.3% +$36.4K
WM icon
173
Waste Management
WM
$90.5B
$15.4M 0.09%
97,088
+214
+0.2% +$32.4K
ETN icon
174
Eaton
ETN
$174B
$15.3M 0.09%
100,556
+156
+0.2% +$24.4K
KLAC icon
175
KLA
KLAC
$253B
$15.2M 0.09%
414,200
-1,250
-0.3% -$46.8K
5 6
7
8 9

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.