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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
HCA icon
176
HCA Healthcare
HCA
$89.4B
$15.1M 0.09%
60,409
+127
+0.2% +$31.9K
AIG icon
177
American International
AIG
$40.6B
$15.1M 0.09%
240,767
+537
+0.2% +$32.3K
MPC icon
178
Marathon Petroleum
MPC
$89B
$15M 0.09%
175,426
-8,964
-5% -$681K
EMR icon
179
Emerson Electric
EMR
$89B
$14.7M 0.09%
149,820
-684
-0.5% -$64.8K
ICLR icon
180
Icon
ICLR
$12.8B
$14.4M 0.08%
59,070
+4,900
+9% +$1.23M
NXPI icon
181
NXP Semiconductors
NXPI
$59.6B
$14.3M 0.08%
77,468
+88
+0.1% +$17.3K
MET icon
182
MetLife
MET
$61.6B
$14.2M 0.08%
202,056
-2,959
-1% -$200K
LHX icon
183
L3Harris
LHX
$54.1B
$14.2M 0.08%
57,030
+100
+0.2% +$23.3K
CNC icon
184
Centene
CNC
$32.8B
$14.1M 0.08%
168,027
+271
+0.2% +$22.2K
CTSH icon
185
Cognizant
CTSH
$26.2B
$14.1M 0.08%
157,423
+298
+0.2% +$26.2K
HUM icon
186
Humana
HUM
$46.4B
$14.1M 0.08%
32,425
+70
+0.2% +$29.3K
APD icon
187
Air Products & Chemicals
APD
$68B
$14M 0.08%
55,921
+236
+0.4% +$60.6K
ILMN icon
188
Illumina
ILMN
$29B
$13.8M 0.08%
40,534
+48
+0.1% +$16.2K
MCO icon
189
Moody's
MCO
$82.8B
$13.8M 0.08%
40,806
-72,742
-64% -$24.5M
VLUE icon
190
iShares MSCI USA Value Factor ETF
VLUE
$9.51B
$13.7M 0.08%
130,800
-158,850
-55% -$17M
EXC icon
191
Exelon
EXC
$45.8B
$13.6M 0.08%
285,083
-113,459
-28% -$4.81M
SRE icon
192
Sempra
SRE
$55.1B
$13.5M 0.08%
161,120
+344
+0.2% +$24.7K
FDS icon
193
Factset
FDS
$10.1B
$13.5M 0.08%
31,195
+1,635
+6% +$690K
HPQ icon
194
HP
HPQ
$27.6B
$13.4M 0.08%
369,662
-16,927
-4% -$625K
KMI icon
195
Kinder Morgan
KMI
$69.7B
$13.3M 0.08%
703,679
+1,009
+0.1% +$17.8K
GPN icon
196
Global Payments
GPN
$22.8B
$13.1M 0.08%
96,078
-1,129
-1% -$158K
JCI icon
197
Johnson Controls International
JCI
$92.2B
$13.1M 0.08%
199,742
-1,129
-0.6% -$77.7K
CPRT icon
198
Copart
CPRT
$27.4B
$13M 0.08%
414,976
+14,636
+4% +$465K
DG icon
199
Dollar General
DG
$27.2B
$13M 0.08%
58,454
-254
-0.4% -$54K
NUE icon
200
Nucor
NUE
$62.7B
$13M 0.08%
87,410
-3,374
-4% -$414K
6 7
8
9 10

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.