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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
SNPS icon
201
Synopsys
SNPS
$78.8B
$12.9M 0.07%
38,727
+304
+0.8% +$94.9K
PRU icon
202
Prudential Financial
PRU
$42.1B
$12.9M 0.07%
109,055
+238
+0.2% +$27.1K
ADSK icon
203
Autodesk
ADSK
$54.1B
$12.8M 0.07%
59,643
+120
+0.2% +$27.6K
ODFL icon
204
Old Dominion Freight Line
ODFL
$44.1B
$12.8M 0.07%
85,388
+76
+0.1% +$11.8K
ADM icon
205
Archer Daniels Midland
ADM
$38.8B
$12.7M 0.07%
141,041
+233
+0.2% +$18.1K
OXY icon
206
Occidental Petroleum
OXY
$58.6B
$12.7M 0.07%
223,839
+477
+0.2% +$21.1K
AEP icon
207
American Electric Power
AEP
$66.9B
$12.7M 0.07%
127,058
+235
+0.2% +$21.5K
ROP icon
208
Roper Technologies
ROP
$39.9B
$12.6M 0.07%
26,611
+64
+0.2% +$28.8K
DXCM icon
209
DexCom
DXCM
$33.1B
$12.5M 0.07%
97,800
+392
+0.4% +$42.9K
TEL icon
210
TE Connectivity
TEL
$62B
$12.5M 0.07%
95,323
-54
-0.1% -$7.72K
KR icon
211
Kroger
KR
$34.6B
$12.4M 0.07%
215,887
-1,380
-0.6% -$68.5K
CDNS icon
212
Cadence Design Systems
CDNS
$91.4B
$12.3M 0.07%
74,923
+161
+0.2% +$24.7K
SPG icon
213
Simon Property Group
SPG
$71.5B
$12.3M 0.07%
93,349
-1,094,822
-92% -$156M
WNS
214
DELISTED
WNS Holdings
WNS
$12.2M 0.07%
143,000
– –
MAR icon
215
Marriott International
MAR
$90.9B
$12.1M 0.07%
69,036
+126
+0.2% +$20.9K
ALL icon
216
Allstate
ALL
$68.2B
$12M 0.07%
86,789
-1,377
-2% -$173K
PAYX icon
217
Paychex
PAYX
$43.1B
$12M 0.07%
87,777
+161
+0.2% +$19.8K
AFL icon
218
Aflac
AFL
$61.2B
$12M 0.07%
185,879
-1,898
-1% -$119K
SFIX
219
Stitch Fix
SFIX
$530M
$11.9M 0.07%
1,176,983
+750,000
+176% +$10.4M
DOW icon
220
Dow Inc
DOW
$22.1B
$11.8M 0.07%
185,611
-580
-0.3% -$35K
ORLY icon
221
O'Reilly Automotive
ORLY
$75.3B
$11.6M 0.07%
254,445
-660
-0.3% -$29.5K
KNTK icon
222
Kinetik
KNTK
$8.32B
$11.4M 0.07%
350,000
– –
TROW icon
223
T. Rowe Price
TROW
$24.3B
$11.2M 0.07%
74,313
+1,283
+2% +$198K
TRV icon
224
Travelers Companies
TRV
$78.3B
$11.1M 0.06%
60,853
-1,092
-2% -$187K
ECL icon
225
Ecolab
ECL
$79.7B
$11.1M 0.06%
62,840
-79,555
-56% -$14.9M
7 8
9
10 11

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.