STATE OF MICHIGAN RETIREMENT SYSTEM

Q1 2022 13F-HR Holdings

Location
East Lansing, MI
Holdings as of
3/31/2022
Date filed
5/4/2022
Form type
13F-HR
Num holdings
948
Total value ($000)
$17,284,709
Net value change ($000)
-1,792,625 (-9.4%)
New positions
12
Sold out positions
39
Turnover %
3.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 1/27/2022 Next filing: 8/8/2022 SEC filing

Snapshot: Change Analysis

Compared to Q4 2021
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
META 195,468 70.2%
LQD 77,465 21.8%
SPGI 36,651 NEW
TDG 34,482 411.3%
XOM 22,946 35.2%
CVX 22,212 39.0%
GILD 18,559 19.6%
BRK-B 18,240 18.9%
ANET 17,577 216.5%
ABBV 13,210 19.9%
Top Reduces (Value $000, Stocks/ETFs)
ATH-PA -325,452 -100.0%
SPY -290,381 -13.4%
SPG -177,553 -93.5%
VST -134,786 -99.5%
CVS -105,916 -73.2%
MSFT -75,446 -8.9%
EMB -73,419 -100.0%
ADBE -58,848 -50.1%
BMY -54,947 -14.7%
EPAM -53,611 -55.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type