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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
+10.58%
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
$19.1B
AUM Growth
+$1.49B
Cap. Flow
-$61.6M
Cap. Flow %
-0.32%
Top 10 Hldgs %
34.97%
Holding
1,006
New
31
Increased
699
Reduced
152
Closed
31

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$309M
2
BMY icon
Bristol-Myers Squibb
BMY
+$36.8M
3
GNRC icon
Generac Holdings
GNRC
+$27.9M
4
LYV icon
Live Nation Entertainment
LYV
+$27M
5
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$24.9M

Top Sells

Rank Stock Value
1
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$169M
2
VLUE icon
iShares MSCI USA Value Factor ETF
VLUE
+$160M
3
UGI icon
UGI
UGI
+$136M
4
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$125M
5
ARI
Apollo Commercial Real Estate
ARI
+$81M

Sector Composition

Rank Sector Weight
1 Technology 21.84%
2 Healthcare 12.35%
3 Communication Services 10.38%
4 Financials 10.3%
5 Consumer Discretionary 8.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LEN icon
226
Lennar Class A
LEN
$21.2B
$12M 0.06%
106,387
+23,735
+29% +$2.43M
PAYX icon
227
Paychex
PAYX
$42.7B
$12M 0.06%
87,616
+4,472
+5% +$553K
CARR icon
228
Carrier Global
CARR
$52.8B
$11.8M 0.06%
218,143
+300
+0.1% +$16.2K
MPC icon
229
Marathon Petroleum
MPC
$83.7B
$11.8M 0.06%
184,390
+3,116
+2% +$200K
ROK icon
230
Rockwell Automation
ROK
$49B
$11.8M 0.06%
33,797
+1,868
+6% +$618K
PRU icon
231
Prudential Financial
PRU
$41.8B
$11.8M 0.06%
108,817
+5,396
+5% +$586K
MSI icon
232
Motorola Solutions
MSI
$77.4B
$11.6M 0.06%
42,531
– –
PPG icon
233
PPG Industries
PPG
$26.6B
$11.4M 0.06%
66,047
+3,404
+5% +$547K
MAR icon
234
Marriott International
MAR
$92.3B
$11.4M 0.06%
68,910
+200
+0.3% +$31.5K
PXD
235
DELISTED
Pioneer Natural Resource Co.
PXD
$11.4M 0.06%
62,416
+5,400
+9% +$994K
AEP icon
236
American Electric Power
AEP
$68.4B
$11.3M 0.06%
126,823
+1,200
+1% +$101K
CTAS icon
237
Cintas
CTAS
$81.3B
$11.3M 0.06%
101,684
+13,600
+15% +$1.47M
APTV icon
238
Aptiv
APTV
$10.3B
$11.2M 0.06%
68,088
+200
+0.3% +$33.4K
KMI icon
239
Kinder Morgan
KMI
$68.7B
$11.1M 0.06%
702,670
+104,834
+18% +$1.74M
AZO icon
240
AutoZone
AZO
$51.1B
$11M 0.06%
5,251
-200
-4% -$372K
AFL icon
241
Aflac
AFL
$62.6B
$11M 0.06%
187,777
+15,072
+9% +$845K
HLT icon
242
Hilton Worldwide
HLT
$71.5B
$10.9M 0.06%
70,150
+200
+0.3% +$28.8K
O icon
243
Realty Income
O
$59.1B
$10.9M 0.06%
152,099
+47,719
+46% +$3.28M
DD icon
244
DuPont de Nemours
DD
$19.2B
$10.8M 0.06%
106,961
-717
-0.7% -$68.2K
BAX icon
245
Baxter International
BAX
$14.2B
$10.8M 0.06%
126,055
+500
+0.4% +$40.2K
KNTK icon
246
Kinetik
KNTK
$7.98B
$10.7M 0.06%
350,000
– –
MNST icon
247
Monster Beverage
MNST
$88.5B
$10.7M 0.06%
221,896
+21,112
+11% +$938K
SBAC icon
248
SBA Communications
SBAC
$19.5B
$10.6M 0.06%
27,341
-200
-0.7% -$70.2K
SRE icon
249
Sempra
SRE
$54.8B
$10.6M 0.06%
160,776
+400
+0.2% +$25.3K
DOW icon
250
Dow Inc
DOW
$21.2B
$10.6M 0.06%
186,191
-1,100
-0.6% -$62.7K
8 9
10
11 12

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

State of Michigan Retirement System's Q4 2021 Portfolio in Review

As of Q4 2021, State of Michigan Retirement System held 1,006 positions worth $19.1B, up 8.5% from $17.6B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

State of Michigan Retirement System's Q4 2021 filing shows 31 new, 699 increased, 152 reduced and 31 closed positions. Its largest new stake was WNS Holdings: 143,000 shares worth $12.6M. The largest sale was iShares MSCI USA Quality Factor ETF, an estimated $169M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Healthcare and Communication Services.

  • State of Michigan Retirement System's largest Q4 2021 buy was WNS Holdings: 143,000 shares worth $12.6M.
  • State of Michigan Retirement System added most to AT&T in Q4 2021, an estimated $309M increase.
  • State of Michigan Retirement System's biggest Q4 2021 reduction was iShares MSCI USA Quality Factor ETF, cutting an estimated $169M.
  • State of Michigan Retirement System fully exited Apollo Commercial Real Estate in Q4 2021, selling an estimated $81M.
  • State of Michigan Retirement System's ten largest holdings make up 35% of its $19.1B portfolio in Q4 2021.
  • State of Michigan Retirement System opened 31 new positions and closed 31 in Q4 2021.
  • State of Michigan Retirement System's portfolio value rose 8.5% quarter-over-quarter to $19.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2021, filed 27 Jan 2022.