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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
XEL icon
276
Xcel Energy
XEL
$48.8B
$9.18M 0.05%
135,659
+500
+0.4% +$32.6K
BROS icon
277
Dutch Bros
BROS
$9.26B
$9.16M 0.05%
180,000
– –
PCAR icon
278
PACCAR
PCAR
$70.1B
$9.02M 0.05%
153,345
+13,194
+9% +$763K
CMI icon
279
Cummins
CMI
$88.7B
$8.98M 0.05%
41,190
+2,806
+7% +$639K
EFX icon
280
Equifax
EFX
$21.4B
$8.98M 0.05%
30,681
+100
+0.3% +$27.8K
GLW icon
281
Corning
GLW
$143B
$8.98M 0.05%
241,125
+32,360
+16% +$1.21M
ETSY icon
282
Etsy
ETSY
$7.85B
$8.96M 0.05%
40,900
+9,100
+29% +$2.19M
BBY icon
283
Best Buy
BBY
$17.3B
$8.88M 0.05%
87,369
+18,884
+28% +$2.15M
AJG icon
284
Arthur J. Gallagher & Co
AJG
$63.6B
$8.85M 0.05%
52,154
+200
+0.4% +$32.7K
ANSS
285
DELISTED
Ansys
ANSS
$8.81M 0.05%
21,954
– –
KHC icon
286
Kraft Heinz
KHC
$30B
$8.73M 0.05%
243,253
+49,734
+26% +$1.79M
CTVA icon
287
Corteva
CTVA
$51.3B
$8.68M 0.05%
183,519
-800
-0.4% -$36.4K
WY icon
288
Weyerhaeuser
WY
$18.4B
$8.66M 0.05%
210,421
+15,152
+8% +$575K
AWK icon
289
American Water Works
AWK
$26.9B
$8.64M 0.05%
45,732
+200
+0.4% +$34.9K
HSY icon
290
Hershey
HSY
$36.6B
$8.62M 0.05%
44,561
+5,056
+13% +$915K
AME icon
291
Ametek
AME
$58.2B
$8.57M 0.04%
58,263
+200
+0.3% +$27.4K
STT icon
292
State Street
STT
$50.7B
$8.56M 0.04%
92,067
+300
+0.3% +$28.3K
DFS
293
DELISTED
Discover Financial Services
DFS
$8.53M 0.04%
73,778
-1,400
-2% -$166K
PEG icon
294
Public Service Enterprise Group
PEG
$37.7B
$8.5M 0.04%
127,357
+400
+0.3% +$25.3K
AMP icon
295
Ameriprise Financial
AMP
$48.8B
$8.49M 0.04%
28,149
-3,600
-11% -$1.06M
TSN icon
296
Tyson Foods
TSN
$20.4B
$8.41M 0.04%
96,530
+13,548
+16% +$1.11M
TSCO icon
297
Tractor Supply
TSCO
$18B
$8.41M 0.04%
176,205
+17,260
+11% +$755K
SWK icon
298
Stanley Black & Decker
SWK
$15.7B
$8.39M 0.04%
44,468
+3,500
+9% +$646K
TDG icon
299
TransDigm Group
TDG
$67.7B
$8.38M 0.04%
13,176
– –
EQR icon
300
Equity Residential
EQR
$25.1B
$8.31M 0.04%
91,815
+3,096
+3% +$266K
10 11
12
13 14

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.