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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
JPM icon
26
JPMorgan Chase
JPM
$950B
$118M 0.62%
744,043
-6,300
-0.8% -$1.03M
ADBE icon
27
Adobe
ADBE
$105B
$117M 0.62%
207,123
-13,776
-6% -$8.61M
FTAI icon
28
FTAI Aviation
FTAI
$22.2B
$109M 0.57%
4,422,777
– –
TMO icon
29
Thermo Fisher Scientific
TMO
$220B
$106M 0.56%
159,218
+400
+0.3% +$250K
PG icon
30
Procter & Gamble
PG
$339B
$99.7M 0.52%
609,296
-200
-0% -$29.7K
AMD icon
31
Advanced Micro Devices
AMD
$789B
$98.3M 0.52%
683,379
+19,400
+3% +$2.61M
V icon
32
Visa
V
$677B
$97.6M 0.51%
450,373
-187,076
-29% -$40.2M
MSCI icon
33
MSCI
MSCI
$40.9B
$97.1M 0.51%
158,556
+18,800
+13% +$11.8M
BRK.B icon
34
Berkshire Hathaway Class B
BRK.B
$1.13T
$96.7M 0.51%
323,362
-22,300
-6% -$6.39M
EPAM icon
35
EPAM Systems
EPAM
$5.03B
$96.4M 0.51%
144,200
-9,700
-6% -$6.24M
GILD icon
36
Gilead Sciences
GILD
$165B
$94.6M 0.5%
1,303,108
+171,748
+15% +$11.8M
PFE icon
37
Pfizer
PFE
$153B
$91.6M 0.48%
1,551,660
+87,328
+6% +$4.33M
RITM icon
38
Rithm Capital
RITM
$5.69B
$90M 0.47%
8,404,734
– –
INTU icon
39
Intuit
INTU
$89B
$88.5M 0.46%
137,648
+10,700
+8% +$6.6M
CSCO icon
40
Cisco
CSCO
$479B
$83.8M 0.44%
1,321,951
+171,678
+15% +$9.81M
BAC icon
41
Bank of America
BAC
$442B
$80.7M 0.42%
1,813,202
-46,200
-2% -$2.1M
AVGO icon
42
Broadcom
AVGO
$2.04T
$80.4M 0.42%
1,207,720
+178,000
+17% +$10M
COST icon
43
Costco
COST
$420B
$77.7M 0.41%
136,905
+20,100
+17% +$10.3M
INTC icon
44
Intel
INTC
$513B
$74.7M 0.39%
1,450,673
+275,438
+23% +$14.1M
GLOB icon
45
Globant
GLOB
$1.61B
$74.6M 0.39%
237,400
+21,300
+10% +$6.3M
ALGN icon
46
Align Technology
ALGN
$12.3B
$73.9M 0.39%
112,498
+1,736
+2% +$1.12M
EMB icon
47
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
$73.4M 0.38%
673,200
– –
PYPL icon
48
PayPal
PYPL
$50.5B
$72.8M 0.38%
385,820
-144,200
-27% -$31.2M
DIS icon
49
Walt Disney
DIS
$181B
$70.9M 0.37%
457,448
+1,200
+0.3% +$194K
NFLX icon
50
Netflix
NFLX
$309B
$67.2M 0.35%
1,115,070
+4,000
+0.4% +$256K
1
2
3 4 5

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FAM
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BA
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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)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.