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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
MIDD icon
551
Middleby
MIDD
$5.9B
$2.77M 0.01%
14,100
+200
+1% +$36.5K
LII icon
552
Lennox International
LII
$14.6B
$2.77M 0.01%
8,530
– –
UHS icon
553
Universal Health Services
UHS
$10.5B
$2.77M 0.01%
21,344
+1,234
+6% +$159K
UGI icon
554
UGI
UGI
$7.24B
$2.76M 0.01%
60,050
-3,055,858
-98% -$136M
NI icon
555
NiSource
NI
$20B
$2.73M 0.01%
98,906
+400
+0.4% +$10.2K
DISH
556
DELISTED
DISH Network Corp.
DISH
$2.72M 0.01%
83,820
+14,254
+20% +$531K
DISCK
557
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.71M 0.01%
118,571
+28,400
+31% +$684K
SYNH
558
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$2.7M 0.01%
26,303
+400
+2% +$38.4K
TTC icon
559
Toro Company
TTC
$9.36B
$2.7M 0.01%
26,996
+200
+0.7% +$19.9K
LSCC icon
560
Lattice Semiconductor
LSCC
$18.5B
$2.67M 0.01%
34,700
+500
+1% +$37.1K
LAMR icon
561
Lamar Advertising Co
LAMR
$15.8B
$2.67M 0.01%
21,986
+300
+1% +$35K
BEN icon
562
Franklin Resources
BEN
$17.1B
$2.63M 0.01%
78,372
+4,758
+6% +$157K
WSO icon
563
Watsco Inc
WSO
$13.4B
$2.61M 0.01%
8,341
+100
+1% +$29.6K
AXON
564
Axon Enterprise
AXON
$48B
$2.61M 0.01%
16,619
+200
+1% +$33.6K
AZPN
565
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$2.59M 0.01%
17,000
– –
RS icon
566
Reliance Steel & Aluminium
RS
$21.7B
$2.58M 0.01%
15,882
– –
JBL icon
567
Jabil
JBL
$35.9B
$2.56M 0.01%
36,342
-200
-0.5% -$12.6K
DECK icon
568
Deckers Outdoor
DECK
$13.2B
$2.55M 0.01%
41,772
– –
DKNG icon
569
DraftKings
DKNG
$12.2B
$2.54M 0.01%
+92,598
New +$3.63M
PEN icon
570
Penumbra
PEN
$12.9B
$2.54M 0.01%
8,851
+200
+2% +$52.9K
SEE
571
DELISTED
Sealed Air
SEE
$2.51M 0.01%
37,266
-400
-1% -$24.9K
CLF icon
572
Cleveland-Cliffs
CLF
$7.14B
$2.51M 0.01%
115,300
+1,400
+1% +$30.2K
Y
573
DELISTED
Alleghany Corp
Y
$2.49M 0.01%
3,731
+300
+9% +$200K
ZION icon
574
Zions Bancorporation
ZION
$10.3B
$2.49M 0.01%
39,416
-1,300
-3% -$83K
MANH icon
575
Manhattan Associates
MANH
$11.5B
$2.49M 0.01%
15,997
+100
+0.6% +$16.2K
21 22
23
24 25

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.