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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
CPRI icon
576
Capri Holdings
CPRI
$1.75B
$2.47M 0.01%
38,100
– –
UTHR icon
577
United Therapeutics
UTHR
$22.7B
$2.46M 0.01%
11,393
+100
+0.9% +$19.6K
APA icon
578
APA Corp
APA
$14.4B
$2.46M 0.01%
91,496
-3,400
-4% -$90.3K
MKSI icon
579
MKS Inc
MKSI
$19.8B
$2.44M 0.01%
14,040
+100
+0.7% +$15.6K
TNDM icon
580
Tandem Diabetes Care
TNDM
$1.59B
$2.42M 0.01%
16,100
+300
+2% +$40.5K
HII icon
581
Huntington Ingalls Industries
HII
$13B
$2.4M 0.01%
12,851
+1,572
+14% +$304K
FRT icon
582
Federal Realty Investment Trust
FRT
$10.2B
$2.4M 0.01%
17,578
– –
RH icon
583
RH
RH
$3.47B
$2.37M 0.01%
4,420
+200
+5% +$123K
PCTY icon
584
Paylocity
PCTY
$7.73B
$2.37M 0.01%
10,025
+200
+2% +$53.1K
EGP icon
585
EastGroup Properties
EGP
$10.9B
$2.35M 0.01%
10,319
+200
+2% +$40.2K
LW icon
586
Lamb Weston
LW
$7.12B
$2.33M 0.01%
36,823
+400
+1% +$23.1K
TTEK icon
587
Tetra Tech
TTEK
$8.97B
$2.33M 0.01%
68,725
+1,000
+1% +$34.4K
GME icon
588
GameStop
GME
$8.43B
$2.33M 0.01%
62,800
+400
+0.6% +$18.2K
G icon
589
Genpact
G
$5.73B
$2.33M 0.01%
43,800
+500
+1% +$25.2K
BJ icon
590
BJs Wholesale Club
BJ
$12.3B
$2.32M 0.01%
34,617
+300
+0.9% +$18.7K
AFG icon
591
American Financial Group
AFG
$11.9B
$2.3M 0.01%
16,729
+200
+1% +$27.5K
SGI
592
Somnigroup International
SGI
$13.6B
$2.3M 0.01%
48,828
-400
-0.8% -$18.1K
BLD
593
DELISTED
TopBuild
BLD
$2.29M 0.01%
8,300
– –
JAZZ icon
594
Jazz Pharmaceuticals
JAZZ
$16.7B
$2.29M 0.01%
17,960
+1,860
+12% +$244K
LAD icon
595
Lithia Motors
LAD
$8.35B
$2.29M 0.01%
7,700
+100
+1% +$30.9K
IVZ icon
596
Invesco
IVZ
$14B
$2.28M 0.01%
99,113
+7,452
+8% +$181K
OPEN icon
597
Opendoor
OPEN
$3.38B
$2.27M 0.01%
+160,880
New +$2.97M
GXO icon
598
GXO Logistics
GXO
$5.4B
$2.27M 0.01%
24,960
+300
+1% +$27K
CABO icon
599
Cable One
CABO
$203M
$2.26M 0.01%
1,284
– –
SAIA icon
600
Saia
SAIA
$9.49B
$2.26M 0.01%
6,700
+100
+2% +$31K
22 23
24
25 26

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
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
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.