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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
IQV icon
51
IQVIA
IQV
$39.3B
$66.8M 0.35%
236,604
+22,000
+10% +$5.71M
ABBV icon
52
AbbVie
ABBV
$435B
$66.4M 0.35%
490,574
+27,824
+6% +$3.29M
IJH icon
53
iShares Core S&P Mid-Cap ETF
IJH
$127B
$66.1M 0.35%
1,167,560
+31,000
+3% +$1.73M
NKE icon
54
Nike
NKE
$61.9B
$66.1M 0.35%
396,552
+46,212
+13% +$7.62M
XOM icon
55
ExxonMobil
XOM
$634B
$65.2M 0.34%
1,065,818
+2,800
+0.3% +$175K
NOW icon
56
ServiceNow
NOW
$129B
$65M 0.34%
500,500
+2,000
+0.4% +$263K
KEYS icon
57
Keysight
KEYS
$58.3B
$63.9M 0.33%
309,402
+13,100
+4% +$2.45M
LLY icon
58
Eli Lilly
LLY
$1.06T
$62.7M 0.33%
226,878
+19,684
+10% +$4.99M
ABT icon
59
Abbott
ABT
$187B
$62.7M 0.33%
445,219
+100
+0% +$12.8K
PEP icon
60
PepsiCo
PEP
$190B
$60.5M 0.32%
348,098
+1,100
+0.3% +$180K
KO icon
61
Coca-Cola
KO
$375B
$58M 0.3%
978,722
+3,200
+0.3% +$178K
CMCSA icon
62
Comcast
CMCSA
$90B
$57.8M 0.3%
1,147,946
-2,100
-0.2% -$109K
CVX icon
63
Chevron
CVX
$366B
$57M 0.3%
485,368
-200
-0% -$22.7K
FTNT icon
64
Fortinet
FTNT
$117B
$55.8M 0.29%
776,805
+67,180
+9% +$4.42M
QCOM icon
65
Qualcomm
QCOM
$176B
$55.8M 0.29%
305,074
+21,800
+8% +$3.49M
ZTS icon
66
Zoetis
ZTS
$30B
$53.5M 0.28%
219,142
-3,300
-1% -$723K
WFC icon
67
Wells Fargo
WFC
$264B
$52.8M 0.28%
1,100,168
-320,048
-23% -$15.8M
DHR icon
68
Danaher
DHR
$144B
$52.7M 0.28%
180,636
+677
+0.4% +$186K
CMG icon
69
Chipotle Mexican Grill
CMG
$41.5B
$52.7M 0.28%
1,506,250
+5,000
+0.3% +$176K
BRK.A icon
70
Berkshire Hathaway Class A
BRK.A
$1.12T
$52.3M 0.27%
116
– –
WMT icon
71
Walmart Inc
WMT
$890B
$51.8M 0.27%
1,074,273
-54,300
-5% -$2.59M
MCD icon
72
McDonald's
MCD
$195B
$50.4M 0.26%
188,163
+600
+0.3% +$151K
SYK icon
73
Stryker
SYK
$130B
$49.3M 0.26%
184,527
-29,700
-14% -$7.79M
MRK icon
74
Merck
MRK
$318B
$48.7M 0.26%
635,917
-22,200
-3% -$1.77M
LIN icon
75
Linde
LIN
$226B
$48.6M 0.25%
140,164
+10,500
+8% +$3.4M
1 2
3
4 5

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.