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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
QDEL icon
776
QuidelOrtho
QDEL
$835M
$1.3M 0.01%
9,600
+100
+1% +$13.9K
CXT icon
777
Crane NXT
CXT
$3.09B
$1.29M 0.01%
36,529
+576
+2% +$20K
CIT
778
DELISTED
CIT Group Inc.
CIT
$1.29M 0.01%
25,144
+300
+1% +$15.3K
KNSL icon
779
Kinsale Capital Group
KNSL
$8.36B
$1.28M 0.01%
5,400
– –
WBS icon
780
Webster Financial
WBS
$12.8B
$1.28M 0.01%
22,910
+200
+0.9% +$11.3K
ESNT icon
781
Essent Group
ESNT
$6.29B
$1.27M 0.01%
28,000
– –
UNM icon
782
Unum
UNM
$14.3B
$1.27M 0.01%
51,800
+600
+1% +$15.4K
CLH icon
783
Clean Harbors
CLH
$16.3B
$1.26M 0.01%
12,656
+100
+0.8% +$10.5K
STL
784
DELISTED
Sterling Bancorp
STL
$1.26M 0.01%
48,846
+600
+1% +$15.5K
CDK
785
DELISTED
CDK Global, Inc.
CDK
$1.25M 0.01%
30,027
-500
-2% -$21K
UBSI icon
786
United Bankshares
UBSI
$6.57B
$1.25M 0.01%
34,495
+2,100
+6% +$77.3K
SIGI icon
787
Selective Insurance
SIGI
$5.66B
$1.25M 0.01%
15,219
+200
+1% +$15.9K
DINO icon
788
HF Sinclair
DINO
$14.8B
$1.24M 0.01%
37,900
+500
+1% +$16.8K
MMS icon
789
Maximus
MMS
$3.07B
$1.24M 0.01%
15,592
+200
+1% +$16.3K
MIME
790
DELISTED
Mimecast Limited
MIME
$1.24M 0.01%
15,600
+300
+2% +$22.6K
IART icon
791
Integra LifeSciences
IART
$1.33B
$1.24M 0.01%
18,466
+200
+1% +$13.5K
NEOG icon
792
Neogen
NEOG
$2.48B
$1.24M 0.01%
27,200
+300
+1% +$12.8K
UNVR
793
DELISTED
Univar Solutions Inc.
UNVR
$1.23M 0.01%
43,300
+500
+1% +$13.5K
SAIC icon
794
Saic
SAIC
$5.29B
$1.22M 0.01%
14,557
– –
TKR icon
795
Timken Company
TKR
$8.93B
$1.21M 0.01%
17,476
+100
+0.6% +$7.01K
TNL icon
796
Travel + Leisure Co
TNL
$4.64B
$1.21M 0.01%
21,913
+300
+1% +$16K
KRG icon
797
Kite Realty
KRG
$5.37B
$1.21M 0.01%
+55,500
New +$1.19M
SNX icon
798
TD Synnex
SNX
$20.1B
$1.2M 0.01%
10,507
+100
+1% +$10.9K
MUSA icon
799
Murphy USA
MUSA
$9.79B
$1.19M 0.01%
5,987
– –
MTG icon
800
MGIC Investment
MTG
$6.21B
$1.19M 0.01%
82,500
-2,500
-3% -$37.9K
30 31
32
33 34

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.