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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
HXL icon
826
Hexcel
HXL
$7.82B
$1.1M 0.01%
21,300
+300
+1% +$17K
HWC icon
827
Hancock Whitney
HWC
$6.24B
$1.1M 0.01%
21,986
+200
+0.9% +$9.98K
ENV
828
DELISTED
ENVESTNET, INC.
ENV
$1.09M 0.01%
13,800
+100
+0.7% +$8.14K
PZZA icon
829
Papa John's
PZZA
$806M
$1.09M 0.01%
8,194
– –
TMHC
830
DELISTED
Taylor Morrison
TMHC
$1.09M 0.01%
31,179
-200
-0.6% -$6.24K
CRI icon
831
Carter's
CRI
$1.47B
$1.08M 0.01%
10,693
-300
-3% -$30.6K
SWX icon
832
Southwest Gas
SWX
$6.67B
$1.07M 0.01%
15,345
+500
+3% +$34.5K
WEN icon
833
Wendy's
WEN
$1.46B
$1.07M 0.01%
44,768
+100
+0.2% +$2.22K
SXT icon
834
Sensient Technologies
SXT
$5.53B
$1.07M 0.01%
10,668
+100
+0.9% +$9.73K
NSP icon
835
Insperity
NSP
$2.01B
$1.07M 0.01%
9,025
– –
OGS icon
836
ONE Gas
OGS
$5.04B
$1.06M 0.01%
13,607
+200
+1% +$13.9K
UMPQ
837
DELISTED
Umpqua Holdings Corp
UMPQ
$1.05M 0.01%
54,855
-300
-0.5% -$6.06K
DOC
838
DELISTED
PHYSICIANS REALTY TRUST
DOC
$1.05M 0.01%
55,867
+1,400
+3% +$25.8K
BHF icon
839
Brighthouse Financial
BHF
$3.5B
$1.05M 0.01%
20,265
-600
-3% -$30.7K
HRB icon
840
H&R Block
HRB
$5.86B
$1.05M 0.01%
44,500
-100
-0.2% -$2.43K
TGNA
841
DELISTED
TEGNA Inc
TGNA
$1.04M 0.01%
56,066
+700
+1% +$14K
AVT icon
842
Avnet
AVT
$7.92B
$1.04M 0.01%
25,163
+200
+0.8% +$7.72K
ACIW icon
843
ACI Worldwide
ACIW
$5.42B
$1.03M 0.01%
29,798
+400
+1% +$12.8K
CHX
844
DELISTED
ChampionX
CHX
$1.03M 0.01%
51,165
+600
+1% +$14.1K
SAFM
845
DELISTED
Sanderson Farms Inc
SAFM
$1.03M 0.01%
5,409
+100
+2% +$18.8K
PCH
846
DELISTED
PotlatchDeltic
PCH
$1.02M 0.01%
16,993
+200
+1% +$11.2K
VSXY
847
Victoria's Secret
VSXY
$7.83B
$1.02M 0.01%
18,400
-400
-2% -$20.8K
FLS icon
848
Flowserve
FLS
$10.2B
$1.01M 0.01%
33,000
+400
+1% +$13.2K
COIN icon
849
Coinbase
COIN
$40.5B
$1.01M 0.01%
+4,000
New +$1.16M
UAA icon
850
Under Armour
UAA
$2.6B
$1.01M 0.01%
47,458
+100
+0.2% +$2.27K
32 33
34
35 36

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.