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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
NJR icon
851
New Jersey Resources
NJR
$5.58B
$1M 0.01%
24,449
+300
+1% +$11.6K
HAIN icon
852
Hain Celestial
HAIN
$53.7M
$1M 0.01%
23,513
+2,500
+12% +$107K
FL
853
DELISTED
Foot Locker
FL
$1M 0.01%
22,924
+400
+2% +$19K
MSM icon
854
MSC Industrial Direct
MSM
$6.86B
$999K 0.01%
11,888
+100
+0.8% +$8.36K
OPCH icon
855
Option Care Health
OPCH
$3.56B
$998K 0.01%
35,100
+500
+1% +$13.1K
TXNM
856
TXNM Energy Inc
TXNM
$5.94B
$992K 0.01%
21,757
+300
+1% +$14.4K
AEO icon
857
American Eagle Outfitters
AEO
$3.01B
$986K 0.01%
38,922
+700
+2% +$17.8K
FNB icon
858
FNB Corp
FNB
$6.75B
$981K 0.01%
80,857
+800
+1% +$9.67K
UA icon
859
Under Armour Class C
UA
$2.53B
$976K 0.01%
54,099
+1,800
+3% +$35K
KBH icon
860
KB Home
KBH
$3.59B
$971K 0.01%
21,697
-800
-4% -$33.5K
MUR icon
861
Murphy Oil
MUR
$4.78B
$961K 0.01%
36,795
+400
+1% +$11.1K
HPP
862
Hudson Pacific Properties
HPP
$779M
$955K 0.01%
5,523
+71
+1% +$12.9K
GAP
863
The Gap Inc
GAP
$7.37B
$952K 0.01%
53,933
-100
-0.2% -$2.09K
DMTK
864
DELISTED
DermTech, Inc. Common Stock
DMTK
$948K 0.01%
60,000
– –
PSB
865
DELISTED
PS Business Parks, Inc.
PSB
$941K ﹤0.01%
5,109
+100
+2% +$17.6K
GATX icon
866
GATX Corp
GATX
$6.27B
$940K ﹤0.01%
9,020
+100
+1% +$9.97K
HQY icon
867
HealthEquity
HQY
$8.75B
$936K ﹤0.01%
21,166
+300
+1% +$17.5K
MAC icon
868
Macerich
MAC
$6.92B
$932K ﹤0.01%
53,949
+600
+1% +$11.2K
HOMB icon
869
Home BancShares
HOMB
$6.18B
$929K ﹤0.01%
38,168
+300
+0.8% +$7.39K
FHI icon
870
Federated Hermes
FHI
$4.72B
$923K ﹤0.01%
24,549
+100
+0.4% +$3.47K
SLGN icon
871
Silgan Holdings
SLGN
$4.41B
$912K ﹤0.01%
21,296
+300
+1% +$12.4K
KEX icon
872
Kirby Corp
KEX
$6.93B
$904K ﹤0.01%
15,213
+200
+1% +$11.2K
EPR icon
873
EPR Properties
EPR
$4.77B
$899K ﹤0.01%
18,929
+200
+1% +$9.93K
COTY icon
874
Coty
COTY
$2.48B
$893K ﹤0.01%
85,000
+1,200
+1% +$11.3K
KMPR icon
875
Kemper
KMPR
$1.68B
$891K ﹤0.01%
15,153
+200
+1% +$12.2K
33 34
35
36 37

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.