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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
ALE
876
DELISTED
Allete
ALE
$886K ﹤0.01%
13,350
+300
+2% +$18.8K
FLR icon
877
Fluor
FLR
$7.96B
$886K ﹤0.01%
35,785
+400
+1% +$8.51K
PGNY icon
878
Progyny
PGNY
$2.2B
$886K ﹤0.01%
17,600
+400
+2% +$22.4K
LOPE icon
879
Grand Canyon Education
LOPE
$3.98B
$872K ﹤0.01%
10,172
-1,100
-10% -$90.7K
SSNC icon
880
SS&C Technologies
SSNC
$18.6B
$867K ﹤0.01%
10,570
+7,270
+220% +$560K
NAVI icon
881
Navient
NAVI
$853M
$866K ﹤0.01%
40,794
-1,300
-3% -$26.3K
BOH icon
882
Bank of Hawaii
BOH
$3.13B
$863K ﹤0.01%
10,299
+200
+2% +$16.8K
RCM
883
DELISTED
R1 RCM Inc. Common Stock
RCM
$862K ﹤0.01%
33,800
+300
+0.9% +$7.19K
ASB icon
884
Associated Banc-Corp
ASB
$5.91B
$859K ﹤0.01%
38,031
-300
-0.8% -$6.78K
COLM icon
885
Columbia Sportswear
COLM
$2.94B
$853K ﹤0.01%
8,756
– –
SR icon
886
Spire
SR
$4.85B
$852K ﹤0.01%
13,056
+100
+0.8% +$6.32K
SFM icon
887
Sprouts Farmers Market
SFM
$8.01B
$844K ﹤0.01%
28,443
-200
-0.7% -$5.01K
BFH icon
888
Bread Financial
BFH
$4.38B
$840K ﹤0.01%
12,620
-3,068
-20% -$227K
CATY icon
889
Cathay General Bancorp
CATY
$4.24B
$840K ﹤0.01%
19,539
– –
ENS icon
890
EnerSys
ENS
$6.99B
$838K ﹤0.01%
10,598
-100
-0.9% -$7.81K
SIX
891
DELISTED
Six Flags Entertainment Corp.
SIX
$836K ﹤0.01%
19,629
+300
+2% +$12.5K
DAN icon
892
Dana Inc
DAN
$3.06B
$833K ﹤0.01%
36,521
+100
+0.3% +$2.32K
MZTI
893
The Marzetti Company
MZTI
$3.11B
$833K ﹤0.01%
5,029
+100
+2% +$16.4K
JBGS
894
JBG SMITH
JBGS
$708M
$832K ﹤0.01%
28,963
-100
-0.3% -$2.93K
VSAT icon
895
Viasat
VSAT
$11.1B
$830K ﹤0.01%
18,624
+300
+2% +$15.5K
DELL icon
896
Dell
DELL
$293B
$829K ﹤0.01%
14,758
+4,696
+47% +$262K
RAMP icon
897
LiveRamp
RAMP
$2.3B
$829K ﹤0.01%
17,282
+300
+2% +$15.1K
BLKB icon
898
Blackbaud
BLKB
$2.08B
$827K ﹤0.01%
10,472
-100
-0.9% -$7.72K
VMW
899
DELISTED
VMware, Inc
VMW
$823K ﹤0.01%
+7,100
New +$934K
KD icon
900
Kyndryl
KD
$3.05B
$822K ﹤0.01%
+45,400
New +$980K
34 35
36
37 38

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.