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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
BCO icon
901
Brink's
BCO
$4.62B
$817K ﹤0.01%
12,461
– –
CALY
902
Callaway Golf Company
CALY
$3.14B
$815K ﹤0.01%
29,700
+400
+1% +$11.1K
CBT icon
903
Cabot Corp
CBT
$4.52B
$810K ﹤0.01%
14,409
+200
+1% +$11K
AM icon
904
Antero Midstream
AM
$10.1B
$797K ﹤0.01%
82,290
+1,000
+1% +$10.4K
CDP icon
905
COPT Defense Properties
CDP
$4.21B
$796K ﹤0.01%
28,470
+300
+1% +$8.28K
CVLT icon
906
Commault Systems
CVLT
$5.61B
$793K ﹤0.01%
11,503
– –
MRCY icon
907
Mercury Systems
MRCY
$6.52B
$789K ﹤0.01%
14,335
+300
+2% +$15.2K
XRX icon
908
Xerox
XRX
$425M
$788K ﹤0.01%
34,800
+400
+1% +$8.13K
OLLI icon
909
Ollie's Bargain Outlet
OLLI
$4.94B
$785K ﹤0.01%
15,340
+100
+0.7% +$6.09K
TPH
910
DELISTED
Tri Pointe Homes
TPH
$785K ﹤0.01%
28,137
-400
-1% -$10.1K
VC icon
911
Visteon
VC
$2.78B
$785K ﹤0.01%
7,062
+100
+1% +$11.1K
SBRA icon
912
Sabra Healthcare REIT
SBRA
$5.37B
$784K ﹤0.01%
57,924
+2,600
+5% +$36.8K
TEX icon
913
Terex
TEX
$7.74B
$777K ﹤0.01%
17,674
+200
+1% +$8.98K
TCBI icon
914
Texas Capital Bancshares
TCBI
$4.32B
$775K ﹤0.01%
12,861
+200
+2% +$12.1K
FNF icon
915
Fidelity National Financial
FNF
$13.5B
$771K ﹤0.01%
15,367
+7,983
+108% +$382K
CBRL icon
916
Cracker Barrel
CBRL
$1.29B
$770K ﹤0.01%
5,988
– –
NWE icon
917
NorthWestern Energy
NWE
$4.43B
$764K ﹤0.01%
13,361
+400
+3% +$22.7K
KMT icon
918
Kennametal
KMT
$2.52B
$760K ﹤0.01%
21,167
+200
+1% +$7.44K
FCFS icon
919
FirstCash
FCFS
$8.78B
$755K ﹤0.01%
10,098
– –
MLKN icon
920
MillerKnoll
MLKN
$1.67B
$754K ﹤0.01%
19,249
+400
+2% +$15.6K
BDC icon
921
Belden
BDC
$5.19B
$750K ﹤0.01%
11,414
+200
+2% +$12.5K
PCG icon
922
PG&E
PCG
$38.5B
$750K ﹤0.01%
61,760
+26,660
+76% +$312K
CNO icon
923
CNO Financial Group
CNO
$5.1B
$746K ﹤0.01%
31,279
-700
-2% -$17.2K
PEB icon
924
Pebblebrook Hotel Trust
PEB
$2.05B
$746K ﹤0.01%
33,335
+400
+1% +$9.01K
WERN icon
925
Werner Enterprises
WERN
$2.25B
$737K ﹤0.01%
15,463
– –
35 36
37
38 39

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.