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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
CRNC icon
926
Cerence
CRNC
$410M
$736K ﹤0.01%
9,600
+100
+1% +$8.82K
CNX icon
927
CNX Resources
CNX
$5.27B
$735K ﹤0.01%
53,488
-1,100
-2% -$15.5K
VSH icon
928
Vishay Intertechnology
VSH
$5.22B
$735K ﹤0.01%
33,626
+400
+1% +$8.21K
NGVT icon
929
Ingevity
NGVT
$2.62B
$717K ﹤0.01%
10,003
+100
+1% +$7.61K
DY icon
930
Dycom Industries
DY
$12.3B
$716K ﹤0.01%
7,641
-100
-1% -$8.46K
DASH icon
931
DoorDash
DASH
$92.2B
$711K ﹤0.01%
+4,775
New +$904K
FULT icon
932
Fulton Financial
FULT
$4.62B
$696K ﹤0.01%
40,920
+100
+0.2% +$1.65K
SABR icon
933
Sabre
SABR
$823M
$694K ﹤0.01%
80,801
– –
NWS icon
934
News Corp Class B
NWS
$17.5B
$689K ﹤0.01%
30,644
+100
+0.3% +$2.29K
VICR icon
935
Vicor
VICR
$9.94B
$686K ﹤0.01%
+5,400
New +$765K
TRIP icon
936
TripAdvisor
TRIP
$1.25B
$684K ﹤0.01%
25,101
+400
+2% +$12.3K
NUVA
937
DELISTED
NuVasive, Inc.
NUVA
$680K ﹤0.01%
12,950
– –
HAE icon
938
Haemonetics
HAE
$3.95B
$677K ﹤0.01%
12,756
– –
ALLY icon
939
Ally Financial
ALLY
$13.4B
$655K ﹤0.01%
13,764
+8,464
+160% +$419K
PRG icon
940
PROG Holdings
PRG
$1.71B
$649K ﹤0.01%
14,387
-2,300
-14% -$104K
PDCO
941
DELISTED
Patterson Companies, Inc.
PDCO
$645K ﹤0.01%
21,991
+400
+2% +$12.5K
ENR icon
942
Energizer
ENR
$1.51B
$639K ﹤0.01%
15,936
+200
+1% +$7.68K
JWN
943
DELISTED
Nordstrom
JWN
$638K ﹤0.01%
28,200
+300
+1% +$7.95K
NUS icon
944
Nu Skin
NUS
$256M
$636K ﹤0.01%
12,535
– –
AMKR icon
945
Amkor Technology
AMKR
$13.4B
$630K ﹤0.01%
25,400
+300
+1% +$6.98K
WLY icon
946
John Wiley & Sons Class A
WLY
$2.65B
$630K ﹤0.01%
10,993
+100
+0.9% +$5.41K
YELP icon
947
Yelp
YELP
$1.34B
$627K ﹤0.01%
17,297
– –
TRN icon
948
Trinity Industries
TRN
$2.32B
$626K ﹤0.01%
20,727
-200
-1% -$5.71K
GO icon
949
Grocery Outlet
GO
$972M
$625K ﹤0.01%
22,100
+200
+0.9% +$5.13K
FIGS icon
950
FIGS
FIGS
$2.4B
$623K ﹤0.01%
+22,622
New +$745K
36 37
38
39 40

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.