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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
PLD icon
101
Prologis
PLD
$133B
$33.8M 0.18%
200,652
+7,608
+4% +$1.14M
AMT icon
102
American Tower
AMT
$80.4B
$33.5M 0.18%
114,695
+400
+0.3% +$109K
ECL icon
103
Ecolab
ECL
$79.9B
$33.4M 0.18%
142,395
+79,900
+128% +$18.1M
EW icon
104
Edwards Lifesciences
EW
$51.7B
$32.7M 0.17%
252,319
+91,376
+57% +$10.7M
SCHW
105
Charles Schwab
SCHW
$187B
$31.8M 0.17%
378,540
+1,600
+0.4% +$129K
VLUE icon
106
iShares MSCI USA Value Factor ETF
VLUE
$9.47B
$31.7M 0.17%
289,650
-1,525,050
-84% -$160M
GM icon
107
General Motors
GM
$76.8B
$31.6M 0.17%
539,410
+112,348
+26% +$6.56M
ELV icon
108
Elevance Health
ELV
$85.5B
$31.2M 0.16%
67,228
+3,318
+5% +$1.4M
F icon
109
Ford
F
$55.7B
$30.5M 0.16%
1,470,835
+307,582
+26% +$5.66M
GNRC icon
110
Generac Holdings
GNRC
$12.5B
$29.2M 0.15%
83,100
+67,300
+426% +$27.9M
ADP icon
111
Automatic Data Processing
ADP
$108B
$28.3M 0.15%
114,790
+4,736
+4% +$1.07M
CAT icon
112
Caterpillar
CAT
$387B
$28.2M 0.15%
136,176
-1,300
-0.9% -$262K
ICE icon
113
Intercontinental Exchange
ICE
$84.4B
$28.1M 0.15%
205,510
+64,100
+45% +$8.49M
BA icon
114
Boeing
BA
$185B
$28M 0.15%
139,071
+700
+0.5% +$148K
LRCX icon
115
Lam Research
LRCX
$390B
$27.9M 0.15%
387,690
+17,840
+5% +$1.12M
MMM icon
116
3M
MMM
$94.3B
$27.5M 0.14%
185,469
-239
-0.1% -$35.6K
LMT icon
117
Lockheed Martin
LMT
$136B
$26.8M 0.14%
75,302
+7,012
+10% +$2.43M
XYZ
118
Block Inc
XYZ
$47.5B
$26.8M 0.14%
165,646
-35,000
-17% -$7.58M
GE icon
119
GE Aerospace
GE
$384B
$26.1M 0.14%
443,726
+1,284
+0.3% +$80.7K
MRNA icon
120
Moderna
MRNA
$23.6B
$26.1M 0.14%
102,600
+14,400
+16% +$4.21M
AXP icon
121
American Express
AXP
$230B
$25.8M 0.14%
158,000
+81,000
+105% +$13.8M
MO icon
122
Altria Group
MO
$114B
$25.8M 0.14%
543,592
+48,468
+10% +$2.22M
IDXX icon
123
Idexx Laboratories
IDXX
$46.2B
$25.6M 0.13%
38,818
+16,364
+73% +$10.3M
EL icon
124
Estee Lauder
EL
$32B
$25.2M 0.13%
68,101
+9,900
+17% +$3.36M
SHW icon
125
Sherwin-Williams
SHW
$89.8B
$24.8M 0.13%
70,415
+5,868
+9% +$1.9M
3 4
5
6 7

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.