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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
TSM icon
126
TSMC
TSM
$2.18T
$24.7M 0.13%
205,700
+63,100
+44% +$7.39M
BKNG icon
127
Booking.com
BKNG
$161B
$24.7M 0.13%
257,600
– –
USB icon
128
US Bancorp
USB
$99.6B
$24.7M 0.13%
439,699
+100,900
+30% +$5.97M
DE icon
129
Deere & Co
DE
$168B
$24.3M 0.13%
70,989
-300
-0.4% -$104K
MBB icon
130
iShares MBS ETF
MBB
$39.1B
$24.3M 0.13%
225,800
– –
COP icon
131
ConocoPhillips
COP
$141B
$24M 0.13%
332,098
-4,100
-1% -$299K
ADI icon
132
Analog Devices
ADI
$190B
$23.8M 0.12%
135,301
-1,123
-0.8% -$199K
MDLZ icon
133
Mondelez International
MDLZ
$79.9B
$23.3M 0.12%
351,203
+200
+0.1% +$12.3K
TJX icon
134
TJX Companies
TJX
$178B
$23M 0.12%
302,745
-200
-0.1% -$13.9K
QUAL icon
135
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$22.8M 0.12%
156,633
-1,197,465
-88% -$169M
CCI icon
136
Crown Castle
CCI
$32.2B
$22.7M 0.12%
108,807
+300
+0.3% +$55.4K
CI icon
137
Cigna
CI
$74.6B
$22.3M 0.12%
97,212
+6,338
+7% +$1.35M
APH icon
138
Amphenol
APH
$209B
$22.2M 0.12%
507,792
+207,400
+69% +$8.4M
MRSH
139
Marsh
MRSH
$91.5B
$22.1M 0.12%
127,136
-100
-0.1% -$16.6K
PNC icon
140
PNC Financial Services
PNC
$101B
$21.3M 0.11%
106,447
-300
-0.3% -$61.1K
ITW icon
141
Illinois Tool Works
ITW
$84.5B
$21.1M 0.11%
85,387
+7,544
+10% +$1.75M
CSX icon
142
CSX Corp
CSX
$93.1B
$21M 0.11%
558,369
-7,700
-1% -$272K
CB icon
143
Chubb
CB
$135B
$21M 0.11%
108,439
-1,700
-2% -$319K
TWTR
144
DELISTED
Twitter, Inc.
TWTR
$20.9M 0.11%
482,956
+900
+0.2% +$46.8K
FIS icon
145
Fidelity National Information Services
FIS
$22.1B
$20.8M 0.11%
190,955
+26,522
+16% +$3M
CME icon
146
CME Group
CME
$94.8B
$20.7M 0.11%
90,489
+300
+0.3% +$66K
DUK icon
147
Duke Energy
DUK
$97.3B
$20.3M 0.11%
193,670
+500
+0.3% +$50.7K
CHTR icon
148
Charter Communications
CHTR
$18.2B
$20.3M 0.11%
31,116
-700
-2% -$477K
TFC icon
149
Truist Financial
TFC
$64B
$19.7M 0.1%
336,126
+1,000
+0.3% +$61.1K
EQIX icon
150
Equinix
EQIX
$103B
$19.2M 0.1%
22,690
+200
+0.9% +$160K
4 5
6
7 8

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.