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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
REGN icon
151
Regeneron Pharmaceuticals
REGN
$80.8B
$18.9M 0.1%
29,968
+2,676
+10% +$1.65M
PGR icon
152
Progressive
PGR
$125B
$18.8M 0.1%
183,419
+16,444
+10% +$1.57M
FDX icon
153
FedEx
FDX
$75.4B
$18.8M 0.1%
72,657
+6,470
+10% +$1.55M
SO icon
154
Southern Company
SO
$107B
$18.3M 0.1%
266,782
+900
+0.3% +$57.4K
FISV
155
Fiserv Inc
FISV
$27.9B
$18.3M 0.1%
176,230
+21,072
+14% +$2.18M
NSC icon
156
Norfolk Southern
NSC
$75.1B
$18.3M 0.1%
61,311
-700
-1% -$195K
BDX icon
157
Becton Dickinson
BDX
$48.2B
$18.2M 0.1%
74,104
+205
+0.3% +$49.1K
CL icon
158
Colgate-Palmolive
CL
$74.4B
$18.1M 0.09%
212,236
+400
+0.2% +$31.2K
PSA icon
159
Public Storage
PSA
$61.3B
$17.9M 0.09%
47,866
+4,966
+12% +$1.66M
KLAC icon
160
KLA
KLAC
$259B
$17.9M 0.09%
415,450
+18,520
+5% +$715K
COF icon
161
Capital One
COF
$134B
$17.7M 0.09%
122,188
+4,284
+4% +$662K
XLV icon
162
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$17.6M 0.09%
125,128
+1,600
+1% +$212K
NXPI icon
163
NXP Semiconductors
NXPI
$60.4B
$17.6M 0.09%
77,380
+7,180
+10% +$1.53M
ETN icon
164
Eaton
ETN
$174B
$17.4M 0.09%
100,400
-4,700
-4% -$779K
TMUS icon
165
T-Mobile US
TMUS
$190B
$17.1M 0.09%
147,800
+500
+0.3% +$58.8K
SSYS icon
166
Stratasys
SSYS
$774M
$17.1M 0.09%
697,503
– –
APD icon
167
Air Products & Chemicals
APD
$67.6B
$16.9M 0.09%
55,685
-82,600
-60% -$24.3M
ICLR icon
168
Icon
ICLR
$12.7B
$16.8M 0.09%
54,170
+20,700
+62% +$5.79M
FAST icon
169
Fastenal
FAST
$59.5B
$16.8M 0.09%
523,160
+211,816
+68% +$6.24M
ADSK icon
170
Autodesk
ADSK
$52.6B
$16.7M 0.09%
59,523
+2,120
+4% +$618K
AON icon
171
Aon
AON
$76B
$16.7M 0.09%
55,424
-7,500
-12% -$2.25M
BABA icon
172
Alibaba
BABA
$308B
$16.5M 0.09%
138,650
+28,400
+26% +$4.14M
EXC icon
173
Exelon
EXC
$47B
$16.4M 0.09%
398,542
+20,721
+5% +$780K
JCI icon
174
Johnson Controls International
JCI
$92.2B
$16.3M 0.09%
200,871
+10,786
+6% +$816K
NOC icon
175
Northrop Grumman
NOC
$81.2B
$16.2M 0.09%
41,885
+2,352
+6% +$876K
5 6
7
8 9

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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
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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.