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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
WM icon
176
Waste Management
WM
$91B
$16.2M 0.08%
96,874
-400
-0.4% -$64.3K
D icon
177
Dominion Energy
D
$59.3B
$16M 0.08%
203,923
+900
+0.4% +$67.7K
EOG icon
178
EOG Resources
EOG
$70.7B
$15.6M 0.08%
175,502
+16,778
+11% +$1.51M
HCA icon
179
HCA Healthcare
HCA
$89.5B
$15.5M 0.08%
60,282
-1,600
-3% -$392K
FCX icon
180
Freeport-McMoran
FCX
$97.5B
$15.4M 0.08%
369,663
+1,000
+0.3% +$38K
TEL icon
181
TE Connectivity
TEL
$62.6B
$15.4M 0.08%
95,377
+8,376
+10% +$1.29M
ODFL icon
182
Old Dominion Freight Line
ODFL
$44.9B
$15.3M 0.08%
85,312
+35,016
+70% +$5.91M
BSX icon
183
Boston Scientific
BSX
$71.5B
$15.2M 0.08%
358,765
+1,200
+0.3% +$50.4K
CPRT icon
184
Copart
CPRT
$27.5B
$15.2M 0.08%
400,340
+171,568
+75% +$6.37M
HUM icon
185
Humana
HUM
$46.2B
$15M 0.08%
32,355
+100
+0.3% +$44.3K
ILMN icon
186
Illumina
ILMN
$28.4B
$15M 0.08%
40,486
+2,570
+7% +$974K
DHI icon
187
D.R. Horton
DHI
$42.3B
$14.6M 0.08%
134,633
+34,148
+34% +$3.29M
HPQ icon
188
HP
HPQ
$27.5B
$14.6M 0.08%
386,589
+46,238
+14% +$1.51M
ATVI
189
DELISTED
Activision Blizzard
ATVI
$14.4M 0.08%
216,002
+12,560
+6% +$858K
FDS icon
190
Factset
FDS
$10.2B
$14.4M 0.08%
29,560
+19,035
+181% +$8.54M
TROW icon
191
T. Rowe Price
TROW
$24.3B
$14.4M 0.08%
73,030
+8,392
+13% +$1.7M
SPOT icon
192
Spotify
SPOT
$100B
$14.3M 0.07%
60,931
– –
SNPS icon
193
Synopsys
SNPS
$79.7B
$14.2M 0.07%
38,423
+100
+0.3% +$33.7K
XLNX
194
DELISTED
Xilinx Inc
XLNX
$14.1M 0.07%
66,541
+2,704
+4% +$533K
VRTX icon
195
Vertex Pharmaceuticals
VRTX
$126B
$14.1M 0.07%
64,034
-1,100
-2% -$214K
EMR icon
196
Emerson Electric
EMR
$88.3B
$14M 0.07%
150,504
+400
+0.3% +$37.7K
CTSH icon
197
Cognizant
CTSH
$26B
$13.9M 0.07%
157,125
+16,956
+12% +$1.36M
CDNS icon
198
Cadence Design Systems
CDNS
$93.4B
$13.9M 0.07%
74,762
+3,208
+4% +$559K
DG icon
199
Dollar General
DG
$27.9B
$13.8M 0.07%
58,708
-600
-1% -$133K
CNC icon
200
Centene
CNC
$32.5B
$13.8M 0.07%
167,756
+12,476
+8% +$914K
6 7
8
9 10

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.