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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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$2.17B 11.38%
4,571,540
-139,900
-3% -$64.2M
AAPL icon
2
Apple
AAPL
$4.9T
$852M 4.47%
4,797,394
+45,240
+1% +$7.15M
MSFT icon
3
Microsoft
MSFT
$3.35T
$852M 4.46%
2,532,645
+41,120
+2% +$13.3M
T icon
4
AT&T
T
$159B
$575M 3.01%
30,928,016
+16,528,575
+115% +$309M
AMZN icon
5
Amazon
AMZN
$2.53T
$476M 2.49%
2,852,540
+54,000
+2% +$9.24M
BMY icon
6
Bristol-Myers Squibb
BMY
$132B
$374M 1.96%
5,994,467
+627,924
+12% +$36.8M
AGG icon
7
iShares Core US Aggregate Bond ETF
AGG
$138B
$357M 1.87%
3,131,300
+218,000
+7% +$24.9M
LQD icon
8
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$356M 1.86%
2,683,900
-943,000
-26% -$125M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.08T
$333M 1.75%
2,300,300
+86,720
+4% +$12.5M
ATH
10
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$325M 1.71%
3,905,586
+2,786
+0.1% +$229K
MTUM icon
11
iShares MSCI USA Momentum Factor ETF
MTUM
$24.9B
$300M 1.57%
1,652,450
+6,910
+0.4% +$1.27M
META icon
12
Meta Platforms (Facebook)
META
$1.37T
$279M 1.46%
828,061
+73,804
+10% +$24.5M
NVDA icon
13
NVIDIA
NVDA
$4.72T
$247M 1.29%
8,393,040
-31,800
-0.4% -$875K
TSLA icon
14
Tesla
TSLA
$1.22T
$216M 1.13%
614,400
+3,300
+0.5% +$1.11M
GOOG icon
15
Alphabet (Google) Class C
GOOG
$4.08T
$210M 1.1%
1,450,980
+13,760
+1% +$1.99M
SPG icon
16
Simon Property Group
SPG
$74.7B
$190M 1%
1,188,171
+5,236
+0.4% +$799K
VZ icon
17
Verizon
VZ
$193B
$184M 0.96%
3,542,335
+2,800
+0.1% +$146K
UNH icon
18
UnitedHealth
UNH
$383B
$164M 0.86%
327,115
+3,500
+1% +$1.58M
HD icon
19
Home Depot
HD
$332B
$158M 0.83%
380,656
-1,300
-0.3% -$495K
CRM icon
20
Salesforce
CRM
$148B
$145M 0.76%
569,992
+2,500
+0.4% +$702K
CVS icon
21
CVS Health
CVS
$134B
$145M 0.76%
1,402,357
+29,594
+2% +$2.73M
ACN icon
22
Accenture
ACN
$99.9B
$141M 0.74%
340,753
+15,700
+5% +$5.72M
VST icon
23
Vistra
VST
$50.1B
$135M 0.71%
5,946,244
+10,944
+0.2% +$219K
JNJ icon
24
Johnson & Johnson
JNJ
$617B
$125M 0.66%
731,487
+49,400
+7% +$8.09M
MA icon
25
Mastercard
MA
$510B
$121M 0.63%
335,404
+49,040
+17% +$17M
1
2 3 4 5

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
SAM
SEB Asset Management Stockholm $23.4B AUM

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.