STATE OF MICHIGAN RETIREMENT SYSTEM's Q4 2021 13F: 31 new positions, 32 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Jan 27, 2022 · 975 reported positions · accession 0000762152-22-000001
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | ATT INC (T) | 1.7% | 3.0% | +1.3 pts | +12.48M sh | +115% |
| Reduced | ISHARES TR (QUAL) | 1.0% | 0.1% | −0.9 pts | −1.2M sh | −88% |
| Reduced | ISHARES TR (VLUE) | 1.0% | 0.2% | −0.9 pts | −1.53M sh | −84% |
| Reduced | UGI CORP NEW (UGI) | 0.8% | 0.0% | −0.7 pts | −3.06M sh | −98% |
| Reduced | ISHARES TR (LQD) | 2.7% | 1.9% | −0.9 pts | −943K sh | −26% |
| Exited | APOLLO COML REAL EST FIN INC (ARI) | 0.5% | — | −0.5 pts | −5.46M sh | −100% |
| Reduced | SPDR S P 500 ETF TR (SPY) | 11.5% | 11.4% | −0.1 pts | −140K sh | −3% |
| Reduced | EQUITRANS MIDSTREAM CORP (ETRN) | 0.4% | 0.0% | −0.3 pts | −5.49M sh | −87% |
| Reduced | VISA INC (V) | 0.8% | 0.5% | −0.3 pts | −187K sh | −29% |
| Increased | BRISTOL MYERS SQUIBB CO (BMY) | 1.8% | 2.0% | +0.2 pts | +628K sh | +12% |
| Increased | LIVE NATION ENTERTAINMENT IN (LYV) | 0.0% | 0.2% | +0.2 pts | +251K sh | +757% |
| Reduced | PAYPAL HLDGS INC (PYPL) | 0.8% | 0.4% | −0.4 pts | −144K sh | −27% |
| Reduced | AIR PRODS CHEMS INC (APD) | 0.2% | 0.1% | −0.1 pts | −82,600 sh | −60% |
| Increased | ISHARES TR (AGG) | 1.9% | 1.9% | 0.0 pts | +218K sh | +7% |
| Increased | META PLATFORMS INC (META) | 1.5% | 1.5% | 0.0 pts | +73,804 sh | +10% |
| Reduced | AGILENT TECHNOLOGIES INC (A) | 0.2% | 0.1% | −0.1 pts | −154K sh | −67% |
| Exited | ELLINGTON FINANCIAL INC (EFC) | 0.1% | — | −0.1 pts | −1.22M sh | −100% |
| Increased | GENERAC HLDGS INC (GNRC) | 0.0% | 0.2% | +0.1 pts | +67,300 sh | +426% |
| Exited | GRANITE PT MTG TR INC (GPMT) | 0.1% | — | −0.1 pts | −1.6M sh | −100% |
| Increased | ENDAVA PLC (DAVA) | 0.1% | 0.2% | +0.1 pts | +121K sh | +90% |
| Exited | BLACKROCK TCP CAPITAL CORP (TCPC) | 0.1% | — | −0.1 pts | −1.32M sh | −100% |
| Exited | SIRIUSPOINT LTD (SPNT) | 0.1% | — | −0.1 pts | −1.93M sh | −100% |
| Reduced | SNAP INC (SNAP) | 0.3% | 0.1% | −0.2 pts | −400K sh | −58% |
| Increased | ECOLAB INC (ECL) | 0.1% | 0.2% | +0.1 pts | +79,900 sh | +128% |
| Exited | UPSTART HLDGS INC (UPST) | 0.1% | — | −0.1 pts | −51,885 sh | −100% |
| Increased | MASTERCARD INCORPORATED (MA) | 0.6% | 0.6% | +0.1 pts | +49,040 sh | +17% |
| Reduced | WELLS FARGO CO NEW (WFC) | 0.4% | 0.3% | −0.1 pts | −320K sh | −23% |
| Exited | SELECT SECTOR SPDR TR (XLF) | 0.1% | — | −0.1 pts | −365K sh | −100% |
| Increased | INTEL CORP (INTC) | 0.4% | 0.4% | 0.0 pts | +275K sh | +23% |
| Increased | MICROSOFT CORP (MSFT) | 4.0% | 4.5% | +0.5 pts | +41,120 sh | +2% |
| Increased | AMERICAN EXPRESS CO (AXP) | 0.1% | 0.1% | +0.1 pts | +81,000 sh | +105% |
| New | WNS HLDGS LTD (WNS) | — | 0.1% | +0.1 pts | +143K sh | new |
| Increased | ALPHABET INC (GOOGL) | 1.7% | 1.7% | +0.1 pts | +4,336 sh | +4% |
| Increased | GILEAD SCIENCES INC (GILD) | 0.4% | 0.5% | 0.0 pts | +172K sh | +15% |
| Increased | BROADCOM INC (AVGO) | 0.3% | 0.4% | +0.1 pts | +17,800 sh | +17% |
| Increased | EDWARDS LIFESCIENCES CORP (EW) | 0.1% | 0.2% | +0.1 pts | +91,376 sh | +57% |
| Increased | MSCI INC (MSCI) | 0.5% | 0.5% | 0.0 pts | +18,800 sh | +13% |
| Increased | COSTCO WHSL CORP NEW (COST) | 0.3% | 0.4% | +0.1 pts | +20,100 sh | +17% |
| Increased | CISCO SYS INC (CSCO) | 0.4% | 0.4% | +0.1 pts | +172K sh | +15% |
| Increased | IDEXX LABS INC (IDXX) | 0.1% | 0.1% | +0.1 pts | +16,364 sh | +73% |
| Exited | SUBURBAN PROPANE PARTNERS L (SPH) | 0.1% | — | −0.1 pts | −610K sh | −100% |
| Increased | INTUITIVE SURGICAL INC (ISRG) | 0.2% | 0.2% | 0.0 pts | +26,100 sh | +29% |
| Increased | FACTSET RESH SYS INC (FDS) | 0.0% | 0.1% | +0.1 pts | +19,035 sh | +181% |
| Increased | AMPHENOL CORP NEW (APH) | 0.1% | 0.1% | +0.1 pts | +104K sh | +69% |
| Increased | AMAZON COM INC (AMZN) | 2.6% | 2.5% | −0.1 pts | +2,700 sh | +2% |
| Increased | INTERCONTINENTAL EXCHANGE IN (ICE) | 0.1% | 0.1% | +0.1 pts | +64,100 sh | +45% |
| Increased | JOHNSON JOHNSON (JNJ) | 0.6% | 0.7% | 0.0 pts | +49,400 sh | +7% |
| Exited | UIPATH INC (PATH) | 0.0% | — | 0.0 pts | −142K sh | −100% |
| Increased | APPLE INC (AAPL) | 3.8% | 4.5% | +0.6 pts | +45,240 sh | +1% |
| Reduced | STRYKER CORPORATION (SYK) | 0.3% | 0.3% | −0.1 pts | −29,700 sh | −14% |
The 50 largest of 914 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- FIRSTCASH HOLDINGS INC (FCFS): 33767D105 → 33768G107, 10,098 → 10,098 shares
Top 10 positions — 35.0% of the equity book
Changes in the top 10 this quarter: ATH entered · MTUM left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SPDR S P 500 ETF TR (SPY) | 11.5% | 11.4% | |
| 2 | APPLE INC (AAPL) | 3.8% | 4.5% | |
| 3 | MICROSOFT CORP (MSFT) | 4.0% | 4.5% | |
| 4 | ATT INC (T) | 1.7% | 3.0% | |
| 5 | AMAZON COM INC (AMZN) | 2.6% | 2.5% | |
| 6 | BRISTOL MYERS SQUIBB CO (BMY) | 1.8% | 2.0% | |
| 7 | ISHARES TR (AGG) | 1.9% | 1.9% | |
| 8 | ISHARES TR (LQD) | 2.7% | 1.9% | |
| 9 | ALPHABET INC (GOOGL) | 1.7% | 1.7% | |
| 10 | ATHENE HOLDING LTD (ATH) | 1.5% | 1.7% | Entered the top 10 |
| — | ISHARES TR (MTUM) | 1.6% | 1.6% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).