STATE OF MICHIGAN RETIREMENT SYSTEM

Q4 2021 13F-HR Holdings

Location
East Lansing, MI
Holdings as of
12/31/2021
Date filed
1/27/2022
Form type
13F-HR
Num holdings
975
Total value ($000)
$19,077,334
Net value change ($000)
+1,493,286 (8.5%)
New positions
33
Sold out positions
33
Turnover %
1.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/27/2021 Next filing: 5/4/2022 SEC filing

Snapshot: Change Analysis

Compared to Q3 2021
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
T 280,891 95.6%
AAPL 179,443 26.7%
SPY 149,432 7.4%
MSFT 149,368 21.3%
NVDA 72,319 41.4%
TSLA 58,464 37.0%
ATH-PA 56,666 21.1%
BMY 56,217 17.7%
UNH 37,809 29.9%
GOOGL 37,300 12.6%
Top Reduces (Value $000, Stocks/ETFs)
QUAL -155,576 -87.2%
VLUE -151,032 -82.6%
UGI -130,043 -97.9%
LQD -126,817 -26.3%
ARI -80,971 -100.0%
PYPL -65,159 -47.2%
Midstream Co LLC -55,524 -87.0%
V -44,392 -31.3%
SNAP -37,180 -73.5%
A -24,098 -66.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type