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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
+0.37%
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
$17.6B
AUM Growth
+$549M
Cap. Flow
+$643M
Cap. Flow %
3.66%
Top 10 Hldgs %
33.38%
Holding
997
New
28
Increased
217
Reduced
551
Closed
22

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.5B
2
VLUE icon
iShares MSCI USA Value Factor ETF
VLUE
+$178M
3
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$175M
4
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$162M
5
BMY icon
Bristol-Myers Squibb
BMY
+$92.6M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$110M
2
MSFT icon
Microsoft
MSFT
+$76.9M
3
MS icon
Morgan Stanley
MS
+$66.1M
4
SPG icon
Simon Property Group
SPG
+$65.1M
5
CSCO icon
Cisco
CSCO
+$61M

Sector Composition

Rank Sector Weight
1 Technology 19.41%
2 Healthcare 11.8%
3 Financials 11.02%
4 Communication Services 9.45%
5 Consumer Discretionary 8.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCHP icon
226
Microchip Technology
MCHP
$44.3B
$10.6M 0.06%
137,694
+200
+0.1% +$15K
SLB icon
227
SLB Ltd
SLB
$77.7B
$10.4M 0.06%
351,146
-400
-0.1% -$11.5K
CTSH icon
228
Cognizant
CTSH
$26B
$10.4M 0.06%
140,169
-503,600
-78% -$37.2M
SIVB
229
DELISTED
SVB Financial Group
SIVB
$10.4M 0.06%
16,072
+1,100
+7% +$638K
TT icon
230
Trane Technologies
TT
$105B
$10.3M 0.06%
59,615
-500
-0.8% -$96.2K
DLR icon
231
Digital Realty Trust
DLR
$70.8B
$10.2M 0.06%
70,922
+100
+0.1% +$15.7K
AEP icon
232
American Electric Power
AEP
$66.8B
$10.2M 0.06%
125,623
– –
MAR icon
233
Marriott International
MAR
$90.5B
$10.2M 0.06%
68,710
+1,600
+2% +$223K
SRE icon
234
Sempra
SRE
$55.3B
$10.1M 0.06%
160,376
+2,000
+1% +$132K
PTON icon
235
Peloton Interactive
PTON
$2.4B
$10.1M 0.06%
116,477
– –
APTV icon
236
Aptiv
APTV
$10.1B
$10.1M 0.06%
67,888
-100
-0.1% -$15.6K
BAX icon
237
Baxter International
BAX
$14.3B
$10.1M 0.06%
125,555
-900
-0.7% -$71.1K
SYY icon
238
Sysco
SYY
$40.3B
$10.1M 0.06%
128,412
-200
-0.2% -$15.3K
KMI icon
239
Kinder Morgan
KMI
$69.1B
$10M 0.06%
597,836
-200
-0% -$3.4K
RMD icon
240
ResMed
RMD
$31.8B
$9.92M 0.06%
37,625
-100
-0.3% -$27.3K
MSI icon
241
Motorola Solutions
MSI
$75.9B
$9.88M 0.06%
42,531
-100
-0.2% -$23.2K
UBER icon
242
Uber
UBER
$158B
$9.86M 0.06%
+220,000
New +$9.61M
CBRE icon
243
CBRE Group
CBRE
$41.9B
$9.78M 0.06%
100,457
-100
-0.1% -$9.29K
ROST icon
244
Ross Stores
ROST
$82.1B
$9.76M 0.06%
89,698
+100
+0.1% +$12K
WBA
245
DELISTED
Walgreens Boots Alliance
WBA
$9.69M 0.06%
205,967
-100
-0% -$4.82K
CNC icon
246
Centene
CNC
$32.9B
$9.68M 0.06%
155,280
-100
-0.1% -$6.68K
XLNX
247
DELISTED
Xilinx Inc
XLNX
$9.64M 0.05%
63,837
+300
+0.5% +$44K
TRV icon
248
Travelers Companies
TRV
$79B
$9.52M 0.05%
62,645
-600
-0.9% -$92.9K
PXD
249
DELISTED
Pioneer Natural Resource Co.
PXD
$9.49M 0.05%
57,016
-1,200
-2% -$182K
ALL icon
250
Allstate
ALL
$68.5B
$9.46M 0.05%
74,266
-1,000
-1% -$132K
8 9
10
11 12

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

State of Michigan Retirement System's Q3 2021 Portfolio in Review

As of Q3 2021, State of Michigan Retirement System held 997 positions worth $17.6B, up 3.2% from $17B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

State of Michigan Retirement System deployed $643M of net new capital in Q3 2021, opening 28 new positions and adding to 217 existing holdings. Its largest new stake was Moderna: 88,200 shares worth $33.9M.

By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 23% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Apple, an estimated $110M trimmed.

  • State of Michigan Retirement System's largest Q3 2021 buy was Moderna: 88,200 shares worth $33.9M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q3 2021, an estimated $1.5B increase.
  • State of Michigan Retirement System's biggest Q3 2021 reduction was Apple, cutting an estimated $110M.
  • State of Michigan Retirement System fully exited Progress Software in Q3 2021, selling an estimated $27M.
  • State of Michigan Retirement System's ten largest holdings make up 33% of its $17.6B portfolio in Q3 2021.
  • State of Michigan Retirement System opened 28 new positions and closed 22 in Q3 2021.
  • State of Michigan Retirement System's portfolio value rose 3.2% quarter-over-quarter to $17.6B.

Based on State of Michigan Retirement System's 13F filing for Q3 2021, filed 27 Oct 2021.