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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
ROK icon
251
Rockwell Automation
ROK
$48.6B
$9.39M 0.05%
31,929
-100
-0.3% -$30.7K
SPH icon
252
Suburban Propane Partners
SPH
$1.18B
$9.36M 0.05%
610,000
– –
PAYX icon
253
Paychex
PAYX
$42.9B
$9.35M 0.05%
83,144
-200
-0.2% -$22.5K
HPQ icon
254
HP
HPQ
$27.7B
$9.31M 0.05%
340,351
-300
-0.1% -$8.62K
AZO icon
255
AutoZone
AZO
$50.2B
$9.26M 0.05%
5,451
– –
HLT icon
256
Hilton Worldwide
HLT
$70.1B
$9.24M 0.05%
69,950
-100
-0.1% -$12.6K
DFS
257
DELISTED
Discover Financial Services
DFS
$9.24M 0.05%
75,178
-1,500
-2% -$188K
DD icon
258
DuPont de Nemours
DD
$19.3B
$9.19M 0.05%
107,678
-1,912
-2% -$177K
GIS icon
259
General Mills
GIS
$19.8B
$9.11M 0.05%
152,221
-1,100
-0.7% -$65K
SBAC icon
260
SBA Communications
SBAC
$19.2B
$9.1M 0.05%
27,541
+100
+0.4% +$34.6K
YUM icon
261
Yum! Brands
YUM
$40B
$9.07M 0.05%
74,195
-700
-0.9% -$88.8K
PH icon
262
Parker-Hannifin
PH
$134B
$9.07M 0.05%
32,428
– –
AFL icon
263
Aflac
AFL
$61.4B
$9M 0.05%
172,705
-4,000
-2% -$219K
PPG icon
264
PPG Industries
PPG
$25.8B
$8.96M 0.05%
62,643
– –
MNST icon
265
Monster Beverage
MNST
$89.7B
$8.92M 0.05%
200,784
+2,600
+1% +$123K
STZ icon
266
Constellation Brands
STZ
$22.9B
$8.91M 0.05%
42,287
-200
-0.5% -$43.7K
OTIS icon
267
Otis Worldwide
OTIS
$27.7B
$8.82M 0.05%
107,171
-503,600
-82% -$44.3M
ICLR icon
268
Icon
ICLR
$12.8B
$8.77M 0.05%
33,470
– –
WELL icon
269
Welltower
WELL
$170B
$8.74M 0.05%
106,096
+1,100
+1% +$94.5K
CMI icon
270
Cummins
CMI
$88.1B
$8.62M 0.05%
38,384
-700
-2% -$164K
FRC
271
DELISTED
First Republic Bank
FRC
$8.55M 0.05%
44,312
+100
+0.2% +$19.7K
PSNL icon
272
Personalis
PSNL
$1.55B
$8.54M 0.05%
443,798
– –
XEL icon
273
Xcel Energy
XEL
$48B
$8.45M 0.05%
135,159
-100
-0.1% -$6.76K
DHI icon
274
D.R. Horton
DHI
$41B
$8.44M 0.05%
100,485
-600
-0.6% -$55.3K
ADM icon
275
Archer Daniels Midland
ADM
$38.6B
$8.43M 0.05%
140,408
– –
9 10
11
12 13

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.