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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
AMP icon
276
Ameriprise Financial
AMP
$49.4B
$8.39M 0.05%
31,749
-600
-2% -$157K
ZM icon
277
Zoom
ZM
$31.3B
$8.38M 0.05%
32,066
– –
CTAS icon
278
Cintas
CTAS
$80.9B
$8.38M 0.05%
88,084
-800
-0.9% -$78.3K
IFF icon
279
International Flavors & Fragrances
IFF
$21.7B
$8.36M 0.05%
62,545
– –
TDG icon
280
TransDigm Group
TDG
$67.4B
$8.23M 0.05%
13,176
-600
-4% -$375K
WST icon
281
West Pharmaceutical
WST
$25.1B
$8.13M 0.05%
19,160
– –
VRSK icon
282
Verisk Analytics
VRSK
$23.8B
$8.12M 0.05%
40,528
-200
-0.5% -$38.7K
AVB icon
283
AvalonBay Communities
AVB
$26.2B
$8.08M 0.05%
36,450
– –
FAST icon
284
Fastenal
FAST
$59.7B
$8.03M 0.05%
311,344
-200
-0.1% -$5.43K
MTD icon
285
Mettler-Toledo International
MTD
$28.8B
$8.02M 0.05%
5,825
– –
CPRT icon
286
Copart
CPRT
$27.3B
$7.93M 0.05%
228,772
+4,800
+2% +$171K
WMB icon
287
Williams Companies
WMB
$87.3B
$7.91M 0.05%
305,051
-300
-0.1% -$7.55K
BROS icon
288
Dutch Bros
BROS
$8.98B
$7.8M 0.04%
+180,000
New +$8.55M
NUE icon
289
Nucor
NUE
$62.8B
$7.79M 0.04%
79,052
-1,500
-2% -$159K
STT icon
290
State Street
STT
$51B
$7.78M 0.04%
91,767
+4,300
+5% +$374K
CTVA icon
291
Corteva
CTVA
$51.6B
$7.76M 0.04%
184,319
-1,000
-0.5% -$43.3K
EFX icon
292
Equifax
EFX
$21.3B
$7.75M 0.04%
30,581
– –
EVLO
293
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
$7.74M 0.04%
55,000
+10,000
+22% +$1.98M
KR icon
294
Kroger
KR
$34.7B
$7.74M 0.04%
191,357
-19,600
-9% -$823K
PEG icon
295
Public Service Enterprise Group
PEG
$37.2B
$7.73M 0.04%
126,957
– –
AJG icon
296
Arthur J. Gallagher & Co
AJG
$64B
$7.72M 0.04%
51,954
+400
+0.8% +$57.2K
PSX icon
297
Phillips 66
PSX
$85.3B
$7.7M 0.04%
110,002
-100
-0.1% -$7.24K
AWK icon
298
American Water Works
AWK
$26.7B
$7.7M 0.04%
45,532
-100
-0.2% -$17.5K
ZBH icon
299
Zimmer Biomet
ZBH
$18.4B
$7.67M 0.04%
54,007
– –
LUV icon
300
Southwest Airlines
LUV
$22.1B
$7.64M 0.04%
148,607
-100
-0.1% -$5.05K
10 11
12
13 14

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.