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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
FITB
301
Fifth Third Bancorp
FITB
$51.7B
$7.63M 0.04%
179,776
-3,500
-2% -$134K
GLW icon
302
Corning
GLW
$139B
$7.62M 0.04%
208,765
-1,800
-0.9% -$71.9K
WTW icon
303
Willis Towers Watson
WTW
$32B
$7.53M 0.04%
32,411
– –
LEN icon
304
Lennar Class A
LEN
$20.7B
$7.5M 0.04%
82,652
-310
-0.4% -$30.7K
ANSS
305
DELISTED
Ansys
ANSS
$7.47M 0.04%
21,954
– –
PATH icon
306
UiPath
PATH
$7.97B
$7.46M 0.04%
141,887
+22,931
+19% +$1.39M
SWKS icon
307
Skyworks Solutions
SWKS
$10.4B
$7.43M 0.04%
45,120
-100
-0.2% -$18.3K
BALL icon
308
Ball Corp
BALL
$16.5B
$7.38M 0.04%
81,981
-500
-0.6% -$44.4K
PCAR icon
309
PACCAR
PCAR
$68.8B
$7.37M 0.04%
140,151
-150
-0.1% -$8.32K
EWT icon
310
iShares MSCI Taiwan ETF
EWT
$11B
$7.32M 0.04%
118,008
– –
VLO icon
311
Valero Energy
VLO
$90.5B
$7.25M 0.04%
102,659
-100
-0.1% -$6.66K
BBY icon
312
Best Buy
BBY
$17.4B
$7.24M 0.04%
68,485
+500
+0.7% +$56.2K
AME icon
313
Ametek
AME
$58B
$7.2M 0.04%
58,063
– –
ODFL icon
314
Old Dominion Freight Line
ODFL
$44.4B
$7.19M 0.04%
50,296
-800
-2% -$111K
SWK icon
315
Stanley Black & Decker
SWK
$15.5B
$7.18M 0.04%
40,968
-178,800
-81% -$34.9M
EQR icon
316
Equity Residential
EQR
$24.6B
$7.18M 0.04%
88,719
-1,000
-1% -$82.6K
KHC icon
317
Kraft Heinz
KHC
$29.4B
$7.13M 0.04%
193,519
+6,000
+3% +$226K
PARA
318
DELISTED
Paramount Global Class B
PARA
$7.06M 0.04%
178,687
-100
-0.1% -$4.07K
ES icon
319
Eversource Energy
ES
$26.9B
$7.05M 0.04%
86,293
-100
-0.1% -$8.68K
SYF icon
320
Synchrony
SYF
$25.4B
$6.99M 0.04%
143,014
+7,000
+5% +$340K
WEC icon
321
WEC Energy
WEC
$34.7B
$6.99M 0.04%
79,210
-100
-0.1% -$9.38K
WY icon
322
Weyerhaeuser
WY
$18.2B
$6.95M 0.04%
195,269
-100
-0.1% -$3.5K
URI icon
323
United Rentals
URI
$71.3B
$6.93M 0.04%
19,762
– –
ZBRA icon
324
Zebra Technologies
ZBRA
$17.9B
$6.89M 0.04%
13,370
-100
-0.7% -$55.7K
DAL icon
325
Delta Air Lines
DAL
$58.9B
$6.84M 0.04%
160,630
-200
-0.1% -$8.16K
11 12
13
14 15

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.