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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
LH icon
326
Labcorp
LH
$25.9B
$6.82M 0.04%
28,224
-142,706
-83% -$36M
HSY icon
327
Hershey
HSY
$36.7B
$6.69M 0.04%
39,505
-300
-0.8% -$53K
ARE icon
328
Alexandria Real Estate Equities
ARE
$8.33B
$6.66M 0.04%
34,835
+400
+1% +$79.6K
LYB icon
329
LyondellBasell Industries
LYB
$20B
$6.63M 0.04%
70,670
+1,600
+2% +$157K
ETSY icon
330
Etsy
ETSY
$7.55B
$6.61M 0.04%
31,800
-200
-0.6% -$40.6K
BKR icon
331
Baker Hughes
BKR
$63.6B
$6.59M 0.04%
266,561
+25,200
+10% +$561K
OXY icon
332
Occidental Petroleum
OXY
$58.6B
$6.59M 0.04%
222,762
+11,600
+5% +$310K
GRMN
333
Garmin
GRMN
$60.4B
$6.57M 0.04%
42,287
+500
+1% +$81.3K
O icon
334
Realty Income
O
$58.4B
$6.56M 0.04%
104,380
+3,922
+4% +$265K
TSN icon
335
Tyson Foods
TSN
$20.3B
$6.55M 0.04%
82,982
-100
-0.1% -$7.55K
OKE icon
336
Oneok
OKE
$56.6B
$6.49M 0.04%
111,909
-100
-0.1% -$5.38K
GNRC icon
337
Generac Holdings
GNRC
$12.4B
$6.46M 0.04%
15,800
– –
ED icon
338
Consolidated Edison
ED
$39.4B
$6.44M 0.04%
88,755
+2,600
+3% +$194K
TSCO icon
339
Tractor Supply
TSCO
$18B
$6.44M 0.04%
158,945
-1,500
-0.9% -$58.2K
ALB icon
340
Albemarle
ALB
$15.4B
$6.43M 0.04%
29,385
– –
IT icon
341
Gartner
IT
$12.2B
$6.4M 0.04%
21,051
-600
-3% -$174K
FTV icon
342
Fortive
FTV
$18.6B
$6.35M 0.04%
119,381
+6,502
+6% +$356K
RSG icon
343
Republic Services
RSG
$66B
$6.34M 0.04%
52,787
-100
-0.2% -$12K
HIG icon
344
Hartford Financial Services
HIG
$38.9B
$6.32M 0.04%
89,987
-2,600
-3% -$172K
CDW icon
345
CDW
CDW
$17.1B
$6.28M 0.04%
34,525
-700
-2% -$132K
KSU
346
DELISTED
Kansas City Southern
KSU
$6.19M 0.04%
22,860
– –
PAYC icon
347
Paycom
PAYC
$9.53B
$6.13M 0.03%
12,372
-300
-2% -$134K
RUBY
348
DELISTED
Rubius Therapeutics, Inc
RUBY
$6.08M 0.03%
340,000
– –
CZR icon
349
Caesars Entertainment
CZR
$6.15B
$6.02M 0.03%
53,600
+1,100
+2% +$107K
EXPE icon
350
Expedia Group
EXPE
$37.2B
$5.98M 0.03%
36,509
+1,000
+3% +$155K
12 13
14
15 16

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.