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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
DVN icon
351
Devon Energy
DVN
$49.9B
$5.96M 0.03%
167,738
+8,400
+5% +$238K
PPL
352
PPL Corp
PPL
$26.3B
$5.83M 0.03%
209,164
-200
-0.1% -$5.77K
IP icon
353
International Paper
IP
$21.9B
$5.76M 0.03%
108,841
-317
-0.3% -$17.6K
HBAN icon
354
Huntington Bancshares
HBAN
$35.6B
$5.73M 0.03%
370,797
-100
-0% -$1.47K
CTLT
355
DELISTED
CATALENT, INC.
CTLT
$5.7M 0.03%
42,800
– –
TWST icon
356
Twist Bioscience
TWST
$7.83B
$5.69M 0.03%
53,172
– –
NDAQ icon
357
Nasdaq
NDAQ
$53.4B
$5.67M 0.03%
88,050
+1,500
+2% +$94.4K
NTRS icon
358
Northern Trust
NTRS
$34.4B
$5.64M 0.03%
52,343
– –
EXR icon
359
Extra Space Storage
EXR
$31B
$5.64M 0.03%
33,581
– –
VMC icon
360
Vulcan Materials
VMC
$37B
$5.64M 0.03%
33,339
– –
MLM icon
361
Martin Marietta Materials
MLM
$33B
$5.63M 0.03%
16,478
– –
DOV icon
362
Dover
DOV
$28.3B
$5.63M 0.03%
36,187
– –
XYL icon
363
Xylem
XYL
$28.3B
$5.6M 0.03%
45,278
– –
DLTR icon
364
Dollar Tree
DLTR
$24.9B
$5.58M 0.03%
58,285
– –
OMGA
365
DELISTED
Omega Therapeutics, Inc. Common Stock
OMGA
$5.54M 0.03%
+294,117
New +$5.64M
WAT icon
366
Waters Corp
WAT
$40.4B
$5.49M 0.03%
15,362
-100
-0.6% -$39.2K
VFC icon
367
VF Corp
VFC
$5.86B
$5.48M 0.03%
81,857
+1,000
+1% +$76.7K
EIX icon
368
Edison International
EIX
$26.1B
$5.48M 0.03%
98,796
-100
-0.1% -$5.74K
VTR icon
369
Ventas
VTR
$47.2B
$5.45M 0.03%
98,714
+4,400
+5% +$252K
EXPD icon
370
Expeditors International
EXPD
$23.3B
$5.45M 0.03%
45,711
+200
+0.4% +$25K
MAA icon
371
Mid-America Apartment Communities
MAA
$15.4B
$5.44M 0.03%
29,142
+400
+1% +$75.1K
HPE icon
372
Hewlett Packard
HPE
$72.4B
$5.44M 0.03%
381,721
-400
-0.1% -$5.78K
CLX icon
373
Clorox
CLX
$13B
$5.43M 0.03%
32,803
-500
-2% -$86.1K
DTE icon
374
DTE Energy
DTE
$28.5B
$5.43M 0.03%
48,623
-8,627
-15% -$1.01M
ESS icon
375
Essex Property Trust
ESS
$18.2B
$5.42M 0.03%
16,968
– –
13 14
15
16 17

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
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
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.