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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
CPAY icon
376
Corpay
CPAY
$26.1B
$5.42M 0.03%
20,754
-200
-1% -$51.7K
HES
377
DELISTED
Hess
HES
$5.4M 0.03%
69,167
+200
+0.3% +$14.7K
MPWR icon
378
Monolithic Power Systems
MPWR
$68.7B
$5.38M 0.03%
11,100
– –
NTAP icon
379
NetApp
NTAP
$39.5B
$5.36M 0.03%
59,670
+300
+0.5% +$25.3K
RF icon
380
Regions Financial
RF
$26.7B
$5.33M 0.03%
250,264
-2,000
-0.8% -$39.8K
CFG icon
381
Citizens Financial Group
CFG
$30.6B
$5.33M 0.03%
113,371
-100
-0.1% -$4.39K
CHD icon
382
Church & Dwight Co
CHD
$24.5B
$5.33M 0.03%
64,495
– –
COO icon
383
Cooper Companies
COO
$14.8B
$5.29M 0.03%
51,212
– –
CRL icon
384
Charles River Laboratories
CRL
$13.1B
$5.24M 0.03%
12,700
+100
+0.8% +$41.5K
KMX icon
385
CarMax
KMX
$8.43B
$5.24M 0.03%
40,919
-100
-0.2% -$13.3K
CERN
386
DELISTED
Cerner Corp
CERN
$5.23M 0.03%
74,203
-1,500
-2% -$116K
AEE icon
387
Ameren
AEE
$29.6B
$5.23M 0.03%
64,593
+400
+0.6% +$34.1K
TRMB icon
388
Trimble
TRMB
$13.6B
$5.2M 0.03%
63,200
+100
+0.2% +$8.78K
KEY icon
389
KeyCorp
KEY
$24.3B
$5.19M 0.03%
240,113
-3,900
-2% -$78.8K
IR icon
390
Ingersoll Rand
IR
$33.6B
$5.13M 0.03%
101,693
+7,800
+8% +$397K
STE icon
391
Steris
STE
$23.2B
$5.12M 0.03%
25,054
+500
+2% +$107K
MKC icon
392
McCormick & Company Non-Voting
MKC
$14.2B
$5.07M 0.03%
62,602
– –
ENPH icon
393
Enphase Energy
ENPH
$5.45B
$5.07M 0.03%
33,800
-300
-0.9% -$51.5K
QRVO icon
394
Qorvo
QRVO
$8.58B
$5.06M 0.03%
30,263
-400
-1% -$74.3K
CCL icon
395
Carnival Corporation Ltd
CCL
$38.2B
$5.01M 0.03%
200,528
-200
-0.1% -$4.65K
TDY icon
396
Teledyne Technologies
TDY
$32.2B
$5.01M 0.03%
11,663
– –
ETR icon
397
Entergy
ETR
$49.4B
$5.01M 0.03%
100,822
– –
RCL icon
398
Royal Caribbean
RCL
$82.3B
$5.01M 0.03%
56,280
+1,200
+2% +$97.1K
VRSN icon
399
VeriSign
VRSN
$26.6B
$5M 0.03%
24,402
-500
-2% -$110K
ULTA icon
400
Ulta Beauty
ULTA
$23.6B
$4.96M 0.03%
13,752
– –
14 15
16
17 18

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.