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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
POOL icon
401
Pool Corp
POOL
$7.27B
$4.95M 0.03%
11,400
– –
DRI icon
402
Darden Restaurants
DRI
$24.9B
$4.95M 0.03%
32,684
-200
-0.6% -$29.4K
LNT icon
403
Alliant Energy
LNT
$17.7B
$4.93M 0.03%
88,031
– –
WDC icon
404
Western Digital
WDC
$151B
$4.92M 0.03%
115,356
– –
STX icon
405
Seagate
STX
$182B
$4.92M 0.03%
59,619
+2,600
+5% +$226K
RVTY icon
406
Revvity
RVTY
$12.9B
$4.88M 0.03%
28,170
-251,900
-90% -$44.4M
FE icon
407
FirstEnergy
FE
$27.1B
$4.87M 0.03%
136,670
-100
-0.1% -$3.79K
BR icon
408
Broadridge
BR
$19.8B
$4.86M 0.03%
29,139
-181,000
-86% -$30.8M
ANET icon
409
Arista Networks
ANET
$242B
$4.83M 0.03%
225,120
+4,800
+2% +$110K
HAL icon
410
Halliburton
HAL
$28B
$4.83M 0.03%
223,619
– –
MTB icon
411
M&T Bank
MTB
$36.3B
$4.82M 0.03%
32,299
– –
TECH icon
412
Bio-Techne
TECH
$11.2B
$4.75M 0.03%
39,200
-76
-0.2% -$9.25K
TYL icon
413
Tyler Technologies
TYL
$13B
$4.72M 0.03%
10,300
+100
+1% +$47.8K
DRE
414
DELISTED
Duke Realty Corp.
DRE
$4.72M 0.03%
98,608
+700
+0.7% +$35.3K
TTWO icon
415
Take-Two Interactive
TTWO
$47.4B
$4.71M 0.03%
30,541
+200
+0.7% +$32.4K
HOLX
416
DELISTED
Hologic
HOLX
$4.7M 0.03%
63,620
-352,500
-85% -$26.4M
GWW icon
417
W.W. Grainger
GWW
$61.1B
$4.67M 0.03%
11,884
– –
TER icon
418
Teradyne
TER
$57.1B
$4.66M 0.03%
42,700
-400
-0.9% -$48.6K
DGX icon
419
Quest Diagnostics
DGX
$26.2B
$4.59M 0.03%
31,592
-2,100
-6% -$307K
MKTX icon
420
MarketAxess Holdings
MKTX
$5.72B
$4.58M 0.03%
10,881
– –
AVY icon
421
Avery Dennison
AVY
$13.5B
$4.55M 0.03%
21,982
-100
-0.5% -$21.5K
DOC icon
422
Healthpeak Properties
DOC
$14.4B
$4.53M 0.03%
135,309
-200
-0.1% -$7.08K
VTRS icon
423
Viatris
VTRS
$18.7B
$4.49M 0.03%
331,202
-200
-0.1% -$2.84K
AMCR icon
424
Amcor
AMCR
$21.8B
$4.49M 0.03%
77,431
-80
-0.1% -$4.78K
CE icon
425
Celanese
CE
$4.88B
$4.43M 0.03%
29,437
-400
-1% -$61.6K
15 16
17
18 19

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.