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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
DPZ icon
426
Domino's
DPZ
$11.5B
$4.43M 0.03%
9,279
-500
-5% -$253K
NVR icon
427
NVR
NVR
$16.8B
$4.42M 0.03%
923
– –
WAB icon
428
Wabtec
WAB
$49.7B
$4.42M 0.03%
51,225
+2,800
+6% +$241K
TFX icon
429
Teleflex
TFX
$5.89B
$4.41M 0.03%
11,707
– –
CAG icon
430
Conagra Brands
CAG
$7.07B
$4.4M 0.03%
129,817
– –
GPC icon
431
Genuine Parts
GPC
$18.5B
$4.36M 0.02%
35,957
-400
-1% -$49.9K
CMS icon
432
CMS Energy
CMS
$21.7B
$4.34M 0.02%
72,685
-100
-0.1% -$6.24K
J icon
433
Jacobs Solutions
J
$17.2B
$4.34M 0.02%
39,582
– –
MGM icon
434
MGM Resorts International
MGM
$10.9B
$4.33M 0.02%
100,429
-1,900
-2% -$77.4K
CINF icon
435
Cincinnati Financial
CINF
$26.7B
$4.3M 0.02%
37,641
– –
RJF icon
436
Raymond James Financial
RJF
$34.5B
$4.3M 0.02%
46,553
+450
+1% +$40.3K
AKAM icon
437
Akamai
AKAM
$16.9B
$4.27M 0.02%
40,839
-100
-0.2% -$11.4K
PFG icon
438
Principal Financial Group
PFG
$24.4B
$4.23M 0.02%
65,643
-1,000
-2% -$64.2K
TXT icon
439
Textron
TXT
$15.3B
$4.2M 0.02%
60,218
-400
-0.7% -$28.1K
ATO icon
440
Atmos Energy
ATO
$28.4B
$4.19M 0.02%
47,537
– –
BBWI icon
441
Bath & Body Works
BBWI
$3.89B
$4.19M 0.02%
66,523
-6,365
-9% -$405K
FDS icon
442
Factset
FDS
$10.1B
$4.16M 0.02%
10,525
-100
-0.9% -$36.4K
SBNY
443
DELISTED
Signature Bank
SBNY
$4.12M 0.02%
15,145
+600
+4% +$151K
K
444
DELISTED
Kellanova
K
$4.1M 0.02%
68,333
+852
+1% +$51.1K
FANG icon
445
Diamondback Energy
FANG
$55.7B
$4.05M 0.02%
42,762
-2,700
-6% -$217K
OMC icon
446
Omnicom Group
OMC
$23.2B
$4.04M 0.02%
55,803
-300
-0.5% -$22.3K
IPG
447
DELISTED
Interpublic Group of Companies
IPG
$4.04M 0.02%
110,125
-1,552,100
-93% -$55.6M
BIO icon
448
Bio-Rad Laboratories Class A
BIO
$9.48B
$4.03M 0.02%
5,400
– –
PWR icon
449
Quanta Services
PWR
$99.4B
$3.98M 0.02%
34,983
– –
MOH icon
450
Molina Healthcare
MOH
$10.4B
$3.96M 0.02%
14,603
-100
-0.7% -$26.4K
16 17
18
19 20

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.