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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
IEX icon
451
IDEX
IEX
$17.2B
$3.94M 0.02%
19,060
– –
BXP icon
452
Boston Properties
BXP
$10.8B
$3.86M 0.02%
35,651
-100
-0.3% -$11.4K
UAL icon
453
United Airlines
UAL
$40.2B
$3.86M 0.02%
81,212
-100
-0.1% -$4.71K
AES icon
454
AES
AES
$10.5B
$3.82M 0.02%
167,357
-100
-0.1% -$2.43K
DAY
455
DELISTED
Dayforce
DAY
$3.82M 0.02%
33,900
+777
+2% +$81.6K
ABMD
456
DELISTED
Abiomed Inc
ABMD
$3.8M 0.02%
11,675
– –
EVRG icon
457
Evergy
EVRG
$18.9B
$3.78M 0.02%
60,779
-100
-0.2% -$6.56K
PHM icon
458
Pultegroup
PHM
$24.8B
$3.77M 0.02%
82,075
-1,300
-2% -$67.5K
LKQ icon
459
LKQ Corp
LKQ
$6.22B
$3.73M 0.02%
74,191
-2,000
-3% -$102K
Z icon
460
Zillow
Z
$7.59B
$3.73M 0.02%
42,311
– –
CPT icon
461
Camden Property Trust
CPT
$11B
$3.72M 0.02%
25,244
+600
+2% +$88K
UDR icon
462
UDR
UDR
$12.1B
$3.71M 0.02%
70,052
-4,600
-6% -$246K
FOXA icon
463
Fox Class A
FOXA
$26.6B
$3.71M 0.02%
92,494
-1,000
-1% -$36.8K
GEN icon
464
Gen Digital
GEN
$17.5B
$3.69M 0.02%
145,929
+100
+0.1% +$2.6K
RGEN icon
465
Repligen
RGEN
$9.21B
$3.69M 0.02%
12,777
-100
-0.8% -$25.7K
LUMN icon
466
Lumen
LUMN
$6.85B
$3.68M 0.02%
296,862
-300
-0.1% -$3.76K
CNP icon
467
CenterPoint Energy
CNP
$26.4B
$3.66M 0.02%
148,899
+3,000
+2% +$76.7K
CRSP icon
468
CRISPR Therapeutics
CRSP
$5.17B
$3.63M 0.02%
32,386
– –
EMN icon
469
Eastman Chemical
EMN
$8.39B
$3.62M 0.02%
35,899
-200
-0.6% -$22.1K
SJM icon
470
J.M. Smucker
SJM
$12.6B
$3.61M 0.02%
30,041
-300
-1% -$38.1K
WRK
471
DELISTED
WestRock Company
WRK
$3.61M 0.02%
72,366
+200
+0.3% +$10.1K
CELH icon
472
Celsius Holdings
CELH
$6.89B
$3.6M 0.02%
120,000
– –
WHR icon
473
Whirlpool
WHR
$2.75B
$3.6M 0.02%
17,655
– –
LDOS icon
474
Leidos
LDOS
$17.5B
$3.59M 0.02%
37,377
-351,600
-90% -$34.9M
CGNX icon
475
Cognex
CGNX
$10.8B
$3.55M 0.02%
44,289
-200
-0.4% -$17.2K
17 18
19
20 21

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.