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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
JBHT icon
476
JB Hunt Transport Services
JBHT
$25B
$3.53M 0.02%
21,130
+100
+0.5% +$17.1K
SEDG icon
477
SolarEdge
SEDG
$1.98B
$3.47M 0.02%
13,072
– –
MAS icon
478
Masco
MAS
$14.7B
$3.45M 0.02%
62,054
-459,600
-88% -$27.3M
AVTR icon
479
Avantor
AVTR
$9.29B
$3.44M 0.02%
+84,000
New +$3.28M
AAP icon
480
Advance Auto Parts
AAP
$3.36B
$3.43M 0.02%
16,432
– –
MASI
481
DELISTED
Masimo
MASI
$3.43M 0.02%
12,666
-100
-0.8% -$27.1K
IRM icon
482
Iron Mountain
IRM
$36.2B
$3.39M 0.02%
77,996
+100
+0.1% +$4.5K
MOS icon
483
The Mosaic Company
MOS
$7.46B
$3.37M 0.02%
94,298
-100
-0.1% -$3.2K
CTXS
484
DELISTED
Citrix Systems Inc
CTXS
$3.35M 0.02%
31,215
– –
WSM icon
485
Williams-Sonoma
WSM
$29.5B
$3.34M 0.02%
37,658
-800
-2% -$67.7K
AAL icon
486
American Airlines Group
AAL
$9.93B
$3.34M 0.02%
162,604
+1,400
+0.9% +$28.4K
BF.B icon
487
Brown-Forman Class B
BF.B
$12.9B
$3.32M 0.02%
49,596
– –
CBOE icon
488
Cboe Global Markets
CBOE
$29.8B
$3.31M 0.02%
26,741
-100
-0.4% -$12.2K
LNC icon
489
Lincoln National
LNC
$8.75B
$3.31M 0.02%
48,177
-600
-1% -$39.2K
PKG icon
490
Packaging Corp of America
PKG
$22.7B
$3.28M 0.02%
23,850
– –
BRO icon
491
Brown & Brown
BRO
$24B
$3.25M 0.02%
58,700
-292
-0.5% -$16.3K
INCY icon
492
Incyte
INCY
$24.6B
$3.24M 0.02%
47,104
+100
+0.2% +$7.6K
NDSN icon
493
Nordson
NDSN
$17.2B
$3.22M 0.02%
13,516
-100
-0.7% -$23.1K
FFIV icon
494
F5
FFIV
$23.2B
$3.21M 0.02%
16,138
+200
+1% +$40K
KIM icon
495
Kimco Realty
KIM
$16.2B
$3.2M 0.02%
154,017
+45,100
+41% +$964K
XRAY icon
496
Dentsply Sirona
XRAY
$2.32B
$3.18M 0.02%
54,849
– –
ALLE icon
497
Allegion
ALLE
$14.1B
$3.18M 0.02%
24,035
-100
-0.4% -$13.9K
PTC icon
498
PTC
PTC
$16.4B
$3.17M 0.02%
26,500
+100
+0.4% +$13.3K
LVS icon
499
Las Vegas Sands
LVS
$29.4B
$3.16M 0.02%
86,321
+3,700
+4% +$159K
JKHY icon
500
Jack Henry & Associates
JKHY
$11B
$3.15M 0.02%
19,210
-100
-0.5% -$17.2K
18 19
20
21 22

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.