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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
JLL icon
501
Jones Lang LaSalle
JLL
$16.4B
$3.14M 0.02%
12,656
-300
-2% -$68.5K
FBIN icon
502
Fortune Brands Innovations
FBIN
$5.73B
$3.09M 0.02%
40,471
-234
-0.6% -$19.5K
STLD icon
503
Steel Dynamics
STLD
$38.5B
$3.08M 0.02%
52,682
-2,000
-4% -$128K
CHRW icon
504
C.H. Robinson
CHRW
$17.3B
$3.06M 0.02%
35,158
-400
-1% -$36.2K
WRBY icon
505
Warby Parker
WRBY
$3.26B
$3.04M 0.02%
+57,238
New +$3.08M
HWM icon
506
Howmet Aerospace
HWM
$113B
$3.02M 0.02%
96,932
-1,300
-1% -$41.8K
DISH
507
DELISTED
DISH Network Corp.
DISH
$3.02M 0.02%
69,566
– –
PNR icon
508
Pentair
PNR
$10.7B
$3.02M 0.02%
41,614
-200
-0.5% -$14.9K
LYV icon
509
Live Nation Entertainment
LYV
$43B
$3.02M 0.02%
33,127
-3,200
-9% -$269K
CF icon
510
CF Industries
CF
$18.4B
$3.02M 0.02%
54,012
+100
+0.2% +$4.8K
RHI icon
511
Robert Half
RHI
$4.37B
$3.01M 0.02%
29,999
-300
-1% -$29.4K
MPT
512
Medical Properties Trust
MPT
$2.48B
$3M 0.02%
149,251
+1,000
+0.7% +$20.5K
GGG icon
513
Graco
GGG
$13.5B
$2.97M 0.02%
42,510
-200
-0.5% -$15.3K
SNA icon
514
Snap-on
SNA
$21.3B
$2.97M 0.02%
14,205
-100
-0.7% -$22.2K
BWA icon
515
BorgWarner
BWA
$14.1B
$2.96M 0.02%
77,949
-114
-0.1% -$4.53K
FMC icon
516
FMC
FMC
$1.31B
$2.95M 0.02%
32,267
-322,600
-91% -$31.8M
AMPL icon
517
Amplitude
AMPL
$1.52B
$2.95M 0.02%
+54,208
New +$2.95M
TREX icon
518
Trex
TREX
$4.91B
$2.94M 0.02%
28,848
-200
-0.7% -$20.9K
FICO icon
519
Fair Isaac
FICO
$22.7B
$2.93M 0.02%
7,362
-200
-3% -$95.1K
HST icon
520
Host Hotels & Resorts
HST
$15.5B
$2.93M 0.02%
179,225
+1,700
+1% +$27.6K
DAR icon
521
Darling Ingredients
DAR
$9.99B
$2.92M 0.02%
40,631
-500
-1% -$35.8K
HRL icon
522
Hormel Foods
HRL
$13.6B
$2.9M 0.02%
70,774
-100
-0.1% -$4.51K
L icon
523
Loews
L
$23.3B
$2.9M 0.02%
53,751
-5,200
-9% -$282K
HAS icon
524
Hasbro
HAS
$13.3B
$2.9M 0.02%
32,472
+300
+0.9% +$29.1K
MHK icon
525
Mohawk Industries
MHK
$9.19B
$2.88M 0.02%
16,204
-700
-4% -$136K
19 20
21
22 23

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.