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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
AXON
526
Axon Enterprise
AXON
$48.4B
$2.87M 0.02%
16,419
+100
+0.6% +$18.2K
PENN icon
527
PENN Entertainment
PENN
$2.53B
$2.85M 0.02%
39,400
+2,100
+6% +$154K
TRGP icon
528
Targa Resources
TRGP
$57.1B
$2.82M 0.02%
57,300
-300
-0.5% -$13.2K
RH icon
529
RH
RH
$3.47B
$2.81M 0.02%
4,220
– –
UHS icon
530
Universal Health Services
UHS
$10.5B
$2.78M 0.02%
20,110
-600
-3% -$90.8K
PCTY icon
531
Paylocity
PCTY
$7.73B
$2.75M 0.02%
9,825
+400
+4% +$96.1K
EWBC icon
532
East-West Bancorp
EWBC
$18.1B
$2.75M 0.02%
35,511
-200
-0.6% -$14.6K
NRG icon
533
NRG Energy
NRG
$25B
$2.75M 0.02%
67,236
-100
-0.1% -$4.25K
HSIC icon
534
Henry Schein
HSIC
$9.82B
$2.74M 0.02%
35,967
-300
-0.8% -$23.1K
GME icon
535
GameStop
GME
$8.43B
$2.74M 0.02%
+62,400
New +$2.85M
MRO
536
DELISTED
Marathon Oil Corporation
MRO
$2.71M 0.02%
197,921
-200
-0.1% -$2.41K
CMA
537
DELISTED
Comerica
CMA
$2.71M 0.02%
33,601
-1,500
-4% -$108K
LEA icon
538
Lear
LEA
$8.05B
$2.7M 0.02%
17,240
+1,100
+7% +$180K
BLDR icon
539
Builders FirstSource
BLDR
$7.74B
$2.69M 0.02%
51,900
-300
-0.6% -$14.7K
TTC icon
540
Toro Company
TTC
$9.4B
$2.61M 0.01%
26,796
-200
-0.7% -$21.8K
EG icon
541
Everest Group
EG
$14.2B
$2.6M 0.01%
10,379
-100
-1% -$25.6K
CSL icon
542
Carlisle Companies
CSL
$15.3B
$2.59M 0.01%
13,049
-100
-0.8% -$20.2K
TPR icon
543
Tapestry
TPR
$33.3B
$2.59M 0.01%
70,003
-100
-0.1% -$4.12K
TAP icon
544
Molson Coors Class B
TAP
$7.93B
$2.59M 0.01%
55,799
-100
-0.2% -$4.89K
REG icon
545
Regency Centers
REG
$13.9B
$2.59M 0.01%
38,412
-1,300
-3% -$86.1K
WRB icon
546
W.R. Berkley
WRB
$26.3B
$2.58M 0.01%
79,328
– –
WTRG icon
547
Essential Utilities
WTRG
$11.3B
$2.58M 0.01%
55,993
-300
-0.5% -$14.5K
SCI icon
548
Service Corp International
SCI
$11.4B
$2.53M 0.01%
42,030
-300
-0.7% -$18.3K
RPM icon
549
RPM International
RPM
$14.8B
$2.52M 0.01%
32,497
-100
-0.3% -$8.42K
ZION icon
550
Zions Bancorporation
ZION
$10.3B
$2.52M 0.01%
40,716
-500
-1% -$27.5K
20 21
22
23 24

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FAM
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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
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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.