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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
JNPR
551
DELISTED
Juniper Networks
JNPR
$2.51M 0.01%
91,223
-800
-0.9% -$22.5K
LII icon
552
Lennox International
LII
$14.6B
$2.51M 0.01%
8,530
-100
-1% -$32.7K
DECK icon
553
Deckers Outdoor
DECK
$13.3B
$2.51M 0.01%
41,772
– –
FIVE icon
554
Five Below
FIVE
$13B
$2.48M 0.01%
14,040
-100
-0.7% -$19.9K
NCLH icon
555
Norwegian Cruise Line
NCLH
$8.52B
$2.48M 0.01%
92,868
-100
-0.1% -$2.54K
HRC
556
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$2.48M 0.01%
16,537
-200
-1% -$27K
HUBB icon
557
Hubbell
HUBB
$26.7B
$2.47M 0.01%
13,659
– –
LAMR icon
558
Lamar Advertising Co
LAMR
$15.7B
$2.46M 0.01%
21,686
-200
-0.9% -$21.9K
OC icon
559
Owens Corning
OC
$12.2B
$2.44M 0.01%
28,485
-400
-1% -$37.6K
MANH icon
560
Manhattan Associates
MANH
$11.4B
$2.43M 0.01%
15,897
-100
-0.6% -$15.6K
NVTA
561
DELISTED
Invitae Corporation
NVTA
$2.42M 0.01%
84,939
– –
LAD icon
562
Lithia Motors
LAD
$8.35B
$2.41M 0.01%
7,600
+100
+1% +$34.8K
CONE
563
DELISTED
CyrusOne Inc Common Stock
CONE
$2.4M 0.01%
31,064
+200
+0.6% +$15K
NI icon
564
NiSource
NI
$20B
$2.39M 0.01%
98,506
-100
-0.1% -$2.49K
MIDD icon
565
Middleby
MIDD
$5.89B
$2.37M 0.01%
13,900
-100
-0.7% -$18.1K
NWL icon
566
Newell Brands
NWL
$2.51B
$2.36M 0.01%
106,771
-100
-0.1% -$2.55K
FSLR icon
567
First Solar
FSLR
$25.7B
$2.36M 0.01%
24,739
+3,300
+15% +$306K
KNX icon
568
Knight Transportation
KNX
$11.2B
$2.35M 0.01%
46,017
+10,800
+31% +$543K
ARW icon
569
Arrow Electronics
ARW
$10.3B
$2.33M 0.01%
20,775
-700
-3% -$80.9K
CABO icon
570
Cable One
CABO
$203M
$2.33M 0.01%
1,284
-100
-7% -$196K
AIZ icon
571
Assurant
AIZ
$14.2B
$2.32M 0.01%
14,723
-500
-3% -$80.7K
GL icon
572
Globe Life
GL
$14.2B
$2.31M 0.01%
25,958
-400
-2% -$37.4K
NWSA icon
573
News Corp Class A
NWSA
$15.4B
$2.31M 0.01%
98,235
-100
-0.1% -$2.37K
PEN icon
574
Penumbra
PEN
$12.8B
$2.31M 0.01%
8,651
+100
+1% +$26.9K
SGI
575
Somnigroup International
SGI
$13.6B
$2.29M 0.01%
49,228
+3,100
+7% +$135K
21 22
23
24 25

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.