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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
ACM icon
576
Aecom
ACM
$9.42B
$2.28M 0.01%
36,052
-800
-2% -$50.9K
NBIX icon
577
Neurocrine Biosciences
NBIX
$16.8B
$2.27M 0.01%
23,700
-100
-0.4% -$9.45K
RUN icon
578
Sunrun
RUN
$2.38B
$2.27M 0.01%
51,600
+11,000
+27% +$525K
SYNH
579
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$2.27M 0.01%
25,903
+400
+2% +$36.2K
RS icon
580
Reliance Steel & Aluminium
RS
$21.9B
$2.26M 0.01%
15,882
-200
-1% -$30.1K
CLF icon
581
Cleveland-Cliffs
CLF
$7.13B
$2.26M 0.01%
113,900
-1,900
-2% -$43.3K
LSI
582
DELISTED
Life Storage, Inc.
LSI
$2.25M 0.01%
19,615
+200
+1% +$23.8K
XEC
583
DELISTED
CIMAREX ENERGY CO
XEC
$2.25M 0.01%
25,792
-100
-0.4% -$6.94K
FHN icon
584
First Horizon
FHN
$12B
$2.24M 0.01%
137,604
-2,303,200
-94% -$36.7M
WYNN icon
585
Wynn Resorts
WYNN
$10.6B
$2.24M 0.01%
26,420
– –
CROX icon
586
Crocs
CROX
$6.63B
$2.24M 0.01%
15,600
-800
-5% -$110K
LW icon
587
Lamb Weston
LW
$7.12B
$2.23M 0.01%
36,423
-400
-1% -$27.1K
LSCC icon
588
Lattice Semiconductor
LSCC
$18.2B
$2.21M 0.01%
34,200
-200
-0.6% -$11.8K
IVZ icon
589
Invesco
IVZ
$14B
$2.21M 0.01%
91,661
-9,400
-9% -$235K
BEN icon
590
Franklin Resources
BEN
$17B
$2.19M 0.01%
73,614
+2,300
+3% +$71.7K
DISCK
591
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.19M 0.01%
90,171
+700
+0.8% +$18.7K
CTRA
592
DELISTED
Coterra Energy
CTRA
$2.18M 0.01%
100,319
-200
-0.2% -$3.43K
MELI icon
593
Mercado Libre
MELI
$92.5B
$2.18M 0.01%
1,300
– –
AOS icon
594
A.O. Smith
AOS
$8.48B
$2.18M 0.01%
35,727
-400
-1% -$27.9K
WSO icon
595
Watsco Inc
WSO
$13.5B
$2.18M 0.01%
8,241
-100
-1% -$28K
HII icon
596
Huntington Ingalls Industries
HII
$13B
$2.18M 0.01%
11,279
– –
WU icon
597
Western Union
WU
$2.19B
$2.17M 0.01%
107,407
-900
-0.8% -$19.9K
ROL icon
598
Rollins
ROL
$17.9B
$2.14M 0.01%
60,699
+1,200
+2% +$44.9K
Y
599
DELISTED
Alleghany Corp
Y
$2.14M 0.01%
3,431
-100
-3% -$66K
JBL icon
600
Jabil
JBL
$35.3B
$2.13M 0.01%
36,542
+2,800
+8% +$166K
22 23
24
25 26

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.