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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
CPB icon
601
Campbell Soup
CPB
$6.69B
$2.13M 0.01%
50,971
-100
-0.2% -$4.34K
DXC icon
602
DXC Technology
DXC
$1.74B
$2.13M 0.01%
63,266
-800
-1% -$30.3K
MKSI icon
603
MKS Inc
MKSI
$19.8B
$2.1M 0.01%
13,940
– –
JAZZ icon
604
Jazz Pharmaceuticals
JAZZ
$16.7B
$2.1M 0.01%
16,100
+200
+1% +$30.2K
OGN icon
605
Organon & Co
OGN
$3.58B
$2.09M 0.01%
63,701
+100
+0.2% +$3.2K
AZPN
606
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$2.09M 0.01%
17,000
-100
-0.6% -$12.3K
UTHR icon
607
United Therapeutics
UTHR
$22.7B
$2.08M 0.01%
11,293
– –
CHDN icon
608
Churchill Downs
CHDN
$6.02B
$2.08M 0.01%
17,344
-200
-1% -$20.3K
AFG icon
609
American Financial Group
AFG
$11.9B
$2.08M 0.01%
16,529
-800
-5% -$104K
FRT icon
610
Federal Realty Investment Trust
FRT
$10.2B
$2.07M 0.01%
17,578
-200
-1% -$23.7K
SEE
611
DELISTED
Sealed Air
SEE
$2.06M 0.01%
37,666
-500
-1% -$29.1K
NYT icon
612
New York Times
NYT
$10.5B
$2.06M 0.01%
41,821
+5,200
+14% +$246K
G icon
613
Genpact
G
$5.73B
$2.06M 0.01%
43,300
-600
-1% -$29.8K
PNW icon
614
Pinnacle West Capital
PNW
$12B
$2.05M 0.01%
28,328
– –
DVA icon
615
DaVita
DVA
$11.7B
$2.04M 0.01%
17,510
-800
-4% -$100K
APA icon
616
APA Corp
APA
$14.4B
$2.03M 0.01%
94,896
-100
-0.1% -$1.91K
TTEK icon
617
Tetra Tech
TTEK
$8.97B
$2.02M 0.01%
67,725
-500
-0.7% -$13.7K
LNW
618
DELISTED
Light & Wonder
LNW
$2.01M 0.01%
24,145
+9,900
+69% +$698K
CIEN icon
619
Ciena
CIEN
$54.9B
$1.99M 0.01%
38,763
-300
-0.8% -$16.7K
RGA icon
620
Reinsurance Group of America
RGA
$15.8B
$1.98M 0.01%
17,797
-100
-0.6% -$11.4K
GNTX icon
621
Gentex
GNTX
$5.02B
$1.98M 0.01%
59,896
-1,000
-2% -$32.3K
WEX icon
622
WEX
WEX
$6.35B
$1.97M 0.01%
11,193
-100
-0.9% -$18.2K
ATR icon
623
AptarGroup
ATR
$8.5B
$1.97M 0.01%
16,492
-100
-0.6% -$13.2K
DKS icon
624
Dick's Sporting Goods
DKS
$19.2B
$1.96M 0.01%
16,397
-100
-0.6% -$11.6K
STOR
625
DELISTED
STORE Capital Corporation
STOR
$1.96M 0.01%
61,287
-100
-0.2% -$3.54K
23 24
25
26 27

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.