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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
XPO icon
626
XPO
XPO
$23.5B
$1.96M 0.01%
41,503
-32,690
-44% -$1.64M
REXR icon
627
Rexford Industrial Realty
REXR
$8.13B
$1.96M 0.01%
34,500
+700
+2% +$42.2K
GXO icon
628
GXO Logistics
GXO
$5.4B
$1.93M 0.01%
+24,660
New +$1.93M
DMTK
629
DELISTED
DermTech, Inc. Common Stock
DMTK
$1.93M 0.01%
60,000
– –
LECO icon
630
Lincoln Electric
LECO
$15.1B
$1.92M 0.01%
14,913
-100
-0.7% -$13.6K
AIRC
631
DELISTED
Apartment Income REIT Corp.
AIRC
$1.92M 0.01%
39,300
-200
-0.5% -$10.1K
AZTA icon
632
Azenta
AZTA
$1.54B
$1.9M 0.01%
18,600
-100
-0.5% -$8.96K
NNN icon
633
NNN REIT
NNN
$8.8B
$1.9M 0.01%
43,983
-300
-0.7% -$14.1K
AGCO icon
634
AGCO
AGCO
$7.06B
$1.9M 0.01%
15,497
-100
-0.6% -$13.1K
CNXC icon
635
Concentrix
CNXC
$1.56B
$1.9M 0.01%
10,707
+200
+2% +$33.1K
TNDM icon
636
Tandem Diabetes Care
TNDM
$1.59B
$1.89M 0.01%
+15,800
New +$1.74M
BJ icon
637
BJs Wholesale Club
BJ
$12.3B
$1.89M 0.01%
34,317
-200
-0.6% -$10.7K
YETI icon
638
Yeti Holdings
YETI
$3.99B
$1.88M 0.01%
21,900
+3,000
+16% +$290K
PBCT
639
DELISTED
People's United Financial Inc
PBCT
$1.88M 0.01%
107,442
-100
-0.1% -$1.63K
EHC icon
640
Encompass Health
EHC
$12.4B
$1.87M 0.01%
31,334
-252
-0.8% -$15.9K
OLED icon
641
Universal Display
OLED
$4.16B
$1.86M 0.01%
10,898
+100
+0.9% +$20.7K
OHI icon
642
Omega Healthcare
OHI
$14.4B
$1.86M 0.01%
62,161
+500
+0.8% +$17.2K
CBSH icon
643
Commerce Bancshares
CBSH
$8.41B
$1.86M 0.01%
34,041
+128
+0.4% +$7.06K
ITT icon
644
ITT
ITT
$18.9B
$1.85M 0.01%
21,581
-100
-0.5% -$9.38K
BC icon
645
Brunswick
BC
$5.21B
$1.85M 0.01%
19,413
-200
-1% -$19.9K
FAF icon
646
First American
FAF
$7.37B
$1.85M 0.01%
27,570
-100
-0.4% -$6.68K
PVH icon
647
PVH
PVH
$4.02B
$1.85M 0.01%
17,956
– –
CPRI icon
648
Capri Holdings
CPRI
$1.75B
$1.84M 0.01%
38,100
– –
IAA
649
DELISTED
IAA, Inc. Common Stock
IAA
$1.84M 0.01%
33,800
-200
-0.6% -$11.1K
ALK icon
650
Alaska Air
ALK
$5.27B
$1.84M 0.01%
31,431
+100
+0.3% +$5.76K
24 25
26
27 28

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.