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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
FR icon
676
First Industrial Realty Trust
FR
$8.36B
$1.68M 0.01%
32,301
-200
-0.6% -$10.9K
VNO icon
677
Vornado Realty Trust
VNO
$7.26B
$1.68M 0.01%
39,968
+500
+1% +$21.5K
EXEL icon
678
Exelixis
EXEL
$13.1B
$1.67M 0.01%
78,958
– –
OGE icon
679
OGE Energy
OGE
$9.54B
$1.65M 0.01%
50,171
-300
-0.6% -$10.4K
PB icon
680
Prosperity Bancshares
PB
$8.81B
$1.65M 0.01%
23,254
-200
-0.9% -$13.8K
ZD icon
681
Ziff Davis
ZD
$2B
$1.65M 0.01%
13,889
-230,345
-94% -$27.7M
ORI icon
682
Old Republic International
ORI
$10.3B
$1.65M 0.01%
71,270
-200
-0.3% -$4.95K
BRX icon
683
Brixmor Property Group
BRX
$9.15B
$1.65M 0.01%
74,384
-400
-0.5% -$9.18K
RNR icon
684
RenaissanceRe
RNR
$13.2B
$1.64M 0.01%
11,793
-700
-6% -$106K
ARWR icon
685
Arrowhead Research
ARWR
$12.5B
$1.63M 0.01%
26,128
-100
-0.4% -$6.47K
MAT icon
686
Mattel
MAT
$4.21B
$1.62M 0.01%
87,418
-500
-0.6% -$10.4K
POST icon
687
Post Holdings
POST
$3.45B
$1.62M 0.01%
22,442
-305
-1% -$21.6K
SNV
688
DELISTED
Synovus
SNV
$1.61M 0.01%
36,705
-700
-2% -$29.6K
TOL icon
689
Toll Brothers
TOL
$14B
$1.6M 0.01%
29,027
+700
+2% +$41.4K
TXRH icon
690
Texas Roadhouse
TXRH
$13.6B
$1.6M 0.01%
17,492
+1,000
+6% +$93.3K
LITE icon
691
Lumentum
LITE
$63.3B
$1.59M 0.01%
19,034
-100
-0.5% -$8.38K
SYNA icon
692
Synaptics
SYNA
$4.09B
$1.59M 0.01%
8,835
– –
PRGO icon
693
Perrigo
PRGO
$1.75B
$1.59M 0.01%
33,500
-51
-0.2% -$2.27K
FOX icon
694
Fox Class B
FOX
$23.6B
$1.58M 0.01%
42,601
-893,400
-95% -$30.6M
SAIA icon
695
Saia
SAIA
$9.49B
$1.57M 0.01%
+6,600
New +$1.53M
TDC icon
696
Teradata
TDC
$2.58B
$1.57M 0.01%
27,364
-300
-1% -$15.5K
AMG icon
697
Affiliated Managers Group
AMG
$9.6B
$1.57M 0.01%
10,366
-100
-1% -$16.4K
SRCL
698
DELISTED
Stericycle Inc
SRCL
$1.57M 0.01%
23,046
-100
-0.4% -$6.91K
RGLD icon
699
Royal Gold
RGLD
$19.8B
$1.56M 0.01%
16,387
-100
-0.6% -$11.2K
COHR icon
700
Coherent
COHR
$63.6B
$1.56M 0.01%
26,286
-100
-0.4% -$6.53K
26 27
28
29 30

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.