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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
ETRN
51
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$63.8M 0.36%
6,294,655
-600
-0% -$5.29K
PFE icon
52
Pfizer
PFE
$153B
$63M 0.36%
1,464,332
+600
+0% +$26.6K
INTC icon
53
Intel
INTC
$513B
$62.6M 0.36%
1,175,235
+3,500
+0.3% +$190K
CSCO icon
54
Cisco
CSCO
$479B
$62.6M 0.36%
1,150,273
-1,087,900
-49% -$61M
XOM icon
55
ExxonMobil
XOM
$634B
$62.5M 0.36%
1,063,018
-1,200
-0.1% -$68.4K
NOW icon
56
ServiceNow
NOW
$129B
$62M 0.35%
498,500
+70,500
+16% +$8.54M
GLOB icon
57
Globant
GLOB
$1.61B
$60.7M 0.35%
216,100
+56,500
+35% +$15.5M
IJH icon
58
iShares Core S&P Mid-Cap ETF
IJH
$127B
$59.8M 0.34%
1,136,560
+114,000
+11% +$6.13M
SYK icon
59
Stryker
SYK
$130B
$56.5M 0.32%
214,227
+11,800
+6% +$3.15M
CMG icon
60
Chipotle Mexican Grill
CMG
$41.5B
$54.6M 0.31%
1,501,250
-5,000
-0.3% -$182K
ABT icon
61
Abbott
ABT
$187B
$52.6M 0.3%
445,119
-1,600
-0.4% -$197K
COST icon
62
Costco
COST
$420B
$52.5M 0.3%
116,805
-100
-0.1% -$44K
WMT icon
63
Walmart Inc
WMT
$890B
$52.4M 0.3%
1,128,573
+40,800
+4% +$1.97M
PEP icon
64
PepsiCo
PEP
$190B
$52.2M 0.3%
346,998
-300
-0.1% -$46.4K
IQV icon
65
IQVIA
IQV
$39.3B
$51.4M 0.29%
214,604
-100
-0% -$25.2K
KO icon
66
Coca-Cola
KO
$375B
$51.2M 0.29%
975,522
– –
NKE icon
67
Nike
NKE
$61.9B
$50.9M 0.29%
350,340
+400
+0.1% +$65.2K
SNAP icon
68
Snap
SNAP
$9.01B
$50.6M 0.29%
684,370
-20,000
-3% -$1.44M
AVGO icon
69
Broadcom
AVGO
$2.04T
$49.9M 0.28%
1,029,720
-995,000
-49% -$48.4M
ABBV icon
70
AbbVie
ABBV
$435B
$49.9M 0.28%
462,750
-384,600
-45% -$43.9M
MRK icon
71
Merck
MRK
$318B
$49.4M 0.28%
658,117
-900
-0.1% -$68.4K
CVX icon
72
Chevron
CVX
$366B
$49.3M 0.28%
485,568
-300
-0.1% -$29.9K
KEYS icon
73
Keysight
KEYS
$58.3B
$48.7M 0.28%
296,302
+20,000
+7% +$3.36M
DHR icon
74
Danaher
DHR
$144B
$48.6M 0.28%
179,959
– –
XYZ
75
Block Inc
XYZ
$47.5B
$48.1M 0.27%
200,646
-10,000
-5% -$2.57M
1 2
3
4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.