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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
SON icon
726
Sonoco
SON
$5.72B
$1.47M 0.01%
24,634
-700
-3% -$44.8K
MAN icon
727
ManpowerGroup
MAN
$2.63B
$1.47M 0.01%
13,549
-200
-1% -$23.3K
LPX icon
728
Louisiana-Pacific
LPX
$5.2B
$1.46M 0.01%
23,842
-1,900
-7% -$112K
HALO icon
729
Halozyme
HALO
$12.2B
$1.45M 0.01%
35,700
+2,000
+6% +$83.6K
ACHC icon
730
Acadia Healthcare
ACHC
$2.96B
$1.43M 0.01%
22,481
-100
-0.4% -$6.31K
SLAB icon
731
Silicon Laboratories
SLAB
$7.2B
$1.43M 0.01%
10,198
-1,100
-10% -$165K
IPGP icon
732
IPG Photonics
IPGP
$3.61B
$1.42M 0.01%
8,983
– –
SKX
733
DELISTED
Skechers
SKX
$1.42M 0.01%
33,764
– –
VNT icon
734
Vontier
VNT
$4.63B
$1.42M 0.01%
42,300
-200
-0.5% -$6.79K
VVV icon
735
Valvoline
VVV
$4.3B
$1.41M 0.01%
45,332
-300
-0.7% -$9.31K
HOG icon
736
Harley-Davidson
HOG
$2.72B
$1.41M 0.01%
38,500
-200
-0.5% -$8.06K
KBR icon
737
KBR
KBR
$4.83B
$1.39M 0.01%
35,268
-400
-1% -$15.5K
CUZ icon
738
Cousins Properties
CUZ
$4.83B
$1.39M 0.01%
37,225
-200
-0.5% -$7.7K
DEI icon
739
Douglas Emmett
DEI
$1.93B
$1.39M 0.01%
43,915
+2,300
+6% +$75.7K
CAR icon
740
Avis
CAR
$4.9B
$1.38M 0.01%
11,824
-1,200
-9% -$106K
EXP icon
741
Eagle Materials
EXP
$6.47B
$1.38M 0.01%
10,503
-200
-2% -$28.7K
LULU icon
742
lululemon athletica
LULU
$14.5B
$1.38M 0.01%
3,400
– –
SRC
743
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.37M 0.01%
29,823
+900
+3% +$44.7K
HELE icon
744
Helen of Troy
HELE
$680M
$1.37M 0.01%
6,083
-100
-2% -$22.9K
MEDP icon
745
Medpace
MEDP
$16.8B
$1.36M 0.01%
7,200
+200
+3% +$36.5K
IBKR icon
746
Interactive Brokers
IBKR
$41.1B
$1.36M 0.01%
87,336
+6,000
+7% +$94.5K
NVT icon
747
nVent Electric
NVT
$26.3B
$1.36M 0.01%
42,065
-200
-0.5% -$6.48K
RL icon
748
Ralph Lauren
RL
$24.2B
$1.36M 0.01%
12,216
+100
+0.8% +$11.6K
VLY icon
749
Valley National Bancorp
VLY
$8.1B
$1.36M 0.01%
101,853
-400
-0.4% -$5.17K
HQY icon
750
HealthEquity
HQY
$8.93B
$1.35M 0.01%
20,866
-100
-0.5% -$6.95K
28 29
30
31 32

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.