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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
SLM icon
751
SLM Corp
SLM
$5.14B
$1.35M 0.01%
76,621
-4,700
-6% -$88.2K
QDEL icon
752
QuidelOrtho
QDEL
$938M
$1.34M 0.01%
9,500
-300
-3% -$40.3K
MSA icon
753
Mine Safety
MSA
$7.45B
$1.33M 0.01%
9,130
– –
AN icon
754
AutoNation
AN
$6.88B
$1.33M 0.01%
10,919
-2,700
-20% -$305K
PACW
755
DELISTED
PacWest Bancorp
PACW
$1.33M 0.01%
29,332
-100
-0.3% -$4.15K
EVR icon
756
Evercore
EVR
$11.5B
$1.32M 0.01%
9,914
-400
-4% -$54.4K
IRDM icon
757
Iridium Communications
IRDM
$5.23B
$1.32M 0.01%
33,100
+3,500
+12% +$147K
OZK icon
758
Bank OZK
OZK
$5.63B
$1.31M 0.01%
30,527
+100
+0.3% +$4.17K
IDA icon
759
Idacorp
IDA
$8.08B
$1.31M 0.01%
12,641
-100
-0.8% -$10.4K
NATI
760
DELISTED
National Instruments Corp
NATI
$1.31M 0.01%
33,313
+100
+0.3% +$4.18K
CLH icon
761
Clean Harbors
CLH
$16.4B
$1.3M 0.01%
12,556
-100
-0.8% -$9.84K
CDK
762
DELISTED
CDK Global, Inc.
CDK
$1.3M 0.01%
30,527
-709,200
-96% -$32M
BYD icon
763
Boyd Gaming
BYD
$5.92B
$1.3M 0.01%
20,518
+200
+1% +$11.9K
CIT
764
DELISTED
CIT Group Inc.
CIT
$1.29M 0.01%
24,844
-100
-0.4% -$5.12K
CW icon
765
Curtiss-Wright
CW
$25.6B
$1.29M 0.01%
10,198
-100
-1% -$12K
NOV icon
766
NOV
NOV
$7.38B
$1.28M 0.01%
97,900
-274
-0.3% -$3.7K
UNM icon
767
Unum
UNM
$14.5B
$1.28M 0.01%
51,200
-160
-0.3% -$4.24K
MMS icon
768
Maximus
MMS
$2.9B
$1.28M 0.01%
15,392
-100
-0.6% -$8.57K
VYX icon
769
NCR Voyix
VYX
$1.09B
$1.28M 0.01%
53,676
-163
-0.3% -$4.24K
MTG icon
770
MGIC Investment
MTG
$6.21B
$1.27M 0.01%
85,000
-500
-0.6% -$7.24K
SMTC icon
771
Semtech
SMTC
$12.2B
$1.27M 0.01%
16,287
-100
-0.6% -$6.85K
RYN icon
772
Rayonier
RYN
$6.52B
$1.26M 0.01%
39,070
+441
+1% +$14.8K
ASH icon
773
Ashland
ASH
$3.45B
$1.26M 0.01%
14,172
+400
+3% +$35.1K
BFH icon
774
Bread Financial
BFH
$4.38B
$1.26M 0.01%
15,688
– –
IART icon
775
Integra LifeSciences
IART
$1.33B
$1.25M 0.01%
18,266
+400
+2% +$28.3K
29 30
31
32 33

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.