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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
SAM icon
776
Boston Beer
SAM
$1.86B
$1.25M 0.01%
2,452
– –
LHCG
777
DELISTED
LHC Group LLC
LHCG
$1.25M 0.01%
7,956
– –
HXL icon
778
Hexcel
HXL
$7.63B
$1.25M 0.01%
21,000
-100
-0.5% -$5.77K
GT icon
779
Goodyear
GT
$1.74B
$1.25M 0.01%
70,413
+100
+0.1% +$1.62K
SAIC icon
780
Saic
SAIC
$5.3B
$1.25M 0.01%
14,557
-100
-0.7% -$8.56K
VMI icon
781
Valmont Industries
VMI
$9.5B
$1.25M 0.01%
5,294
-100
-2% -$23.8K
DINO icon
782
HF Sinclair
DINO
$15.2B
$1.24M 0.01%
37,400
-300
-0.8% -$9.12K
WBS icon
783
Webster Financial
WBS
$12.8B
$1.24M 0.01%
22,710
-100
-0.4% -$4.98K
MTZ icon
784
MasTec
MTZ
$21.5B
$1.24M 0.01%
14,313
+100
+0.7% +$9.49K
WBD icon
785
Warner Bros
WBD
$67.4B
$1.24M 0.01%
48,665
+100
+0.2% +$2.81K
ESNT icon
786
Essent Group
ESNT
$6.23B
$1.23M 0.01%
28,000
-400
-1% -$18.1K
WING icon
787
Wingstop
WING
$3.2B
$1.23M 0.01%
7,500
– –
GAP
788
The Gap Inc
GAP
$7.74B
$1.23M 0.01%
54,033
+1,800
+3% +$49.7K
JBLU icon
789
JetBlue
JBLU
$2.13B
$1.22M 0.01%
79,650
-100
-0.1% -$1.53K
AMED
790
DELISTED
Amedisys
AMED
$1.22M 0.01%
8,151
-100
-1% -$20.8K
CC icon
791
Chemours
CC
$2.2B
$1.2M 0.01%
41,420
-300
-0.7% -$9.71K
STL
792
DELISTED
Sterling Bancorp
STL
$1.2M 0.01%
48,246
-300
-0.6% -$6.8K
NFG icon
793
National Fuel Gas
NFG
$7.78B
$1.2M 0.01%
22,866
-100
-0.4% -$5.18K
SLG icon
794
SL Green Realty
SLG
$3.9B
$1.19M 0.01%
16,800
-700
-4% -$51.1K
CRUS icon
795
Cirrus Logic
CRUS
$6.11B
$1.19M 0.01%
14,424
-100
-0.7% -$8.32K
CXT icon
796
Crane NXT
CXT
$2.96B
$1.18M 0.01%
35,953
– –
TNL icon
797
Travel + Leisure Co
TNL
$4.5B
$1.18M 0.01%
21,613
-100
-0.5% -$5.47K
UBSI icon
798
United Bankshares
UBSI
$6.58B
$1.18M 0.01%
32,395
-1,400
-4% -$48.9K
FLO icon
799
Flowers Foods
FLO
$1.51B
$1.18M 0.01%
49,833
+200
+0.4% +$4.75K
ICUI icon
800
ICU Medical
ICUI
$4.56B
$1.17M 0.01%
5,009
– –
30 31
32
33 34

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.