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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
NEOG icon
801
Neogen
NEOG
$2.49B
$1.17M 0.01%
26,900
-200
-0.7% -$8.7K
SSD icon
802
Simpson Manufacturing
SSD
$8.03B
$1.17M 0.01%
10,900
– –
FCN icon
803
FTI Consulting
FCN
$4.17B
$1.16M 0.01%
8,625
– –
THG icon
804
Hanover Insurance
THG
$7.86B
$1.16M 0.01%
8,959
-100
-1% -$13.6K
WTFC icon
805
Wintrust Financial
WTFC
$10.7B
$1.15M 0.01%
14,329
– –
ABNB icon
806
Airbnb
ABNB
$111B
$1.15M 0.01%
+6,831
New +$1.04M
HIW icon
807
Highwoods Properties
HIW
$3.41B
$1.15M 0.01%
26,101
-100
-0.4% -$4.58K
TKR icon
808
Timken Company
TKR
$8.77B
$1.14M 0.01%
17,376
+100
+0.6% +$7.43K
PK icon
809
Park Hotels & Resorts
PK
$2.92B
$1.13M 0.01%
59,265
-300
-0.5% -$5.67K
SIGI icon
810
Selective Insurance
SIGI
$5.66B
$1.13M 0.01%
15,019
-100
-0.7% -$8.05K
CHX
811
DELISTED
ChampionX
CHX
$1.13M 0.01%
50,565
+3,400
+7% +$77.7K
FLS icon
812
Flowserve
FLS
$10.1B
$1.13M 0.01%
32,600
-200
-0.6% -$7.83K
DTM icon
813
DT Midstream
DTM
$13.7B
$1.12M 0.01%
+24,300
New +$1.06M
HE icon
814
Hawaiian Electric Industries
HE
$2.02B
$1.12M 0.01%
27,425
-100
-0.4% -$4.29K
UMPQ
815
DELISTED
Umpqua Holdings Corp
UMPQ
$1.12M 0.01%
55,155
-400
-0.7% -$7.67K
HRB icon
816
H&R Block
HRB
$5.82B
$1.11M 0.01%
44,600
-1,100
-2% -$27.4K
R icon
817
Ryder
R
$9.98B
$1.11M 0.01%
13,445
-100
-0.7% -$7.7K
ENV
818
DELISTED
ENVESTNET, INC.
ENV
$1.1M 0.01%
13,700
– –
TGNA
819
DELISTED
TEGNA Inc
TGNA
$1.09M 0.01%
55,366
-300
-0.5% -$5.45K
HR
820
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.09M 0.01%
36,464
+800
+2% +$24.5K
SNX icon
821
TD Synnex
SNX
$20.3B
$1.08M 0.01%
10,407
-230,700
-96% -$27.6M
NSA
822
DELISTED
National Storage Affiliates Trust
NSA
$1.08M 0.01%
20,400
+3,000
+17% +$165K
CRI icon
823
Carter's
CRI
$1.48B
$1.07M 0.01%
10,993
-100
-0.9% -$10.1K
TXNM
824
TXNM Energy Inc
TXNM
$5.91B
$1.06M 0.01%
21,457
-200
-0.9% -$9.79K
AVNT icon
825
Avient
AVNT
$4.19B
$1.06M 0.01%
22,881
-100
-0.4% -$4.8K
31 32
33
34 35

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.