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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
LIVN icon
826
LivaNova
LIVN
$4.18B
$1.06M 0.01%
13,366
+1,100
+9% +$90.4K
UMBF icon
827
UMB Financial
UMBF
$11B
$1.04M 0.01%
10,798
-200
-2% -$18.2K
CHH icon
828
Choice Hotels
CHH
$4.64B
$1.04M 0.01%
8,246
+1,000
+14% +$120K
PZZA icon
829
Papa John's
PZZA
$768M
$1.04M 0.01%
8,194
-100
-1% -$12.1K
VSXY
830
Victoria's Secret
VSXY
$8.01B
$1.04M 0.01%
+18,800
New +$1.14M
FL
831
DELISTED
Foot Locker
FL
$1.03M 0.01%
22,524
-3,500
-13% -$194K
HWC icon
832
Hancock Whitney
HWC
$6.21B
$1.03M 0.01%
21,786
-100
-0.5% -$4.43K
UNVR
833
DELISTED
Univar Solutions Inc.
UNVR
$1.02M 0.01%
42,800
+100
+0.2% +$2.36K
VSAT icon
834
Viasat
VSAT
$11.7B
$1.01M 0.01%
18,324
+1,200
+7% +$61.3K
RLI icon
835
RLI Corp
RLI
$5.79B
$1M 0.01%
20,018
– –
HPP
836
Hudson Pacific Properties
HPP
$737M
$1M 0.01%
5,452
+14
+0.3% +$2.64K
MUSA icon
837
Murphy USA
MUSA
$10.1B
$1M 0.01%
5,987
-300
-5% -$45.2K
KMPR icon
838
Kemper
KMPR
$1.55B
$999K 0.01%
14,953
-300
-2% -$20.4K
NSP icon
839
Insperity
NSP
$2B
$999K 0.01%
9,025
– –
SAIL
840
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
$999K 0.01%
23,300
– –
SAFM
841
DELISTED
Sanderson Farms Inc
SAFM
$999K 0.01%
5,309
+300
+6% +$56.6K
BKH icon
842
Black Hills Corp
BKH
$5.63B
$998K 0.01%
15,898
+100
+0.6% +$6.82K
SWX icon
843
Southwest Gas
SWX
$6.58B
$993K 0.01%
14,845
+200
+1% +$14K
LOPE icon
844
Grand Canyon Education
LOPE
$3.9B
$991K 0.01%
11,272
-400
-3% -$35.6K
AEO icon
845
American Eagle Outfitters
AEO
$3.05B
$986K 0.01%
38,222
+200
+0.5% +$6.36K
ADNT icon
846
Adient
ADNT
$1.45B
$978K 0.01%
23,586
-200
-0.8% -$7.97K
DBX icon
847
Dropbox
DBX
$8.1B
$978K 0.01%
+33,459
New +$1.04M
MIME
848
DELISTED
Mimecast Limited
MIME
$973K 0.01%
+15,300
New +$937K
WEN icon
849
Wendy's
WEN
$1.39B
$968K 0.01%
44,668
– –
PGNY icon
850
Progyny
PGNY
$2.21B
$963K 0.01%
17,200
+7,800
+83% +$431K
32 33
34
35 36

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.