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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
SXT icon
851
Sensient Technologies
SXT
$5.51B
$963K 0.01%
10,568
-100
-0.9% -$8.76K
DOC
852
DELISTED
PHYSICIANS REALTY TRUST
DOC
$960K 0.01%
54,467
+200
+0.4% +$3.7K
SABR icon
853
Sabre
SABR
$823M
$957K 0.01%
80,801
+300
+0.4% +$3.4K
UAA icon
854
Under Armour
UAA
$2.4B
$956K 0.01%
47,358
-100
-0.2% -$2.21K
MSM icon
855
MSC Industrial Direct
MSM
$6.84B
$945K 0.01%
11,788
-100
-0.8% -$8.49K
BHF icon
856
Brighthouse Financial
BHF
$3.43B
$944K 0.01%
20,865
-800
-4% -$36.1K
QLYS icon
857
Qualys
QLYS
$6.55B
$935K 0.01%
8,400
-100
-1% -$11K
FNB icon
858
FNB Corp
FNB
$6.72B
$930K 0.01%
80,057
-400
-0.5% -$4.61K
EPR icon
859
EPR Properties
EPR
$4.62B
$925K 0.01%
18,729
-100
-0.5% -$5.07K
AVT icon
860
Avnet
AVT
$7.98B
$923K 0.01%
24,963
-100
-0.4% -$3.95K
CMC icon
861
Commercial Metals
CMC
$8.11B
$921K 0.01%
30,238
-100
-0.3% -$3.18K
OLLI icon
862
Ollie's Bargain Outlet
OLLI
$4.81B
$919K 0.01%
15,240
+900
+6% +$72.8K
UA icon
863
Under Armour Class C
UA
$2.36B
$916K 0.01%
52,299
+2,900
+6% +$55.5K
CRNC icon
864
Cerence
CRNC
$398M
$913K 0.01%
+9,500
New +$1.04M
MUR icon
865
Murphy Oil
MUR
$5.11B
$909K 0.01%
36,395
-200
-0.5% -$4.31K
CCMP
866
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$907K 0.01%
7,362
– –
ACIW icon
867
ACI Worldwide
ACIW
$5.32B
$903K 0.01%
29,398
-400
-1% -$13.3K
HAE icon
868
Haemonetics
HAE
$3.93B
$900K 0.01%
12,756
-100
-0.8% -$6.31K
HAIN icon
869
Hain Celestial
HAIN
$54.3M
$899K 0.01%
21,013
+400
+2% +$15.8K
HOMB icon
870
Home BancShares
HOMB
$6.15B
$891K 0.01%
37,868
-500
-1% -$11.1K
MAC icon
871
Macerich
MAC
$6.86B
$891K 0.01%
53,349
+11,200
+27% +$190K
FCFS icon
872
FirstCash
FCFS
$9.07B
$884K 0.01%
10,098
-200
-2% -$16.5K
KBH icon
873
KB Home
KBH
$3.45B
$876K 0.01%
22,497
+100
+0.4% +$4.15K
KNSL icon
874
Kinsale Capital Group
KNSL
$8.4B
$873K 0.01%
5,400
– –
CVLT icon
875
Commault Systems
CVLT
$5.76B
$866K ﹤0.01%
11,503
-100
-0.9% -$7.76K
33 34
35
36 37

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.