We are live on ! Find out more
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
PCH
876
DELISTED
PotlatchDeltic
PCH
$866K ﹤0.01%
16,793
-100
-0.6% -$5.22K
JBGS
877
JBG SMITH
JBGS
$648M
$861K ﹤0.01%
29,063
+1,200
+4% +$37K
OGS icon
878
ONE Gas
OGS
$4.98B
$850K ﹤0.01%
13,407
– –
AM icon
879
Antero Midstream
AM
$10.3B
$847K ﹤0.01%
81,290
+9,100
+13% +$89.2K
NJR icon
880
New Jersey Resources
NJR
$5.48B
$841K ﹤0.01%
24,149
-100
-0.4% -$3.78K
COLM icon
881
Columbia Sportswear
COLM
$2.92B
$839K ﹤0.01%
8,756
+1,100
+14% +$111K
OPCH icon
882
Option Care Health
OPCH
$3.66B
$839K ﹤0.01%
+34,600
New +$803K
CBRL icon
883
Cracker Barrel
CBRL
$1.24B
$837K ﹤0.01%
5,988
– –
TRIP icon
884
TripAdvisor
TRIP
$1.25B
$836K ﹤0.01%
24,701
– –
MZTI
885
The Marzetti Company
MZTI
$3.12B
$832K ﹤0.01%
4,929
– –
NAVI icon
886
Navient
NAVI
$816M
$831K ﹤0.01%
42,094
-3,100
-7% -$66.5K
BOH icon
887
Bank of Hawaii
BOH
$3.1B
$830K ﹤0.01%
10,099
-100
-1% -$8.29K
NKTR icon
888
Nektar Therapeutics
NKTR
$2.55B
$827K ﹤0.01%
3,071
+7
+0.2% +$1.68K
ASB icon
889
Associated Banc-Corp
ASB
$5.89B
$821K ﹤0.01%
38,331
-200
-0.5% -$4.06K
SIX
890
DELISTED
Six Flags Entertainment Corp.
SIX
$821K ﹤0.01%
19,329
+200
+1% +$8.31K
SBRA icon
891
Sabra Healthcare REIT
SBRA
$5.29B
$814K ﹤0.01%
55,324
+900
+2% +$15.2K
CADE
892
DELISTED
Cadence Bank
CADE
$811K ﹤0.01%
27,244
+2,900
+12% +$80.9K
DAN icon
893
Dana Inc
DAN
$3.2B
$810K ﹤0.01%
36,421
-200
-0.5% -$4.59K
CALY
894
Callaway Golf Company
CALY
$3.07B
$810K ﹤0.01%
29,300
– –
CATY icon
895
Cathay General Bancorp
CATY
$4.21B
$809K ﹤0.01%
19,539
+700
+4% +$27.3K
TMHC
896
DELISTED
Taylor Morrison
TMHC
$809K ﹤0.01%
31,379
-1,100
-3% -$29.1K
SLGN icon
897
Silgan Holdings
SLGN
$4.31B
$805K ﹤0.01%
20,996
+1,200
+6% +$48.9K
RAMP icon
898
LiveRamp
RAMP
$2.3B
$802K ﹤0.01%
16,982
-300
-2% -$13.5K
GATX icon
899
GATX Corp
GATX
$6.23B
$799K ﹤0.01%
8,920
– –
ENS icon
900
EnerSys
ENS
$6.84B
$796K ﹤0.01%
10,698
-100
-0.9% -$8.87K
34 35
36
37 38

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.