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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
FHI icon
901
Federated Hermes
FHI
$4.77B
$795K ﹤0.01%
24,449
+900
+4% +$29.4K
SR icon
902
Spire
SR
$4.81B
$793K ﹤0.01%
12,956
-100
-0.8% -$6.84K
BCO icon
903
Brink's
BCO
$4.57B
$789K ﹤0.01%
12,461
-100
-0.8% -$7.51K
PSB
904
DELISTED
PS Business Parks, Inc.
PSB
$785K ﹤0.01%
5,009
-100
-2% -$15.4K
ALE
905
DELISTED
Allete
ALE
$777K ﹤0.01%
13,050
-100
-0.8% -$6.76K
NUVA
906
DELISTED
NuVasive, Inc.
NUVA
$775K ﹤0.01%
12,950
-100
-0.8% -$6.17K
CDP icon
907
COPT Defense Properties
CDP
$4.14B
$760K ﹤0.01%
28,170
-100
-0.4% -$2.85K
TCBI icon
908
Texas Capital Bancshares
TCBI
$4.3B
$760K ﹤0.01%
12,661
-100
-0.8% -$6.23K
CNO icon
909
CNO Financial Group
CNO
$5.14B
$753K ﹤0.01%
31,979
-1,200
-4% -$28.1K
BLKB icon
910
Blackbaud
BLKB
$2.12B
$744K ﹤0.01%
10,572
-1,700
-14% -$120K
NWE icon
911
NorthWestern Energy
NWE
$4.37B
$743K ﹤0.01%
12,961
+200
+2% +$12.4K
JWN
912
DELISTED
Nordstrom
JWN
$738K ﹤0.01%
27,900
+500
+2% +$16K
PEB icon
913
Pebblebrook Hotel Trust
PEB
$2B
$738K ﹤0.01%
32,935
-200
-0.6% -$4.43K
RCM
914
DELISTED
R1 RCM Inc. Common Stock
RCM
$737K ﹤0.01%
33,500
-1,300
-4% -$26.9K
TEX icon
915
Terex
TEX
$7.61B
$736K ﹤0.01%
17,474
-100
-0.6% -$4.73K
KEX icon
916
Kirby Corp
KEX
$6.95B
$720K ﹤0.01%
15,013
-100
-0.7% -$5.54K
KMT icon
917
Kennametal
KMT
$2.42B
$718K ﹤0.01%
20,967
-100
-0.5% -$3.59K
CBT icon
918
Cabot Corp
CBT
$4.47B
$712K ﹤0.01%
14,209
-100
-0.7% -$5.34K
MLKN icon
919
MillerKnoll
MLKN
$1.64B
$710K ﹤0.01%
18,849
+4,000
+27% +$172K
NWS icon
920
News Corp Class B
NWS
$17.5B
$710K ﹤0.01%
30,544
-100
-0.3% -$2.29K
NGVT icon
921
Ingevity
NGVT
$2.62B
$707K ﹤0.01%
9,903
-200
-2% -$15.8K
PRG icon
922
PROG Holdings
PRG
$1.71B
$701K ﹤0.01%
16,687
-300
-2% -$13.5K
XRX icon
923
Xerox
XRX
$424M
$694K ﹤0.01%
34,400
-6,200
-15% -$141K
CNX icon
924
CNX Resources
CNX
$5.32B
$689K ﹤0.01%
54,588
-900
-2% -$10.9K
WERN icon
925
Werner Enterprises
WERN
$2.22B
$685K ﹤0.01%
15,463
+1,100
+8% +$50.4K
35 36
37
38 39

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.