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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
VSH icon
926
Vishay Intertechnology
VSH
$5.18B
$668K ﹤0.01%
33,226
-200
-0.6% -$4.32K
MRCY icon
927
Mercury Systems
MRCY
$6.54B
$666K ﹤0.01%
14,035
-100
-0.7% -$5.56K
SFM icon
928
Sprouts Farmers Market
SFM
$8.02B
$664K ﹤0.01%
28,643
-1,100
-4% -$26.8K
COTY icon
929
Coty
COTY
$2.51B
$659K ﹤0.01%
83,800
+12,400
+17% +$106K
VC icon
930
Visteon
VC
$2.78B
$657K ﹤0.01%
6,962
-100
-1% -$10.8K
BDC icon
931
Belden
BDC
$5.24B
$653K ﹤0.01%
11,214
-100
-0.9% -$5.36K
PDCO
932
DELISTED
Patterson Companies, Inc.
PDCO
$651K ﹤0.01%
21,591
-300
-1% -$9.11K
YELP icon
933
Yelp
YELP
$1.33B
$644K ﹤0.01%
17,297
-400
-2% -$15.2K
ONEM
934
DELISTED
1Life Healthcare
ONEM
$636K ﹤0.01%
+31,394
New +$807K
WWE
935
DELISTED
World Wrestling Entertainment
WWE
$634K ﹤0.01%
11,277
-100
-0.9% -$5.21K
AMKR icon
936
Amkor Technology
AMKR
$13.3B
$626K ﹤0.01%
25,100
-2,000
-7% -$51K
FULT icon
937
Fulton Financial
FULT
$4.59B
$624K ﹤0.01%
40,820
-200
-0.5% -$3.1K
ENR icon
938
Energizer
ENR
$1.5B
$614K ﹤0.01%
15,736
+1,100
+8% +$44.3K
EBS icon
939
Emergent Biosolutions
EBS
$228M
$601K ﹤0.01%
12,000
+500
+4% +$30.3K
TPH
940
DELISTED
Tri Pointe Homes
TPH
$600K ﹤0.01%
28,537
-1,300
-4% -$29.3K
NEU icon
941
NewMarket
NEU
$8.36B
$599K ﹤0.01%
1,768
-100
-5% -$32.8K
MTX icon
942
Minerals Technologies
MTX
$2.31B
$588K ﹤0.01%
8,415
-100
-1% -$7.63K
WAFD icon
943
WaFd
WAFD
$2.75B
$585K ﹤0.01%
17,052
-1,200
-7% -$39K
GHC icon
944
Graham Holdings Company
GHC
$4.96B
$580K ﹤0.01%
984
– –
TRN icon
945
Trinity Industries
TRN
$2.29B
$569K ﹤0.01%
20,927
+500
+2% +$13.8K
WLY icon
946
John Wiley & Sons Class A
WLY
$2.62B
$569K ﹤0.01%
10,893
-100
-0.9% -$5.73K
FLR icon
947
Fluor
FLR
$7.44B
$565K ﹤0.01%
35,385
+3,700
+12% +$60.7K
IBOC icon
948
International Bancshares
IBOC
$4.5B
$555K ﹤0.01%
13,329
-700
-5% -$28.6K
DY icon
949
Dycom Industries
DY
$12.2B
$551K ﹤0.01%
7,741
– –
CMP icon
950
Compass Minerals
CMP
$1.14B
$550K ﹤0.01%
8,541
– –
36 37
38
39 40

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.