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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
(+3.2%)
Cap. Flow
+$643M
Cap. Flow
% of AUM
3.66%
Top 10 Holdings %
Top 10 Hldgs %
33.38%
Holding
997
New
28
Increased
217
Reduced
551
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.5B |
| 2 |
iShares MSCI USA Value Factor ETF
VLUE
|
+$178M |
| 3 |
iShares MSCI USA Quality Factor ETF
QUAL
|
+$175M |
| 4 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$162M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$92.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$110M |
| 2 |
Microsoft
MSFT
|
+$76.9M |
| 3 |
Morgan Stanley
MS
|
+$66.1M |
| 4 |
Simon Property Group
SPG
|
+$65.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
Dell
DELL
$302B
| $531K | ﹤0.01% |
10,062
-111,643
| -92% | -$5.57M |
|
952
Jack in the Box
JACK
$340M
| $524K | ﹤0.01% |
5,388
-200
| -4% | -$20.9K |
|
953
Nu Skin
NUS
$256M
| $507K | ﹤0.01% |
12,535
-100
| -0.8% | -$5.06K |
|
954
Urban Edge Properties
UE
$2.72B
| $505K | ﹤0.01% |
27,554
-200
| -0.7% | -$3.73K |
|
955
NETSCOUT
NTCT
$2.82B
| $501K | ﹤0.01% |
18,587
| – | – |
|
|
OPLN
956
Openlane
OPLN
$4.57B
| $490K | ﹤0.01% |
29,890
-1,500
| -5% | -$25.3K |
|
957
Urban Outfitters
URBN
$6.82B
| $489K | ﹤0.01% |
16,466
-900
| -5% | -$32.2K |
|
958
Telephone and Data Systems
TDS
$3.78B
| $483K | ﹤0.01% |
24,774
-300
| -1% | -$6.23K |
|
959
Grocery Outlet
GO
$973M
| $472K | ﹤0.01% |
21,900
| – | – |
|
960
Worthington Enterprises
WOR
$2.81B
| $438K | ﹤0.01% |
13,467
-811
| -6% | -$29.2K |
|
961
Greif
GEF
$4.94B
| $431K | ﹤0.01% |
6,678
| – | – |
|
962
LendingTree
TREE
$450M
| $401K | ﹤0.01% |
2,868
+100
| +4% | +$17.5K |
|
963
Mercury Insurance
MCY
$5.94B
| $371K | ﹤0.01% |
6,667
| – | – |
|
964
Pilgrim's Pride
PPC
$6.39B
| $356K | ﹤0.01% |
12,250
| – | – |
|
965
ON Semiconductor
ON
$31.5B
| $348K | ﹤0.01% |
7,600
| – | – |
|
966
PG&E
PCG
$37.9B
| $337K | ﹤0.01% |
35,100
| – | – |
|
|
SUMO
967
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
| $328K | ﹤0.01% |
+20,366
| New | +$405K |
|
968
Fidelity National Financial
FNF
$13.1B
| $322K | ﹤0.01% |
7,384
| – | – |
|
969
Veeva Systems
VEEV
$38.2B
| $288K | ﹤0.01% |
1,000
| – | – |
|
970
PubMatic
PUBM
$766M
| $276K | ﹤0.01% |
+10,461
| New | +$314K |
|
971
Ally Financial
ALLY
$13.4B
| $271K | ﹤0.01% |
5,300
| – | – |
|
972
Liberty Global Class C
LBTYK
$3.43B
| $268K | ﹤0.01% |
9,100
| – | – |
|
973
Equitable Holdings
EQH
$14.5B
| $240K | ﹤0.01% |
8,100
| – | – |
|
974
SS&C Technologies
SSNC
$18.7B
| $229K | ﹤0.01% |
3,300
| – | – |
|
975
Annaly Capital Management
NLY
$17.1B
| $187K | ﹤0.01% |
5,550
| – | – |
|
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BA
CAM
DSA
CHP
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.