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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
LLY icon
76
Eli Lilly
LLY
$1.06T
$47.9M 0.27%
207,194
-700
-0.3% -$173K
BRK.A icon
77
Berkshire Hathaway Class A
BRK.A
$1.12T
$47.7M 0.27%
116
– –
TXN icon
78
Texas Instruments
TXN
$261B
$46.3M 0.26%
240,629
-300
-0.1% -$57.2K
MCD icon
79
McDonald's
MCD
$195B
$45.2M 0.26%
187,563
– –
ZTS icon
80
Zoetis
ZTS
$30B
$43.2M 0.25%
222,442
-300
-0.1% -$60.5K
MDT icon
81
Medtronic
MDT
$112B
$42.3M 0.24%
337,437
-800
-0.2% -$104K
FTNT icon
82
Fortinet
FTNT
$117B
$41.4M 0.24%
709,625
-500
-0.1% -$28.9K
BIIB icon
83
Biogen
BIIB
$30.7B
$41.1M 0.23%
145,183
-500
-0.3% -$164K
MCO icon
84
Moody's
MCO
$82.7B
$39.9M 0.23%
112,448
+3,600
+3% +$1.36M
NEE icon
85
NextEra Energy
NEE
$177B
$38.7M 0.22%
492,560
-500
-0.1% -$40.3K
C icon
86
Citigroup
C
$226B
$38.4M 0.22%
547,014
-10,700
-2% -$748K
LIN icon
87
Linde
LIN
$226B
$38M 0.22%
129,664
-1,100
-0.8% -$334K
PM icon
88
Philip Morris
PM
$295B
$37.1M 0.21%
391,351
-411,000
-51% -$41.3M
HON icon
89
Honeywell
HON
$78B
$36.8M 0.21%
183,898
-1,379
-0.7% -$294K
QCOM icon
90
Qualcomm
QCOM
$176B
$36.5M 0.21%
283,274
-284,300
-50% -$40.3M
A icon
91
Agilent Technologies
A
$41.2B
$36.3M 0.21%
230,206
-100
-0% -$16.2K
ORCL icon
92
Oracle
ORCL
$423B
$36M 0.21%
413,628
-43,000
-9% -$3.8M
LOW icon
93
Lowe's Companies
LOW
$125B
$36M 0.2%
177,473
-175,700
-50% -$35M
MS icon
94
Morgan Stanley
MS
$340B
$35.7M 0.2%
366,522
-667,000
-65% -$66.1M
APD icon
95
Air Products & Chemicals
APD
$67.6B
$35.4M 0.2%
138,285
+14,900
+12% +$4.12M
RTX icon
96
RTX Corp
RTX
$301B
$34.5M 0.2%
401,042
-2,200
-0.5% -$188K
IBM icon
97
IBM
IBM
$224B
$34.3M 0.2%
258,177
+419
+0.2% +$56K
MRNA icon
98
Moderna
MRNA
$23.6B
$33.9M 0.19%
+88,200
New +$32.5M
TGT icon
99
Target
TGT
$68B
$33.8M 0.19%
147,543
-100
-0.1% -$25.1K
GS icon
100
Goldman Sachs
GS
$303B
$33.7M 0.19%
89,183
-141,900
-61% -$55.4M
2 3
4
5 6

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.