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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
BLK icon
101
Blackrock
BLK
$176B
$33.5M 0.19%
39,898
+200
+0.5% +$179K
UPS icon
102
United Parcel Service
UPS
$88.9B
$33.3M 0.19%
182,819
+1,000
+0.5% +$197K
SBUX icon
103
Starbucks
SBUX
$120B
$32.7M 0.19%
296,042
-200
-0.1% -$23.4K
AMAT icon
104
Applied Materials
AMAT
$428B
$32.2M 0.18%
250,024
-278,200
-53% -$37.8M
UNP icon
105
Union Pacific
UNP
$174B
$32.1M 0.18%
163,748
-3,200
-2% -$691K
AMGN icon
106
Amgen
AMGN
$222B
$31.3M 0.18%
147,182
-1,900
-1% -$437K
BA icon
107
Boeing
BA
$185B
$30.4M 0.17%
138,371
+200
+0.1% +$44.6K
AMT icon
108
American Tower
AMT
$80.4B
$30.3M 0.17%
114,295
– –
ISRG icon
109
Intuitive Surgical
ISRG
$134B
$29.6M 0.17%
89,421
– –
TWTR
110
DELISTED
Twitter, Inc.
TWTR
$29.1M 0.17%
482,056
-200
-0% -$13.1K
GE icon
111
GE Aerospace
GE
$384B
$28.4M 0.16%
442,442
-321
-0.1% -$20.6K
SCHW
112
Charles Schwab
SCHW
$187B
$27.5M 0.16%
376,940
-100
-0% -$7.14K
MMM icon
113
3M
MMM
$94.3B
$27.2M 0.15%
185,708
-478
-0.3% -$77.4K
CAT icon
114
Caterpillar
CAT
$387B
$26.4M 0.15%
137,476
-200
-0.1% -$41.7K
BKNG icon
115
Booking.com
BKNG
$161B
$24.5M 0.14%
257,600
– –
MBB icon
116
iShares MBS ETF
MBB
$39.1B
$24.4M 0.14%
225,800
– –
PLD icon
117
Prologis
PLD
$133B
$24.2M 0.14%
193,044
-300
-0.2% -$38.9K
DE icon
118
Deere & Co
DE
$168B
$23.9M 0.14%
71,289
-7,100
-9% -$2.56M
ELV icon
119
Elevance Health
ELV
$85.5B
$23.8M 0.14%
63,910
-300
-0.5% -$114K
LMT icon
120
Lockheed Martin
LMT
$136B
$23.6M 0.13%
68,290
-116,600
-63% -$42.2M
MU icon
121
Micron Technology
MU
$991B
$23.3M 0.13%
327,763
+800
+0.2% +$60.1K
CHTR icon
122
Charter Communications
CHTR
$18.2B
$23.1M 0.13%
31,816
-2,800
-8% -$2.12M
ADI icon
123
Analog Devices
ADI
$190B
$22.8M 0.13%
136,424
+43,721
+47% +$7.33M
COP icon
124
ConocoPhillips
COP
$141B
$22.8M 0.13%
336,198
-3,000
-0.9% -$173K
MO icon
125
Altria Group
MO
$114B
$22.5M 0.13%
495,124
-776,200
-61% -$37.5M
3 4
5
6 7

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.