We are live on ! Find out more
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
GM icon
126
General Motors
GM
$76.8B
$22.5M 0.13%
427,062
+43,600
+11% +$2.32M
EFC
127
Ellington Financial
EFC
$1.71B
$22.3M 0.13%
1,218,930
– –
ADP icon
128
Automatic Data Processing
ADP
$108B
$22M 0.13%
110,054
-700
-0.6% -$144K
GPMT
129
Granite Point Mortgage Trust
GPMT
$61.2M
$21.1M 0.12%
1,600,000
– –
LRCX icon
130
Lam Research
LRCX
$390B
$21.1M 0.12%
369,850
-1,000
-0.3% -$60.8K
PNC icon
131
PNC Financial Services
PNC
$101B
$20.9M 0.12%
106,747
-100
-0.1% -$18.9K
MDLZ icon
132
Mondelez International
MDLZ
$79.9B
$20.4M 0.12%
351,003
-2,100
-0.6% -$131K
USB icon
133
US Bancorp
USB
$99.6B
$20.1M 0.11%
338,799
-2,000
-0.6% -$114K
FIS icon
134
Fidelity National Information Services
FIS
$22.1B
$20M 0.11%
164,433
-800
-0.5% -$107K
TJX icon
135
TJX Companies
TJX
$178B
$20M 0.11%
302,945
-200
-0.1% -$14K
TFC icon
136
Truist Financial
TFC
$64B
$19.7M 0.11%
335,126
-3,000
-0.9% -$168K
MRSH
137
Marsh
MRSH
$91.5B
$19.3M 0.11%
127,236
-600
-0.5% -$90.7K
CB icon
138
Chubb
CB
$135B
$19.1M 0.11%
110,139
-2,900
-3% -$508K
COF icon
139
Capital One
COF
$134B
$19.1M 0.11%
117,904
-1,500
-1% -$245K
DUK icon
140
Duke Energy
DUK
$97.3B
$18.9M 0.11%
193,170
-200
-0.1% -$20.7K
TMUS icon
141
T-Mobile US
TMUS
$190B
$18.8M 0.11%
147,300
– –
CCI icon
142
Crown Castle
CCI
$32.2B
$18.8M 0.11%
108,507
-100
-0.1% -$19.3K
DAVA icon
143
Endava
DAVA
$156M
$18.3M 0.1%
134,500
+26,500
+25% +$3.42M
EW icon
144
Edwards Lifesciences
EW
$51.7B
$18.2M 0.1%
160,943
+300
+0.2% +$34.2K
CI icon
145
Cigna
CI
$74.6B
$18.2M 0.1%
90,874
-900
-1% -$196K
SHW icon
146
Sherwin-Williams
SHW
$89.8B
$18.1M 0.1%
64,547
+700
+1% +$205K
AON icon
147
Aon
AON
$76B
$18M 0.1%
62,924
– –
TCPC icon
148
BlackRock TCP Capital
TCPC
$345M
$17.9M 0.1%
1,320,000
– –
SPNT icon
149
SiriusPoint
SPNT
$2.68B
$17.9M 0.1%
1,930,000
– –
EQIX icon
150
Equinix
EQIX
$103B
$17.8M 0.1%
22,490
– –
4 5
6
7 8

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.