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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
BDX icon
151
Becton Dickinson
BDX
$48.2B
$17.7M 0.1%
73,899
-1,025
-1% -$251K
EL icon
152
Estee Lauder
EL
$32B
$17.5M 0.1%
58,201
-100
-0.2% -$32.7K
CME icon
153
CME Group
CME
$94.8B
$17.4M 0.1%
90,189
-100
-0.1% -$20.3K
SFIX
154
Stitch Fix
SFIX
$560M
$17.1M 0.1%
426,983
– –
CSX icon
155
CSX Corp
CSX
$93.1B
$16.8M 0.1%
566,069
-5,200
-0.9% -$167K
FISV
156
Fiserv Inc
FISV
$27.9B
$16.8M 0.1%
155,158
-100
-0.1% -$11.2K
REGN icon
157
Regeneron Pharmaceuticals
REGN
$80.8B
$16.5M 0.09%
27,292
+100
+0.4% +$62.1K
SO icon
158
Southern Company
SO
$107B
$16.5M 0.09%
265,882
-200
-0.1% -$12.9K
F icon
159
Ford
F
$55.7B
$16.5M 0.09%
1,163,253
-400
-0% -$5.44K
UPST icon
160
Upstart Holdings
UPST
$3.03B
$16.4M 0.09%
+51,885
New +$10.2M
ADSK icon
161
Autodesk
ADSK
$52.6B
$16.4M 0.09%
57,403
-135,200
-70% -$41.4M
BABA icon
162
Alibaba
BABA
$308B
$16.3M 0.09%
110,250
– –
ICE icon
163
Intercontinental Exchange
ICE
$84.4B
$16.2M 0.09%
141,410
-100
-0.1% -$11.9K
ITW icon
164
Illinois Tool Works
ITW
$84.5B
$16.1M 0.09%
77,843
-300
-0.4% -$67.6K
CL icon
165
Colgate-Palmolive
CL
$74.4B
$16M 0.09%
211,836
-800
-0.4% -$63.5K
TSM icon
166
TSMC
TSM
$2.18T
$15.9M 0.09%
142,600
– –
ATVI
167
DELISTED
Activision Blizzard
ATVI
$15.7M 0.09%
203,442
-100
-0% -$8.36K
XLV icon
168
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$15.7M 0.09%
123,528
-8,100
-6% -$1.07M
ETN icon
169
Eaton
ETN
$174B
$15.7M 0.09%
105,100
-100
-0.1% -$16K
BSX icon
170
Boston Scientific
BSX
$71.5B
$15.5M 0.09%
357,565
+400
+0.1% +$17.7K
PGR icon
171
Progressive
PGR
$125B
$15.1M 0.09%
166,975
-100
-0.1% -$9.53K
HCA icon
172
HCA Healthcare
HCA
$89.5B
$15M 0.09%
61,882
-4,200
-6% -$1.03M
SSYS icon
173
Stratasys
SSYS
$774M
$15M 0.09%
697,503
– –
ILMN icon
174
Illumina
ILMN
$28.4B
$15M 0.09%
37,916
+206
+0.5% +$94.7K
NSC icon
175
Norfolk Southern
NSC
$75.1B
$14.8M 0.08%
62,011
-900
-1% -$231K
5 6
7
8 9

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.