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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
D icon
176
Dominion Energy
D
$59.3B
$14.8M 0.08%
203,023
+300
+0.1% +$22.9K
WM icon
177
Waste Management
WM
$91B
$14.5M 0.08%
97,274
-400
-0.4% -$59.9K
FDX icon
178
FedEx
FDX
$75.4B
$14.5M 0.08%
66,187
+400
+0.6% +$109K
AMRS
179
DELISTED
Amyris Inc.
AMRS
$14.3M 0.08%
+1,045,000
New +$15M
NOC icon
180
Northrop Grumman
NOC
$81.2B
$14.2M 0.08%
39,533
+200
+0.5% +$72.3K
EMR icon
181
Emerson Electric
EMR
$88.3B
$14.1M 0.08%
150,104
-700
-0.5% -$69.8K
IDXX icon
182
Idexx Laboratories
IDXX
$46.2B
$14M 0.08%
22,454
-100
-0.4% -$67.2K
NXPI icon
183
NXP Semiconductors
NXPI
$60.4B
$13.8M 0.08%
70,200
-2,700
-4% -$561K
SPOT icon
184
Spotify
SPOT
$100B
$13.7M 0.08%
60,931
– –
XLF icon
185
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
$13.7M 0.08%
365,417
-365,000
-50% -$13.7M
GPN icon
186
Global Payments
GPN
$22.8B
$13.6M 0.08%
86,263
-500
-0.6% -$86.9K
KLAC icon
187
KLA
KLAC
$259B
$13.3M 0.08%
396,930
-1,000
-0.3% -$33.4K
DXCM icon
188
DexCom
DXCM
$32B
$13.3M 0.08%
97,008
-400
-0.4% -$50.4K
ECL icon
189
Ecolab
ECL
$79.9B
$13M 0.07%
62,495
– –
EXC icon
190
Exelon
EXC
$47B
$13M 0.07%
377,821
-280
-0.1% -$9.57K
JCI icon
191
Johnson Controls International
JCI
$92.2B
$12.9M 0.07%
190,085
-1,400
-0.7% -$101K
AXP icon
192
American Express
AXP
$230B
$12.9M 0.07%
+77,000
New +$12.9M
PSA icon
193
Public Storage
PSA
$61.3B
$12.7M 0.07%
42,900
– –
EOG icon
194
EOG Resources
EOG
$70.7B
$12.7M 0.07%
158,724
-100
-0.1% -$7.29K
EBAY icon
195
eBay
EBAY
$49.8B
$12.7M 0.07%
182,742
+500
+0.3% +$35.8K
TROW icon
196
T. Rowe Price
TROW
$24.3B
$12.7M 0.07%
64,638
-100
-0.2% -$21.1K
EXAS
197
DELISTED
Exact Sciences
EXAS
$12.6M 0.07%
132,204
– –
AIG icon
198
American International
AIG
$41.3B
$12.6M 0.07%
229,696
-1,000
-0.4% -$51.5K
DG icon
199
Dollar General
DG
$27.9B
$12.6M 0.07%
59,308
-100
-0.2% -$22.6K
RPT
200
Rithm Property Trust
RPT
$93.7M
$12.6M 0.07%
155,252
– –
6 7
8
9 10

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.