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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
HUM icon
201
Humana
HUM
$46.2B
$12.6M 0.07%
32,255
-200
-0.6% -$84.9K
PLTR icon
202
Palantir
PLTR
$413B
$12.3M 0.07%
513,000
– –
KNTK icon
203
Kinetik
KNTK
$7.98B
$12.1M 0.07%
350,000
– –
FCX icon
204
Freeport-McMoran
FCX
$97.5B
$12M 0.07%
368,663
+200
+0.1% +$7.04K
GD icon
205
General Dynamics
GD
$106B
$12M 0.07%
61,102
-271,100
-82% -$53.1M
MET icon
206
MetLife
MET
$62.1B
$12M 0.07%
193,775
-4,200
-2% -$253K
TEL icon
207
TE Connectivity
TEL
$62.6B
$11.9M 0.07%
87,001
-600
-0.7% -$86.6K
VRTX icon
208
Vertex Pharmaceuticals
VRTX
$126B
$11.8M 0.07%
65,134
+100
+0.2% +$19.5K
ROP icon
209
Roper Technologies
ROP
$39.8B
$11.8M 0.07%
26,447
– –
LHX icon
210
L3Harris
LHX
$53.4B
$11.8M 0.07%
53,534
-1,100
-2% -$250K
INFO
211
DELISTED
IHS Markit Ltd. Common Shares
INFO
$11.7M 0.07%
100,089
+5,900
+6% +$697K
SNPS icon
212
Synopsys
SNPS
$79.7B
$11.5M 0.07%
38,323
– –
CARR icon
213
Carrier Global
CARR
$52.8B
$11.3M 0.06%
217,843
+12,500
+6% +$673K
EDIT icon
214
Editas Medicine
EDIT
$442M
$11.2M 0.06%
273,721
-70,000
-20% -$3.84M
MPC icon
215
Marathon Petroleum
MPC
$83.7B
$11.2M 0.06%
181,274
+100
+0.1% +$5.75K
KMB icon
216
Kimberly-Clark
KMB
$36.5B
$11.2M 0.06%
84,567
-300
-0.4% -$40.8K
APH icon
217
Amphenol
APH
$209B
$11M 0.06%
300,392
– –
MTCH icon
218
Match Group
MTCH
$8.55B
$10.9M 0.06%
+69,500
New +$10.6M
NEM icon
219
Newmont
NEM
$119B
$10.9M 0.06%
200,626
-800
-0.4% -$47.2K
PRU icon
220
Prudential Financial
PRU
$41.8B
$10.9M 0.06%
103,421
-1,900
-2% -$196K
CDNS icon
221
Cadence Design Systems
CDNS
$93.4B
$10.8M 0.06%
71,554
-500
-0.7% -$76.2K
DOW icon
222
Dow Inc
DOW
$21.2B
$10.8M 0.06%
187,291
-500
-0.3% -$30.6K
BNY
223
Bank of New York Mellon
BNY
$107B
$10.8M 0.06%
207,509
-3,400
-2% -$177K
EA
224
DELISTED
Electronic Arts
EA
$10.6M 0.06%
74,852
-500
-0.7% -$70.2K
ORLY icon
225
O'Reilly Automotive
ORLY
$76.3B
$10.6M 0.06%
259,605
-3,000
-1% -$120K
7 8
9
10 11

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.