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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$2.02B 11.5%
4,711,440
+3,405,200
+261% +$1.5B
MSFT icon
2
Microsoft
MSFT
$3.35T
$702M 3.99%
2,491,525
-264,200
-10% -$76.9M
AAPL icon
3
Apple
AAPL
$4.9T
$672M 3.82%
4,752,154
-748,400
-14% -$110M
LQD icon
4
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$482M 2.74%
3,626,900
+368,600
+11% +$49.8M
AMZN icon
5
Amazon
AMZN
$2.53T
$460M 2.61%
2,798,540
+22,000
+0.8% +$3.79M
AGG icon
6
iShares Core US Aggregate Bond ETF
AGG
$138B
$335M 1.9%
2,913,300
– –
BMY icon
7
Bristol-Myers Squibb
BMY
$132B
$318M 1.81%
5,366,543
+1,405,700
+35% +$92.6M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.08T
$296M 1.68%
2,213,580
– –
T icon
9
AT&T
T
$159B
$294M 1.67%
14,399,441
+4,014,235
+39% +$84.3M
MTUM icon
10
iShares MSCI USA Momentum Factor ETF
MTUM
$24.9B
$289M 1.64%
1,645,540
+910,050
+124% +$162M
ATH
11
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$269M 1.53%
3,902,800
– –
META icon
12
Meta Platforms (Facebook)
META
$1.37T
$256M 1.46%
754,257
-3,800
-0.5% -$1.37M
GOOG icon
13
Alphabet (Google) Class C
GOOG
$4.08T
$192M 1.09%
1,437,220
-16,000
-1% -$2.21M
VZ icon
14
Verizon
VZ
$193B
$191M 1.09%
3,539,535
+738,800
+26% +$40.9M
VLUE icon
15
iShares MSCI USA Value Factor ETF
VLUE
$9.28B
$183M 1.04%
1,814,700
+1,712,200
+1,670% +$178M
QUAL icon
16
iShares MSCI USA Quality Factor ETF
QUAL
$46.3B
$178M 1.01%
1,354,098
+1,269,248
+1,496% +$175M
NVDA icon
17
NVIDIA
NVDA
$4.72T
$175M 0.99%
8,424,840
-6,000
-0.1% -$125K
TSLA icon
18
Tesla
TSLA
$1.22T
$158M 0.9%
611,100
+30,000
+5% +$7.06M
CRM icon
19
Salesforce
CRM
$148B
$154M 0.88%
567,492
+95,700
+20% +$24.3M
SPG icon
20
Simon Property Group
SPG
$74.7B
$154M 0.87%
1,182,935
-500,100
-30% -$65.1M
V icon
21
Visa
V
$673B
$142M 0.81%
637,449
+66,200
+12% +$15.5M
PYPL icon
22
PayPal
PYPL
$49.3B
$138M 0.78%
530,020
-300
-0.1% -$85.1K
UGI icon
23
UGI
UGI
$7.76B
$133M 0.76%
3,115,908
-200
-0% -$9.14K
ADBE icon
24
Adobe
ADBE
$98.5B
$127M 0.72%
220,899
-600
-0.3% -$378K
UNH icon
25
UnitedHealth
UNH
$383B
$126M 0.72%
323,615
+9,500
+3% +$3.93M
1
2 3 4 5

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
SAM
SEB Asset Management Stockholm $23.4B AUM

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.