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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
+9.08%
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
$17B
AUM Growth
+$1.22B
Cap. Flow
-$74.4M
Cap. Flow %
-0.44%
Top 10 Hldgs %
25.67%
Holding
996
New
21
Increased
308
Reduced
572
Closed
27

Top Buys

Rank Stock Value
1
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$92.9M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$74.9M
3
MSFT icon
Microsoft
MSFT
+$64.6M
4
MS icon
Morgan Stanley
MS
+$55.1M
5
PG icon
Procter & Gamble
PG
+$54.1M

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$80.1M
2
CMCSA icon
Comcast
CMCSA
+$63.1M
3
ORCL icon
Oracle
ORCL
+$61.8M
4
SYF icon
Synchrony
SYF
+$52.9M
5
TMO icon
Thermo Fisher Scientific
TMO
+$51.8M

Sector Composition

Rank Sector Weight
1 Technology 22.71%
2 Healthcare 13.17%
3 Financials 12.09%
4 Communication Services 9.67%
5 Consumer Discretionary 9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DOW icon
226
Dow Inc
DOW
$21.2B
$11.9M 0.07%
187,791
+800
+0.4% +$52.8K
MET icon
227
MetLife
MET
$62.1B
$11.8M 0.07%
197,975
-3,600
-2% -$228K
TEL icon
228
TE Connectivity
TEL
$62.6B
$11.8M 0.07%
87,601
-100
-0.1% -$13.4K
KNTK icon
229
Kinetik
KNTK
$7.98B
$11.8M 0.07%
350,000
– –
LHX icon
230
L3Harris
LHX
$53.4B
$11.8M 0.07%
54,634
+1,300
+2% +$280K
KMB icon
231
Kimberly-Clark
KMB
$36.5B
$11.4M 0.07%
84,867
-135,200
-61% -$18M
CNC icon
232
Centene
CNC
$32.5B
$11.3M 0.07%
155,380
+2,400
+2% +$164K
QUAL icon
233
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$11.3M 0.07%
84,850
+19,250
+29% +$2.47M
SLB icon
234
SLB Ltd
SLB
$75B
$11.3M 0.07%
351,546
+600
+0.2% +$18.4K
PSNL icon
235
Personalis
PSNL
$1.51B
$11.2M 0.07%
443,798
– –
ROST icon
236
Ross Stores
ROST
$81.9B
$11.1M 0.07%
89,598
-6,100
-6% -$761K
TT icon
237
Trane Technologies
TT
$106B
$11.1M 0.07%
60,115
+300
+0.5% +$53.4K
AIG icon
238
American International
AIG
$41.3B
$11M 0.06%
230,696
-2,900
-1% -$143K
MPC icon
239
Marathon Petroleum
MPC
$83.7B
$10.9M 0.06%
181,174
+17,700
+11% +$1.04M
KMI icon
240
Kinder Morgan
KMI
$68.7B
$10.9M 0.06%
598,036
+83,800
+16% +$1.49M
WBA
241
DELISTED
Walgreens Boots Alliance
WBA
$10.8M 0.06%
206,067
-6,600
-3% -$355K
EA
242
DELISTED
Electronic Arts
EA
$10.8M 0.06%
75,352
+1,200
+2% +$170K
BNY
243
Bank of New York Mellon
BNY
$107B
$10.8M 0.06%
210,909
+3,200
+2% +$160K
PRU icon
244
Prudential Financial
PRU
$41.8B
$10.8M 0.06%
105,321
-1,200
-1% -$123K
VLUE icon
245
iShares MSCI USA Value Factor ETF
VLUE
$9.47B
$10.8M 0.06%
102,500
+93,250
+1,008% +$9.84M
APTV icon
246
Aptiv
APTV
$10.3B
$10.7M 0.06%
67,988
+200
+0.3% +$29.3K
DLR icon
247
Digital Realty Trust
DLR
$71.7B
$10.7M 0.06%
70,822
+300
+0.4% +$45.3K
DD icon
248
DuPont de Nemours
DD
$19.2B
$10.6M 0.06%
109,590
+1,912
+2% +$192K
ALXN
249
DELISTED
Alexion Pharmaceuticals
ALXN
$10.6M 0.06%
57,961
+300
+0.5% +$51.5K
PPG icon
250
PPG Industries
PPG
$26.6B
$10.6M 0.06%
62,643
+1,100
+2% +$189K
8 9
10
11 12

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
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State of Michigan Retirement System's Q2 2021 Portfolio in Review

As of Q2 2021, State of Michigan Retirement System held 996 positions worth $17B, up 7.7% from $15.8B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Trading was light in Q2 2021: portfolio turnover was 4.8%. State of Michigan Retirement System opened 21 new positions and exited 27, leaving the 996-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q2 2021 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 673,200 shares worth $75.7M.
  • State of Michigan Retirement System added most to iShares iBoxx $ Investment Grade Corporate Bond ETF in Q2 2021, an estimated $92.9M increase.
  • State of Michigan Retirement System's biggest Q2 2021 reduction was Berkshire Hathaway Class B, cutting an estimated $80.1M.
  • State of Michigan Retirement System fully exited Renewable Energy Group, Inc. in Q2 2021, selling an estimated $23.5M.
  • State of Michigan Retirement System's ten largest holdings make up 26% of its $17B portfolio in Q2 2021.
  • State of Michigan Retirement System opened 21 new positions and closed 27 in Q2 2021.
  • State of Michigan Retirement System's portfolio value rose 7.7% quarter-over-quarter to $17B.

Based on State of Michigan Retirement System's 13F filing for Q2 2021, filed 27 Jul 2021.