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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
AEP icon
251
American Electric Power
AEP
$68.4B
$10.6M 0.06%
125,623
+1,000
+0.8% +$86.1K
INFO
252
DELISTED
IHS Markit Ltd. Common Shares
INFO
$10.6M 0.06%
94,189
+600
+0.6% +$63.7K
SNPS icon
253
Synopsys
SNPS
$79.7B
$10.6M 0.06%
38,323
+100
+0.3% +$25.4K
SRE icon
254
Sempra
SRE
$54.8B
$10.5M 0.06%
158,376
+6,400
+4% +$438K
DXCM icon
255
DexCom
DXCM
$32B
$10.4M 0.06%
97,408
+800
+0.8% +$76.8K
MCHP icon
256
Microchip Technology
MCHP
$46B
$10.3M 0.06%
137,494
+2,400
+2% +$183K
HPQ icon
257
HP
HPQ
$27.5B
$10.3M 0.06%
340,651
-27,900
-8% -$892K
APH icon
258
Amphenol
APH
$209B
$10.3M 0.06%
300,392
-400
-0.1% -$13.5K
BAX icon
259
Baxter International
BAX
$14.2B
$10.2M 0.06%
126,455
-300
-0.2% -$25.2K
SYY icon
260
Sysco
SYY
$40.3B
$10M 0.06%
128,612
+500
+0.4% +$40.4K
CARR icon
261
Carrier Global
CARR
$52.8B
$9.98M 0.06%
205,343
-14,100
-6% -$630K
PH icon
262
Parker-Hannifin
PH
$135B
$9.96M 0.06%
32,428
– –
STZ icon
263
Constellation Brands
STZ
$23.2B
$9.94M 0.06%
42,487
-200
-0.5% -$47K
ORLY icon
264
O'Reilly Automotive
ORLY
$76.3B
$9.91M 0.06%
262,605
-1,500
-0.6% -$53.8K
CDNS icon
265
Cadence Design Systems
CDNS
$93.4B
$9.86M 0.06%
72,054
-100
-0.1% -$13.3K
ALL icon
266
Allstate
ALL
$67.5B
$9.82M 0.06%
75,266
-700
-0.9% -$90.4K
CMI icon
267
Cummins
CMI
$88.7B
$9.53M 0.06%
39,084
-3,100
-7% -$793K
AFL icon
268
Aflac
AFL
$62.6B
$9.48M 0.06%
176,705
-100
-0.1% -$5.45K
TRV icon
269
Travelers Companies
TRV
$80.2B
$9.47M 0.06%
63,245
-100
-0.2% -$15.5K
PXD
270
DELISTED
Pioneer Natural Resource Co.
PXD
$9.46M 0.06%
58,216
+6,600
+13% +$1.04M
PSX icon
271
Phillips 66
PSX
$81.4B
$9.45M 0.06%
110,102
+500
+0.5% +$42.2K
SPH icon
272
Suburban Propane Partners
SPH
$1.18B
$9.36M 0.05%
610,000
– –
IFF icon
273
International Flavors & Fragrances
IFF
$21.9B
$9.34M 0.05%
62,545
+100
+0.2% +$14.4K
GIS icon
274
General Mills
GIS
$19.7B
$9.34M 0.05%
153,321
-709,700
-82% -$43.9M
RMD icon
275
ResMed
RMD
$30.7B
$9.3M 0.05%
37,725
+300
+0.8% +$63.1K
9 10
11
12 13

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 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.