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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
MSI icon
276
Motorola Solutions
MSI
$77.4B
$9.24M 0.05%
42,631
+200
+0.5% +$39.9K
XLNX
277
DELISTED
Xilinx Inc
XLNX
$9.19M 0.05%
63,537
– –
MAR icon
278
Marriott International
MAR
$92.3B
$9.16M 0.05%
67,110
+300
+0.4% +$43.2K
ROK icon
279
Rockwell Automation
ROK
$49B
$9.16M 0.05%
32,029
+2,900
+10% +$782K
DHI icon
280
D.R. Horton
DHI
$42.3B
$9.13M 0.05%
101,085
+1,700
+2% +$160K
IYM icon
281
iShares US Basic Materials ETF
IYM
$1.02B
$9.13M 0.05%
70,000
-50,000
-42% -$6.68M
DFS
282
DELISTED
Discover Financial Services
DFS
$9.07M 0.05%
76,678
-300
-0.4% -$33.9K
MNST icon
283
Monster Beverage
MNST
$88.5B
$9.05M 0.05%
198,184
-1,200
-0.6% -$56.3K
PAYX icon
284
Paychex
PAYX
$42.7B
$8.94M 0.05%
83,344
-200
-0.2% -$20.1K
TDG icon
285
TransDigm Group
TDG
$67.7B
$8.92M 0.05%
13,776
+100
+0.7% +$62.7K
XEL icon
286
Xcel Energy
XEL
$48.8B
$8.91M 0.05%
135,259
+300
+0.2% +$20.9K
SBAC icon
287
SBA Communications
SBAC
$19.5B
$8.74M 0.05%
27,441
– –
WELL icon
288
Welltower
WELL
$171B
$8.72M 0.05%
104,996
+200
+0.2% +$15.3K
SWKS icon
289
Skyworks Solutions
SWKS
$10.6B
$8.67M 0.05%
45,220
– –
CBRE icon
290
CBRE Group
CBRE
$42.9B
$8.62M 0.05%
100,557
-300
-0.3% -$25.6K
YUM icon
291
Yum! Brands
YUM
$41.1B
$8.62M 0.05%
74,895
-400
-0.5% -$47.2K
GLW icon
292
Corning
GLW
$143B
$8.61M 0.05%
210,565
-1,900
-0.9% -$82.8K
ADM icon
293
Archer Daniels Midland
ADM
$36.9B
$8.51M 0.05%
140,408
+300
+0.2% +$19K
CTAS icon
294
Cintas
CTAS
$81.3B
$8.49M 0.05%
88,884
+400
+0.5% +$35.5K
HLT icon
295
Hilton Worldwide
HLT
$71.5B
$8.45M 0.05%
70,050
+400
+0.6% +$49.9K
ZBH icon
296
Zimmer Biomet
ZBH
$18.4B
$8.43M 0.05%
54,007
+309
+0.6% +$50.1K
PCAR icon
297
PACCAR
PCAR
$70.1B
$8.35M 0.05%
140,301
+300
+0.2% +$18.4K
SIVB
298
DELISTED
SVB Financial Group
SIVB
$8.33M 0.05%
14,972
+200
+1% +$111K
RUBY
299
DELISTED
Rubius Therapeutics, Inc
RUBY
$8.3M 0.05%
340,000
+40,000
+13% +$1M
FRC
300
DELISTED
First Republic Bank
FRC
$8.28M 0.05%
44,212
+500
+1% +$91.9K
10 11
12
13 14

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.