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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
CTVA icon
301
Corteva
CTVA
$51.3B
$8.22M 0.05%
185,319
-1,400
-0.7% -$64.7K
AZO icon
302
AutoZone
AZO
$51.1B
$8.13M 0.05%
5,451
-100
-2% -$145K
WMB icon
303
Williams Companies
WMB
$86.1B
$8.11M 0.05%
305,351
+700
+0.2% +$17.9K
FAST icon
304
Fastenal
FAST
$59.5B
$8.1M 0.05%
311,544
+2,600
+0.8% +$67.6K
KR icon
305
Kroger
KR
$34.8B
$8.08M 0.05%
210,957
-5,600
-3% -$211K
PARA
306
DELISTED
Paramount Global Class B
PARA
$8.08M 0.05%
178,787
+7,000
+4% +$289K
PATH icon
307
UiPath
PATH
$7.8B
$8.08M 0.05%
+118,956
New +$8.72M
MTD icon
308
Mettler-Toledo International
MTD
$28.6B
$8.07M 0.05%
5,825
-200
-3% -$258K
AMP icon
309
Ameriprise Financial
AMP
$48.8B
$8.05M 0.05%
32,349
-400
-1% -$101K
VLO icon
310
Valero Energy
VLO
$85.9B
$8.02M 0.05%
102,759
-3,800
-4% -$294K
LEN icon
311
Lennar Class A
LEN
$21.2B
$7.98M 0.05%
82,962
+310
+0.4% +$29.9K
LUV icon
312
Southwest Airlines
LUV
$23B
$7.89M 0.05%
148,707
-2,500
-2% -$150K
BBY icon
313
Best Buy
BBY
$17.3B
$7.82M 0.05%
67,985
-302,600
-82% -$35.3M
AME icon
314
Ametek
AME
$58.2B
$7.75M 0.05%
58,063
+200
+0.3% +$26.8K
NUE icon
315
Nucor
NUE
$62.1B
$7.73M 0.05%
80,552
-400
-0.5% -$37.4K
KHC icon
316
Kraft Heinz
KHC
$30B
$7.65M 0.04%
187,519
-1,012,500
-84% -$42.6M
ANSS
317
DELISTED
Ansys
ANSS
$7.62M 0.04%
21,954
+200
+0.9% +$69.2K
AVB icon
318
AvalonBay Communities
AVB
$26.8B
$7.61M 0.04%
36,450
-300
-0.8% -$60K
PEG icon
319
Public Service Enterprise Group
PEG
$37.7B
$7.58M 0.04%
126,957
+200
+0.2% +$12.4K
EWT icon
320
iShares MSCI Taiwan ETF
EWT
$11.1B
$7.55M 0.04%
118,008
– –
WTW icon
321
Willis Towers Watson
WTW
$32B
$7.46M 0.04%
32,411
– –
CPRT icon
322
Copart
CPRT
$27.5B
$7.38M 0.04%
223,972
+800
+0.4% +$24.8K
MXIM
323
DELISTED
Maxim Integrated Products
MXIM
$7.33M 0.04%
69,558
– –
EFX icon
324
Equifax
EFX
$21.4B
$7.32M 0.04%
30,581
– –
AJG icon
325
Arthur J. Gallagher & Co
AJG
$63.6B
$7.22M 0.04%
51,554
+2,900
+6% +$410K
11 12
13
14 15

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.