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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
STT icon
326
State Street
STT
$50.7B
$7.2M 0.04%
87,467
-800
-0.9% -$67.5K
ZBRA icon
327
Zebra Technologies
ZBRA
$17.8B
$7.13M 0.04%
13,470
+100
+0.7% +$49.8K
VRSK icon
328
Verisk Analytics
VRSK
$25B
$7.12M 0.04%
40,728
-100
-0.2% -$17.7K
LYB icon
329
LyondellBasell Industries
LYB
$19.2B
$7.11M 0.04%
69,070
-3,300
-5% -$357K
TWST icon
330
Twist Bioscience
TWST
$7.25B
$7.08M 0.04%
53,172
+10,000
+23% +$1.16M
WEC icon
331
WEC Energy
WEC
$35.1B
$7.05M 0.04%
79,310
+100
+0.1% +$9.42K
AWK icon
332
American Water Works
AWK
$26.9B
$7.03M 0.04%
45,632
+100
+0.2% +$15.6K
FITB
333
Fifth Third Bancorp
FITB
$51.8B
$7.01M 0.04%
183,276
-621,600
-77% -$24.9M
DAL icon
334
Delta Air Lines
DAL
$60.1B
$6.96M 0.04%
160,830
+700
+0.4% +$32.4K
HSY icon
335
Hershey
HSY
$36.6B
$6.93M 0.04%
39,805
+300
+0.8% +$50.5K
ES icon
336
Eversource Energy
ES
$27.2B
$6.93M 0.04%
86,393
+300
+0.3% +$25.3K
ICLR icon
337
Icon
ICLR
$12.7B
$6.92M 0.04%
33,470
– –
EQR icon
338
Equity Residential
EQR
$25.1B
$6.91M 0.04%
89,719
+3,700
+4% +$280K
WST icon
339
West Pharmaceutical
WST
$24.9B
$6.88M 0.04%
19,160
+100
+0.5% +$33K
WY icon
340
Weyerhaeuser
WY
$18.4B
$6.72M 0.04%
195,369
+7,700
+4% +$286K
BALL icon
341
Ball Corp
BALL
$16.8B
$6.68M 0.04%
82,481
+200
+0.2% +$17.3K
VFC icon
342
VF Corp
VFC
$5.89B
$6.63M 0.04%
80,857
+200
+0.2% +$16.7K
OXY icon
343
Occidental Petroleum
OXY
$55.9B
$6.6M 0.04%
211,162
+700
+0.3% +$18.8K
SYF icon
344
Synchrony
SYF
$25.6B
$6.6M 0.04%
136,014
-1,160,300
-90% -$52.9M
ETSY icon
345
Etsy
ETSY
$7.85B
$6.59M 0.04%
32,000
+400
+1% +$74K
GNRC icon
346
Generac Holdings
GNRC
$12.5B
$6.56M 0.04%
15,800
– –
O icon
347
Realty Income
O
$59.1B
$6.5M 0.04%
100,458
-413
-0.4% -$27.1K
ODFL icon
348
Old Dominion Freight Line
ODFL
$44.9B
$6.48M 0.04%
51,096
+200
+0.4% +$25.6K
KSU
349
DELISTED
Kansas City Southern
KSU
$6.48M 0.04%
22,860
+100
+0.4% +$28.9K
IP icon
350
International Paper
IP
$22B
$6.34M 0.04%
109,158
-1,478
-1% -$84.4K
12 13
14
15 16

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.