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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
DTE icon
351
DTE Energy
DTE
$29.1B
$6.32M 0.04%
57,250
+118
+0.2% +$13.8K
URI icon
352
United Rentals
URI
$72.4B
$6.3M 0.04%
19,762
-800
-4% -$258K
ARE icon
353
Alexandria Real Estate Equities
ARE
$8.56B
$6.26M 0.04%
34,435
+2,500
+8% +$447K
ENPH icon
354
Enphase Energy
ENPH
$5.53B
$6.26M 0.04%
34,100
+1,700
+5% +$249K
OKE icon
355
Oneok
OKE
$54.5B
$6.23M 0.04%
112,009
+300
+0.3% +$16K
WDC icon
356
Western Digital
WDC
$150B
$6.21M 0.04%
115,356
-2,911
-2% -$157K
ED icon
357
Consolidated Edison
ED
$39.9B
$6.18M 0.04%
86,155
+200
+0.2% +$15.4K
CDW icon
358
CDW
CDW
$17B
$6.15M 0.04%
35,225
-200
-0.6% -$34.5K
DELL icon
359
Dell
DELL
$293B
$6.15M 0.04%
121,705
+110,853
+1,021% +$5.56M
TSN icon
360
Tyson Foods
TSN
$20.4B
$6.13M 0.04%
83,082
-1,300
-2% -$101K
NTRS icon
361
Northern Trust
NTRS
$33.9B
$6.05M 0.04%
52,343
+100
+0.2% +$11.5K
GRMN
362
Garmin
GRMN
$60B
$6.04M 0.04%
41,787
+1,100
+3% +$154K
HES
363
DELISTED
Hess
HES
$6.02M 0.04%
68,967
+400
+0.6% +$32.3K
QRVO icon
364
Qorvo
QRVO
$8.74B
$6M 0.04%
30,663
-900
-3% -$166K
CLX icon
365
Clorox
CLX
$12.7B
$5.99M 0.04%
33,303
+1,700
+5% +$310K
TSCO icon
366
Tractor Supply
TSCO
$18B
$5.97M 0.04%
160,445
+2,000
+1% +$73.3K
LDI icon
367
loanDepot
LDI
$516M
$5.96M 0.04%
+464,010
New +$7.57M
FTV icon
368
Fortive
FTV
$18.6B
$5.93M 0.03%
112,879
+266
+0.2% +$14.3K
CERN
369
DELISTED
Cerner Corp
CERN
$5.92M 0.03%
75,703
-1,200
-2% -$92.3K
PPL
370
PPL Corp
PPL
$26.7B
$5.86M 0.03%
209,364
+2,000
+1% +$57.8K
RSG icon
371
Republic Services
RSG
$65.7B
$5.82M 0.03%
52,887
+100
+0.2% +$10.7K
EXPE icon
372
Expedia Group
EXPE
$37.3B
$5.81M 0.03%
35,509
+800
+2% +$137K
VMC icon
373
Vulcan Materials
VMC
$36.9B
$5.8M 0.03%
33,339
+100
+0.3% +$17.9K
DLTR icon
374
Dollar Tree
DLTR
$25.2B
$5.8M 0.03%
58,285
-700
-1% -$76.1K
MLM icon
375
Martin Marietta Materials
MLM
$33B
$5.8M 0.03%
16,478
+800
+5% +$285K
13 14
15
16 17

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.