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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
Z icon
401
Zillow
Z
$7.56B
$5.17M 0.03%
42,311
– –
HAL icon
402
Halliburton
HAL
$26.6B
$5.17M 0.03%
223,619
+600
+0.3% +$13.3K
TRMB icon
403
Trimble
TRMB
$13.9B
$5.16M 0.03%
63,100
+100
+0.2% +$7.95K
AEE icon
404
Ameren
AEE
$30.1B
$5.14M 0.03%
64,193
+600
+0.9% +$50.2K
ESS icon
405
Essex Property Trust
ESS
$18.5B
$5.09M 0.03%
16,968
+700
+4% +$206K
RF icon
406
Regions Financial
RF
$26.8B
$5.09M 0.03%
252,264
+100
+0% +$2.16K
FE icon
407
FirstEnergy
FE
$27.5B
$5.09M 0.03%
136,770
+400
+0.3% +$14.9K
COO icon
408
Cooper Companies
COO
$14.5B
$5.07M 0.03%
51,212
+2,000
+4% +$196K
NDAQ icon
409
Nasdaq
NDAQ
$52.9B
$5.07M 0.03%
86,550
-300
-0.3% -$16.5K
STE icon
410
Steris
STE
$23.1B
$5.07M 0.03%
24,554
+3,100
+14% +$624K
MKTX icon
411
MarketAxess Holdings
MKTX
$5.72B
$5.04M 0.03%
10,881
+100
+0.9% +$47.6K
KEY icon
412
KeyCorp
KEY
$24.4B
$5.04M 0.03%
244,013
+900
+0.4% +$19.5K
ETR icon
413
Entergy
ETR
$50B
$5.03M 0.03%
100,822
+200
+0.2% +$10.5K
STX icon
414
Seagate
STX
$184B
$5.01M 0.03%
57,019
-900
-2% -$81.1K
ANET icon
415
Arista Networks
ANET
$238B
$4.99M 0.03%
220,320
-6,400
-3% -$134K
ALB icon
416
Albemarle
ALB
$15.5B
$4.95M 0.03%
29,385
-59,900
-67% -$9.67M
LNT icon
417
Alliant Energy
LNT
$18B
$4.91M 0.03%
88,031
+25,300
+40% +$1.43M
TDY icon
418
Teledyne Technologies
TDY
$32B
$4.88M 0.03%
11,663
+2,363
+25% +$1M
NTAP icon
419
NetApp
NTAP
$37.2B
$4.86M 0.03%
59,370
-300
-0.5% -$23.4K
MAA icon
420
Mid-America Apartment Communities
MAA
$15.7B
$4.84M 0.03%
28,742
– –
DRI icon
421
Darden Restaurants
DRI
$24.4B
$4.8M 0.03%
32,884
+200
+0.6% +$28.1K
AKAM icon
422
Akamai
AKAM
$15.9B
$4.77M 0.03%
40,939
– –
ULTA icon
423
Ulta Beauty
ULTA
$24.3B
$4.75M 0.03%
13,752
-400
-3% -$131K
VTRS icon
424
Viatris
VTRS
$18.9B
$4.74M 0.03%
331,402
+2,600
+0.8% +$37.6K
CAG icon
425
Conagra Brands
CAG
$7.23B
$4.72M 0.03%
129,817
-825,800
-86% -$30.9M
15 16
17
18 19

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.