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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
TFX icon
426
Teleflex
TFX
$5.98B
$4.7M 0.03%
11,707
– –
RCL icon
427
Royal Caribbean
RCL
$85.6B
$4.7M 0.03%
55,080
+100
+0.2% +$8.71K
MTB icon
428
M&T Bank
MTB
$36.2B
$4.69M 0.03%
32,299
– –
CRL icon
429
Charles River Laboratories
CRL
$12.8B
$4.66M 0.03%
12,600
-5,872
-32% -$1.96M
DVN icon
430
Devon Energy
DVN
$47.3B
$4.65M 0.03%
159,338
+10,700
+7% +$277K
AVY icon
431
Avery Dennison
AVY
$13.4B
$4.64M 0.03%
22,082
+200
+0.9% +$42K
DRE
432
DELISTED
Duke Realty Corp.
DRE
$4.64M 0.03%
97,908
-600
-0.6% -$27.7K
CTLT
433
DELISTED
CATALENT, INC.
CTLT
$4.63M 0.03%
42,800
+100
+0.2% +$10.7K
TYL icon
434
Tyler Technologies
TYL
$12.8B
$4.61M 0.03%
10,200
– –
PAYC icon
435
Paycom
PAYC
$9.69B
$4.61M 0.03%
12,672
– –
GPC icon
436
Genuine Parts
GPC
$18.7B
$4.6M 0.03%
36,357
+100
+0.3% +$12.6K
NVR icon
437
NVR
NVR
$17B
$4.59M 0.03%
923
– –
IR icon
438
Ingersoll Rand
IR
$33.7B
$4.58M 0.03%
93,893
+400
+0.4% +$19.6K
ATO icon
439
Atmos Energy
ATO
$28.8B
$4.57M 0.03%
47,537
-3,600
-7% -$361K
DPZ icon
440
Domino's
DPZ
$11.6B
$4.56M 0.03%
9,779
– –
PHM icon
441
Pultegroup
PHM
$25.3B
$4.55M 0.03%
83,375
+900
+1% +$50.3K
CE icon
442
Celanese
CE
$4.82B
$4.52M 0.03%
29,837
+1,200
+4% +$191K
DOC icon
443
Healthpeak Properties
DOC
$14.8B
$4.51M 0.03%
135,509
+300
+0.2% +$10.1K
OMC icon
444
Omnicom Group
OMC
$23.4B
$4.49M 0.03%
56,103
+800
+1% +$65K
DGX icon
445
Quest Diagnostics
DGX
$26.3B
$4.45M 0.03%
33,692
+200
+0.6% +$26.2K
AMCR icon
446
Amcor
AMCR
$22.1B
$4.44M 0.03%
77,511
-900
-1% -$53.5K
TECH icon
447
Bio-Techne
TECH
$11.3B
$4.42M 0.03%
39,276
-18,400
-32% -$1.94M
CINF icon
448
Cincinnati Financial
CINF
$27.1B
$4.39M 0.03%
37,641
– –
J icon
449
Jacobs Solutions
J
$17B
$4.37M 0.03%
39,582
+121
+0.3% +$13.7K
AES icon
450
AES
AES
$10.5B
$4.37M 0.03%
167,457
-200
-0.1% -$5.28K
16 17
18
19 20

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.