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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
MGM icon
451
MGM Resorts International
MGM
$11.2B
$4.36M 0.03%
102,329
-800
-0.8% -$33.1K
LVS icon
452
Las Vegas Sands
LVS
$29.6B
$4.35M 0.03%
82,621
+200
+0.2% +$11.5K
CMS icon
453
CMS Energy
CMS
$22.3B
$4.3M 0.03%
72,785
+300
+0.4% +$18.7K
FANG icon
454
Diamondback Energy
FANG
$52.7B
$4.27M 0.03%
45,462
+100
+0.2% +$8.24K
UAL icon
455
United Airlines
UAL
$42.1B
$4.25M 0.03%
81,312
+1,400
+2% +$77.6K
BBWI icon
456
Bath & Body Works
BBWI
$4.1B
$4.25M 0.02%
72,888
+371
+0.5% +$20K
EMN icon
457
Eastman Chemical
EMN
$8.42B
$4.21M 0.02%
36,099
-600
-2% -$72K
PFG icon
458
Principal Financial Group
PFG
$24.3B
$4.21M 0.02%
66,643
-100
-0.1% -$6.39K
IEX icon
459
IDEX
IEX
$17.3B
$4.19M 0.02%
19,060
– –
TXT icon
460
Textron
TXT
$15.4B
$4.17M 0.02%
60,618
-1,000
-2% -$64.6K
MPWR icon
461
Monolithic Power Systems
MPWR
$68.9B
$4.14M 0.02%
11,100
+300
+3% +$106K
BXP icon
462
Boston Properties
BXP
$11.1B
$4.1M 0.02%
35,751
+200
+0.6% +$22.5K
K
463
DELISTED
Kellanova
K
$4.08M 0.02%
67,481
-532
-0.8% -$32.3K
LUMN icon
464
Lumen
LUMN
$6.44B
$4.04M 0.02%
297,162
+3,800
+1% +$52.4K
RJF icon
465
Raymond James Financial
RJF
$34B
$3.99M 0.02%
46,103
– –
WAB icon
466
Wabtec
WAB
$49.3B
$3.98M 0.02%
48,425
+200
+0.4% +$16.2K
GEN icon
467
Gen Digital
GEN
$17.5B
$3.97M 0.02%
145,829
-200
-0.1% -$4.98K
INCY icon
468
Incyte
INCY
$24.4B
$3.95M 0.02%
47,004
+100
+0.2% +$8.34K
SJM icon
469
J.M. Smucker
SJM
$12.8B
$3.93M 0.02%
30,341
-600
-2% -$79.7K
WHR icon
470
Whirlpool
WHR
$2.82B
$3.85M 0.02%
17,655
-200
-1% -$46.6K
WRK
471
DELISTED
WestRock Company
WRK
$3.84M 0.02%
72,166
-2,600
-3% -$146K
FICO icon
472
Fair Isaac
FICO
$22.5B
$3.8M 0.02%
7,562
-3,500
-32% -$1.77M
LKQ icon
473
LKQ Corp
LKQ
$6.29B
$3.75M 0.02%
76,191
+400
+0.5% +$19.1K
CGNX icon
474
Cognex
CGNX
$11.3B
$3.74M 0.02%
44,489
-20,700
-32% -$1.67M
PTC icon
475
PTC
PTC
$16B
$3.73M 0.02%
26,400
-12,540
-32% -$1.71M
17 18
19
20 21

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.