We are live on ! Find out more
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
FTAI icon
26
FTAI Aviation
FTAI
$22.2B
$127M 0.74%
4,422,777
– –
UNH icon
27
UnitedHealth
UNH
$370B
$126M 0.74%
314,115
+1,000
+0.3% +$399K
CSCO icon
28
Cisco
CSCO
$479B
$119M 0.7%
2,238,173
+401,500
+22% +$21.1M
JPM icon
29
JPMorgan Chase
JPM
$950B
$118M 0.69%
760,943
-4,900
-0.6% -$770K
CRM icon
30
Salesforce
CRM
$158B
$115M 0.68%
471,792
+134,500
+40% +$31M
ACN icon
31
Accenture
ACN
$108B
$114M 0.67%
385,353
+3,900
+1% +$1.12M
MA icon
32
Mastercard
MA
$493B
$112M 0.66%
307,464
-1,100
-0.4% -$409K
VST icon
33
Vistra
VST
$47.4B
$110M 0.65%
5,935,300
+2,918,000
+97% +$50.4M
GILD icon
34
Gilead Sciences
GILD
$165B
$110M 0.65%
1,596,860
+464,300
+41% +$31M
BRK.B icon
35
Berkshire Hathaway Class B
BRK.B
$1.13T
$99.2M 0.58%
357,062
-286,600
-45% -$80.1M
EPAM icon
36
EPAM Systems
EPAM
$5.03B
$97.8M 0.57%
191,500
– –
AVGO icon
37
Broadcom
AVGO
$2.04T
$96.5M 0.57%
2,024,720
+2,000
+0.1% +$92.7K
ABBV icon
38
AbbVie
ABBV
$435B
$95.4M 0.56%
847,350
-121,400
-13% -$13.7M
MS icon
39
Morgan Stanley
MS
$340B
$94.8M 0.56%
1,033,522
+642,900
+165% +$55.1M
RITM icon
40
Rithm Capital
RITM
$5.69B
$89M 0.52%
8,404,734
– –
GS icon
41
Goldman Sachs
GS
$303B
$87.7M 0.51%
231,083
+140,600
+155% +$50.3M
ARI
42
Apollo Commercial Real Estate
ARI
$885M
$87.1M 0.51%
5,459,968
– –
QCOM icon
43
Qualcomm
QCOM
$176B
$81.1M 0.48%
567,574
+282,500
+99% +$38.2M
DIS icon
44
Walt Disney
DIS
$181B
$80.3M 0.47%
456,748
-8,400
-2% -$1.51M
TMO icon
45
Thermo Fisher Scientific
TMO
$220B
$80.1M 0.47%
158,818
-109,800
-41% -$51.8M
PM icon
46
Philip Morris
PM
$295B
$79.5M 0.47%
802,351
-127,500
-14% -$12.2M
BAC icon
47
Bank of America
BAC
$442B
$78.2M 0.46%
1,895,702
-11,000
-0.6% -$451K
EMB icon
48
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
$75.7M 0.44%
+673,200
New +$74.9M
AMAT icon
49
Applied Materials
AMAT
$428B
$75.2M 0.44%
528,224
-375,500
-42% -$50.4M
LMT icon
50
Lockheed Martin
LMT
$136B
$70M 0.41%
184,890
+6,000
+3% +$2.31M
1
2
3 4 5

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.