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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
MOH icon
476
Molina Healthcare
MOH
$10.4B
$3.72M 0.02%
14,703
-6,800
-32% -$1.71M
BF.B icon
477
Brown-Forman Class B
BF.B
$12.9B
$3.72M 0.02%
49,596
-1,500
-3% -$114K
EVRG icon
478
Evergy
EVRG
$19B
$3.68M 0.02%
60,879
+600
+1% +$37.5K
CTXS
479
DELISTED
Citrix Systems Inc
CTXS
$3.66M 0.02%
31,215
+400
+1% +$49.8K
UDR icon
480
UDR
UDR
$12.1B
$3.66M 0.02%
74,652
+200
+0.3% +$9.41K
ABMD
481
DELISTED
Abiomed Inc
ABMD
$3.64M 0.02%
11,675
+300
+3% +$92K
SEDG icon
482
SolarEdge
SEDG
$1.99B
$3.61M 0.02%
13,072
-6,000
-31% -$1.51M
XPO icon
483
XPO
XPO
$23.6B
$3.59M 0.02%
74,193
-35,275
-32% -$1.72M
CNP icon
484
CenterPoint Energy
CNP
$26.5B
$3.58M 0.02%
145,899
+7,500
+5% +$184K
SBNY
485
DELISTED
Signature Bank
SBNY
$3.57M 0.02%
14,545
-6,600
-31% -$1.6M
FDS icon
486
Factset
FDS
$10.2B
$3.57M 0.02%
10,625
-4,500
-30% -$1.47M
BIO icon
487
Bio-Rad Laboratories Class A
BIO
$9.41B
$3.48M 0.02%
5,400
– –
FOXA icon
488
Fox Class A
FOXA
$26.6B
$3.47M 0.02%
93,494
-838,400
-90% -$31.5M
XRAY icon
489
Dentsply Sirona
XRAY
$2.37B
$3.47M 0.02%
54,849
-100
-0.2% -$6.59K
FBIN icon
490
Fortune Brands Innovations
FBIN
$5.78B
$3.47M 0.02%
40,705
– –
JBHT icon
491
JB Hunt Transport Services
JBHT
$25B
$3.43M 0.02%
21,030
+100
+0.5% +$16.9K
AAL icon
492
American Airlines Group
AAL
$10.1B
$3.42M 0.02%
161,204
+700
+0.4% +$15.8K
HWM icon
493
Howmet Aerospace
HWM
$113B
$3.39M 0.02%
98,232
+300
+0.3% +$10K
HRL icon
494
Hormel Foods
HRL
$13.6B
$3.38M 0.02%
70,874
+400
+0.6% +$19K
AAP icon
495
Advance Auto Parts
AAP
$3.36B
$3.37M 0.02%
16,432
– –
ALLE icon
496
Allegion
ALLE
$14.1B
$3.36M 0.02%
24,135
-200
-0.8% -$27.3K
BWA icon
497
BorgWarner
BWA
$14.3B
$3.34M 0.02%
78,063
-113
-0.1% -$4.98K
CHRW icon
498
C.H. Robinson
CHRW
$17.5B
$3.33M 0.02%
35,558
+100
+0.3% +$9.75K
IRM icon
499
Iron Mountain
IRM
$36B
$3.3M 0.02%
77,896
+800
+1% +$33.6K
CPT icon
500
Camden Property Trust
CPT
$11B
$3.27M 0.02%
24,644
-11,500
-32% -$1.43M
18 19
20
21 22

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.