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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
STLD icon
501
Steel Dynamics
STLD
$37.6B
$3.26M 0.02%
54,682
-24,900
-31% -$1.46M
MHK icon
502
Mohawk Industries
MHK
$9.22B
$3.25M 0.02%
16,904
-500
-3% -$102K
GGG icon
503
Graco
GGG
$13.5B
$3.23M 0.02%
42,710
-19,800
-32% -$1.49M
WYNN icon
504
Wynn Resorts
WYNN
$10.6B
$3.23M 0.02%
26,420
– –
PKG icon
505
Packaging Corp of America
PKG
$22.8B
$3.23M 0.02%
23,850
-800
-3% -$115K
L icon
506
Loews
L
$23.6B
$3.22M 0.02%
58,951
-1,200
-2% -$67.2K
SNA icon
507
Snap-on
SNA
$21.5B
$3.2M 0.02%
14,305
+100
+0.7% +$23.9K
CBOE icon
508
Cboe Global Markets
CBOE
$29.9B
$3.19M 0.02%
26,841
-100
-0.4% -$11K
LYV icon
509
Live Nation Entertainment
LYV
$42.1B
$3.18M 0.02%
36,327
+300
+0.8% +$25.7K
DAY
510
DELISTED
Dayforce
DAY
$3.18M 0.02%
33,123
-15,400
-32% -$1.39M
PWR icon
511
Quanta Services
PWR
$101B
$3.17M 0.02%
34,983
+300
+0.9% +$28.2K
JKHY icon
512
Jack Henry & Associates
JKHY
$11.1B
$3.16M 0.02%
19,310
-400
-2% -$63.9K
BRO icon
513
Brown & Brown
BRO
$23.9B
$3.13M 0.02%
58,992
-27,700
-32% -$1.42M
MASI
514
DELISTED
Masimo
MASI
$3.1M 0.02%
12,766
-60,400
-83% -$13.8M
WSM icon
515
Williams-Sonoma
WSM
$29.6B
$3.07M 0.02%
38,458
-18,200
-32% -$1.55M
LNC icon
516
Lincoln National
LNC
$8.81B
$3.06M 0.02%
48,777
-700
-1% -$46.2K
TPR icon
517
Tapestry
TPR
$32.8B
$3.05M 0.02%
70,103
+400
+0.6% +$17.9K
CELH icon
518
Celsius Holdings
CELH
$7.03B
$3.04M 0.02%
120,000
+60,000
+100% +$1.22M
HAS icon
519
Hasbro
HAS
$13.2B
$3.04M 0.02%
32,172
+100
+0.3% +$9.61K
HST icon
520
Host Hotels & Resorts
HST
$16B
$3.03M 0.02%
177,525
-51,900
-23% -$904K
UHS icon
521
Universal Health Services
UHS
$10.5B
$3.03M 0.02%
20,710
+100
+0.5% +$15.1K
LII icon
522
Lennox International
LII
$15.2B
$3.03M 0.02%
8,630
-4,100
-32% -$1.38M
MOS icon
523
The Mosaic Company
MOS
$7.33B
$3.01M 0.02%
94,398
-1,700
-2% -$57.7K
TAP icon
524
Molson Coors Class B
TAP
$8.09B
$3M 0.02%
55,899
-1,500
-3% -$83.8K
NDSN icon
525
Nordson
NDSN
$17.3B
$2.99M 0.02%
13,616
-6,400
-32% -$1.36M
19 20
21
22 23

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.