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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
MPT
526
Medical Properties Trust
MPT
$2.45B
$2.98M 0.02%
148,251
-66,600
-31% -$1.42M
FFIV icon
527
F5
FFIV
$23.4B
$2.98M 0.02%
15,938
-600
-4% -$115K
LW icon
528
Lamb Weston
LW
$7.15B
$2.97M 0.02%
36,823
+100
+0.3% +$8.01K
TREX icon
529
Trex
TREX
$4.87B
$2.97M 0.02%
29,048
-13,800
-32% -$1.39M
TTC icon
530
Toro Company
TTC
$9.35B
$2.97M 0.02%
26,996
-12,900
-32% -$1.42M
NWL icon
531
Newell Brands
NWL
$2.52B
$2.94M 0.02%
106,871
-1,900
-2% -$52.4K
DISH
532
DELISTED
DISH Network Corp.
DISH
$2.91M 0.02%
69,566
+800
+1% +$33.6K
RPM icon
533
RPM International
RPM
$14.7B
$2.89M 0.02%
32,597
-15,600
-32% -$1.45M
AXON
534
Axon Enterprise
AXON
$48.5B
$2.88M 0.02%
16,319
-7,300
-31% -$1.07M
RH icon
535
RH
RH
$3.58B
$2.87M 0.02%
4,220
-1,800
-30% -$1.17M
NVTA
536
DELISTED
Invitae Corporation
NVTA
$2.87M 0.02%
84,939
+40,000
+89% +$1.3M
PENN icon
537
PENN Entertainment
PENN
$2.59B
$2.85M 0.02%
37,300
– –
WOLF icon
538
Wolfspeed
WOLF
$1.59B
$2.85M 0.02%
29,091
-12,000
-29% -$1.21M
LEA icon
539
Lear
LEA
$8.08B
$2.83M 0.02%
16,140
-6,900
-30% -$1.28M
OC icon
540
Owens Corning
OC
$12.2B
$2.83M 0.02%
28,885
-13,100
-31% -$1.31M
JAZZ icon
541
Jazz Pharmaceuticals
JAZZ
$16.7B
$2.82M 0.02%
15,900
-5,800
-27% -$1M
PNR icon
542
Pentair
PNR
$10.8B
$2.82M 0.02%
41,814
+100
+0.2% +$6.61K
DAR icon
543
Darling Ingredients
DAR
$9.96B
$2.78M 0.02%
41,131
-19,100
-32% -$1.35M
CF icon
544
CF Industries
CF
$17.9B
$2.77M 0.02%
53,912
+200
+0.4% +$10.2K
NCLH icon
545
Norwegian Cruise Line
NCLH
$8.55B
$2.73M 0.02%
92,968
+1,800
+2% +$54.2K
FIVE icon
546
Five Below
FIVE
$13.3B
$2.73M 0.02%
14,140
-6,600
-32% -$1.26M
NRG icon
547
NRG Energy
NRG
$25.2B
$2.71M 0.02%
67,336
+1,200
+2% +$43.5K
IVZ icon
548
Invesco
IVZ
$14B
$2.7M 0.02%
101,061
-700
-0.7% -$19.1K
MRO
549
DELISTED
Marathon Oil Corporation
MRO
$2.7M 0.02%
198,121
– –
RHI icon
550
Robert Half
RHI
$4.32B
$2.7M 0.02%
30,299
-100
-0.3% -$8.72K
20 21
22
23 24

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.