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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
PRAH
551
DELISTED
PRA Health Sciences, Inc.
PRAH
$2.69M 0.02%
16,297
-7,600
-32% -$1.27M
HSIC icon
552
Henry Schein
HSIC
$9.82B
$2.69M 0.02%
36,267
-300
-0.8% -$22.6K
DECK icon
553
Deckers Outdoor
DECK
$13.3B
$2.67M 0.02%
41,772
-21,000
-33% -$1.19M
CABO icon
554
Cable One
CABO
$212M
$2.65M 0.02%
1,384
-600
-30% -$1.08M
EG icon
555
Everest Group
EG
$14.4B
$2.64M 0.02%
10,479
– –
WRB icon
556
W.R. Berkley
WRB
$26.6B
$2.62M 0.02%
79,328
+225
+0.3% +$7.79K
AOS icon
557
A.O. Smith
AOS
$8.7B
$2.6M 0.02%
36,127
+200
+0.6% +$13.8K
DISCK
558
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.59M 0.02%
89,471
+1,900
+2% +$59K
LAD icon
559
Lithia Motors
LAD
$8.26B
$2.58M 0.02%
7,500
-2,400
-24% -$868K
WTRG icon
560
Essential Utilities
WTRG
$11.4B
$2.57M 0.02%
56,293
-26,400
-32% -$1.24M
RGEN icon
561
Repligen
RGEN
$9.25B
$2.57M 0.02%
12,877
-6,000
-32% -$1.16M
EWBC icon
562
East-West Bancorp
EWBC
$18B
$2.56M 0.02%
35,711
-16,700
-32% -$1.24M
TRGP icon
563
Targa Resources
TRGP
$55.1B
$2.56M 0.02%
+57,600
New +$2.23M
HUBB icon
564
Hubbell
HUBB
$27.2B
$2.55M 0.02%
13,659
-6,500
-32% -$1.23M
REG icon
565
Regency Centers
REG
$14.1B
$2.54M 0.01%
39,712
+100
+0.3% +$6.33K
NWSA icon
566
News Corp Class A
NWSA
$15.4B
$2.53M 0.01%
98,335
-12,000
-11% -$316K
JLL icon
567
Jones Lang LaSalle
JLL
$16.7B
$2.53M 0.01%
12,956
-6,000
-32% -$1.17M
JNPR
568
DELISTED
Juniper Networks
JNPR
$2.52M 0.01%
92,023
-1,300
-1% -$34.6K
CSL icon
569
Carlisle Companies
CSL
$15.4B
$2.52M 0.01%
13,149
-6,600
-33% -$1.23M
GL icon
570
Globe Life
GL
$14.3B
$2.51M 0.01%
26,358
+100
+0.4% +$10.2K
CMA
571
DELISTED
Comerica
CMA
$2.5M 0.01%
35,101
+200
+0.6% +$14.8K
SAM icon
572
Boston Beer
SAM
$1.92B
$2.5M 0.01%
2,452
-1,000
-29% -$1.12M
CLF icon
573
Cleveland-Cliffs
CLF
$6.99B
$2.5M 0.01%
115,800
-54,200
-32% -$1.07M
DXC icon
574
DXC Technology
DXC
$1.73B
$2.5M 0.01%
64,066
+200
+0.3% +$7.14K
DMTK
575
DELISTED
DermTech, Inc. Common Stock
DMTK
$2.49M 0.01%
60,000
+42,000
+233% +$1.73M
21 22
23
24 25

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.