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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
WU icon
576
Western Union
WU
$2.21B
$2.49M 0.01%
108,307
+1,200
+1% +$29.9K
MKSI icon
577
MKS Inc
MKSI
$20.6B
$2.48M 0.01%
13,940
-6,500
-32% -$1.18M
ARW icon
578
Arrow Electronics
ARW
$10.4B
$2.44M 0.01%
21,475
-9,400
-30% -$1.1M
RS icon
579
Reliance Steel & Aluminium
RS
$21.6B
$2.43M 0.01%
16,082
-7,500
-32% -$1.22M
MIDD icon
580
Middleby
MIDD
$6.08B
$2.43M 0.01%
14,000
-6,600
-32% -$1.12M
NI icon
581
NiSource
NI
$20.4B
$2.42M 0.01%
98,606
+300
+0.3% +$7.63K
OLED icon
582
Universal Display
OLED
$4.19B
$2.4M 0.01%
10,798
-5,100
-32% -$1.12M
WSO icon
583
Watsco Inc
WSO
$13.6B
$2.39M 0.01%
8,341
-3,800
-31% -$1.09M
AIZ icon
584
Assurant
AIZ
$14.3B
$2.38M 0.01%
15,223
+700
+5% +$109K
HII icon
585
Huntington Ingalls Industries
HII
$12.8B
$2.38M 0.01%
11,279
+100
+0.9% +$21.3K
Y
586
DELISTED
Alleghany Corp
Y
$2.35M 0.01%
3,531
-1,700
-32% -$1.17M
AZPN
587
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$2.35M 0.01%
+17,100
New +$2.35M
PEN icon
588
Penumbra
PEN
$12.8B
$2.34M 0.01%
8,551
-4,000
-32% -$1.09M
ATR icon
589
AptarGroup
ATR
$8.61B
$2.34M 0.01%
16,592
-7,500
-31% -$1.11M
ACM icon
590
Aecom
ACM
$9.75B
$2.33M 0.01%
36,852
-17,900
-33% -$1.17M
CPB icon
591
Campbell Soup
CPB
$6.87B
$2.33M 0.01%
51,071
+100
+0.2% +$4.82K
PNW icon
592
Pinnacle West Capital
PNW
$12.2B
$2.32M 0.01%
28,328
– –
MANH icon
593
Manhattan Associates
MANH
$11.4B
$2.32M 0.01%
15,997
-7,600
-32% -$1.01M
NBIX icon
594
Neurocrine Biosciences
NBIX
$16.6B
$2.32M 0.01%
23,800
-10,900
-31% -$1.04M
LAMR icon
595
Lamar Advertising Co
LAMR
$16.3B
$2.29M 0.01%
21,886
-10,100
-32% -$1.03M
SYNH
596
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$2.28M 0.01%
25,503
-5,100
-17% -$431K
BEN icon
597
Franklin Resources
BEN
$17.2B
$2.28M 0.01%
71,314
+600
+0.8% +$19.4K
KIM icon
598
Kimco Realty
KIM
$16.4B
$2.27M 0.01%
108,917
+400
+0.4% +$8.3K
SCI icon
599
Service Corp International
SCI
$11.6B
$2.27M 0.01%
42,330
-20,400
-33% -$1.08M
RUN icon
600
Sunrun
RUN
$2.46B
$2.27M 0.01%
40,600
-18,700
-32% -$903K
22 23
24
25 26

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.