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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
DCI icon
626
Donaldson
DCI
$11.4B
$2.02M 0.01%
31,821
-14,900
-32% -$921K
AMED
627
DELISTED
Amedisys
AMED
$2.02M 0.01%
8,251
-3,900
-32% -$1.02M
GNTX icon
628
Gentex
GNTX
$5.07B
$2.02M 0.01%
60,896
-29,300
-32% -$1.02M
G icon
629
Genpact
G
$5.76B
$1.99M 0.01%
+43,900
New +$1.99M
PII icon
630
Polaris
PII
$4.07B
$1.99M 0.01%
14,524
-7,100
-33% -$962K
ITT icon
631
ITT
ITT
$19.1B
$1.99M 0.01%
21,681
-10,400
-32% -$968K
CBSH icon
632
Commerce Bancshares
CBSH
$8.5B
$1.98M 0.01%
33,913
-15,954
-32% -$962K
LECO icon
633
Lincoln Electric
LECO
$15.4B
$1.98M 0.01%
15,013
-7,100
-32% -$909K
SMG icon
634
ScottsMiracle-Gro
SMG
$3.66B
$1.97M 0.01%
10,284
-4,800
-32% -$1.06M
EHC icon
635
Encompass Health
EHC
$12.4B
$1.96M 0.01%
31,586
-14,581
-32% -$972K
JBL icon
636
Jabil
JBL
$35.8B
$1.96M 0.01%
33,742
-16,400
-33% -$903K
BC icon
637
Brunswick
BC
$5.28B
$1.95M 0.01%
19,613
-9,200
-32% -$937K
FSLR icon
638
First Solar
FSLR
$26.9B
$1.94M 0.01%
21,439
-10,000
-32% -$791K
LSCC icon
639
Lattice Semiconductor
LSCC
$18.5B
$1.93M 0.01%
+34,400
New +$1.76M
PVH icon
640
PVH
PVH
$4.04B
$1.93M 0.01%
17,956
+100
+0.6% +$11K
OGN icon
641
Organon & Co
OGN
$3.57B
$1.93M 0.01%
+63,601
New +$2.09M
REXR icon
642
Rexford Industrial Realty
REXR
$8.19B
$1.93M 0.01%
33,800
-14,900
-31% -$829K
COHR icon
643
Coherent
COHR
$74.2B
$1.92M 0.01%
26,386
-12,400
-32% -$873K
CROX icon
644
Crocs
CROX
$6.55B
$1.91M 0.01%
+16,400
New +$1.61M
CHE icon
645
Chemed
CHE
$7.22B
$1.91M 0.01%
4,020
-1,900
-32% -$912K
HRC
646
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.9M 0.01%
16,737
-7,800
-32% -$873K
IPGP icon
647
IPG Photonics
IPGP
$3.84B
$1.89M 0.01%
8,983
– –
ALK icon
648
Alaska Air
ALK
$5.58B
$1.89M 0.01%
31,331
+200
+0.6% +$13.5K
RGLD icon
649
Royal Gold
RGLD
$19.5B
$1.88M 0.01%
16,487
-7,800
-32% -$920K
XEC
650
DELISTED
CIMAREX ENERGY CO
XEC
$1.88M 0.01%
25,892
-12,200
-32% -$824K
24 25
26
27 28

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.