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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
AIRC
651
DELISTED
Apartment Income REIT Corp.
AIRC
$1.87M 0.01%
39,500
-15,600
-28% -$718K
KRC icon
652
Kilroy Realty
KRC
$4.42B
$1.86M 0.01%
26,738
-12,500
-32% -$866K
RNR icon
653
RenaissanceRe
RNR
$13.4B
$1.86M 0.01%
12,493
-6,300
-34% -$1M
IAA
654
DELISTED
IAA, Inc. Common Stock
IAA
$1.85M 0.01%
34,000
-15,800
-32% -$908K
PBCT
655
DELISTED
People's United Financial Inc
PBCT
$1.84M 0.01%
107,542
+700
+0.7% +$12.8K
VNO icon
656
Vornado Realty Trust
VNO
$7.38B
$1.84M 0.01%
39,468
+100
+0.3% +$4.67K
CASY icon
657
Casey's General Stores
CASY
$30.9B
$1.81M 0.01%
9,325
-4,400
-32% -$948K
WWD icon
658
Woodward
WWD
$21.4B
$1.81M 0.01%
14,729
-7,000
-32% -$862K
SGI
659
Somnigroup International
SGI
$13.7B
$1.81M 0.01%
46,128
-24,600
-35% -$942K
THC icon
660
Tenet Healthcare
THC
$21.1B
$1.8M 0.01%
26,907
-12,400
-32% -$769K
STAA icon
661
STAAR Surgical
STAA
$1.21B
$1.8M 0.01%
11,800
-5,400
-31% -$711K
PCTY icon
662
Paylocity
PCTY
$7.98B
$1.8M 0.01%
9,425
-4,500
-32% -$810K
AZTA icon
663
Azenta
AZTA
$1.48B
$1.78M 0.01%
18,700
-8,800
-32% -$853K
ORI icon
664
Old Republic International
ORI
$10.4B
$1.78M 0.01%
71,470
-33,300
-32% -$836K
HOG icon
665
Harley-Davidson
HOG
$2.71B
$1.77M 0.01%
38,700
-18,100
-32% -$840K
MAT icon
666
Mattel
MAT
$4.23B
$1.77M 0.01%
87,918
-41,000
-32% -$847K
FFIN icon
667
First Financial Bankshares
FFIN
$4.97B
$1.76M 0.01%
35,858
-16,800
-32% -$826K
GAP
668
The Gap Inc
GAP
$7.37B
$1.76M 0.01%
52,233
+600
+1% +$19.8K
CTRA
669
DELISTED
Coterra Energy
CTRA
$1.75M 0.01%
100,519
+300
+0.3% +$5.11K
NVST icon
670
Envista
NVST
$4.52B
$1.75M 0.01%
+40,500
New +$1.76M
CHDN icon
671
Churchill Downs
CHDN
$6.12B
$1.74M 0.01%
17,544
-8,200
-32% -$842K
LEG icon
672
Leggett & Platt
LEG
$1.31B
$1.74M 0.01%
33,516
+100
+0.3% +$5.2K
YETI icon
673
Yeti Holdings
YETI
$3.95B
$1.74M 0.01%
18,900
-8,900
-32% -$773K
SLAB icon
674
Silicon Laboratories
SLAB
$7.23B
$1.73M 0.01%
11,298
-5,000
-31% -$699K
FAF icon
675
First American
FAF
$7.58B
$1.73M 0.01%
27,670
-13,000
-32% -$827K
25 26
27
28 29

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.