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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
JEF icon
676
Jefferies Financial Group
JEF
$13.1B
$1.72M 0.01%
52,730
-25,732
-33% -$785K
SF
677
Stifel
SF
$12.6B
$1.72M 0.01%
39,684
-18,600
-32% -$834K
BRX icon
678
Brixmor Property Group
BRX
$9.32B
$1.71M 0.01%
74,784
-35,100
-32% -$782K
VAC icon
679
Marriott Vacations Worldwide
VAC
$4.25B
$1.71M 0.01%
10,725
-4,500
-30% -$770K
WH icon
680
Wyndham Hotels & Resorts
WH
$5.48B
$1.71M 0.01%
23,586
-10,900
-32% -$805K
SLM icon
681
SLM Corp
SLM
$5.15B
$1.7M 0.01%
81,321
-42,900
-35% -$845K
FR icon
682
First Industrial Realty Trust
FR
$8.44B
$1.7M 0.01%
32,501
-15,300
-32% -$769K
OGE icon
683
OGE Energy
OGE
$9.71B
$1.7M 0.01%
50,471
-56,200
-53% -$1.9M
SON icon
684
Sonoco
SON
$5.74B
$1.7M 0.01%
25,334
-11,900
-32% -$790K
EME icon
685
Emcor
EME
$36B
$1.69M 0.01%
13,735
-6,600
-32% -$805K
PNFP icon
686
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.69M 0.01%
19,160
-9,000
-32% -$805K
CNXC icon
687
Concentrix
CNXC
$1.57B
$1.69M 0.01%
10,507
-4,900
-32% -$754K
HQY icon
688
HealthEquity
HQY
$8.75B
$1.69M 0.01%
20,966
-9,700
-32% -$739K
AYI icon
689
Acuity Brands
AYI
$10.8B
$1.69M 0.01%
9,014
-4,300
-32% -$782K
PB icon
690
Prosperity Bancshares
PB
$8.89B
$1.68M 0.01%
23,454
-11,000
-32% -$822K
SKX
691
DELISTED
Skechers
SKX
$1.68M 0.01%
33,764
-16,900
-33% -$797K
JHG
692
DELISTED
Janus Henderson
JHG
$1.67M 0.01%
43,000
-20,200
-32% -$734K
TTEK icon
693
Tetra Tech
TTEK
$9.07B
$1.67M 0.01%
68,225
-32,000
-32% -$805K
EGP icon
694
EastGroup Properties
EGP
$10.9B
$1.66M 0.01%
10,119
-4,600
-31% -$728K
SRCL
695
DELISTED
Stericycle Inc
SRCL
$1.66M 0.01%
23,146
-10,800
-32% -$794K
DKS icon
696
Dick's Sporting Goods
DKS
$18.7B
$1.65M 0.01%
16,497
-7,800
-32% -$699K
FOXF icon
697
Fox Factory Holding Corp
FOXF
$886M
$1.65M 0.01%
10,600
-4,900
-32% -$729K
BJ icon
698
BJs Wholesale Club
BJ
$12.3B
$1.64M 0.01%
34,517
-16,300
-32% -$746K
BLD
699
DELISTED
TopBuild
BLD
$1.64M 0.01%
8,300
-3,900
-32% -$808K
SNV
700
DELISTED
Synovus
SNV
$1.64M 0.01%
37,405
-17,600
-32% -$827K
26 27
28
29 30

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.