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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
HBI
701
DELISTED
Hanesbrands
HBI
$1.64M 0.01%
87,802
+300
+0.3% +$5.94K
TOL icon
702
Toll Brothers
TOL
$14.5B
$1.64M 0.01%
28,327
-13,200
-32% -$805K
MAN icon
703
ManpowerGroup
MAN
$2.63B
$1.64M 0.01%
13,749
-6,600
-32% -$779K
COHR
704
DELISTED
Coherent Inc
COHR
$1.63M 0.01%
6,183
-2,900
-32% -$763K
X
705
DELISTED
US Steel
X
$1.63M 0.01%
67,989
-29,200
-30% -$719K
ACC
706
DELISTED
American Campus Communities, Inc.
ACC
$1.62M 0.01%
34,748
-16,200
-32% -$750K
POST icon
707
Post Holdings
POST
$3.57B
$1.61M 0.01%
22,747
-11,155
-33% -$823K
AMG icon
708
Affiliated Managers Group
AMG
$9.76B
$1.61M 0.01%
10,466
-5,300
-34% -$845K
FL
709
DELISTED
Foot Locker
FL
$1.6M 0.01%
26,024
-12,600
-33% -$762K
KNX icon
710
Knight Transportation
KNX
$11.4B
$1.6M 0.01%
35,217
-14,300
-29% -$683K
NYT icon
711
New York Times
NYT
$10.2B
$1.59M 0.01%
36,621
-17,100
-32% -$761K
CFR icon
712
Cullen/Frost Bankers
CFR
$10.2B
$1.59M 0.01%
14,229
-6,600
-32% -$771K
LHCG
713
DELISTED
LHC Group LLC
LHCG
$1.59M 0.01%
7,956
-3,700
-32% -$742K
MDU icon
714
MDU Resources
MDU
$4.32B
$1.59M 0.01%
133,356
-62,065
-32% -$778K
TXRH icon
715
Texas Roadhouse
TXRH
$13.7B
$1.59M 0.01%
16,492
-7,700
-32% -$758K
LFUS icon
716
Littelfuse
LFUS
$11.6B
$1.58M 0.01%
6,188
-2,900
-32% -$756K
THO icon
717
Thor Industries
THO
$4.14B
$1.57M 0.01%
13,935
-6,600
-32% -$839K
LITE icon
718
Lumentum
LITE
$69.3B
$1.57M 0.01%
19,134
-8,900
-32% -$748K
EQT icon
719
EQT Corp
EQT
$32.3B
$1.57M 0.01%
70,361
-32,900
-32% -$664K
LPX icon
720
Louisiana-Pacific
LPX
$5.49B
$1.55M 0.01%
25,742
-13,700
-35% -$876K
PRGO icon
721
Perrigo
PRGO
$1.78B
$1.54M 0.01%
33,551
-1,900
-5% -$84.2K
LSTR icon
722
Landstar System
LSTR
$6.21B
$1.53M 0.01%
9,709
-4,500
-32% -$756K
HALO icon
723
Halozyme
HALO
$12.2B
$1.53M 0.01%
33,700
-13,400
-28% -$593K
INGR icon
724
Ingredion
INGR
$6.58B
$1.53M 0.01%
16,882
-8,000
-32% -$747K
EXP icon
725
Eagle Materials
EXP
$6.57B
$1.52M 0.01%
10,703
-4,800
-31% -$690K
27 28
29
30 31

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.