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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
LOW icon
51
Lowe's Companies
LOW
$125B
$68.5M 0.4%
353,173
-113,900
-24% -$22.3M
NFLX icon
52
Netflix
NFLX
$309B
$68.2M 0.4%
1,291,880
+3,000
+0.2% +$153K
MSCI icon
53
MSCI
MSCI
$40.9B
$68.2M 0.4%
127,856
– –
ALGN icon
54
Align Technology
ALGN
$12.3B
$67.4M 0.4%
110,362
+700
+0.6% +$414K
XOM icon
55
ExxonMobil
XOM
$634B
$67.1M 0.39%
1,064,218
-36,500
-3% -$2.18M
INTC icon
56
Intel
INTC
$513B
$65.8M 0.39%
1,171,735
-31,100
-3% -$1.83M
CMCSA icon
57
Comcast
CMCSA
$90B
$65.7M 0.39%
1,152,546
-1,128,600
-49% -$63.1M
WFC icon
58
Wells Fargo
WFC
$264B
$64.7M 0.38%
1,428,216
+11,100
+0.8% +$496K
AMD icon
59
Advanced Micro Devices
AMD
$789B
$62.9M 0.37%
669,879
-192,990
-22% -$15.6M
GD icon
60
General Dynamics
GD
$106B
$62.5M 0.37%
332,202
+272,200
+454% +$51.3M
MO icon
61
Altria Group
MO
$114B
$60.6M 0.36%
1,271,324
-5,400
-0.4% -$265K
PFE icon
62
Pfizer
PFE
$153B
$57.3M 0.34%
1,463,732
-24,100
-2% -$937K
ADSK icon
63
Autodesk
ADSK
$52.6B
$56.2M 0.33%
192,603
-300
-0.2% -$85.6K
INTU icon
64
Intuit
INTU
$89B
$55.7M 0.33%
113,548
+42,600
+60% +$18.5M
IJH icon
65
iShares Core S&P Mid-Cap ETF
IJH
$127B
$55M 0.32%
1,022,560
+33,550
+3% +$1.81M
NKE icon
66
Nike
NKE
$61.9B
$54.1M 0.32%
349,940
+7,500
+2% +$1.01M
IPG
67
DELISTED
Interpublic Group of Companies
IPG
$54M 0.32%
1,662,225
+1,555,100
+1,452% +$49.7M
ETRN
68
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$53.6M 0.31%
6,295,255
-48,600
-0.8% -$412K
KO icon
69
Coca-Cola
KO
$375B
$52.8M 0.31%
975,522
-63,500
-6% -$3.45M
SYK icon
70
Stryker
SYK
$130B
$52.6M 0.31%
202,427
+300
+0.1% +$76.7K
IQV icon
71
IQVIA
IQV
$39.3B
$52M 0.31%
214,704
+200
+0.1% +$46.2K
ABT icon
72
Abbott
ABT
$187B
$51.8M 0.3%
446,719
+2,100
+0.5% +$245K
PEP icon
73
PepsiCo
PEP
$190B
$51.5M 0.3%
347,298
+1,000
+0.3% +$146K
XYZ
74
Block Inc
XYZ
$47.5B
$51.4M 0.3%
210,646
– –
MRK icon
75
Merck
MRK
$318B
$51.3M 0.3%
659,017
-203,505
-24% -$15.1M
1 2
3
4 5

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.