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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
PRI icon
726
Primerica
PRI
$9.89B
$1.52M 0.01%
9,903
-4,700
-32% -$742K
GMED icon
727
Globus Medical
GMED
$11.2B
$1.51M 0.01%
19,539
-9,100
-32% -$647K
MSA icon
728
Mine Safety
MSA
$7.49B
$1.51M 0.01%
9,130
-4,300
-32% -$697K
MTZ icon
729
MasTec
MTZ
$21.9B
$1.51M 0.01%
14,213
-6,700
-32% -$727K
VYX icon
730
NCR Voyix
VYX
$1.14B
$1.51M 0.01%
53,839
-24,776
-32% -$686K
NOV icon
731
NOV
NOV
$7B
$1.5M 0.01%
98,174
+700
+0.7% +$10.9K
WBD icon
732
Warner Bros
WBD
$67.1B
$1.49M 0.01%
48,565
+1,200
+3% +$41.6K
VVV icon
733
Valvoline
VVV
$4.51B
$1.48M 0.01%
45,632
-21,600
-32% -$672K
UNM icon
734
Unum
UNM
$14.3B
$1.46M 0.01%
51,360
+200
+0.4% +$5.88K
COR
735
DELISTED
Coresite Realty Corporation
COR
$1.46M 0.01%
10,809
-5,000
-32% -$625K
CC icon
736
Chemours
CC
$2.37B
$1.45M 0.01%
41,720
-19,500
-32% -$646K
EVR icon
737
Evercore
EVR
$11.8B
$1.45M 0.01%
10,314
-5,200
-34% -$727K
EXEL icon
738
Exelixis
EXEL
$13.4B
$1.44M 0.01%
78,958
-36,600
-32% -$854K
AEO icon
739
American Eagle Outfitters
AEO
$3.01B
$1.43M 0.01%
38,022
-17,400
-31% -$603K
RL icon
740
Ralph Lauren
RL
$23.6B
$1.43M 0.01%
12,116
– –
ACHC icon
741
Acadia Healthcare
ACHC
$2.94B
$1.42M 0.01%
22,581
-10,400
-32% -$652K
HELE icon
742
Helen of Troy
HELE
$693M
$1.41M 0.01%
6,183
-2,900
-32% -$638K
NATI
743
DELISTED
National Instruments Corp
NATI
$1.4M 0.01%
33,213
-15,500
-32% -$653K
SLG icon
744
SL Green Realty
SLG
$3.99B
$1.4M 0.01%
17,500
-8,200
-32% -$623K
DEI icon
745
Douglas Emmett
DEI
$1.96B
$1.4M 0.01%
41,615
-19,500
-32% -$661K
TKR icon
746
Timken Company
TKR
$9.03B
$1.39M 0.01%
17,276
-8,000
-32% -$677K
VNT icon
747
Vontier
VNT
$4.74B
$1.39M 0.01%
42,500
-19,900
-32% -$656K
SRC
748
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.38M 0.01%
28,923
-13,600
-32% -$637K
TDC icon
749
Teradata
TDC
$2.55B
$1.38M 0.01%
27,664
-12,700
-31% -$578K
CUZ icon
750
Cousins Properties
CUZ
$4.88B
$1.38M 0.01%
37,425
-17,600
-32% -$647K
28 29
30
31 32

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.