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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
SYNA icon
751
Synaptics
SYNA
$4.15B
$1.38M 0.01%
8,835
-4,100
-32% -$554K
VLY icon
752
Valley National Bancorp
VLY
$8.04B
$1.37M 0.01%
102,253
-48,000
-32% -$670K
MMS icon
753
Maximus
MMS
$3.1B
$1.36M 0.01%
15,492
-7,300
-32% -$669K
RRX icon
754
Regal Rexnord
RRX
$11.9B
$1.36M 0.01%
10,203
-4,800
-32% -$677K
ENOV icon
755
Enovis
ENOV
$1.53B
$1.36M 0.01%
17,257
-7,495
-30% -$574K
KBR icon
756
KBR
KBR
$4.8B
$1.36M 0.01%
35,668
-16,500
-32% -$654K
JBLU icon
757
JetBlue
JBLU
$2.29B
$1.34M 0.01%
79,750
-37,300
-32% -$723K
IBKR icon
758
Interactive Brokers
IBKR
$39.8B
$1.34M 0.01%
81,336
-38,400
-32% -$664K
GBCI icon
759
Glacier Bancorp
GBCI
$6.35B
$1.33M 0.01%
24,100
-11,200
-32% -$655K
FLS icon
760
Flowserve
FLS
$10.2B
$1.32M 0.01%
32,800
-15,400
-32% -$636K
NVT icon
761
nVent Electric
NVT
$26.7B
$1.32M 0.01%
42,265
-20,000
-32% -$616K
HXL icon
762
Hexcel
HXL
$7.82B
$1.32M 0.01%
21,100
-9,900
-32% -$571K
BFH icon
763
Bread Financial
BFH
$4.38B
$1.3M 0.01%
15,688
-7,392
-32% -$669K
EFOR
764
Everforth Inc
EFOR
$1.32B
$1.3M 0.01%
13,445
-6,200
-32% -$633K
AN icon
765
AutoNation
AN
$6.92B
$1.29M 0.01%
13,619
-6,800
-33% -$666K
TNL icon
766
Travel + Leisure Co
TNL
$4.7B
$1.29M 0.01%
21,713
-10,100
-32% -$640K
FLG
767
Flagstar Bank National Association
FLG
$5.82B
$1.29M 0.01%
39,051
-18,434
-32% -$659K
CIT
768
DELISTED
CIT Group Inc.
CIT
$1.29M 0.01%
24,944
-11,600
-32% -$609K
SAIC icon
769
Saic
SAIC
$5.35B
$1.29M 0.01%
14,657
-6,900
-32% -$616K
OZK icon
770
Bank OZK
OZK
$5.61B
$1.28M 0.01%
30,427
-14,300
-32% -$596K
ESNT icon
771
Essent Group
ESNT
$6.33B
$1.28M 0.01%
28,400
-13,400
-32% -$650K
VMI icon
772
Valmont Industries
VMI
$9.53B
$1.27M 0.01%
5,394
-2,500
-32% -$605K
RYN icon
773
Rayonier
RYN
$6.55B
$1.26M 0.01%
38,629
-17,635
-31% -$579K
QDEL icon
774
QuidelOrtho
QDEL
$838M
$1.26M 0.01%
9,800
-4,500
-31% -$530K
BYD icon
775
Boyd Gaming
BYD
$6.06B
$1.25M 0.01%
20,318
-9,500
-32% -$599K
29 30
31
32 33

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.