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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
NEOG icon
776
Neogen
NEOG
$2.5B
$1.25M 0.01%
27,100
-12,300
-31% -$568K
IDA icon
777
Idacorp
IDA
$8.2B
$1.24M 0.01%
12,741
-6,000
-32% -$601K
LULU icon
778
lululemon athletica
LULU
$14.6B
$1.24M 0.01%
3,400
+500
+17% +$165K
DINO icon
779
HF Sinclair
DINO
$14.5B
$1.24M 0.01%
37,700
+180
+0.5% +$6.26K
CRUS icon
780
Cirrus Logic
CRUS
$6.26B
$1.24M 0.01%
14,524
-7,000
-33% -$561K
MEDP icon
781
Medpace
MEDP
$16.5B
$1.24M 0.01%
7,000
-3,200
-31% -$552K
UBSI icon
782
United Bankshares
UBSI
$6.62B
$1.23M 0.01%
33,795
-14,000
-29% -$550K
THG icon
783
Hanover Insurance
THG
$7.98B
$1.23M 0.01%
9,059
-4,400
-33% -$603K
PK icon
784
Park Hotels & Resorts
PK
$2.97B
$1.23M 0.01%
59,565
-28,000
-32% -$600K
SIGI icon
785
Selective Insurance
SIGI
$5.73B
$1.23M 0.01%
15,119
-7,100
-32% -$543K
CW icon
786
Curtiss-Wright
CW
$25.5B
$1.22M 0.01%
10,298
-4,900
-32% -$613K
IART icon
787
Integra LifeSciences
IART
$1.34B
$1.22M 0.01%
17,866
-8,400
-32% -$594K
WBS icon
788
Webster Financial
WBS
$12.8B
$1.22M 0.01%
22,810
-10,600
-32% -$588K
PACW
789
DELISTED
PacWest Bancorp
PACW
$1.21M 0.01%
29,432
-13,800
-32% -$590K
CHX
790
DELISTED
ChampionX
CHX
$1.21M 0.01%
47,165
-21,900
-32% -$533K
GT icon
791
Goodyear
GT
$1.85B
$1.21M 0.01%
70,313
-16,100
-19% -$297K
OLLI icon
792
Ollie's Bargain Outlet
OLLI
$4.94B
$1.21M 0.01%
14,340
-6,700
-32% -$583K
ASH icon
793
Ashland
ASH
$3.5B
$1.21M 0.01%
13,772
-6,400
-32% -$576K
SSD icon
794
Simpson Manufacturing
SSD
$8.16B
$1.2M 0.01%
10,900
-5,100
-32% -$563K
STL
795
DELISTED
Sterling Bancorp
STL
$1.2M 0.01%
48,546
-23,100
-32% -$582K
FLO icon
796
Flowers Foods
FLO
$1.57B
$1.2M 0.01%
49,633
-23,300
-32% -$566K
NFG icon
797
National Fuel Gas
NFG
$7.65B
$1.2M 0.01%
22,966
-10,800
-32% -$560K
SAIL
798
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
$1.19M 0.01%
23,300
-10,600
-31% -$509K
IRDM icon
799
Iridium Communications
IRDM
$5.29B
$1.18M 0.01%
29,600
-14,200
-32% -$552K
HIW icon
800
Highwoods Properties
HIW
$3.47B
$1.18M 0.01%
26,201
-12,300
-32% -$553K
30 31
32
33 34

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.