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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
WING icon
801
Wingstop
WING
$3.18B
$1.18M 0.01%
7,500
-3,500
-32% -$504K
CLH icon
802
Clean Harbors
CLH
$16.3B
$1.18M 0.01%
12,656
-6,000
-32% -$545K
FCN icon
803
FTI Consulting
FCN
$4.18B
$1.18M 0.01%
8,625
-4,100
-32% -$577K
HE icon
804
Hawaiian Electric Industries
HE
$2.14B
$1.16M 0.01%
27,525
-12,900
-32% -$559K
MTG icon
805
MGIC Investment
MTG
$6.25B
$1.16M 0.01%
85,500
-39,900
-32% -$573K
CXT icon
806
Crane NXT
CXT
$3.07B
$1.15M 0.01%
35,953
-16,698
-32% -$545K
CRI icon
807
Carter's
CRI
$1.47B
$1.14M 0.01%
11,093
-5,200
-32% -$530K
AVNT icon
808
Avient
AVNT
$4.19B
$1.13M 0.01%
22,981
-10,800
-32% -$546K
KMPR icon
809
Kemper
KMPR
$1.68B
$1.13M 0.01%
15,253
-7,500
-33% -$578K
SMTC icon
810
Semtech
SMTC
$13B
$1.13M 0.01%
16,387
-7,700
-32% -$509K
CCMP
811
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$1.11M 0.01%
7,362
-3,400
-32% -$563K
ACIW icon
812
ACI Worldwide
ACIW
$5.42B
$1.11M 0.01%
29,798
-13,600
-31% -$532K
LNW
813
DELISTED
Light & Wonder
LNW
$1.1M 0.01%
14,245
-6,600
-32% -$405K
WTFC icon
814
Wintrust Financial
WTFC
$10.7B
$1.08M 0.01%
14,329
-6,700
-32% -$524K
HR
815
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.08M 0.01%
35,664
-16,100
-31% -$501K
ADNT icon
816
Adient
ADNT
$1.5B
$1.07M 0.01%
23,786
-11,000
-32% -$514K
HRB icon
817
H&R Block
HRB
$5.86B
$1.07M 0.01%
45,700
-22,200
-33% -$526K
MSM icon
818
MSC Industrial Direct
MSM
$6.86B
$1.07M 0.01%
11,888
-5,400
-31% -$494K
HPP
819
Hudson Pacific Properties
HPP
$779M
$1.06M 0.01%
5,438
-2,542
-32% -$503K
TXNM
820
TXNM Energy Inc
TXNM
$5.94B
$1.06M 0.01%
21,657
-10,100
-32% -$497K
ENS icon
821
EnerSys
ENS
$6.99B
$1.05M 0.01%
10,798
-5,000
-32% -$466K
LOPE icon
822
Grand Canyon Education
LOPE
$3.98B
$1.05M 0.01%
11,672
-5,700
-33% -$563K
RLI icon
823
RLI Corp
RLI
$5.89B
$1.05M 0.01%
20,018
-9,400
-32% -$511K
WEN icon
824
Wendy's
WEN
$1.46B
$1.05M 0.01%
44,668
-21,700
-33% -$498K
TGNA
825
DELISTED
TEGNA Inc
TGNA
$1.04M 0.01%
55,666
-25,700
-32% -$504K
31 32
33
34 35

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.