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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
UNVR
826
DELISTED
Univar Solutions Inc.
UNVR
$1.04M 0.01%
42,700
-20,000
-32% -$501K
ENV
827
DELISTED
ENVESTNET, INC.
ENV
$1.04M 0.01%
+13,700
New +$1.01M
BKH icon
828
Black Hills Corp
BKH
$5.69B
$1.04M 0.01%
15,798
-7,500
-32% -$510K
LIVN icon
829
LivaNova
LIVN
$4.2B
$1.03M 0.01%
12,266
-5,800
-32% -$478K
ICUI icon
830
ICU Medical
ICUI
$4.61B
$1.03M 0.01%
5,009
-2,300
-31% -$473K
UMPQ
831
DELISTED
Umpqua Holdings Corp
UMPQ
$1.02M 0.01%
55,555
-26,100
-32% -$486K
UMBF icon
832
UMB Financial
UMBF
$11.1B
$1.02M 0.01%
10,998
-5,100
-32% -$484K
CAR icon
833
Avis
CAR
$5.02B
$1.01M 0.01%
13,024
-6,100
-32% -$506K
R icon
834
Ryder
R
$10.1B
$1.01M 0.01%
13,545
-6,300
-32% -$498K
AVT icon
835
Avnet
AVT
$7.92B
$1M 0.01%
25,063
-11,800
-32% -$508K
SABR icon
836
Sabre
SABR
$835M
$1M 0.01%
80,501
-37,000
-31% -$520K
UAA icon
837
Under Armour
UAA
$2.6B
$1M 0.01%
47,458
+100
+0.2% +$2.23K
JWN
838
DELISTED
Nordstrom
JWN
$1M 0.01%
27,400
-12,900
-32% -$471K
DOC
839
DELISTED
PHYSICIANS REALTY TRUST
DOC
$1M 0.01%
54,267
-23,700
-30% -$441K
TRIP icon
840
TripAdvisor
TRIP
$1.26B
$995K 0.01%
24,701
-11,000
-31% -$497K
OGS icon
841
ONE Gas
OGS
$5.04B
$994K 0.01%
13,407
-6,300
-32% -$485K
EPR icon
842
EPR Properties
EPR
$4.77B
$992K 0.01%
18,829
-8,900
-32% -$442K
FNB icon
843
FNB Corp
FNB
$6.75B
$992K 0.01%
80,457
-38,600
-32% -$501K
SBRA icon
844
Sabra Healthcare REIT
SBRA
$5.37B
$991K 0.01%
54,424
-23,600
-30% -$420K
CALY
845
Callaway Golf Company
CALY
$3.14B
$988K 0.01%
+29,300
New +$942K
BHF icon
846
Brighthouse Financial
BHF
$3.5B
$987K 0.01%
21,665
-10,700
-33% -$503K
HWC icon
847
Hancock Whitney
HWC
$6.24B
$973K 0.01%
21,886
-10,200
-32% -$474K
SWX icon
848
Southwest Gas
SWX
$6.67B
$969K 0.01%
14,645
-6,500
-31% -$444K
WRI
849
DELISTED
Weingarten Realty Investors
WRI
$969K 0.01%
30,227
-14,200
-32% -$447K
BCO icon
850
Brink's
BCO
$4.62B
$965K 0.01%
12,561
-5,800
-32% -$451K
32 33
34
35 36

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.