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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
NJR icon
851
New Jersey Resources
NJR
$5.58B
$960K 0.01%
24,249
-11,400
-32% -$482K
MZTI
852
The Marzetti Company
MZTI
$3.11B
$954K 0.01%
4,929
-2,300
-32% -$432K
XRX icon
853
Xerox
XRX
$425M
$954K 0.01%
40,600
-21,200
-34% -$513K
HOMB icon
854
Home BancShares
HOMB
$6.18B
$947K 0.01%
38,368
-17,000
-31% -$459K
SR icon
855
Spire
SR
$4.85B
$944K 0.01%
13,056
-6,100
-32% -$454K
SAFM
856
DELISTED
Sanderson Farms Inc
SAFM
$942K 0.01%
5,009
-2,400
-32% -$404K
BLKB icon
857
Blackbaud
BLKB
$2.08B
$940K 0.01%
12,272
-5,600
-31% -$404K
MRCY icon
858
Mercury Systems
MRCY
$6.52B
$937K 0.01%
14,135
-6,700
-32% -$463K
CMC icon
859
Commercial Metals
CMC
$8.31B
$932K 0.01%
30,338
-14,100
-32% -$437K
SXT icon
860
Sensient Technologies
SXT
$5.53B
$923K 0.01%
10,668
-5,000
-32% -$424K
ALE
861
DELISTED
Allete
ALE
$920K 0.01%
13,150
-6,100
-32% -$425K
UA icon
862
Under Armour Class C
UA
$2.53B
$917K 0.01%
49,399
+500
+1% +$9.42K
KEX icon
863
Kirby Corp
KEX
$6.93B
$916K 0.01%
15,113
-7,100
-32% -$458K
KBH icon
864
KB Home
KBH
$3.59B
$912K 0.01%
22,397
-10,600
-32% -$489K
CVLT icon
865
Commault Systems
CVLT
$5.61B
$907K 0.01%
11,603
-5,800
-33% -$422K
PCH
866
DELISTED
PotlatchDeltic
PCH
$898K 0.01%
16,893
-7,900
-32% -$455K
KNSL icon
867
Kinsale Capital Group
KNSL
$8.51B
$890K 0.01%
5,400
-2,500
-32% -$413K
CBRL icon
868
Cracker Barrel
CBRL
$1.29B
$889K 0.01%
5,988
-2,800
-32% -$451K
NUVA
869
DELISTED
NuVasive, Inc.
NUVA
$885K 0.01%
13,050
-6,000
-31% -$410K
NSA
870
DELISTED
National Storage Affiliates Trust
NSA
$880K 0.01%
+17,400
New +$796K
JBGS
871
JBG SMITH
JBGS
$708M
$878K 0.01%
27,863
-13,100
-32% -$427K
NAVI icon
872
Navient
NAVI
$853M
$874K 0.01%
45,194
-22,900
-34% -$393K
DAN icon
873
Dana Inc
DAN
$3.06B
$870K 0.01%
36,621
-17,000
-32% -$441K
PZZA icon
874
Papa John's
PZZA
$806M
$866K 0.01%
8,294
-3,900
-32% -$378K
CHH icon
875
Choice Hotels
CHH
$4.8B
$861K 0.01%
7,246
-3,400
-32% -$395K
33 34
35
36 37

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.