We are live on ! Find out more
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
BOH icon
876
Bank of Hawaii
BOH
$3.13B
$859K 0.01%
10,199
-4,700
-32% -$421K
TMHC
877
DELISTED
Taylor Morrison
TMHC
$858K 0.01%
32,479
-15,200
-32% -$451K
HAE icon
878
Haemonetics
HAE
$4B
$857K 0.01%
12,856
-6,000
-32% -$425K
QLYS icon
879
Qualys
QLYS
$6.35B
$856K 0.01%
8,500
-4,000
-32% -$407K
VC icon
880
Visteon
VC
$2.78B
$854K 0.01%
7,062
-3,300
-32% -$397K
VSAT icon
881
Viasat
VSAT
$11.1B
$853K 0.01%
17,124
-7,000
-29% -$348K
MUR icon
882
Murphy Oil
MUR
$4.78B
$852K 0.01%
36,595
-16,900
-32% -$345K
MUSA icon
883
Murphy USA
MUSA
$9.61B
$838K ﹤0.01%
6,287
-3,100
-33% -$428K
TEX icon
884
Terex
TEX
$7.74B
$837K ﹤0.01%
17,574
-8,100
-32% -$393K
SIX
885
DELISTED
Six Flags Entertainment Corp.
SIX
$828K ﹤0.01%
19,129
-8,900
-32% -$401K
HAIN icon
886
Hain Celestial
HAIN
$53.7M
$827K ﹤0.01%
20,613
-9,700
-32% -$400K
NGVT icon
887
Ingevity
NGVT
$2.68B
$822K ﹤0.01%
10,103
-5,800
-36% -$466K
SLGN icon
888
Silgan Holdings
SLGN
$4.41B
$822K ﹤0.01%
19,796
-9,100
-31% -$386K
PRG icon
889
PROG Holdings
PRG
$1.71B
$818K ﹤0.01%
16,987
-8,100
-32% -$403K
NSP icon
890
Insperity
NSP
$2.01B
$816K ﹤0.01%
9,025
-4,100
-31% -$366K
CBT icon
891
Cabot Corp
CBT
$4.52B
$815K ﹤0.01%
14,309
-6,700
-32% -$394K
RAMP icon
892
LiveRamp
RAMP
$2.3B
$810K ﹤0.01%
17,282
-7,500
-30% -$361K
TCBI icon
893
Texas Capital Bancshares
TCBI
$4.32B
$810K ﹤0.01%
12,761
-5,900
-32% -$398K
FHI icon
894
Federated Hermes
FHI
$4.72B
$799K ﹤0.01%
23,549
-11,300
-32% -$360K
CDP icon
895
COPT Defense Properties
CDP
$4.21B
$791K ﹤0.01%
28,270
-13,300
-32% -$372K
ASB icon
896
Associated Banc-Corp
ASB
$5.91B
$789K ﹤0.01%
38,531
-18,100
-32% -$400K
GATX icon
897
GATX Corp
GATX
$6.27B
$789K ﹤0.01%
8,920
-4,100
-31% -$394K
NKTR icon
898
Nektar Therapeutics
NKTR
$2.58B
$789K ﹤0.01%
3,064
-1,434
-32% -$397K
FCFS icon
899
FirstCash
FCFS
$8.78B
$787K ﹤0.01%
10,298
-4,900
-32% -$371K
CNO icon
900
CNO Financial Group
CNO
$5.1B
$784K ﹤0.01%
33,179
-16,700
-33% -$427K
34 35
36
37 38

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.