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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
PEB icon
901
Pebblebrook Hotel Trust
PEB
$2.05B
$780K ﹤0.01%
33,135
-15,500
-32% -$365K
RCM
902
DELISTED
R1 RCM Inc. Common Stock
RCM
$774K ﹤0.01%
+34,800
New +$840K
MAC icon
903
Macerich
MAC
$6.92B
$769K ﹤0.01%
42,149
+1,300
+3% +$19.5K
NWE icon
904
NorthWestern Energy
NWE
$4.43B
$768K ﹤0.01%
12,761
-6,000
-32% -$391K
GO icon
905
Grocery Outlet
GO
$980M
$759K ﹤0.01%
21,900
-10,200
-32% -$373K
CNX icon
906
CNX Resources
CNX
$5.2B
$758K ﹤0.01%
55,488
-25,900
-32% -$362K
KMT icon
907
Kennametal
KMT
$2.52B
$757K ﹤0.01%
21,067
-9,900
-32% -$388K
PSB
908
DELISTED
PS Business Parks, Inc.
PSB
$757K ﹤0.01%
5,109
-2,300
-31% -$361K
VSH icon
909
Vishay Intertechnology
VSH
$5.43B
$754K ﹤0.01%
33,426
-15,700
-32% -$377K
COLM icon
910
Columbia Sportswear
COLM
$2.94B
$753K ﹤0.01%
7,656
-3,700
-33% -$388K
AM icon
911
Antero Midstream
AM
$10.1B
$750K ﹤0.01%
72,190
-33,800
-32% -$323K
NWS icon
912
News Corp Class B
NWS
$17.5B
$746K ﹤0.01%
30,644
+100
+0.3% +$2.47K
CATY icon
913
Cathay General Bancorp
CATY
$4.24B
$742K ﹤0.01%
18,839
-8,800
-32% -$362K
SFM icon
914
Sprouts Farmers Market
SFM
$8.01B
$739K ﹤0.01%
29,743
-13,900
-32% -$371K
EBS icon
915
Emergent Biosolutions
EBS
$248M
$724K ﹤0.01%
11,500
-5,300
-32% -$340K
NUS icon
916
Nu Skin
NUS
$267M
$716K ﹤0.01%
12,635
-6,200
-33% -$353K
URBN icon
917
Urban Outfitters
URBN
$6.59B
$716K ﹤0.01%
17,366
-8,000
-32% -$302K
YELP icon
918
Yelp
YELP
$1.41B
$707K ﹤0.01%
17,697
-8,400
-32% -$333K
MLKN icon
919
MillerKnoll
MLKN
$1.67B
$700K ﹤0.01%
14,849
-7,000
-32% -$317K
CADE
920
DELISTED
Cadence Bank
CADE
$690K ﹤0.01%
24,344
-11,400
-32% -$346K
MTX icon
921
Minerals Technologies
MTX
$2.34B
$670K ﹤0.01%
8,515
-4,000
-32% -$323K
COTY icon
922
Coty
COTY
$2.48B
$667K ﹤0.01%
71,400
-33,700
-32% -$306K
PDCO
923
DELISTED
Patterson Companies, Inc.
PDCO
$665K ﹤0.01%
21,891
-10,300
-32% -$347K
WLY icon
924
John Wiley & Sons Class A
WLY
$2.66B
$662K ﹤0.01%
10,993
-5,100
-32% -$303K
WWE
925
DELISTED
World Wrestling Entertainment
WWE
$659K ﹤0.01%
11,377
-5,900
-34% -$335K
35 36
37
38 39

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.