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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
FULT icon
926
Fulton Financial
FULT
$4.64B
$647K ﹤0.01%
41,020
-19,100
-32% -$325K
AMKR icon
927
Amkor Technology
AMKR
$13.7B
$641K ﹤0.01%
27,100
-12,600
-32% -$280K
TPH
928
DELISTED
Tri Pointe Homes
TPH
$639K ﹤0.01%
29,837
-14,300
-32% -$327K
WERN icon
929
Werner Enterprises
WERN
$2.25B
$639K ﹤0.01%
14,363
-6,800
-32% -$318K
ENR icon
930
Energizer
ENR
$1.55B
$629K ﹤0.01%
14,636
-6,900
-32% -$323K
THS
931
DELISTED
Treehouse Foods
THS
$629K ﹤0.01%
14,135
-6,600
-32% -$326K
GHC icon
932
Graham Holdings Company
GHC
$5.02B
$624K ﹤0.01%
984
-500
-34% -$322K
JACK icon
933
Jack in the Box
JACK
$335M
$623K ﹤0.01%
5,588
-2,900
-34% -$339K
IBOC icon
934
International Bancshares
IBOC
$4.57B
$602K ﹤0.01%
14,029
-6,600
-32% -$308K
CNK icon
935
Cinemark Holdings
CNK
$4.32B
$601K ﹤0.01%
27,396
-12,600
-32% -$279K
NEU icon
936
NewMarket
NEU
$8.18B
$601K ﹤0.01%
1,868
-800
-30% -$280K
BILL icon
937
BILL Holdings
BILL
$4.78B
$600K ﹤0.01%
+3,277
New +$514K
HCSG icon
938
Healthcare Services Group
HCSG
$1.53B
$593K ﹤0.01%
18,788
-8,700
-32% -$264K
TREE icon
939
LendingTree
TREE
$451M
$586K ﹤0.01%
2,768
-1,300
-32% -$273K
WAFD icon
940
WaFd
WAFD
$2.75B
$580K ﹤0.01%
18,252
-9,300
-34% -$303K
DY icon
941
Dycom Industries
DY
$12.3B
$577K ﹤0.01%
7,741
-3,600
-32% -$310K
BDC icon
942
Belden
BDC
$5.19B
$572K ﹤0.01%
11,314
-4,900
-30% -$239K
TDS icon
943
Telephone and Data Systems
TDS
$3.75B
$568K ﹤0.01%
25,074
-11,800
-32% -$288K
FLR icon
944
Fluor
FLR
$7.96B
$561K ﹤0.01%
31,685
-14,700
-32% -$303K
PGNY icon
945
Progyny
PGNY
$2.2B
$555K ﹤0.01%
+9,400
New +$528K
LGND icon
946
Ligand Pharmaceuticals
LGND
$6.36B
$554K ﹤0.01%
6,765
-3,045
-31% -$253K
OPLN
947
Openlane
OPLN
$4.54B
$551K ﹤0.01%
31,390
-15,700
-33% -$266K
TRN icon
948
Trinity Industries
TRN
$2.38B
$549K ﹤0.01%
20,427
-10,000
-33% -$282K
WOR icon
949
Worthington Enterprises
WOR
$2.86B
$539K ﹤0.01%
14,278
-6,488
-31% -$263K
NTCT icon
950
NETSCOUT
NTCT
$2.79B
$530K ﹤0.01%
18,587
-8,600
-32% -$244K
36 37
38
39 40

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.