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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
UE icon
951
Urban Edge Properties
UE
$2.73B
$530K ﹤0.01%
27,754
-12,200
-31% -$230K
CMP icon
952
Compass Minerals
CMP
$1.15B
$506K ﹤0.01%
8,541
-4,000
-32% -$265K
WKC icon
953
World Kinect Corp
WKC
$1.86B
$504K ﹤0.01%
15,887
-7,500
-32% -$249K
TRMK icon
954
Trustmark
TRMK
$2.75B
$493K ﹤0.01%
15,992
-7,500
-32% -$248K
STRA icon
955
Strategic Education
STRA
$1.92B
$472K ﹤0.01%
6,200
-2,700
-30% -$215K
CVSA
956
Covista Inc
CVSA
$4.8B
$444K ﹤0.01%
12,445
-6,100
-33% -$229K
WW
957
DELISTED
WW International
WW
$437K ﹤0.01%
12,082
-5,500
-31% -$189K
MCY icon
958
Mercury Insurance
MCY
$6.07B
$433K ﹤0.01%
6,667
-3,200
-32% -$203K
GEF icon
959
Greif
GEF
$5.04B
$404K ﹤0.01%
6,678
-3,100
-32% -$190K
PCG icon
960
PG&E
PCG
$38.5B
$357K ﹤0.01%
35,100
+1,900
+6% +$20.4K
VEEV icon
961
Veeva Systems
VEEV
$37.4B
$311K ﹤0.01%
1,000
+200
+25% +$55.8K
FNF icon
962
Fidelity National Financial
FNF
$13.5B
$309K ﹤0.01%
7,384
+1,040
+16% +$45.4K
ON icon
963
ON Semiconductor
ON
$31.6B
$291K ﹤0.01%
7,600
-2,400
-24% -$94.2K
PPC icon
964
Pilgrim's Pride
PPC
$6.54B
$272K ﹤0.01%
12,250
-5,800
-32% -$138K
ALLY icon
965
Ally Financial
ALLY
$13.3B
$264K ﹤0.01%
5,300
-1,300
-20% -$66.7K
EQH icon
966
Equitable Holdings
EQH
$14.1B
$247K ﹤0.01%
8,100
-700
-8% -$22.8K
LBTYK icon
967
Liberty Global Class C
LBTYK
$3.49B
$246K ﹤0.01%
+9,100
New +$245K
SSNC icon
968
SS&C Technologies
SSNC
$18.6B
$238K ﹤0.01%
+3,300
New +$241K
NLY icon
969
Annaly Capital Management
NLY
$17.4B
$197K ﹤0.01%
5,550
+50
+0.9% +$1.82K
AFRM icon
970
Affirm
AFRM
$25.2B
– –
-48,636
Closed -$3.44M
AVNS
971
DELISTED
Avanos Medical
AVNS
– –
-17,776
Closed -$778K
CRWD icon
972
CrowdStrike
CRWD
$218B
– –
-26,260
Closed -$1.2M
CVAC
973
DELISTED
CureVac
CVAC
– –
-68,640
Closed -$6.28M
DASH icon
974
DoorDash
DASH
$93.7B
– –
-20,826
Closed -$2.73M
FROG icon
975
JFrog
FROG
$10.8B
– –
-19,918
Closed -$884K
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.