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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
WMT icon
76
Walmart Inc
WMT
$890B
$51.1M 0.3%
1,087,773
+43,800
+4% +$2.04M
CVX icon
77
Chevron
CVX
$366B
$50.9M 0.3%
485,868
+2,400
+0.5% +$253K
BIIB icon
78
Biogen
BIIB
$30.7B
$50.4M 0.3%
145,683
-76,300
-34% -$23.1M
OTIS icon
79
Otis Worldwide
OTIS
$28.2B
$49.9M 0.29%
610,771
+508,500
+497% +$39.1M
BRK.A icon
80
Berkshire Hathaway Class A
BRK.A
$1.12T
$48.6M 0.29%
116
– –
SNAP icon
81
Snap
SNAP
$9.01B
$48M 0.28%
704,370
– –
LLY icon
82
Eli Lilly
LLY
$1.06T
$47.7M 0.28%
207,894
+8,200
+4% +$1.65M
NOW icon
83
ServiceNow
NOW
$129B
$47M 0.28%
428,000
+17,000
+4% +$1.72M
CMG icon
84
Chipotle Mexican Grill
CMG
$41.5B
$46.7M 0.27%
1,506,250
+5,000
+0.3% +$143K
TXN icon
85
Texas Instruments
TXN
$261B
$46.3M 0.27%
240,929
+100
+0% +$18.7K
COST icon
86
Costco
COST
$420B
$46.3M 0.27%
116,905
+5,800
+5% +$2.19M
SWK icon
87
Stanley Black & Decker
SWK
$15.7B
$45M 0.26%
219,768
+179,400
+444% +$37.2M
CTSH icon
88
Cognizant
CTSH
$26B
$44.6M 0.26%
643,769
-400
-0.1% -$29.8K
MCD icon
89
McDonald's
MCD
$195B
$43.3M 0.25%
187,563
+400
+0.2% +$93.1K
RVTY icon
90
Revvity
RVTY
$12.8B
$43.2M 0.25%
280,070
+251,900
+894% +$35.4M
DHR icon
91
Danaher
DHR
$144B
$42.8M 0.25%
179,959
+564
+0.3% +$125K
KEYS icon
92
Keysight
KEYS
$58.3B
$42.7M 0.25%
276,302
+39,600
+17% +$5.75M
FHN icon
93
First Horizon
FHN
$12.1B
$42.2M 0.25%
2,440,804
+2,235,100
+1,087% +$40.6M
MDT icon
94
Medtronic
MDT
$112B
$42M 0.25%
338,237
-100
-0% -$12.6K
ZTS icon
95
Zoetis
ZTS
$30B
$41.5M 0.24%
222,742
-49,200
-18% -$8.54M
LH icon
96
Labcorp
LH
$25.9B
$40.5M 0.24%
170,930
-96,146
-36% -$21.9M
C icon
97
Citigroup
C
$226B
$39.5M 0.23%
557,714
-3,800
-0.7% -$281K
MCO icon
98
Moody's
MCO
$82.7B
$39.4M 0.23%
108,848
-2,500
-2% -$832K
LDOS icon
99
Leidos
LDOS
$17.3B
$39.3M 0.23%
388,977
+400
+0.1% +$41.1K
FMC icon
100
FMC
FMC
$1.33B
$38.4M 0.23%
354,867
-100
-0% -$11.6K
2 3
4
5 6

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.