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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
HON icon
101
Honeywell
HON
$78B
$38.3M 0.22%
185,277
-11,035
-6% -$2.33M
UPS icon
102
United Parcel Service
UPS
$88.9B
$37.8M 0.22%
181,819
+1,200
+0.7% +$240K
LIN icon
103
Linde
LIN
$226B
$37.8M 0.22%
130,764
-500
-0.4% -$146K
CDK
104
DELISTED
CDK Global, Inc.
CDK
$36.8M 0.22%
739,727
+694,600
+1,539% +$36.8M
UNP icon
105
Union Pacific
UNP
$174B
$36.7M 0.22%
166,948
-1,200
-0.7% -$267K
AMGN icon
106
Amgen
AMGN
$222B
$36.3M 0.21%
149,082
-69,800
-32% -$17.2M
NEE icon
107
NextEra Energy
NEE
$177B
$36.1M 0.21%
493,060
+1,200
+0.2% +$90.1K
IBM icon
108
IBM
IBM
$224B
$36.1M 0.21%
257,758
-317,671
-55% -$43.4M
TGT icon
109
Target
TGT
$68B
$35.7M 0.21%
147,643
-200
-0.1% -$43.8K
ORCL icon
110
Oracle
ORCL
$423B
$35.5M 0.21%
456,628
-789,900
-63% -$61.8M
APD icon
111
Air Products & Chemicals
APD
$67.6B
$35.5M 0.21%
123,385
+400
+0.3% +$117K
GLOB icon
112
Globant
GLOB
$1.61B
$35M 0.21%
159,600
– –
BLK icon
113
Blackrock
BLK
$176B
$34.7M 0.2%
39,698
+400
+1% +$338K
RTX icon
114
RTX Corp
RTX
$301B
$34.4M 0.2%
403,242
+7,000
+2% +$589K
A icon
115
Agilent Technologies
A
$41.2B
$34M 0.2%
230,306
+100
+0% +$13.6K
BR icon
116
Broadridge
BR
$19B
$33.9M 0.2%
210,139
+181,100
+624% +$28.9M
FTNT icon
117
Fortinet
FTNT
$117B
$33.8M 0.2%
710,125
+533,000
+301% +$22.8M
TWTR
118
DELISTED
Twitter, Inc.
TWTR
$33.2M 0.19%
482,256
+300
+0.1% +$18.4K
SBUX icon
119
Starbucks
SBUX
$120B
$33.1M 0.19%
296,242
+800
+0.3% +$90.4K
BA icon
120
Boeing
BA
$185B
$33.1M 0.19%
138,171
+500
+0.4% +$121K
FOX icon
121
Fox Class B
FOX
$23.9B
$32.9M 0.19%
936,001
+893,200
+2,087% +$32.3M
MMM icon
122
3M
MMM
$94.3B
$30.9M 0.18%
186,186
+1,794
+1% +$299K
AMT icon
123
American Tower
AMT
$80.4B
$30.9M 0.18%
114,295
+2,800
+3% +$714K
MAS icon
124
Masco
MAS
$15.3B
$30.7M 0.18%
521,654
-304,100
-37% -$18.7M
CAT icon
125
Caterpillar
CAT
$387B
$30M 0.18%
137,676
+800
+0.6% +$185K
3 4
5
6 7

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.