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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
CACI icon
126
CACI
CACI
$14.2B
$29.9M 0.18%
117,283
+107,900
+1,150% +$27.8M
GE icon
127
GE Aerospace
GE
$384B
$29.7M 0.17%
442,763
-9,691
-2% -$647K
SNX icon
128
TD Synnex
SNX
$20.2B
$29.4M 0.17%
241,107
+225,800
+1,475% +$27.8M
ZD icon
129
Ziff Davis
ZD
$1.98B
$29.2M 0.17%
244,234
+226,205
+1,255% +$24.9M
MU icon
130
Micron Technology
MU
$991B
$27.8M 0.16%
326,963
-8,800
-3% -$743K
HOLX
131
DELISTED
Hologic
HOLX
$27.8M 0.16%
416,120
+351,500
+544% +$23.5M
DE icon
132
Deere & Co
DE
$168B
$27.6M 0.16%
78,389
-300
-0.4% -$110K
SCHW
133
Charles Schwab
SCHW
$187B
$27.5M 0.16%
377,040
+1,400
+0.4% +$99.1K
ISRG icon
134
Intuitive Surgical
ISRG
$134B
$27.4M 0.16%
89,421
-900
-1% -$252K
PRGS icon
135
Progress Software
PRGS
$1.76B
$27M 0.16%
+583,400
New +$26.4M
XLF icon
136
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
$26.8M 0.16%
730,417
+44,300
+6% +$1.62M
SFIX
137
Stitch Fix
SFIX
$560M
$25.7M 0.15%
426,983
-80,000
-16% -$4.1M
BABA icon
138
Alibaba
BABA
$308B
$25M 0.15%
110,250
– –
CHTR icon
139
Charter Communications
CHTR
$18.2B
$25M 0.15%
34,616
-900
-3% -$606K
ELV icon
140
Elevance Health
ELV
$85.5B
$24.5M 0.14%
64,210
-200
-0.3% -$76.4K
MBB icon
141
iShares MBS ETF
MBB
$39.1B
$24.4M 0.14%
225,800
– –
LRCX icon
142
Lam Research
LRCX
$390B
$24.1M 0.14%
370,850
-32,000
-8% -$2.02M
GPMT
143
Granite Point Mortgage Trust
GPMT
$61.2M
$23.6M 0.14%
1,600,000
– –
FIS icon
144
Fidelity National Information Services
FIS
$22.1B
$23.4M 0.14%
165,233
+3,200
+2% +$475K
EFC
145
Ellington Financial
EFC
$1.71B
$23.3M 0.14%
1,218,930
-243,848
-17% -$4.51M
ALGT icon
146
Allegiant Air
ALGT
$2.57B
$23.3M 0.14%
120,000
+85,000
+243% +$19M
PLD icon
147
Prologis
PLD
$133B
$23.1M 0.14%
193,344
-1,300
-0.7% -$152K
GM icon
148
General Motors
GM
$76.8B
$22.7M 0.13%
383,462
-10,200
-3% -$600K
BKNG icon
149
Booking.com
BKNG
$161B
$22.5M 0.13%
257,600
-32,500
-11% -$3.03M
MDLZ icon
150
Mondelez International
MDLZ
$79.9B
$22M 0.13%
353,103
-1,300
-0.4% -$80.1K
4 5
6
7 8

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.