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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
ADP icon
151
Automatic Data Processing
ADP
$108B
$22M 0.13%
110,754
-900
-0.8% -$175K
CI icon
152
Cigna
CI
$74.6B
$21.8M 0.13%
91,774
-2,500
-3% -$624K
TMUS icon
153
T-Mobile US
TMUS
$190B
$21.3M 0.13%
147,300
+700
+0.5% +$96.5K
CCI icon
154
Crown Castle
CCI
$32.2B
$21.2M 0.12%
108,607
+400
+0.4% +$74.9K
COP icon
155
ConocoPhillips
COP
$141B
$20.7M 0.12%
339,198
-800
-0.2% -$44.6K
TJX icon
156
TJX Companies
TJX
$178B
$20.4M 0.12%
303,145
+1,800
+0.6% +$123K
PNC icon
157
PNC Financial Services
PNC
$101B
$20.4M 0.12%
106,847
+400
+0.4% +$75.1K
FDX icon
158
FedEx
FDX
$75.4B
$19.6M 0.12%
65,787
– –
EDIT icon
159
Editas Medicine
EDIT
$442M
$19.5M 0.11%
343,721
– –
SPNT icon
160
SiriusPoint
SPNT
$2.68B
$19.4M 0.11%
1,930,000
– –
ATVI
161
DELISTED
Activision Blizzard
ATVI
$19.4M 0.11%
203,542
+4,400
+2% +$417K
USB icon
162
US Bancorp
USB
$99.6B
$19.4M 0.11%
340,799
-2,300
-0.7% -$135K
CME icon
163
CME Group
CME
$94.8B
$19.2M 0.11%
90,289
+200
+0.2% +$42.2K
DUK icon
164
Duke Energy
DUK
$97.3B
$19.1M 0.11%
193,370
+500
+0.3% +$50.2K
TFC icon
165
Truist Financial
TFC
$64B
$18.8M 0.11%
338,126
– –
EL icon
166
Estee Lauder
EL
$32B
$18.5M 0.11%
58,301
+600
+1% +$182K
COF icon
167
Capital One
COF
$134B
$18.5M 0.11%
119,404
-2,800
-2% -$422K
CSX icon
168
CSX Corp
CSX
$93.1B
$18.3M 0.11%
571,269
-2,700
-0.5% -$89K
TCPC icon
169
BlackRock TCP Capital
TCPC
$345M
$18.2M 0.11%
1,320,000
-228,039
-15% -$3.3M
EQIX icon
170
Equinix
EQIX
$103B
$18.1M 0.11%
22,490
+100
+0.4% +$74.3K
SSYS icon
171
Stratasys
SSYS
$774M
$18M 0.11%
697,503
– –
MRSH
172
Marsh
MRSH
$91.5B
$18M 0.11%
127,836
+300
+0.2% +$40.2K
CB icon
173
Chubb
CB
$135B
$18M 0.11%
113,039
– –
BDX icon
174
Becton Dickinson
BDX
$48.2B
$17.8M 0.1%
74,924
+205
+0.3% +$49.1K
ITW icon
175
Illinois Tool Works
ITW
$84.5B
$17.5M 0.1%
78,143
-300
-0.4% -$68.7K
5 6
7
8 9

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.