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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
SHW icon
176
Sherwin-Williams
SHW
$89.8B
$17.4M 0.1%
63,847
+700
+1% +$192K
ILMN icon
177
Illumina
ILMN
$28.4B
$17.4M 0.1%
37,710
-720
-2% -$290K
CL icon
178
Colgate-Palmolive
CL
$74.4B
$17.3M 0.1%
212,636
-195,800
-48% -$16M
F icon
179
Ford
F
$55.7B
$17.3M 0.1%
1,163,653
-5,300
-0.5% -$70.5K
TSM icon
180
TSMC
TSM
$2.18T
$17.1M 0.1%
142,600
– –
ICE icon
181
Intercontinental Exchange
ICE
$84.4B
$16.8M 0.1%
141,510
+500
+0.4% +$57.5K
SPOT icon
182
Spotify
SPOT
$100B
$16.8M 0.1%
60,931
+21,000
+53% +$5.33M
NSC icon
183
Norfolk Southern
NSC
$75.1B
$16.7M 0.1%
62,911
-300
-0.5% -$82.8K
EW icon
184
Edwards Lifesciences
EW
$51.7B
$16.6M 0.1%
160,643
-600
-0.4% -$56.6K
FISV
185
Fiserv Inc
FISV
$27.9B
$16.6M 0.1%
155,258
+10,800
+7% +$1.26M
XLV icon
186
State Street Health Care Select Sector SPDR ETF
XLV
$42.7B
$16.6M 0.1%
131,628
-5,700
-4% -$699K
EXAS
187
DELISTED
Exact Sciences
EXAS
$16.4M 0.1%
132,204
– –
PGR icon
188
Progressive
PGR
$125B
$16.4M 0.1%
167,075
+4,200
+3% +$415K
GPN icon
189
Global Payments
GPN
$22.8B
$16.3M 0.1%
86,763
+2,700
+3% +$543K
SO icon
190
Southern Company
SO
$107B
$16.1M 0.09%
266,082
+900
+0.3% +$57.6K
ADI icon
191
Analog Devices
ADI
$190B
$16M 0.09%
92,703
+100
+0.1% +$16K
ETN icon
192
Eaton
ETN
$174B
$15.6M 0.09%
105,200
-800
-0.8% -$115K
BSX icon
193
Boston Scientific
BSX
$71.5B
$15.3M 0.09%
357,165
+1,500
+0.4% +$63.1K
REGN icon
194
Regeneron Pharmaceuticals
REGN
$80.8B
$15.2M 0.09%
27,192
– –
AON icon
195
Aon
AON
$76B
$15M 0.09%
62,924
– –
NXPI icon
196
NXP Semiconductors
NXPI
$60.4B
$15M 0.09%
72,900
-91,400
-56% -$18.3M
D icon
197
Dominion Energy
D
$59.3B
$14.9M 0.09%
202,723
+500
+0.2% +$38.6K
EMR icon
198
Emerson Electric
EMR
$88.3B
$14.5M 0.09%
150,804
-349,400
-70% -$32.9M
PTON icon
199
Peloton Interactive
PTON
$2.49B
$14.4M 0.08%
116,477
– –
HUM icon
200
Humana
HUM
$46.2B
$14.4M 0.08%
32,455
+100
+0.3% +$43.7K
6 7
8
9 10

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.