We are live on ! Find out more
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
NOC icon
201
Northrop Grumman
NOC
$81.2B
$14.3M 0.08%
39,333
-600
-2% -$216K
IDXX icon
202
Idexx Laboratories
IDXX
$46.2B
$14.2M 0.08%
22,554
+1,100
+5% +$607K
DKNG icon
203
DraftKings
DKNG
$11.9B
$14.1M 0.08%
270,000
+25,000
+10% +$1.32M
WM icon
204
Waste Management
WM
$91B
$13.7M 0.08%
97,674
– –
FCX icon
205
Freeport-McMoran
FCX
$97.5B
$13.7M 0.08%
368,463
+2,400
+0.7% +$93.5K
HCA icon
206
HCA Healthcare
HCA
$89.5B
$13.7M 0.08%
66,082
-500
-0.8% -$102K
AZEK
207
DELISTED
The AZEK Co
AZEK
$13.6M 0.08%
320,000
– –
PLTR icon
208
Palantir
PLTR
$413B
$13.5M 0.08%
513,000
+20,000
+4% +$463K
EOG icon
209
EOG Resources
EOG
$70.7B
$13.3M 0.08%
158,824
+4,600
+3% +$364K
JCI icon
210
Johnson Controls International
JCI
$92.2B
$13.1M 0.08%
191,485
-1,800
-0.9% -$116K
VRTX icon
211
Vertex Pharmaceuticals
VRTX
$126B
$13.1M 0.08%
65,034
-200
-0.3% -$41.8K
KLAC icon
212
KLA
KLAC
$259B
$12.9M 0.08%
397,930
-4,000
-1% -$128K
PSA icon
213
Public Storage
PSA
$61.3B
$12.9M 0.08%
42,900
-900
-2% -$252K
ECL icon
214
Ecolab
ECL
$79.9B
$12.9M 0.08%
62,495
-2,800
-4% -$609K
DG icon
215
Dollar General
DG
$27.9B
$12.9M 0.08%
59,408
-2,100
-3% -$441K
TROW icon
216
T. Rowe Price
TROW
$24.3B
$12.8M 0.08%
64,738
+400
+0.6% +$74.8K
EBAY icon
217
eBay
EBAY
$49.8B
$12.8M 0.08%
182,242
-718,300
-80% -$45M
NEM icon
218
Newmont
NEM
$119B
$12.8M 0.07%
201,426
+600
+0.3% +$40.2K
REZI icon
219
Resideo Technologies
REZI
$3.95B
$12.7M 0.07%
+423,800
New +$12.5M
ROP icon
220
Roper Technologies
ROP
$39.8B
$12.4M 0.07%
26,447
+100
+0.4% +$44.2K
ZM icon
221
Zoom
ZM
$30.6B
$12.4M 0.07%
32,066
-1,400
-4% -$466K
EVLO
222
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
$12.4M 0.07%
45,000
– –
DAVA icon
223
Endava
DAVA
$156M
$12.2M 0.07%
108,000
-90,000
-45% -$8.7M
RPT
224
Rithm Property Trust
RPT
$93.7M
$12.1M 0.07%
155,252
– –
EXC icon
225
Exelon
EXC
$47B
$11.9M 0.07%
378,101
-3,786
-1% -$122K
7 8
9
10 11

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.