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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
+7.59%
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
$15.8B
AUM Growth
+$1.16B
Cap. Flow
+$291M
Cap. Flow %
1.84%
Top 10 Hldgs %
23.66%
Holding
992
New
29
Increased
471
Reduced
331
Closed
17

Top Buys

Rank Stock Value
1
T icon
AT&T
T
+$126M
2
BMY icon
Bristol-Myers Squibb
BMY
+$99.7M
3
VZ icon
Verizon
VZ
+$97.5M
4
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$77.6M
5
VST icon
Vistra
VST
+$59.6M

Top Sells

Rank Stock Value
1
PINS icon
Pinterest
PINS
+$83.5M
2
SYK icon
Stryker
SYK
+$45.7M
3
USB icon
US Bancorp
USB
+$43.5M
4
DG icon
Dollar General
DG
+$31.8M
5
V icon
Visa
V
+$31.5M

Sector Composition

Rank Sector Weight
1 Technology 21.72%
2 Healthcare 13.72%
3 Financials 12.03%
4 Consumer Discretionary 9.97%
5 Communication Services 9.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.5T
$700M 4.43%
5,729,754
-228,200
-4% -$29.3M
MSFT icon
2
Microsoft
MSFT
$3.76T
$590M 3.73%
2,501,525
+11,700
+0.5% +$2.71M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$501M 3.17%
1,264,350
+35,600
+3% +$13.7M
AMZN icon
4
Amazon
AMZN
$3T
$422M 2.67%
2,728,540
+49,120
+2% +$7.79M
LQD icon
5
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
$332M 2.1%
2,553,900
+583,400
+30% +$77.6M
AGG icon
6
iShares Core US Aggregate Bond ETF
AGG
$137B
$301M 1.9%
2,641,500
+418,200
+19% +$48.4M
BMY icon
7
Bristol-Myers Squibb
BMY
$132B
$246M 1.55%
3,894,143
+1,603,100
+70% +$99.7M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.37T
$227M 1.44%
2,205,580
+138,000
+7% +$13.6M
VZ icon
9
Verizon
VZ
$195B
$213M 1.34%
3,655,535
+1,728,000
+90% +$97.5M
META icon
10
Meta Platforms (Facebook)
META
$1.52T
$210M 1.33%
714,057
-7,700
-1% -$2.07M
ATH
11
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$197M 1.24%
3,903,000
– –
T icon
12
AT&T
T
$165B
$192M 1.22%
8,408,474
+5,690,552
+209% +$126M
SPG icon
13
Simon Property Group
SPG
$71.5B
$192M 1.21%
1,683,435
– –
BRK.B icon
14
Berkshire Hathaway Class B
BRK.B
$1.14T
$164M 1.04%
643,662
+200
+0% +$48.6K
JNJ icon
15
Johnson & Johnson
JNJ
$631B
$157M 1%
958,087
-2,200
-0.2% -$356K
GOOG icon
16
Alphabet (Google) Class C
GOOG
$4.35T
$151M 0.96%
1,463,220
-12,000
-0.8% -$1.19M
HD icon
17
Home Depot
HD
$350B
$150M 0.95%
490,456
+34,400
+8% +$9.48M
PYPL icon
18
PayPal
PYPL
$50.5B
$133M 0.84%
548,920
+19,300
+4% +$4.87M
UGI icon
19
UGI
UGI
$7.29B
$129M 0.81%
3,141,108
+1,300
+0% +$50.2K
TSLA icon
20
Tesla
TSLA
$1.31T
$129M 0.81%
578,100
+6,000
+1% +$1.51M
CVS icon
21
CVS Health
CVS
$122B
$126M 0.79%
1,669,963
-100
-0% -$7.28K
CMCSA icon
22
Comcast
CMCSA
$89.4B
$123M 0.78%
2,281,146
-900
-0% -$47.5K
TMO icon
23
Thermo Fisher Scientific
TMO
$222B
$123M 0.78%
268,618
-800
-0.3% -$382K
V icon
24
Visa
V
$675B
$122M 0.77%
574,349
-149,600
-21% -$31.5M
AMAT icon
25
Applied Materials
AMAT
$415B
$121M 0.76%
903,724
+700
+0.1% +$77.2K
1
2 3 4 5

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
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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q1 2021 Portfolio in Review

As of Q1 2021, State of Michigan Retirement System held 992 positions worth $15.8B, up 7.9% from $14.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q1 2021: portfolio turnover was 4.6%. State of Michigan Retirement System opened 29 new positions and exited 17, leaving the 992-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 23% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q1 2021 buy was DraftKings: 245,000 shares worth $15M.
  • State of Michigan Retirement System added most to AT&T in Q1 2021, an estimated $126M increase.
  • State of Michigan Retirement System's biggest Q1 2021 reduction was Stryker, cutting an estimated $45.7M.
  • State of Michigan Retirement System fully exited Pinterest in Q1 2021, selling an estimated $83.5M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $15.8B portfolio in Q1 2021.
  • State of Michigan Retirement System opened 29 new positions and closed 17 in Q1 2021.
  • State of Michigan Retirement System's portfolio value rose 7.9% quarter-over-quarter to $15.8B.

Based on State of Michigan Retirement System's 13F filing for Q1 2021, filed 3 May 2021.