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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
ZM icon
226
Zoom
ZM
$31.3B
$10.8M 0.07%
33,466
+25,110
+301% +$9.24M
SPOT icon
227
Spotify
SPOT
$105B
$10.7M 0.07%
39,931
– –
BAX icon
228
Baxter International
BAX
$14.4B
$10.7M 0.07%
126,755
-1,700
-1% -$135K
ROP icon
229
Roper Technologies
ROP
$40.1B
$10.6M 0.07%
26,347
– –
AEP icon
230
American Electric Power
AEP
$67B
$10.6M 0.07%
124,623
-200
-0.2% -$16.1K
IDXX icon
231
Idexx Laboratories
IDXX
$47.1B
$10.5M 0.07%
21,454
– –
MCHP icon
232
Microchip Technology
MCHP
$44.1B
$10.5M 0.07%
135,094
+4,200
+3% +$313K
DD icon
233
DuPont de Nemours
DD
$19.3B
$10.4M 0.07%
107,678
-39,328
-27% -$3.77M
PH icon
234
Parker-Hannifin
PH
$134B
$10.2M 0.06%
32,428
– –
RPT
235
Rithm Property Trust
RPT
$95.6M
$10.2M 0.06%
155,252
– –
SYY icon
236
Sysco
SYY
$40.4B
$10.1M 0.06%
128,112
– –
SRE icon
237
Sempra
SRE
$55.6B
$10.1M 0.06%
151,976
+6,800
+5% +$423K
EA
238
DELISTED
Electronic Arts
EA
$10M 0.06%
74,152
-800
-1% -$111K
DLR icon
239
Digital Realty Trust
DLR
$70.6B
$9.93M 0.06%
70,522
+100
+0.1% +$13.8K
APH icon
240
Amphenol
APH
$208B
$9.92M 0.06%
300,792
– –
TT icon
241
Trane Technologies
TT
$105B
$9.9M 0.06%
59,815
-600
-1% -$92.9K
MAR icon
242
Marriott International
MAR
$90.3B
$9.89M 0.06%
66,810
-100
-0.1% -$13.7K
CDNS icon
243
Cadence Design Systems
CDNS
$93.1B
$9.88M 0.06%
72,154
-100
-0.1% -$13.4K
BNY
244
Bank of New York Mellon
BNY
$108B
$9.82M 0.06%
207,709
-2,500
-1% -$110K
CNC icon
245
Centene
CNC
$32.8B
$9.78M 0.06%
152,980
+200
+0.1% +$12.4K
STZ icon
246
Constellation Brands
STZ
$22.9B
$9.73M 0.06%
42,687
+100
+0.2% +$22.5K
PRU icon
247
Prudential Financial
PRU
$41.9B
$9.7M 0.06%
106,521
– –
EVLO
248
DELISTED
Evelo Biosciences, Inc. Common Stock
EVLO
$9.63M 0.06%
+45,000
New +$12.4M
SLB icon
249
SLB Ltd
SLB
$78.1B
$9.54M 0.06%
350,946
+900
+0.3% +$23.7K
TRV icon
250
Travelers Companies
TRV
$78.7B
$9.53M 0.06%
63,345
-400
-0.6% -$58.8K
8 9
10
11 12

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.