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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
HLT icon
276
Hilton Worldwide
HLT
$70.1B
$8.42M 0.05%
69,650
-100
-0.1% -$11.6K
ZBH icon
277
Zimmer Biomet
ZBH
$18.5B
$8.35M 0.05%
53,698
– –
SWKS icon
278
Skyworks Solutions
SWKS
$10.4B
$8.3M 0.05%
45,220
-300
-0.7% -$52.1K
PXD
279
DELISTED
Pioneer Natural Resource Co.
PXD
$8.2M 0.05%
51,616
+10,300
+25% +$1.46M
PAYX icon
280
Paychex
PAYX
$42.9B
$8.19M 0.05%
83,544
+100
+0.1% +$9.21K
YUM icon
281
Yum! Brands
YUM
$40.1B
$8.14M 0.05%
75,295
-600
-0.8% -$63.5K
LEN icon
282
Lennar Class A
LEN
$20.7B
$8.1M 0.05%
82,652
-310
-0.4% -$26.1K
SWK icon
283
Stanley Black & Decker
SWK
$15.5B
$8.06M 0.05%
40,368
+100
+0.2% +$18.1K
TDG icon
284
TransDigm Group
TDG
$67.7B
$8.04M 0.05%
13,676
– –
QUAL icon
285
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$7.99M 0.05%
65,600
+20,100
+44% +$2.37M
ADM icon
286
Archer Daniels Midland
ADM
$38.7B
$7.99M 0.05%
140,108
+200
+0.1% +$11K
CBRE icon
287
CBRE Group
CBRE
$41.8B
$7.98M 0.05%
100,857
-100
-0.1% -$7.07K
MSI icon
288
Motorola Solutions
MSI
$76.8B
$7.98M 0.05%
42,431
-200
-0.5% -$35.7K
RUBY
289
DELISTED
Rubius Therapeutics, Inc
RUBY
$7.95M 0.05%
+300,000
New +$4.38M
XLNX
290
DELISTED
Xilinx Inc
XLNX
$7.87M 0.05%
63,537
– –
AZO icon
291
AutoZone
AZO
$50.1B
$7.79M 0.05%
5,551
-300
-5% -$371K
KR icon
292
Kroger
KR
$34.8B
$7.79M 0.05%
216,557
-3,700
-2% -$126K
FAST icon
293
Fastenal
FAST
$59.7B
$7.77M 0.05%
308,944
-400
-0.1% -$9.57K
PARA
294
DELISTED
Paramount Global Class B
PARA
$7.75M 0.05%
171,787
+5,400
+3% +$330K
ROK icon
295
Rockwell Automation
ROK
$48.6B
$7.73M 0.05%
29,129
-100
-0.3% -$25.5K
DAL icon
296
Delta Air Lines
DAL
$58.9B
$7.73M 0.05%
160,130
-200
-0.1% -$8.85K
PEG icon
297
Public Service Enterprise Group
PEG
$37.3B
$7.63M 0.05%
126,757
-400
-0.3% -$23.1K
VLO icon
298
Valero Energy
VLO
$90.6B
$7.63M 0.05%
106,559
– –
SBAC icon
299
SBA Communications
SBAC
$19.2B
$7.62M 0.05%
27,441
-500
-2% -$132K
AMP icon
300
Ameriprise Financial
AMP
$49.3B
$7.61M 0.05%
32,749
-300
-0.9% -$64.9K
10 11
12
13 14

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.