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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
CTAS icon
301
Cintas
CTAS
$80.8B
$7.55M 0.05%
88,484
– –
LYB icon
302
LyondellBasell Industries
LYB
$20.2B
$7.53M 0.05%
72,370
-100
-0.1% -$9.93K
WELL icon
303
Welltower
WELL
$169B
$7.51M 0.05%
104,796
-100
-0.1% -$6.71K
ES icon
304
Eversource Energy
ES
$26.7B
$7.46M 0.05%
86,093
-100
-0.1% -$8.49K
WTW icon
305
Willis Towers Watson
WTW
$31.9B
$7.42M 0.05%
32,411
– –
STT icon
306
State Street
STT
$51.4B
$7.42M 0.05%
88,267
-400
-0.5% -$31K
WEC icon
307
WEC Energy
WEC
$34.6B
$7.41M 0.05%
79,210
-100
-0.1% -$8.72K
AME icon
308
Ametek
AME
$58.1B
$7.39M 0.05%
57,863
– –
ANSS
309
DELISTED
Ansys
ANSS
$7.39M 0.05%
21,754
+200
+0.9% +$71K
DFS
310
DELISTED
Discover Financial Services
DFS
$7.31M 0.05%
76,978
-100
-0.1% -$9.43K
SIVB
311
DELISTED
SVB Financial Group
SIVB
$7.29M 0.05%
14,772
+500
+4% +$246K
FRC
312
DELISTED
First Republic Bank
FRC
$7.29M 0.05%
43,712
– –
RMD icon
313
ResMed
RMD
$31.9B
$7.26M 0.05%
37,425
+100
+0.3% +$20.1K
WMB icon
314
Williams Companies
WMB
$87.8B
$7.22M 0.05%
304,651
-500
-0.2% -$11.4K
VRSK icon
315
Verisk Analytics
VRSK
$23.5B
$7.21M 0.05%
40,828
-100
-0.2% -$18.3K
EWT icon
316
iShares MSCI Taiwan ETF
EWT
$11B
$7.08M 0.04%
118,008
– –
OTIS icon
317
Otis Worldwide
OTIS
$27.6B
$7M 0.04%
102,271
-100
-0.1% -$6.54K
BALL icon
318
Ball Corp
BALL
$16.5B
$6.97M 0.04%
82,281
– –
MTD icon
319
Mettler-Toledo International
MTD
$28.7B
$6.96M 0.04%
6,025
-200
-3% -$232K
AWK icon
320
American Water Works
AWK
$26.9B
$6.83M 0.04%
45,532
-100
-0.2% -$15.2K
AVB icon
321
AvalonBay Communities
AVB
$26.2B
$6.78M 0.04%
36,750
-100
-0.3% -$17.5K
URI icon
322
United Rentals
URI
$70.8B
$6.77M 0.04%
20,562
– –
DLTR icon
323
Dollar Tree
DLTR
$25B
$6.75M 0.04%
58,985
-200
-0.3% -$21.5K
WY icon
324
Weyerhaeuser
WY
$18.2B
$6.68M 0.04%
187,669
– –
ICLR icon
325
Icon
ICLR
$12.9B
$6.57M 0.04%
33,470
– –
11 12
13
14 15

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.