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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
QRVO icon
351
Qorvo
QRVO
$8.56B
$5.77M 0.04%
31,563
-35,200
-53% -$6.18M
IP icon
352
International Paper
IP
$21.9B
$5.67M 0.04%
110,636
-211
-0.2% -$10.3K
OKE icon
353
Oneok
OKE
$56.9B
$5.66M 0.04%
111,709
– –
CPAY icon
354
Corpay
CPAY
$26.2B
$5.63M 0.04%
20,954
– –
TSCO icon
355
Tractor Supply
TSCO
$18B
$5.61M 0.04%
158,445
-500
-0.3% -$16K
VMC icon
356
Vulcan Materials
VMC
$37B
$5.61M 0.04%
33,239
-100
-0.3% -$16.2K
OXY icon
357
Occidental Petroleum
OXY
$58.6B
$5.6M 0.04%
210,462
-300
-0.1% -$7.5K
EIX icon
358
Edison International
EIX
$26.1B
$5.58M 0.04%
95,196
– –
MKC icon
359
McCormick & Company Non-Voting
MKC
$14.3B
$5.57M 0.04%
62,502
– –
EFX icon
360
Equifax
EFX
$21.3B
$5.54M 0.04%
30,581
– –
CERN
361
DELISTED
Cerner Corp
CERN
$5.53M 0.04%
76,903
-200
-0.3% -$15K
TECH icon
362
Bio-Techne
TECH
$11.2B
$5.51M 0.03%
57,676
+1,600
+3% +$146K
NTRS icon
363
Northern Trust
NTRS
$34.4B
$5.49M 0.03%
52,243
-100
-0.2% -$9.81K
Z icon
364
Zillow
Z
$7.59B
$5.49M 0.03%
42,311
-4,250
-9% -$631K
SEDG icon
365
SolarEdge
SEDG
$1.98B
$5.48M 0.03%
19,072
+400
+2% +$121K
KMX icon
366
CarMax
KMX
$8.34B
$5.42M 0.03%
40,819
-400
-1% -$48.7K
CGNX icon
367
Cognex
CGNX
$10.8B
$5.41M 0.03%
65,189
+1,600
+3% +$133K
FICO icon
368
Fair Isaac
FICO
$22.7B
$5.38M 0.03%
11,062
+300
+3% +$143K
CHD icon
369
Church & Dwight Co
CHD
$24.5B
$5.37M 0.03%
61,495
-1,000
-2% -$83.4K
WST icon
370
West Pharmaceutical
WST
$24.8B
$5.37M 0.03%
19,060
– –
MKTX icon
371
MarketAxess Holdings
MKTX
$5.72B
$5.37M 0.03%
10,781
– –
GRMN
372
Garmin
GRMN
$60.4B
$5.37M 0.03%
40,687
– –
PTC icon
373
PTC
PTC
$16.4B
$5.36M 0.03%
38,940
+700
+2% +$93.2K
CRL icon
374
Charles River Laboratories
CRL
$13.2B
$5.35M 0.03%
18,472
+300
+2% +$83.4K
TWST icon
375
Twist Bioscience
TWST
$7.83B
$5.35M 0.03%
43,172
– –
13 14
15
16 17

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.