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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
CCL icon
376
Carnival Corporation Ltd
CCL
$38B
$5.31M 0.03%
200,228
+13,200
+7% +$311K
MLM icon
377
Martin Marietta Materials
MLM
$33B
$5.26M 0.03%
15,678
– –
TER icon
378
Teradyne
TER
$57.1B
$5.26M 0.03%
43,200
– –
TTWO icon
379
Take-Two Interactive
TTWO
$47.4B
$5.25M 0.03%
29,741
– –
ENPH icon
380
Enphase Energy
ENPH
$5.41B
$5.25M 0.03%
32,400
-13,618
-30% -$2.44M
ARE icon
381
Alexandria Real Estate Equities
ARE
$8.32B
$5.25M 0.03%
31,935
+800
+3% +$133K
RSG icon
382
Republic Services
RSG
$65.7B
$5.24M 0.03%
52,787
-100
-0.2% -$9.38K
RF icon
383
Regions Financial
RF
$26.8B
$5.21M 0.03%
252,164
-500
-0.2% -$9.77K
AEE icon
384
Ameren
AEE
$29.6B
$5.17M 0.03%
63,593
+1,400
+2% +$105K
GNRC icon
385
Generac Holdings
GNRC
$12.2B
$5.17M 0.03%
15,800
-7,108
-31% -$2.09M
WSM icon
386
Williams-Sonoma
WSM
$29.5B
$5.08M 0.03%
56,658
+800
+1% +$54K
ATO icon
387
Atmos Energy
ATO
$28.4B
$5.05M 0.03%
51,137
+500
+1% +$45.5K
BKR icon
388
Baker Hughes
BKR
$63.6B
$5.04M 0.03%
233,461
+10,500
+5% +$239K
MOH icon
389
Molina Healthcare
MOH
$10.4B
$5.03M 0.03%
21,503
-100
-0.5% -$22.3K
CFG icon
390
Citizens Financial Group
CFG
$30.6B
$5.02M 0.03%
113,771
-700
-0.6% -$29.1K
VTR icon
391
Ventas
VTR
$47.2B
$5.01M 0.03%
94,014
-200
-0.2% -$10.3K
LVS icon
392
Las Vegas Sands
LVS
$29.4B
$5.01M 0.03%
82,421
-200
-0.2% -$11.7K
ETR icon
393
Entergy
ETR
$49.3B
$5M 0.03%
100,622
– –
VRSN icon
394
VeriSign
VRSN
$26.5B
$4.97M 0.03%
25,002
-200
-0.8% -$39.3K
DOV icon
395
Dover
DOV
$28.3B
$4.95M 0.03%
36,087
-100
-0.3% -$12.7K
TRMB icon
396
Trimble
TRMB
$13.6B
$4.9M 0.03%
63,000
-28,118
-31% -$2.03M
MTB icon
397
M&T Bank
MTB
$36.3B
$4.9M 0.03%
32,299
– –
EXPD icon
398
Expeditors International
EXPD
$23.3B
$4.89M 0.03%
45,411
-100
-0.2% -$9.63K
TFX icon
399
Teleflex
TFX
$5.89B
$4.86M 0.03%
11,707
– –
KEY icon
400
KeyCorp
KEY
$24.3B
$4.86M 0.03%
243,113
-2,400
-1% -$46.3K
14 15
16
17 18

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.