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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
HES
401
DELISTED
Hess
HES
$4.85M 0.03%
68,567
-200
-0.3% -$12.8K
HOLX
402
DELISTED
Hologic
HOLX
$4.81M 0.03%
64,620
– –
HAL icon
403
Halliburton
HAL
$28B
$4.79M 0.03%
223,019
+700
+0.3% +$14.6K
SBNY
404
DELISTED
Signature Bank
SBNY
$4.78M 0.03%
21,145
+1,600
+8% +$315K
GWW icon
405
W.W. Grainger
GWW
$61.1B
$4.76M 0.03%
11,884
-300
-2% -$116K
XYL icon
406
Xylem
XYL
$28.3B
$4.76M 0.03%
45,278
– –
FE icon
407
FirstEnergy
FE
$27.1B
$4.73M 0.03%
136,370
-100
-0.1% -$3.27K
COO icon
408
Cooper Companies
COO
$14.9B
$4.72M 0.03%
49,212
– –
RCL icon
409
Royal Caribbean
RCL
$82.4B
$4.71M 0.03%
54,980
+8,200
+18% +$650K
PAYC icon
410
Paycom
PAYC
$9.62B
$4.69M 0.03%
12,672
– –
XPO icon
411
XPO
XPO
$23.5B
$4.67M 0.03%
109,468
+13,300
+14% +$552K
FDS icon
412
Factset
FDS
$10.1B
$4.67M 0.03%
15,125
+200
+1% +$63.3K
DRI icon
413
Darden Restaurants
DRI
$24.9B
$4.64M 0.03%
32,684
-100
-0.3% -$13.2K
IR icon
414
Ingersoll Rand
IR
$33.6B
$4.6M 0.03%
93,493
– –
UAL icon
415
United Airlines
UAL
$40.2B
$4.6M 0.03%
79,912
+6,300
+9% +$308K
VTRS icon
416
Viatris
VTRS
$18.7B
$4.59M 0.03%
328,802
-400
-0.1% -$6.52K
AMCR icon
417
Amcor
AMCR
$21.8B
$4.58M 0.03%
78,411
-480
-0.6% -$27.4K
CZR icon
418
Caesars Entertainment
CZR
$6.13B
$4.57M 0.03%
52,300
-23,587
-31% -$1.98M
MPT
419
Medical Properties Trust
MPT
$2.48B
$4.57M 0.03%
214,851
+19,600
+10% +$421K
CTLT
420
DELISTED
CATALENT, INC.
CTLT
$4.5M 0.03%
42,700
+1,300
+3% +$145K
AES icon
421
AES
AES
$10.5B
$4.5M 0.03%
167,657
+400
+0.2% +$10.6K
GGG icon
422
Graco
GGG
$13.5B
$4.48M 0.03%
62,510
+1,500
+2% +$106K
BR icon
423
Broadridge
BR
$19.8B
$4.45M 0.03%
29,039
– –
STX icon
424
Seagate
STX
$182B
$4.45M 0.03%
57,919
-5,800
-9% -$404K
WOLF icon
425
Wolfspeed
WOLF
$1.52B
$4.44M 0.03%
41,091
+900
+2% +$101K
15 16
17
18 19

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.