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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
CMS icon
426
CMS Energy
CMS
$21.7B
$4.44M 0.03%
72,485
+500
+0.7% +$28.7K
DAR icon
427
Darling Ingredients
DAR
$9.99B
$4.43M 0.03%
60,231
+1,200
+2% +$82.5K
RPM icon
428
RPM International
RPM
$14.8B
$4.43M 0.03%
48,197
+900
+2% +$77.8K
ESS icon
429
Essex Property Trust
ESS
$18.2B
$4.42M 0.03%
16,268
-100
-0.6% -$25.9K
WAT icon
430
Waters Corp
WAT
$40.4B
$4.42M 0.03%
15,562
– –
EXR icon
431
Extra Space Storage
EXR
$31B
$4.4M 0.03%
33,181
+700
+2% +$84.7K
ULTA icon
432
Ulta Beauty
ULTA
$23.6B
$4.38M 0.03%
14,152
– –
NVR icon
433
NVR
NVR
$16.8B
$4.35M 0.03%
923
-100
-10% -$449K
NTAP icon
434
NetApp
NTAP
$39B
$4.34M 0.03%
59,670
-300
-0.5% -$20.2K
TYL icon
435
Tyler Technologies
TYL
$13B
$4.33M 0.03%
10,200
+100
+1% +$43.2K
PHM icon
436
Pultegroup
PHM
$24.8B
$4.33M 0.03%
82,475
-600
-0.7% -$28K
CTXS
437
DELISTED
Citrix Systems Inc
CTXS
$4.33M 0.03%
30,815
-100
-0.3% -$13.4K
DGX icon
438
Quest Diagnostics
DGX
$26.2B
$4.3M 0.03%
33,492
-400
-1% -$49.3K
DOC icon
439
Healthpeak Properties
DOC
$14.4B
$4.29M 0.03%
135,209
-200
-0.1% -$6.07K
CE icon
440
Celanese
CE
$4.88B
$4.29M 0.03%
28,637
-800
-3% -$110K
ANET icon
441
Arista Networks
ANET
$242B
$4.28M 0.03%
226,720
+1,600
+0.7% +$29.9K
NDAQ icon
442
Nasdaq
NDAQ
$53.4B
$4.27M 0.03%
86,850
+300
+0.3% +$14.2K
J icon
443
Jacobs Solutions
J
$17.2B
$4.22M 0.03%
39,461
– –
GPC icon
444
Genuine Parts
GPC
$18.5B
$4.19M 0.03%
36,257
– –
LEA icon
445
Lear
LEA
$8.05B
$4.18M 0.03%
23,040
+300
+1% +$50.5K
AKAM icon
446
Akamai
AKAM
$16.9B
$4.17M 0.03%
40,939
– –
SAM icon
447
Boston Beer
SAM
$1.86B
$4.16M 0.03%
3,452
+100
+3% +$105K
VAR
448
DELISTED
Varian Medical Systems, Inc.
VAR
$4.15M 0.03%
23,506
– –
MAA icon
449
Mid-America Apartment Communities
MAA
$15.4B
$4.15M 0.03%
28,742
– –
DRE
450
DELISTED
Duke Realty Corp.
DRE
$4.13M 0.03%
98,508
+300
+0.3% +$12.1K
16 17
18
19 20

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.