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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
TTC icon
451
Toro Company
TTC
$9.4B
$4.12M 0.03%
39,896
+800
+2% +$80K
OMC icon
452
Omnicom Group
OMC
$23.2B
$4.1M 0.03%
55,303
-100
-0.2% -$6.9K
DAY
453
DELISTED
Dayforce
DAY
$4.09M 0.03%
48,523
+1,100
+2% +$103K
STE icon
454
Steris
STE
$23.3B
$4.09M 0.03%
21,454
– –
IT icon
455
Gartner
IT
$12.2B
$4.06M 0.03%
22,251
-200
-0.9% -$34.8K
K
456
DELISTED
Kellanova
K
$4.04M 0.03%
68,013
-107
-0.2% -$5.99K
EMN icon
457
Eastman Chemical
EMN
$8.39B
$4.04M 0.03%
36,699
– –
STLD icon
458
Steel Dynamics
STLD
$38.5B
$4.04M 0.03%
79,582
+1,500
+2% +$63.3K
AVY icon
459
Avery Dennison
AVY
$13.5B
$4.02M 0.03%
21,882
-100
-0.5% -$17.1K
HBAN icon
460
Huntington Bancshares
HBAN
$35.6B
$4.01M 0.03%
255,297
-500
-0.2% -$7.5K
PFG icon
461
Principal Financial Group
PFG
$24.4B
$4M 0.03%
66,743
-600
-0.9% -$33.4K
IEX icon
462
IDEX
IEX
$17.2B
$3.99M 0.03%
19,060
– –
NDSN icon
463
Nordson
NDSN
$17.2B
$3.98M 0.03%
20,016
+400
+2% +$77.9K
CPT icon
464
Camden Property Trust
CPT
$11B
$3.97M 0.03%
36,144
+700
+2% +$72.8K
LII icon
465
Lennox International
LII
$14.6B
$3.97M 0.03%
12,730
– –
BRO icon
466
Brown & Brown
BRO
$24B
$3.96M 0.03%
86,692
+800
+0.9% +$36.7K
FIVE icon
467
Five Below
FIVE
$13B
$3.96M 0.03%
20,740
+400
+2% +$75.4K
CRSP icon
468
CRISPR Therapeutics
CRSP
$5.17B
$3.95M 0.03%
32,386
– –
WHR icon
469
Whirlpool
WHR
$2.75B
$3.93M 0.02%
17,855
– –
TREX icon
470
Trex
TREX
$4.91B
$3.92M 0.02%
42,848
+700
+2% +$65.8K
MGM icon
471
MGM Resorts International
MGM
$10.9B
$3.92M 0.02%
103,129
– –
LUMN icon
472
Lumen
LUMN
$6.85B
$3.92M 0.02%
+293,362
New +$3.64M
SJM icon
473
J.M. Smucker
SJM
$12.6B
$3.92M 0.02%
30,941
-1,100
-3% -$130K
PENN icon
474
PENN Entertainment
PENN
$2.53B
$3.91M 0.02%
37,300
-16,506
-31% -$1.83M
WRK
475
DELISTED
WestRock Company
WRK
$3.89M 0.02%
74,766
+100
+0.1% +$4.67K
17 18
19
20 21

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.