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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
MTUM icon
26
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
$120M 0.76%
744,690
+62,590
+9% +$10.3M
JPM icon
27
JPMorgan Chase
JPM
$950B
$117M 0.74%
765,843
-700
-0.1% -$101K
UNH icon
28
UnitedHealth
UNH
$370B
$117M 0.74%
313,115
-61,400
-16% -$21.3M
NVDA icon
29
NVIDIA
NVDA
$5.42T
$112M 0.71%
8,422,840
+596,000
+8% +$8.01M
MA icon
30
Mastercard
MA
$493B
$110M 0.69%
308,564
-21,200
-6% -$7.4M
FTAI icon
31
FTAI Aviation
FTAI
$22.2B
$106M 0.67%
4,422,777
– –
ACN icon
32
Accenture
ACN
$108B
$105M 0.67%
381,453
-200
-0.1% -$51.7K
ADBE icon
33
Adobe
ADBE
$105B
$105M 0.67%
221,499
-300
-0.1% -$140K
ABBV icon
34
AbbVie
ABBV
$435B
$105M 0.66%
968,750
-800
-0.1% -$85.6K
CSCO icon
35
Cisco
CSCO
$479B
$95M 0.6%
1,836,673
-3,000
-0.2% -$141K
RITM icon
36
Rithm Capital
RITM
$5.69B
$94.6M 0.6%
8,404,734
– –
AVGO icon
37
Broadcom
AVGO
$2.04T
$93.8M 0.59%
2,022,720
+8,000
+0.4% +$370K
LOW icon
38
Lowe's Companies
LOW
$125B
$88.8M 0.56%
467,073
-800
-0.2% -$137K
ORCL icon
39
Oracle
ORCL
$423B
$87.5M 0.55%
1,246,528
-11,500
-0.9% -$745K
DIS icon
40
Walt Disney
DIS
$181B
$85.8M 0.54%
465,148
+300
+0.1% +$55.3K
PG icon
41
Procter & Gamble
PG
$339B
$83.7M 0.53%
617,996
-5,500
-0.9% -$718K
PM icon
42
Philip Morris
PM
$295B
$82.5M 0.52%
929,851
-800
-0.1% -$67.9K
INTC icon
43
Intel
INTC
$513B
$77M 0.49%
1,202,835
-10,800
-0.9% -$644K
ARI
44
Apollo Commercial Real Estate
ARI
$885M
$76.3M 0.48%
5,459,968
– –
EPAM icon
45
EPAM Systems
EPAM
$5.03B
$76M 0.48%
191,500
– –
BAC icon
46
Bank of America
BAC
$442B
$73.8M 0.47%
1,906,702
-7,600
-0.4% -$262K
IBM icon
47
IBM
IBM
$224B
$73.3M 0.46%
575,429
+210
+0% +$25.1K
GILD icon
48
Gilead Sciences
GILD
$165B
$73.2M 0.46%
1,132,560
+100
+0% +$6.45K
CRM icon
49
Salesforce
CRM
$158B
$71.5M 0.45%
337,292
-945
-0.3% -$210K
AMD icon
50
Advanced Micro Devices
AMD
$789B
$67.7M 0.43%
862,869
+23,155
+3% +$1.99M
1
2
3 4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.