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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
RH icon
501
RH
RH
$3.47B
$3.59M 0.02%
6,020
+300
+5% +$148K
RS icon
502
Reliance Steel & Aluminium
RS
$21.9B
$3.59M 0.02%
23,582
+400
+2% +$53.8K
EVRG icon
503
Evergy
EVRG
$18.9B
$3.59M 0.02%
60,279
-100
-0.2% -$5.53K
RUN icon
504
Sunrun
RUN
$2.38B
$3.59M 0.02%
59,300
+2,400
+4% +$167K
JAZZ icon
505
Jazz Pharmaceuticals
JAZZ
$16.7B
$3.57M 0.02%
21,700
+600
+3% +$98.7K
BLDR icon
506
Builders FirstSource
BLDR
$7.74B
$3.55M 0.02%
76,500
+33,900
+80% +$1.44M
BF.B icon
507
Brown-Forman Class B
BF.B
$12.9B
$3.52M 0.02%
51,096
-100
-0.2% -$7.33K
JBHT icon
508
JB Hunt Transport Services
JBHT
$25B
$3.52M 0.02%
20,930
-100
-0.5% -$15K
ACM icon
509
Aecom
ACM
$9.42B
$3.51M 0.02%
54,752
-200
-0.4% -$11.4K
XRAY icon
510
Dentsply Sirona
XRAY
$2.34B
$3.51M 0.02%
54,949
– –
KSS icon
511
Kohl's
KSS
$2.16B
$3.48M 0.02%
58,400
+1,000
+2% +$51.3K
FHN icon
512
First Horizon
FHN
$12B
$3.48M 0.02%
205,704
+3,600
+2% +$56.9K
DECK icon
513
Deckers Outdoor
DECK
$13.3B
$3.46M 0.02%
62,772
+1,200
+2% +$64K
TXT icon
514
Textron
TXT
$15.3B
$3.46M 0.02%
61,618
-600
-1% -$30.4K
OGE icon
515
OGE Energy
OGE
$9.54B
$3.45M 0.02%
106,671
+1,200
+1% +$37.8K
FFIV icon
516
F5
FFIV
$23.2B
$3.45M 0.02%
16,538
-100
-0.6% -$19.7K
AFRM icon
517
Affirm
AFRM
$25.3B
$3.44M 0.02%
+48,636
New +$4.73M
WEX icon
518
WEX
WEX
$6.35B
$3.43M 0.02%
16,393
+300
+2% +$63.3K
ARW icon
519
Arrow Electronics
ARW
$10.3B
$3.42M 0.02%
30,875
+200
+0.7% +$20.8K
CLF icon
520
Cleveland-Cliffs
CLF
$7.13B
$3.42M 0.02%
+170,000
New +$2.77M
MIDD icon
521
Middleby
MIDD
$5.89B
$3.41M 0.02%
20,600
+300
+1% +$44.2K
ATR icon
522
AptarGroup
ATR
$8.5B
$3.41M 0.02%
24,092
+500
+2% +$69K
LNT icon
523
Alliant Energy
LNT
$17.7B
$3.4M 0.02%
62,731
-100
-0.2% -$4.97K
PEN icon
524
Penumbra
PEN
$12.8B
$3.4M 0.02%
12,551
+200
+2% +$51.6K
JLL icon
525
Jones Lang LaSalle
JLL
$16.4B
$3.39M 0.02%
18,956
+300
+2% +$48.9K
19 20
21
22 23

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.