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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
CHRW icon
526
C.H. Robinson
CHRW
$17.3B
$3.38M 0.02%
35,458
-600
-2% -$56K
NBIX icon
527
Neurocrine Biosciences
NBIX
$16.8B
$3.38M 0.02%
+34,700
New +$3.64M
HRL icon
528
Hormel Foods
HRL
$13.6B
$3.37M 0.02%
70,474
-100
-0.1% -$4.73K
AXON
529
Axon Enterprise
AXON
$48.4B
$3.36M 0.02%
23,619
+500
+2% +$77.9K
MHK icon
530
Mohawk Industries
MHK
$9.19B
$3.35M 0.02%
17,404
-200
-1% -$33.3K
FANG icon
531
Diamondback Energy
FANG
$55.7B
$3.33M 0.02%
45,362
+5,600
+14% +$384K
FBIN icon
532
Fortune Brands Innovations
FBIN
$5.73B
$3.33M 0.02%
40,705
-117
-0.3% -$8.86K
PKG icon
533
Packaging Corp of America
PKG
$22.7B
$3.31M 0.02%
24,650
-100
-0.4% -$13.6K
WYNN icon
534
Wynn Resorts
WYNN
$10.6B
$3.31M 0.02%
26,420
+2,000
+8% +$241K
SNA icon
535
Snap-on
SNA
$21.3B
$3.28M 0.02%
14,205
– –
Y
536
DELISTED
Alleghany Corp
Y
$3.28M 0.02%
5,231
– –
AGCO icon
537
AGCO
AGCO
$7.06B
$3.27M 0.02%
22,797
+400
+2% +$49.9K
UDR icon
538
UDR
UDR
$12.1B
$3.27M 0.02%
74,452
+400
+0.5% +$16.5K
RGA icon
539
Reinsurance Group of America
RGA
$15.8B
$3.26M 0.02%
25,897
+400
+2% +$47.5K
CSL icon
540
Carlisle Companies
CSL
$15.3B
$3.25M 0.02%
19,749
+300
+2% +$46K
DVN icon
541
Devon Energy
DVN
$49.9B
$3.25M 0.02%
148,638
+52,479
+55% +$1.08M
DISCK
542
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$3.23M 0.02%
87,571
-1,500
-2% -$63.6K
AMED
543
DELISTED
Amedisys
AMED
$3.22M 0.02%
12,151
+200
+2% +$56.4K
GNTX icon
544
Gentex
GNTX
$5.02B
$3.22M 0.02%
90,196
+900
+1% +$32K
LKQ icon
545
LKQ Corp
LKQ
$6.22B
$3.21M 0.02%
75,791
-400
-0.5% -$15.7K
SCI icon
546
Service Corp International
SCI
$11.4B
$3.2M 0.02%
62,730
-200
-0.3% -$10K
BWA icon
547
BorgWarner
BWA
$14.1B
$3.19M 0.02%
78,176
-1,704
-2% -$66.4K
WSO icon
548
Watsco Inc
WSO
$13.5B
$3.17M 0.02%
12,141
+200
+2% +$49.3K
HWM icon
549
Howmet Aerospace
HWM
$113B
$3.15M 0.02%
97,932
-200
-0.2% -$5.76K
OHI icon
550
Omega Healthcare
OHI
$14.4B
$3.15M 0.02%
85,861
+3,200
+4% +$118K
20 21
22
23 24

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.