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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
CIEN icon
551
Ciena
CIEN
$54.9B
$3.14M 0.02%
57,463
+1,200
+2% +$64.6K
CNP icon
552
CenterPoint Energy
CNP
$26.4B
$3.13M 0.02%
138,399
+1,400
+1% +$29.8K
IPG
553
DELISTED
Interpublic Group of Companies
IPG
$3.13M 0.02%
107,125
-100
-0.1% -$2.64K
GEN icon
554
Gen Digital
GEN
$17.5B
$3.1M 0.02%
146,029
-2,800
-2% -$58.7K
L icon
555
Loews
L
$23.3B
$3.08M 0.02%
60,151
-1,800
-3% -$87.7K
BIO icon
556
Bio-Rad Laboratories Class A
BIO
$9.48B
$3.08M 0.02%
5,400
– –
HAS icon
557
Hasbro
HAS
$13.3B
$3.08M 0.02%
32,072
– –
LNC icon
558
Lincoln National
LNC
$8.75B
$3.08M 0.02%
49,477
-400
-0.8% -$22.1K
ALLE icon
559
Allegion
ALLE
$14.1B
$3.06M 0.02%
24,335
-400
-2% -$46.2K
PWR icon
560
Quanta Services
PWR
$99.4B
$3.05M 0.02%
34,683
-200
-0.6% -$15.9K
LYV icon
561
Live Nation Entertainment
LYV
$43B
$3.05M 0.02%
36,027
+100
+0.3% +$8.05K
MOS icon
562
The Mosaic Company
MOS
$7.46B
$3.04M 0.02%
96,098
-200
-0.2% -$5.9K
CONE
563
DELISTED
CyrusOne Inc Common Stock
CONE
$3.02M 0.02%
44,664
+800
+2% +$55.5K
AAP icon
564
Advance Auto Parts
AAP
$3.36B
$3.02M 0.02%
16,432
-600
-4% -$101K
RNR icon
565
RenaissanceRe
RNR
$13.2B
$3.01M 0.02%
18,793
+300
+2% +$48.5K
OSK icon
566
Oshkosh
OSK
$9.59B
$3.01M 0.02%
25,376
+500
+2% +$51.8K
EHC icon
567
Encompass Health
EHC
$12.5B
$3.01M 0.02%
46,167
+628
+1% +$41K
LAMR icon
568
Lamar Advertising Co
LAMR
$15.7B
$3M 0.02%
31,986
+500
+2% +$44K
CBSH icon
569
Commerce Bancshares
CBSH
$8.44B
$2.99M 0.02%
49,867
+894
+2% +$51.5K
JKHY icon
570
Jack Henry & Associates
JKHY
$11B
$2.99M 0.02%
19,710
-100
-0.5% -$15.3K
STOR
571
DELISTED
STORE Capital Corporation
STOR
$2.98M 0.02%
88,887
+2,800
+3% +$91.2K
CASY icon
572
Casey's General Stores
CASY
$31.6B
$2.97M 0.02%
13,725
+300
+2% +$60K
AFG icon
573
American Financial Group
AFG
$11.9B
$2.96M 0.02%
25,929
+300
+1% +$31K
TAP icon
574
Molson Coors Class B
TAP
$7.93B
$2.94M 0.02%
57,399
-100
-0.2% -$4.86K
CHDN icon
575
Churchill Downs
CHDN
$6.02B
$2.93M 0.02%
25,744
-200
-0.8% -$22K
21 22
23
24 25

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.