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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
COHR icon
601
Coherent
COHR
$63.6B
$2.65M 0.02%
38,786
-158,800
-80% -$13M
VAC icon
602
Marriott Vacations Worldwide
VAC
$3.89B
$2.65M 0.02%
15,225
+300
+2% +$46.8K
WRB icon
603
W.R. Berkley
WRB
$26.3B
$2.65M 0.02%
79,103
-450
-0.6% -$13.9K
WU icon
604
Western Union
WU
$2.19B
$2.64M 0.02%
107,107
-300
-0.3% -$7.06K
TCF
605
DELISTED
TCF Financial Corporation Common Stock
TCF
$2.63M 0.02%
56,546
+1,000
+2% +$44.2K
WWD icon
606
Woodward
WWD
$21B
$2.62M 0.02%
21,729
+500
+2% +$59.6K
JBL icon
607
Jabil
JBL
$35.3B
$2.62M 0.02%
50,142
+1,100
+2% +$50.1K
RGLD icon
608
Royal Gold
RGLD
$19.8B
$2.61M 0.02%
24,287
+400
+2% +$42.7K
EXEL icon
609
Exelixis
EXEL
$13.1B
$2.61M 0.02%
115,558
+2,500
+2% +$56.5K
PNR icon
610
Pentair
PNR
$10.7B
$2.6M 0.02%
41,714
-100
-0.2% -$5.74K
EG icon
611
Everest Group
EG
$14.2B
$2.6M 0.02%
10,479
– –
SGI
612
Somnigroup International
SGI
$13.6B
$2.59M 0.02%
70,728
+800
+1% +$25.9K
PB icon
613
Prosperity Bancshares
PB
$8.81B
$2.58M 0.02%
34,454
+700
+2% +$51.2K
KRC icon
614
Kilroy Realty
KRC
$4.32B
$2.58M 0.02%
39,238
+1,000
+3% +$61.8K
MAT icon
615
Mattel
MAT
$4.21B
$2.57M 0.02%
128,918
+2,100
+2% +$40.6K
IVZ icon
616
Invesco
IVZ
$14B
$2.57M 0.02%
101,761
-300
-0.3% -$6.73K
CPB icon
617
Campbell Soup
CPB
$6.69B
$2.56M 0.02%
50,971
– –
LITE icon
618
Lumentum
LITE
$63.3B
$2.56M 0.02%
28,034
+500
+2% +$46.3K
BLD
619
DELISTED
TopBuild
BLD
$2.56M 0.02%
12,200
+200
+2% +$40.6K
ARWR icon
620
Arrowhead Research
ARWR
$12.5B
$2.55M 0.02%
38,428
+1,000
+3% +$77.6K
X
621
DELISTED
US Steel
X
$2.54M 0.02%
97,189
+16,900
+21% +$334K
GL icon
622
Globe Life
GL
$14.2B
$2.54M 0.02%
26,258
-400
-2% -$38.3K
HSIC icon
623
Henry Schein
HSIC
$9.82B
$2.53M 0.02%
36,567
-100
-0.3% -$6.77K
SNV
624
DELISTED
Synovus
SNV
$2.52M 0.02%
55,005
+1,200
+2% +$50.3K
NCLH icon
625
Norwegian Cruise Line
NCLH
$8.52B
$2.52M 0.02%
91,168
+11,800
+15% +$314K
23 24
25
26 27

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.