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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
CMA
626
DELISTED
Comerica
CMA
$2.5M 0.02%
34,901
-100
-0.3% -$6.55K
PCTY icon
627
Paylocity
PCTY
$7.73B
$2.5M 0.02%
13,925
+300
+2% +$57.2K
PNFP icon
628
Pinnacle Financial Partners Inc
PNFP
$15.8B
$2.5M 0.02%
28,160
+500
+2% +$39.6K
NRG icon
629
NRG Energy
NRG
$25B
$2.5M 0.02%
66,136
– –
SF
630
Stifel
SF
$12.6B
$2.49M 0.02%
58,284
+2,098
+4% +$81.8K
DISH
631
DELISTED
DISH Network Corp.
DISH
$2.49M 0.02%
68,766
-100
-0.1% -$3.33K
FFIN icon
632
First Financial Bankshares
FFIN
$4.93B
$2.46M 0.02%
52,658
+900
+2% +$39.2K
REXR icon
633
Rexford Industrial Realty
REXR
$8.13B
$2.45M 0.02%
48,700
+1,100
+2% +$54K
CDK
634
DELISTED
CDK Global, Inc.
CDK
$2.44M 0.02%
45,127
+800
+2% +$41.5K
CF icon
635
CF Industries
CF
$18.4B
$2.44M 0.02%
53,712
-100
-0.2% -$4.52K
AOS icon
636
A.O. Smith
AOS
$8.48B
$2.43M 0.02%
35,927
– –
WH icon
637
Wyndham Hotels & Resorts
WH
$5.29B
$2.41M 0.02%
34,486
+500
+1% +$31.9K
LFUS icon
638
Littelfuse
LFUS
$11.6B
$2.4M 0.02%
9,088
+200
+2% +$53.2K
LSI
639
DELISTED
Life Storage, Inc.
LSI
$2.4M 0.02%
27,915
+1,399
+5% +$116K
JBLU icon
640
JetBlue
JBLU
$2.13B
$2.38M 0.02%
117,050
+2,500
+2% +$43.3K
KNX icon
641
Knight Transportation
KNX
$11.2B
$2.38M 0.02%
49,517
-400
-0.8% -$17.5K
RHI icon
642
Robert Half
RHI
$4.37B
$2.37M 0.02%
30,399
-300
-1% -$21.8K
NI icon
643
NiSource
NI
$20B
$2.37M 0.02%
98,306
+1,900
+2% +$42.8K
JNPR
644
DELISTED
Juniper Networks
JNPR
$2.36M 0.01%
93,323
-600
-0.6% -$14.8K
SON icon
645
Sonoco
SON
$5.72B
$2.36M 0.01%
37,234
+600
+2% +$36.6K
TOL icon
646
Toll Brothers
TOL
$14B
$2.36M 0.01%
41,527
-300
-0.7% -$15.7K
AIRC
647
DELISTED
Apartment Income REIT Corp.
AIRC
$2.36M 0.01%
55,100
+900
+2% +$37.1K
AMG icon
648
Affiliated Managers Group
AMG
$9.6B
$2.35M 0.01%
15,766
-800
-5% -$105K
MDU icon
649
MDU Resources
MDU
$4.29B
$2.35M 0.01%
195,421
+3,418
+2% +$37.3K
POST icon
650
Post Holdings
POST
$3.45B
$2.35M 0.01%
33,902
-153
-0.4% -$10K
24 25
26
27 28

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.