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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
LSTR icon
651
Landstar System
LSTR
$6.05B
$2.35M 0.01%
14,209
+200
+1% +$31.1K
TXRH icon
652
Texas Roadhouse
TXRH
$13.6B
$2.32M 0.01%
24,192
+400
+2% +$34.9K
SYNH
653
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$2.32M 0.01%
30,603
+2,900
+10% +$219K
CACI icon
654
CACI
CACI
$14.3B
$2.31M 0.01%
9,383
+200
+2% +$47.9K
CNXC icon
655
Concentrix
CNXC
$1.56B
$2.31M 0.01%
15,407
+400
+3% +$48.5K
FAF icon
656
First American
FAF
$7.37B
$2.3M 0.01%
40,670
– –
PNW icon
657
Pinnacle West Capital
PNW
$12B
$2.3M 0.01%
28,328
– –
HII icon
658
Huntington Ingalls Industries
HII
$13B
$2.3M 0.01%
11,179
-100
-0.9% -$17.9K
SLAB icon
659
Silicon Laboratories
SLAB
$7.2B
$2.3M 0.01%
16,298
+300
+2% +$43K
COHR
660
DELISTED
Coherent Inc
COHR
$2.3M 0.01%
9,083
+200
+2% +$44.4K
SRCL
661
DELISTED
Stericycle Inc
SRCL
$2.29M 0.01%
33,946
+600
+2% +$40.8K
ORI icon
662
Old Republic International
ORI
$10.3B
$2.29M 0.01%
104,770
+1,700
+2% +$34.1K
EME icon
663
Emcor
EME
$35.7B
$2.28M 0.01%
20,335
+300
+1% +$30.1K
BJ icon
664
BJs Wholesale Club
BJ
$12.3B
$2.28M 0.01%
50,817
+800
+2% +$33.6K
HOG icon
665
Harley-Davidson
HOG
$2.72B
$2.28M 0.01%
56,800
+1,000
+2% +$37.2K
CFR icon
666
Cullen/Frost Bankers
CFR
$10.3B
$2.27M 0.01%
20,829
+400
+2% +$41.2K
ZION icon
667
Zions Bancorporation
ZION
$10.3B
$2.27M 0.01%
41,216
– –
XEC
668
DELISTED
CIMAREX ENERGY CO
XEC
$2.26M 0.01%
38,092
+900
+2% +$48K
JEF icon
669
Jefferies Financial Group
JEF
$12.8B
$2.26M 0.01%
78,462
-418
-0.5% -$11.4K
NLSN
670
DELISTED
Nielsen Holdings plc
NLSN
$2.26M 0.01%
89,756
– –
REG icon
671
Regency Centers
REG
$13.9B
$2.25M 0.01%
39,612
-100
-0.3% -$5.21K
AZTA icon
672
Azenta
AZTA
$1.54B
$2.25M 0.01%
+27,500
New +$2.22M
INGR icon
673
Ingredion
INGR
$6.53B
$2.24M 0.01%
24,882
+500
+2% +$42.7K
SLM icon
674
SLM Corp
SLM
$5.14B
$2.23M 0.01%
124,221
-12,500
-9% -$190K
LHCG
675
DELISTED
LHC Group LLC
LHCG
$2.23M 0.01%
11,656
+100
+0.9% +$20K
25 26
27
28 29

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.