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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
BRX icon
676
Brixmor Property Group
BRX
$9.15B
$2.22M 0.01%
109,884
+1,900
+2% +$35.6K
ACC
677
DELISTED
American Campus Communities, Inc.
ACC
$2.2M 0.01%
50,948
+800
+2% +$34K
AYI icon
678
Acuity Brands
AYI
$10.6B
$2.2M 0.01%
13,314
-100
-0.7% -$12.8K
TENB icon
679
Tenable Holdings
TENB
$4.04B
$2.2M 0.01%
+60,722
New +$2.75M
FR icon
680
First Industrial Realty Trust
FR
$8.36B
$2.19M 0.01%
47,801
+800
+2% +$34.5K
LPX icon
681
Louisiana-Pacific
LPX
$5.2B
$2.19M 0.01%
39,442
-400
-1% -$18.1K
IBKR icon
682
Interactive Brokers
IBKR
$41.1B
$2.19M 0.01%
119,736
+2,000
+2% +$36K
FLG
683
Flagstar Bank National Association
FLG
$5.82B
$2.18M 0.01%
57,485
+1,134
+2% +$39.2K
FL
684
DELISTED
Foot Locker
FL
$2.17M 0.01%
38,624
+600
+2% +$30.5K
PRI icon
685
Primerica
PRI
$9.65B
$2.16M 0.01%
14,603
+300
+2% +$43K
ALK icon
686
Alaska Air
ALK
$5.27B
$2.15M 0.01%
31,131
– –
CLGX
687
DELISTED
Corelogic, Inc.
CLGX
$2.15M 0.01%
27,123
-1,200
-4% -$95.7K
RRX icon
688
Regal Rexnord
RRX
$11.5B
$2.14M 0.01%
15,003
+200
+1% +$27.5K
MRO
689
DELISTED
Marathon Oil Corporation
MRO
$2.12M 0.01%
198,121
-400
-0.2% -$3.86K
SKX
690
DELISTED
Skechers
SKX
$2.11M 0.01%
50,664
+1,300
+3% +$49.1K
EGP icon
691
EastGroup Properties
EGP
$10.9B
$2.11M 0.01%
14,719
+300
+2% +$42K
NATI
692
DELISTED
National Instruments Corp
NATI
$2.1M 0.01%
48,713
+900
+2% +$39.6K
BEN icon
693
Franklin Resources
BEN
$17B
$2.09M 0.01%
70,714
– –
HAE icon
694
Haemonetics
HAE
$3.94B
$2.09M 0.01%
18,856
+400
+2% +$49.5K
HQY icon
695
HealthEquity
HQY
$8.93B
$2.08M 0.01%
30,666
+2,700
+10% +$212K
EXP icon
696
Eagle Materials
EXP
$6.47B
$2.08M 0.01%
15,503
+300
+2% +$36.4K
GRUB
697
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$2.07M 0.01%
17,283
+400
+2% +$55.6K
DVA icon
698
DaVita
DVA
$11.7B
$2.07M 0.01%
19,210
-253,000
-93% -$28.1M
BFH icon
699
Bread Financial
BFH
$4.38B
$2.06M 0.01%
23,080
+1,253
+6% +$89.9K
VLY icon
700
Valley National Bancorp
VLY
$8.1B
$2.06M 0.01%
150,253
+3,100
+2% +$37.3K
26 27
28
29 30

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.