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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
AIZ icon
701
Assurant
AIZ
$14.2B
$2.06M 0.01%
14,523
-400
-3% -$53.9K
WBD icon
702
Warner Bros
WBD
$67.4B
$2.06M 0.01%
47,365
+500
+1% +$25K
TKR icon
703
Timken Company
TKR
$8.77B
$2.05M 0.01%
25,276
+600
+2% +$47.9K
EVR icon
704
Evercore
EVR
$11.5B
$2.04M 0.01%
15,514
+700
+5% +$85.5K
THC icon
705
Tenet Healthcare
THC
$20.9B
$2.04M 0.01%
39,307
+900
+2% +$45.5K
KIM icon
706
Kimco Realty
KIM
$16.2B
$2.04M 0.01%
108,517
-200
-0.2% -$3.53K
MMS icon
707
Maximus
MMS
$2.9B
$2.03M 0.01%
22,792
+400
+2% +$32.7K
ROL icon
708
Rollins
ROL
$17.9B
$2.02M 0.01%
58,699
-101
-0.2% -$3.62K
GBCI icon
709
Glacier Bancorp
GBCI
$6.35B
$2.02M 0.01%
35,300
+500
+1% +$27K
MSA icon
710
Mine Safety
MSA
$7.45B
$2.02M 0.01%
13,430
+200
+2% +$32.2K
MAN icon
711
ManpowerGroup
MAN
$2.63B
$2.01M 0.01%
20,349
-600
-3% -$57.4K
YETI icon
712
Yeti Holdings
YETI
$3.99B
$2.01M 0.01%
+27,800
New +$1.98M
KBR icon
713
KBR
KBR
$4.83B
$2M 0.01%
52,168
+200
+0.4% +$6.38K
DXC icon
714
DXC Technology
DXC
$1.74B
$2M 0.01%
63,866
-100
-0.2% -$2.74K
ESNT icon
715
Essent Group
ESNT
$6.23B
$1.99M 0.01%
41,800
+800
+2% +$35.5K
FOXF icon
716
Fox Factory Holding Corp
FOXF
$882M
$1.97M 0.01%
15,500
+300
+2% +$38.7K
JHG
717
DELISTED
Janus Henderson
JHG
$1.97M 0.01%
63,200
+9,000
+17% +$283K
HALO icon
718
Halozyme
HALO
$12.2B
$1.96M 0.01%
47,100
+800
+2% +$36.5K
MTZ icon
719
MasTec
MTZ
$21.5B
$1.96M 0.01%
20,913
+500
+2% +$42.8K
TNL icon
720
Travel + Leisure Co
TNL
$4.5B
$1.95M 0.01%
31,813
+500
+2% +$27.1K
CUZ icon
721
Cousins Properties
CUZ
$4.83B
$1.95M 0.01%
55,025
+900
+2% +$30.6K
TRIP icon
722
TripAdvisor
TRIP
$1.26B
$1.92M 0.01%
35,701
+700
+2% +$30K
DEI icon
723
Douglas Emmett
DEI
$1.93B
$1.92M 0.01%
61,115
+1,100
+2% +$33.5K
EQT icon
724
EQT Corp
EQT
$33.8B
$1.92M 0.01%
103,261
+2,800
+3% +$48.7K
HELE icon
725
Helen of Troy
HELE
$680M
$1.91M 0.01%
9,083
-200
-2% -$45.1K
27 28
29
30 31

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.