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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
NFLX icon
51
Netflix
NFLX
$309B
$67.2M 0.43%
1,288,880
-27,250
-2% -$1.45M
LMT icon
52
Lockheed Martin
LMT
$136B
$66.1M 0.42%
178,890
– –
MO icon
53
Altria Group
MO
$114B
$65.3M 0.41%
1,276,724
+773,200
+154% +$34.6M
MRK icon
54
Merck
MRK
$318B
$63.4M 0.4%
862,522
-1,257
-0.1% -$92.7K
BIIB icon
55
Biogen
BIIB
$30.7B
$62.1M 0.39%
221,983
+104,200
+88% +$28.1M
XOM icon
56
ExxonMobil
XOM
$634B
$61.5M 0.39%
1,100,718
-700
-0.1% -$36.7K
ALGN icon
57
Align Technology
ALGN
$12.3B
$59.4M 0.38%
109,662
– –
LH icon
58
Labcorp
LH
$25.9B
$58.5M 0.37%
267,076
– –
WFC icon
59
Wells Fargo
WFC
$264B
$55.4M 0.35%
1,417,116
-2,100
-0.1% -$74.3K
EBAY icon
60
eBay
EBAY
$49.8B
$55.1M 0.35%
900,542
-2,400
-0.3% -$139K
KO icon
61
Coca-Cola
KO
$375B
$54.8M 0.35%
1,039,022
+800
+0.1% +$40.3K
AMGN icon
62
Amgen
AMGN
$222B
$54.5M 0.34%
218,882
-1,400
-0.6% -$334K
PFE icon
63
Pfizer
PFE
$153B
$53.9M 0.34%
1,487,832
+2,100
+0.1% +$74.6K
MSCI icon
64
MSCI
MSCI
$40.9B
$53.6M 0.34%
127,856
+77,500
+154% +$32.6M
ADSK icon
65
Autodesk
ADSK
$52.6B
$53.5M 0.34%
192,903
-100
-0.1% -$28.8K
VST icon
66
Vistra
VST
$47.4B
$53.3M 0.34%
3,017,300
+3,000,000
+17,341% +$59.6M
ABT icon
67
Abbott
ABT
$187B
$53.3M 0.34%
444,619
-1,100
-0.2% -$130K
GIS icon
68
General Mills
GIS
$19.7B
$52.9M 0.33%
863,021
-300
-0% -$17.3K
SYF icon
69
Synchrony
SYF
$25.6B
$52.7M 0.33%
1,296,314
+1,159,800
+850% +$44.7M
ETRN
70
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$51.8M 0.33%
6,343,855
+2,900
+0% +$22.1K
IJH icon
71
iShares Core S&P Mid-Cap ETF
IJH
$127B
$51.5M 0.33%
989,010
+273,745
+38% +$13.7M
CVX icon
72
Chevron
CVX
$366B
$50.7M 0.32%
483,468
-600
-0.1% -$58.6K
CTSH icon
73
Cognizant
CTSH
$26B
$50.3M 0.32%
644,169
-1,300
-0.2% -$100K
MAS icon
74
Masco
MAS
$15.3B
$49.5M 0.31%
825,754
-1,200
-0.1% -$67K
SYK icon
75
Stryker
SYK
$130B
$49.2M 0.31%
202,127
-190,600
-49% -$45.7M
1 2
3
4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.