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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
NVT icon
776
nVent Electric
NVT
$26.3B
$1.74M 0.01%
62,265
+300
+0.5% +$7.69K
MTG icon
777
MGIC Investment
MTG
$6.21B
$1.74M 0.01%
125,400
+2,000
+2% +$25.5K
FLO icon
778
Flowers Foods
FLO
$1.51B
$1.74M 0.01%
72,933
+1,200
+2% +$27.4K
HXL icon
779
Hexcel
HXL
$7.63B
$1.74M 0.01%
31,000
+600
+2% +$31.6K
HBI
780
DELISTED
Hanesbrands
HBI
$1.72M 0.01%
87,502
-100
-0.1% -$1.77K
CXT icon
781
Crane NXT
CXT
$2.96B
$1.72M 0.01%
52,651
+864
+2% +$25.6K
NVTA
782
DELISTED
Invitae Corporation
NVTA
$1.72M 0.01%
44,939
– –
SAIL
783
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
$1.72M 0.01%
33,900
+800
+2% +$45K
CC icon
784
Chemours
CC
$2.2B
$1.71M 0.01%
61,220
+1,300
+2% +$34.6K
APA icon
785
APA Corp
APA
$14.4B
$1.7M 0.01%
94,796
-100
-0.1% -$1.83K
NFG icon
786
National Fuel Gas
NFG
$7.78B
$1.69M 0.01%
33,766
+600
+2% +$27.2K
MEDP icon
787
Medpace
MEDP
$16.8B
$1.67M 0.01%
10,200
+200
+2% +$30.6K
SMTC icon
788
Semtech
SMTC
$12.2B
$1.66M 0.01%
24,087
+400
+2% +$29.4K
SSD icon
789
Simpson Manufacturing
SSD
$8.03B
$1.66M 0.01%
16,000
+200
+1% +$20K
HIW icon
790
Highwoods Properties
HIW
$3.41B
$1.65M 0.01%
38,501
+600
+2% +$24.5K
ACIW icon
791
ACI Worldwide
ACIW
$5.34B
$1.65M 0.01%
43,398
+900
+2% +$35.5K
PACW
792
DELISTED
PacWest Bancorp
PACW
$1.65M 0.01%
43,232
+700
+2% +$24.6K
STL
793
DELISTED
Sterling Bancorp
STL
$1.65M 0.01%
71,646
+800
+1% +$17.2K
RYN icon
794
Rayonier
RYN
$6.52B
$1.65M 0.01%
56,264
+1,433
+3% +$42.2K
RLI icon
795
RLI Corp
RLI
$5.83B
$1.64M 0.01%
29,418
+600
+2% +$31.8K
AEO icon
796
American Eagle Outfitters
AEO
$3.07B
$1.62M 0.01%
55,422
+900
+2% +$23K
SIGI icon
797
Selective Insurance
SIGI
$5.66B
$1.61M 0.01%
22,219
+400
+2% +$27.8K
AVNT icon
798
Avient
AVNT
$4.19B
$1.6M 0.01%
33,781
+500
+2% +$22.3K
WTFC icon
799
Wintrust Financial
WTFC
$10.7B
$1.59M 0.01%
21,029
– –
HR
800
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.57M 0.01%
51,764
+2,200
+4% +$66.2K
30 31
32
33 34

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.