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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
CLH icon
801
Clean Harbors
CLH
$16.4B
$1.57M 0.01%
18,656
+100
+0.5% +$8.41K
EBS icon
802
Emergent Biosolutions
EBS
$229M
$1.56M 0.01%
16,800
+400
+2% +$41K
MSM icon
803
MSC Industrial Direct
MSM
$6.87B
$1.56M 0.01%
17,288
+600
+4% +$51.1K
TXNM
804
TXNM Energy Inc
TXNM
$5.91B
$1.56M 0.01%
31,757
+2,700
+9% +$131K
BKH icon
805
Black Hills Corp
BKH
$5.62B
$1.56M 0.01%
23,298
+400
+2% +$24.9K
TDC icon
806
Teradata
TDC
$2.58B
$1.56M 0.01%
40,364
+500
+1% +$18.3K
ADNT icon
807
Adient
ADNT
$1.44B
$1.54M 0.01%
34,786
+600
+2% +$22.7K
GAP
808
The Gap Inc
GAP
$7.74B
$1.54M 0.01%
51,633
-100
-0.2% -$2.48K
KBH icon
809
KB Home
KBH
$3.47B
$1.53M 0.01%
32,997
+900
+3% +$37.2K
TGNA
810
DELISTED
TEGNA Inc
TGNA
$1.53M 0.01%
81,366
+1,500
+2% +$26.3K
AVT icon
811
Avnet
AVT
$7.99B
$1.53M 0.01%
36,863
+900
+3% +$34.8K
JWN
812
DELISTED
Nordstrom
JWN
$1.53M 0.01%
40,300
+700
+2% +$25.9K
LEG icon
813
Leggett & Platt
LEG
$1.29B
$1.52M 0.01%
33,416
+100
+0.3% +$4.45K
CBRL icon
814
Cracker Barrel
CBRL
$1.25B
$1.52M 0.01%
8,788
+100
+1% +$15.2K
GT icon
815
Goodyear
GT
$1.74B
$1.52M 0.01%
86,413
+1,500
+2% +$21.7K
HPP
816
Hudson Pacific Properties
HPP
$740M
$1.52M 0.01%
7,980
+57
+0.7% +$10.2K
OGS icon
817
ONE Gas
OGS
$4.96B
$1.52M 0.01%
19,707
+400
+2% +$29.2K
FNB icon
818
FNB Corp
FNB
$6.75B
$1.51M 0.01%
119,057
+1,500
+1% +$17.3K
ICUI icon
819
ICU Medical
ICUI
$4.56B
$1.5M 0.01%
7,309
+200
+3% +$42.2K
CHX
820
DELISTED
ChampionX
CHX
$1.5M 0.01%
69,065
+1,400
+2% +$27.2K
R icon
821
Ryder
R
$9.98B
$1.5M 0.01%
19,845
+200
+1% +$13.9K
XRX icon
822
Xerox
XRX
$427M
$1.5M 0.01%
61,800
+19,880
+47% +$475K
HOMB icon
823
Home BancShares
HOMB
$6.17B
$1.5M 0.01%
55,368
– –
FOX icon
824
Fox Class B
FOX
$23.6B
$1.5M 0.01%
42,801
-300
-0.7% -$10.1K
RL icon
825
Ralph Lauren
RL
$24.2B
$1.49M 0.01%
12,116
– –
31 32
33
34 35

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.