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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
ASB icon
876
Associated Banc-Corp
ASB
$5.91B
$1.21M 0.01%
56,631
+700
+1% +$14.2K
GATX icon
877
GATX Corp
GATX
$6.23B
$1.21M 0.01%
13,020
+300
+2% +$28K
NGVT icon
878
Ingevity
NGVT
$2.63B
$1.2M 0.01%
15,903
+900
+6% +$65.5K
COLM icon
879
Columbia Sportswear
COLM
$2.92B
$1.2M 0.01%
11,356
+300
+3% +$29.7K
CRWD icon
880
CrowdStrike
CRWD
$229B
$1.2M 0.01%
+26,260
New +$1.39M
CNX icon
881
CNX Resources
CNX
$5.34B
$1.2M 0.01%
81,388
-400
-0.5% -$5.38K
WRI
882
DELISTED
Weingarten Realty Investors
WRI
$1.2M 0.01%
44,427
+500
+1% +$12.4K
GO icon
883
Grocery Outlet
GO
$970M
$1.18M 0.01%
32,100
+900
+3% +$35K
TEX icon
884
Terex
TEX
$7.57B
$1.18M 0.01%
25,674
+400
+2% +$16.4K
VSH icon
885
Vishay Intertechnology
VSH
$5.17B
$1.18M 0.01%
49,126
+800
+2% +$18.7K
PEB icon
886
Pebblebrook Hotel Trust
PEB
$1.98B
$1.18M 0.01%
48,635
+900
+2% +$19.8K
SFM icon
887
Sprouts Farmers Market
SFM
$7.98B
$1.16M 0.01%
43,643
+700
+2% +$15.9K
CADE
888
DELISTED
Cadence Bank
CADE
$1.16M 0.01%
35,744
+600
+2% +$18.5K
VSAT icon
889
Viasat
VSAT
$11.6B
$1.16M 0.01%
24,124
+700
+3% +$33.9K
SAFM
890
DELISTED
Sanderson Farms Inc
SAFM
$1.15M 0.01%
7,409
+200
+3% +$29.6K
PSB
891
DELISTED
PS Business Parks, Inc.
PSB
$1.15M 0.01%
7,409
+100
+1% +$14.4K
CHH icon
892
Choice Hotels
CHH
$4.61B
$1.14M 0.01%
10,646
+100
+0.9% +$10.7K
CATY icon
893
Cathay General Bancorp
CATY
$4.22B
$1.13M 0.01%
27,639
+400
+1% +$15.4K
CVLT icon
894
Commault Systems
CVLT
$5.76B
$1.12M 0.01%
17,403
+200
+1% +$12.7K
CMD
895
DELISTED
Cantel Medical Corporation
CMD
$1.11M 0.01%
13,925
+200
+1% +$15.6K
CBT icon
896
Cabot Corp
CBT
$4.46B
$1.1M 0.01%
21,009
+400
+2% +$19.7K
NSP icon
897
Insperity
NSP
$1.98B
$1.1M 0.01%
13,125
+100
+0.8% +$8.5K
CDP icon
898
COPT Defense Properties
CDP
$4.14B
$1.09M 0.01%
41,570
+700
+2% +$18.5K
FHI icon
899
Federated Hermes
FHI
$4.71B
$1.09M 0.01%
34,849
+500
+1% +$14.7K
PRG icon
900
PROG Holdings
PRG
$1.7B
$1.09M 0.01%
25,087
+500
+2% +$25K
34 35
36
37 38

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.