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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
THS
901
DELISTED
Treehouse Foods
THS
$1.08M 0.01%
20,735
+100
+0.5% +$4.73K
PZZA icon
902
Papa John's
PZZA
$768M
$1.08M 0.01%
12,194
+200
+2% +$18.9K
FLR icon
903
Fluor
FLR
$7.44B
$1.07M 0.01%
46,385
+800
+2% +$15.5K
DY icon
904
Dycom Industries
DY
$12.2B
$1.05M 0.01%
11,341
-300
-3% -$26K
UAA icon
905
Under Armour
UAA
$2.4B
$1.05M 0.01%
47,358
-100
-0.2% -$2.09K
PDCO
906
DELISTED
Patterson Companies, Inc.
PDCO
$1.03M 0.01%
32,191
-497,900
-94% -$15.9M
FULT icon
907
Fulton Financial
FULT
$4.59B
$1.02M 0.01%
60,120
+1,000
+2% +$15.5K
ENR icon
908
Energizer
ENR
$1.5B
$1.02M 0.01%
21,536
+300
+1% +$13.8K
YELP icon
909
Yelp
YELP
$1.33B
$1.02M 0.01%
26,097
+800
+3% +$29.1K
NEU icon
910
NewMarket
NEU
$8.36B
$1.01M 0.01%
2,668
– –
FCFS icon
911
FirstCash
FCFS
$9.07B
$998K 0.01%
15,198
+100
+0.7% +$6.34K
WERN icon
912
Werner Enterprises
WERN
$2.22B
$998K 0.01%
21,163
– –
NUS icon
913
Nu Skin
NUS
$256M
$996K 0.01%
18,835
+200
+1% +$10.9K
NAVI icon
914
Navient
NAVI
$795M
$974K 0.01%
68,094
+200
+0.3% +$2.46K
CELH icon
915
Celsius Holdings
CELH
$6.79B
$961K 0.01%
+60,000
New +$1.13M
IBOC icon
916
International Bancshares
IBOC
$4.5B
$958K 0.01%
20,629
+300
+1% +$13.2K
AM icon
917
Antero Midstream
AM
$10.4B
$957K 0.01%
105,990
+1,800
+2% +$15.5K
VLUE icon
918
iShares MSCI USA Value Factor ETF
VLUE
$9.51B
$948K 0.01%
9,250
-102,300
-92% -$9.86M
COTY icon
919
Coty
COTY
$2.51B
$947K 0.01%
105,100
+1,900
+2% +$14.5K
MTX icon
920
Minerals Technologies
MTX
$2.31B
$943K 0.01%
12,515
+100
+0.8% +$7.07K
URBN icon
921
Urban Outfitters
URBN
$6.81B
$943K 0.01%
25,366
+400
+2% +$12.9K
AMKR icon
922
Amkor Technology
AMKR
$13.3B
$941K 0.01%
+39,700
New +$812K
WWE
923
DELISTED
World Wrestling Entertainment
WWE
$937K 0.01%
17,277
+300
+2% +$15.8K
LGND icon
924
Ligand Pharmaceuticals
LGND
$6.27B
$933K 0.01%
9,810
+481
+5% +$45.5K
JACK icon
925
Jack in the Box
JACK
$337M
$932K 0.01%
8,488
+200
+2% +$20.3K
35 36
37
38 39

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.