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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
DMTK
926
DELISTED
DermTech, Inc. Common Stock
DMTK
$914K 0.01%
+18,000
New +$941K
DCT
927
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
$910K 0.01%
+20,162
New +$972K
UA icon
928
Under Armour Class C
UA
$2.36B
$903K 0.01%
48,899
+4,300
+10% +$75.6K
MLKN icon
929
MillerKnoll
MLKN
$1.63B
$899K 0.01%
21,849
+400
+2% +$15.3K
TPH
930
DELISTED
Tri Pointe Homes
TPH
$899K 0.01%
44,137
-2,100
-5% -$41.3K
LULU icon
931
lululemon athletica
LULU
$14.5B
$889K 0.01%
2,900
-25,000
-90% -$8.21M
FROG icon
932
JFrog
FROG
$10.8B
$884K 0.01%
+19,918
New +$1.15M
MUR icon
933
Murphy Oil
MUR
$5.11B
$878K 0.01%
53,495
+900
+2% +$14.1K
WLY icon
934
John Wiley & Sons Class A
WLY
$2.62B
$872K 0.01%
16,093
+200
+1% +$10.2K
TRN icon
935
Trinity Industries
TRN
$2.3B
$867K 0.01%
30,427
-400
-1% -$11.8K
TREE icon
936
LendingTree
TREE
$452M
$866K 0.01%
4,068
+100
+3% +$28.5K
WOR icon
937
Worthington Enterprises
WOR
$2.81B
$859K 0.01%
20,766
-487
-2% -$18.6K
WAFD icon
938
WaFd
WAFD
$2.75B
$849K 0.01%
27,552
-100
-0.4% -$2.99K
TDS icon
939
Telephone and Data Systems
TDS
$3.79B
$847K 0.01%
36,874
+600
+2% +$12.3K
GHC icon
940
Graham Holdings Company
GHC
$4.97B
$835K 0.01%
1,484
– –
WKC icon
941
World Kinect Corp
WKC
$1.91B
$823K 0.01%
23,387
+300
+1% +$10.2K
STRA icon
942
Strategic Education
STRA
$1.87B
$818K 0.01%
8,900
– –
CNK icon
943
Cinemark Holdings
CNK
$4.33B
$816K 0.01%
39,996
+800
+2% +$16.9K
LNW
944
DELISTED
Light & Wonder
LNW
$803K 0.01%
20,845
+400
+2% +$17.9K
TRMK icon
945
Trustmark
TRMK
$2.73B
$791K 0.01%
23,492
+400
+2% +$12.5K
CMP icon
946
Compass Minerals
CMP
$1.12B
$787K 0.01%
12,541
+200
+2% +$12.8K
AVNS
947
DELISTED
Avanos Medical
AVNS
$778K ﹤0.01%
17,776
+300
+2% +$14.1K
HCSG icon
948
Healthcare Services Group
HCSG
$1.52B
$770K ﹤0.01%
27,488
+344
+1% +$10.4K
NTCT icon
949
NETSCOUT
NTCT
$2.84B
$766K ﹤0.01%
27,187
+400
+1% +$11.7K
UFS
950
DELISTED
DOMTAR CORPORATION (New)
UFS
$744K ﹤0.01%
20,129
– –
36 37
38
39 40

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.