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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
PEP icon
76
PepsiCo
PEP
$190B
$49M 0.31%
346,298
-1,200
-0.3% -$165K
KHC icon
77
Kraft Heinz
KHC
$30B
$48M 0.3%
1,200,019
-200
-0% -$7.2K
XYZ
78
Block Inc
XYZ
$47.5B
$47.8M 0.3%
210,646
+25,740
+14% +$6.02M
WMT icon
79
Walmart Inc
WMT
$890B
$47.3M 0.3%
1,043,973
-1,800
-0.2% -$83.4K
TXN icon
80
Texas Instruments
TXN
$261B
$45.5M 0.29%
240,829
+100
+0% +$17.4K
NKE icon
81
Nike
NKE
$61.9B
$45.5M 0.29%
342,440
+3,600
+1% +$500K
EMR icon
82
Emerson Electric
EMR
$88.3B
$45.1M 0.29%
500,204
+200
+0% +$17.2K
BRK.A icon
83
Berkshire Hathaway Class A
BRK.A
$1.12T
$44.7M 0.28%
116
– –
ZTS icon
84
Zoetis
ZTS
$30B
$42.8M 0.27%
271,942
-50,300
-16% -$7.97M
CMG icon
85
Chipotle Mexican Grill
CMG
$41.5B
$42.7M 0.27%
1,501,250
+250,000
+20% +$7.23M
BBY icon
86
Best Buy
BBY
$17.3B
$42.5M 0.27%
370,585
-100
-0% -$11.2K
MCD icon
87
McDonald's
MCD
$195B
$42M 0.27%
187,163
-200
-0.1% -$42.8K
IQV icon
88
IQVIA
IQV
$39.3B
$41.4M 0.26%
214,504
-200
-0.1% -$37.5K
NOW icon
89
ServiceNow
NOW
$129B
$41.1M 0.26%
411,000
-84,500
-17% -$8.92M
C icon
90
Citigroup
C
$226B
$40.9M 0.26%
561,514
+400
+0.1% +$26.7K
HON icon
91
Honeywell
HON
$78B
$40.2M 0.25%
196,312
-2,015
-1% -$393K
MDT icon
92
Medtronic
MDT
$112B
$40M 0.25%
338,337
-100
-0% -$11.7K
FMC icon
93
FMC
FMC
$1.33B
$39.3M 0.25%
354,967
-200
-0.1% -$22.2K
COST icon
94
Costco
COST
$420B
$39.2M 0.25%
111,105
+200
+0.2% +$69.6K
QCOM icon
95
Qualcomm
QCOM
$176B
$37.8M 0.24%
285,074
+700
+0.2% +$101K
LDOS icon
96
Leidos
LDOS
$17.3B
$37.4M 0.24%
388,577
+70,600
+22% +$7.13M
LLY icon
97
Eli Lilly
LLY
$1.06T
$37.3M 0.24%
199,694
– –
NEE icon
98
NextEra Energy
NEE
$177B
$37.2M 0.24%
491,860
-800
-0.2% -$62.4K
UNP icon
99
Union Pacific
UNP
$174B
$37.1M 0.23%
168,148
-1,300
-0.8% -$273K
SNAP icon
100
Snap
SNAP
$9.01B
$36.8M 0.23%
704,370
-205,440
-23% -$11.8M
2 3
4
5 6

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.