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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
BGS icon
976
B&G Foods
BGS
$277M
– –
-435,000
Closed -$12.1M
DNLI icon
977
Denali Therapeutics
DNLI
$3.94B
– –
-324,028
Closed -$27.1M
EARN
978
Ellington Residential Mortgage REIT
EARN
$163M
– –
-580,000
Closed -$7.56M
EPC icon
979
Edgewell Personal Care
EPC
$1.28B
– –
-19,779
Closed -$684K
FTI icon
980
TechnipFMC
FTI
$28.5B
– –
-142,839
Closed -$999K
HNI icon
981
HNI Corp
HNI
$3.56B
– –
-15,528
Closed -$535K
IDYA icon
982
IDEAYA Biosciences
IDYA
$3.56B
– –
-11,479
Closed -$161K
MCRB icon
983
Seres Therapeutics
MCRB
$48.6M
– –
-18,006
Closed -$8.82M
OI icon
984
O-I Glass
OI
$1.07B
– –
-57,231
Closed -$681K
PBH icon
985
Prestige Consumer Healthcare
PBH
$2.53B
– –
-18,266
Closed -$637K
PINS icon
986
Pinterest
PINS
$13.7B
– –
-1,266,569
Closed -$83.5M
TWO
987
Two Harbors Investment
TWO
$1.27B
– –
-950,000
Closed -$24.2M
WORK
988
DELISTED
Slack Technologies, Inc.
WORK
– –
-52,023
Closed -$2.2M
EV
989
DELISTED
Eaton Vance Corp.
EV
– –
-41,564
Closed -$2.82M
CXO
990
DELISTED
CONCHO RESOURCES INC.
CXO
– –
-56,828
Closed -$3.32M
WPX
991
DELISTED
WPX Energy, Inc.
WPX
– –
-147,128
Closed -$1.2M
TIF
992
DELISTED
Tiffany & Co.
TIF
– –
-27,177
Closed -$3.57M
36 37 38 39
40

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FAM
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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
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Luther King Capital Management (LKCM)
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DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
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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.