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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
LIN icon
101
Linde
LIN
$226B
$36.8M 0.23%
131,264
-700
-0.5% -$182K
CAG icon
102
Conagra Brands
CAG
$7.23B
$35.9M 0.23%
955,617
-200
-0% -$7.07K
DHR icon
103
Danaher
DHR
$144B
$35.8M 0.23%
179,395
+113
+0.1% +$22.9K
BA icon
104
Boeing
BA
$185B
$35.1M 0.22%
137,671
+4,200
+3% +$934K
APD icon
105
Air Products & Chemicals
APD
$67.6B
$34.6M 0.22%
122,985
-65,000
-35% -$17.7M
KEYS icon
106
Keysight
KEYS
$58.3B
$33.9M 0.21%
236,702
+100
+0% +$14.2K
FOXA icon
107
Fox Class A
FOXA
$26.9B
$33.7M 0.21%
931,894
-1,000
-0.1% -$35K
MCO icon
108
Moody's
MCO
$82.7B
$33.3M 0.21%
111,348
– –
GLOB icon
109
Globant
GLOB
$1.61B
$33.1M 0.21%
159,600
+44,000
+38% +$9.34M
NXPI icon
110
NXP Semiconductors
NXPI
$60.4B
$33.1M 0.21%
164,300
+160,600
+4,341% +$29.3M
SBUX icon
111
Starbucks
SBUX
$120B
$32.3M 0.2%
295,442
+300
+0.1% +$31.5K
CL icon
112
Colgate-Palmolive
CL
$74.4B
$32.2M 0.2%
408,436
-2,600
-0.6% -$204K
CAT icon
113
Caterpillar
CAT
$387B
$31.7M 0.2%
136,876
+300
+0.2% +$62.1K
UPS icon
114
United Parcel Service
UPS
$88.9B
$30.7M 0.19%
180,619
+800
+0.4% +$129K
TWTR
115
DELISTED
Twitter, Inc.
TWTR
$30.7M 0.19%
481,956
-21,150
-4% -$1.29M
RTX icon
116
RTX Corp
RTX
$301B
$30.6M 0.19%
396,242
-600
-0.2% -$43.8K
KMB icon
117
Kimberly-Clark
KMB
$36.5B
$30.6M 0.19%
220,067
-700
-0.3% -$92.9K
MS icon
118
Morgan Stanley
MS
$340B
$30.3M 0.19%
390,622
+17,200
+5% +$1.32M
FITB
119
Fifth Third Bancorp
FITB
$51.8B
$30.1M 0.19%
804,876
-700
-0.1% -$23.7K
MMM icon
120
3M
MMM
$94.3B
$29.7M 0.19%
184,392
+359
+0.2% +$53.7K
BLK icon
121
Blackrock
BLK
$176B
$29.6M 0.19%
39,298
-100
-0.3% -$72.5K
MU icon
122
Micron Technology
MU
$991B
$29.6M 0.19%
335,763
+800
+0.2% +$67.9K
GE icon
123
GE Aerospace
GE
$384B
$29.6M 0.19%
452,454
-441
-0.1% -$26.7K
GS icon
124
Goldman Sachs
GS
$303B
$29.6M 0.19%
90,483
-100
-0.1% -$31.1K
DE icon
125
Deere & Co
DE
$168B
$29.4M 0.19%
78,689
-100
-0.1% -$32.8K
3 4
5
6 7

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.