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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
TGT icon
126
Target
TGT
$68B
$29.3M 0.19%
147,843
-200
-0.1% -$37.4K
A icon
127
Agilent Technologies
A
$41.2B
$29.3M 0.19%
230,206
+151,600
+193% +$18.7M
INTU icon
128
Intuit
INTU
$89B
$27.2M 0.17%
70,948
+2,700
+4% +$1.04M
BKNG icon
129
Booking.com
BKNG
$161B
$27M 0.17%
290,100
– –
AMT icon
130
American Tower
AMT
$80.4B
$26.7M 0.17%
111,495
-200
-0.2% -$44.5K
SFIX
131
Stitch Fix
SFIX
$560M
$25.1M 0.16%
506,983
-177,345
-26% -$12.5M
BABA icon
132
Alibaba
BABA
$308B
$25M 0.16%
110,250
– –
SCHW
133
Charles Schwab
SCHW
$187B
$24.5M 0.15%
375,640
+500
+0.1% +$30.3K
MBB icon
134
iShares MBS ETF
MBB
$39.1B
$24.5M 0.15%
225,800
-229,200
-50% -$25.1M
LRCX icon
135
Lam Research
LRCX
$390B
$24M 0.15%
402,850
-3,000
-0.7% -$163K
REGI
136
DELISTED
Renewable Energy Group, Inc.
REGI
$23.5M 0.15%
355,400
– –
EFC
137
Ellington Financial
EFC
$1.71B
$23.4M 0.15%
1,462,778
– –
XLF icon
138
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
$23.4M 0.15%
686,117
+3,500
+0.5% +$112K
ELV icon
139
Elevance Health
ELV
$85.5B
$23.1M 0.15%
64,410
-1,000
-2% -$322K
CI icon
140
Cigna
CI
$74.6B
$22.8M 0.14%
94,274
-2,600
-3% -$580K
FIS icon
141
Fidelity National Information Services
FIS
$22.1B
$22.8M 0.14%
162,033
-100
-0.1% -$13.7K
GM icon
142
General Motors
GM
$76.8B
$22.6M 0.14%
393,662
+1,500
+0.4% +$79.7K
ISRG icon
143
Intuitive Surgical
ISRG
$134B
$22.2M 0.14%
90,321
-300
-0.3% -$75.5K
CHTR icon
144
Charter Communications
CHTR
$18.2B
$21.9M 0.14%
35,516
-1,200
-3% -$750K
TCPC icon
145
BlackRock TCP Capital
TCPC
$345M
$21.4M 0.14%
1,548,039
– –
ADP icon
146
Automatic Data Processing
ADP
$108B
$21M 0.13%
111,654
-157,700
-59% -$27.4M
MDLZ icon
147
Mondelez International
MDLZ
$79.9B
$20.7M 0.13%
354,403
-5,200
-1% -$294K
PLD icon
148
Prologis
PLD
$133B
$20.6M 0.13%
194,644
-200
-0.1% -$20.4K
TJX icon
149
TJX Companies
TJX
$178B
$19.9M 0.13%
301,345
-600
-0.2% -$40.2K
TFC icon
150
Truist Financial
TFC
$64B
$19.7M 0.12%
338,126
-900
-0.3% -$49.3K
4 5
6
7 8

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.