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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
SPNT icon
151
SiriusPoint
SPNT
$2.68B
$19.6M 0.12%
1,930,000
-1,920,000
-50% -$19.5M
GPMT
152
Granite Point Mortgage Trust
GPMT
$61.2M
$19.2M 0.12%
1,600,000
– –
USB icon
153
US Bancorp
USB
$99.6B
$19M 0.12%
343,099
-871,600
-72% -$43.5M
FDX icon
154
FedEx
FDX
$75.4B
$18.7M 0.12%
65,787
+400
+0.6% +$103K
PNC icon
155
PNC Financial Services
PNC
$101B
$18.7M 0.12%
106,447
-100
-0.1% -$16.5K
CCI icon
156
Crown Castle
CCI
$32.2B
$18.6M 0.12%
108,207
-200
-0.2% -$32K
DUK icon
157
Duke Energy
DUK
$97.3B
$18.6M 0.12%
192,870
+7,800
+4% +$712K
MODV
158
DELISTED
ModivCare
MODV
$18.6M 0.12%
125,500
– –
ATVI
159
DELISTED
Activision Blizzard
ATVI
$18.5M 0.12%
199,142
+100
+0.1% +$9.4K
CSX icon
160
CSX Corp
CSX
$93.1B
$18.4M 0.12%
573,969
-3,000
-0.5% -$91.6K
CME icon
161
CME Group
CME
$94.8B
$18.4M 0.12%
90,089
-200
-0.2% -$39.4K
TMUS icon
162
T-Mobile US
TMUS
$190B
$18.4M 0.12%
146,600
-100
-0.1% -$12.6K
SSYS icon
163
Stratasys
SSYS
$774M
$18.1M 0.11%
697,503
-515,255
-42% -$17.8M
COP icon
164
ConocoPhillips
COP
$141B
$18M 0.11%
339,998
+71,418
+27% +$3.52M
CB icon
165
Chubb
CB
$135B
$17.9M 0.11%
113,039
-500
-0.4% -$80.6K
BDX icon
166
Becton Dickinson
BDX
$48.2B
$17.7M 0.11%
74,719
– –
EXAS
167
DELISTED
Exact Sciences
EXAS
$17.4M 0.11%
132,204
– –
ITW icon
168
Illinois Tool Works
ITW
$84.5B
$17.4M 0.11%
78,443
-100
-0.1% -$20.8K
FISV
169
Fiserv Inc
FISV
$27.9B
$17.2M 0.11%
144,458
-100
-0.1% -$11.5K
NSC icon
170
Norfolk Southern
NSC
$75.1B
$17M 0.11%
63,211
-700
-1% -$177K
GPN icon
171
Global Payments
GPN
$22.8B
$16.9M 0.11%
84,063
-143,517
-63% -$28.6M
TSM icon
172
TSMC
TSM
$2.18T
$16.9M 0.11%
142,600
– –
MASI
173
DELISTED
Masimo
MASI
$16.8M 0.11%
73,166
+400
+0.5% +$100K
EL icon
174
Estee Lauder
EL
$32B
$16.8M 0.11%
57,701
+700
+1% +$192K
DAVA icon
175
Endava
DAVA
$156M
$16.8M 0.11%
198,000
– –
5 6
7
8 9

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.