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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
ALB icon
201
Albemarle
ALB
$15.5B
$13M 0.08%
89,285
+62,500
+233% +$10M
NOC icon
202
Northrop Grumman
NOC
$81.2B
$12.9M 0.08%
39,933
-100
-0.2% -$30.1K
REGN icon
203
Regeneron Pharmaceuticals
REGN
$80.8B
$12.9M 0.08%
27,192
– –
WM icon
204
Waste Management
WM
$91B
$12.6M 0.08%
97,674
-100
-0.1% -$11.7K
HCA icon
205
HCA Healthcare
HCA
$89.5B
$12.5M 0.08%
66,582
+200
+0.3% +$35.3K
DG icon
206
Dollar General
DG
$27.9B
$12.5M 0.08%
61,508
-160,100
-72% -$31.8M
MET icon
207
MetLife
MET
$62.1B
$12.3M 0.08%
201,575
-3,700
-2% -$204K
NEM icon
208
Newmont
NEM
$119B
$12.1M 0.08%
200,826
-1,200
-0.6% -$71.8K
FCX icon
209
Freeport-McMoran
FCX
$97.5B
$12.1M 0.08%
366,063
+700
+0.2% +$22.7K
DOW icon
210
Dow Inc
DOW
$21.2B
$12M 0.08%
186,991
+500
+0.3% +$29.9K
EXC icon
211
Exelon
EXC
$47B
$11.9M 0.08%
381,887
-280
-0.1% -$8.41K
HPQ icon
212
HP
HPQ
$27.5B
$11.7M 0.07%
368,551
-31,000
-8% -$856K
WBA
213
DELISTED
Walgreens Boots Alliance
WBA
$11.7M 0.07%
212,667
-800
-0.4% -$39.5K
JCI icon
214
Johnson Controls International
JCI
$92.2B
$11.5M 0.07%
193,285
-1,300
-0.7% -$71.5K
PLTR icon
215
Palantir
PLTR
$413B
$11.5M 0.07%
+493,000
New +$13.5M
ROST icon
216
Ross Stores
ROST
$81.9B
$11.5M 0.07%
95,698
-100
-0.1% -$11.9K
TEL icon
217
TE Connectivity
TEL
$62.6B
$11.3M 0.07%
87,701
-200
-0.2% -$25.7K
EOG icon
218
EOG Resources
EOG
$70.7B
$11.2M 0.07%
154,224
-300
-0.2% -$19.1K
TROW icon
219
T. Rowe Price
TROW
$24.3B
$11M 0.07%
64,338
+300
+0.5% +$49.2K
CMI icon
220
Cummins
CMI
$88.7B
$10.9M 0.07%
42,184
– –
PSNL icon
221
Personalis
PSNL
$1.51B
$10.9M 0.07%
443,798
+39,878
+10% +$1.37M
GD icon
222
General Dynamics
GD
$106B
$10.9M 0.07%
60,002
-300
-0.5% -$49K
LHX icon
223
L3Harris
LHX
$53.4B
$10.8M 0.07%
53,334
-1,200
-2% -$225K
PSA icon
224
Public Storage
PSA
$61.3B
$10.8M 0.07%
43,800
– –
AIG icon
225
American International
AIG
$41.3B
$10.8M 0.07%
233,596
+400
+0.2% +$17.3K
7 8
9
10 11

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.