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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
+16.07%
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
$14.7B
AUM Growth
+$2.07B
Cap. Flow
+$354M
Cap. Flow %
2.42%
Top 10 Hldgs %
23.75%
Holding
986
New
30
Increased
237
Reduced
486
Closed
23

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$132M
2
BMY icon
Bristol-Myers Squibb
BMY
+$104M
3
TSLA icon
Tesla
TSLA
+$97.6M
4
MBB icon
iShares MBS ETF
MBB
+$50.1M
5
GILD icon
Gilead Sciences
GILD
+$47.7M

Top Sells

Rank Stock Value
1
PINS icon
Pinterest
PINS
+$84M
2
AGNC icon
AGNC Investment
AGNC
+$57.1M
3
JPM icon
JPMorgan Chase
JPM
+$52.7M
4
AVY icon
Avery Dennison
AVY
+$46.3M
5
CBRE icon
CBRE Group
CBRE
+$46M

Sector Composition

Rank Sector Weight
1 Technology 22.87%
2 Healthcare 14.37%
3 Financials 11.76%
4 Consumer Discretionary 10.09%
5 Communication Services 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DLR icon
226
Digital Realty Trust
DLR
$70.8B
$9.82M 0.07%
70,422
+1,800
+3% +$257K
HPQ icon
227
HP
HPQ
$27.4B
$9.82M 0.07%
399,551
-12,100
-3% -$254K
RPT
228
Rithm Property Trust
RPT
$95.4M
$9.74M 0.07%
155,252
– –
LULU icon
229
lululemon athletica
LULU
$14.5B
$9.71M 0.07%
27,900
+25,300
+973% +$8.79M
TROW icon
230
T. Rowe Price
TROW
$24.3B
$9.7M 0.07%
64,038
-1,000
-2% -$143K
VLUE icon
231
iShares MSCI USA Value Factor ETF
VLUE
$9.48B
$9.7M 0.07%
111,550
+85,550
+329% +$6.96M
MET icon
232
MetLife
MET
$61.7B
$9.64M 0.07%
205,275
-10,500
-5% -$455K
CMI icon
233
Cummins
CMI
$87.5B
$9.58M 0.07%
42,184
-5,800
-12% -$1.3M
SYY icon
234
Sysco
SYY
$40.1B
$9.51M 0.06%
128,112
-1,700
-1% -$117K
FCX icon
235
Freeport-McMoran
FCX
$98.6B
$9.51M 0.06%
365,363
-5,200
-1% -$108K
STZ icon
236
Constellation Brands
STZ
$22.7B
$9.33M 0.06%
42,587
-300
-0.7% -$59K
A icon
237
Agilent Technologies
A
$41.9B
$9.31M 0.06%
78,606
-100
-0.1% -$11.1K
SRE icon
238
Sempra
SRE
$55.1B
$9.25M 0.06%
145,176
-2,400
-2% -$154K
MNST icon
239
Monster Beverage
MNST
$89.5B
$9.23M 0.06%
199,584
-5,200
-3% -$218K
CNC icon
240
Centene
CNC
$32.9B
$9.17M 0.06%
152,780
-2,200
-1% -$140K
JCI icon
241
Johnson Controls International
JCI
$91.7B
$9.07M 0.06%
194,585
-18,500
-9% -$822K
SPH icon
242
Suburban Propane Partners
SPH
$1.18B
$9.06M 0.06%
610,000
– –
MCHP icon
243
Microchip Technology
MCHP
$44.5B
$9.04M 0.06%
130,894
+2,000
+2% +$125K
XLNX
244
DELISTED
Xilinx Inc
XLNX
$9.01M 0.06%
63,537
-800
-1% -$104K
ALXN
245
DELISTED
Alexion Pharmaceuticals
ALXN
$8.99M 0.06%
57,561
-700
-1% -$90K
GD icon
246
General Dynamics
GD
$107B
$8.97M 0.06%
60,302
+1,000
+2% +$146K
TRV icon
247
Travelers Companies
TRV
$78.3B
$8.95M 0.06%
63,745
-900
-1% -$116K
DXCM icon
248
DexCom
DXCM
$33.1B
$8.93M 0.06%
96,608
-1,200
-1% -$107K
BNY
249
Bank of New York Mellon
BNY
$108B
$8.92M 0.06%
210,209
+2,200
+1% +$84.5K
PPG icon
250
PPG Industries
PPG
$25.6B
$8.88M 0.06%
61,543
-1,300
-2% -$181K
8 9
10
11 12

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

State of Michigan Retirement System's Q4 2020 Portfolio in Review

As of Q4 2020, State of Michigan Retirement System held 986 positions worth $14.7B, up 16% from $12.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System's Q4 2020 filing shows 30 new, 237 increased, 486 reduced and 23 closed positions. Its largest new stake was Tesla: 572,100 shares worth $135M. The largest sale was Pinterest, an estimated $84M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q4 2020 buy was Tesla: 572,100 shares worth $135M.
  • State of Michigan Retirement System added most to Apple in Q4 2020, an estimated $132M increase.
  • State of Michigan Retirement System's biggest Q4 2020 reduction was Pinterest, cutting an estimated $84M.
  • State of Michigan Retirement System fully exited AGNC Investment in Q4 2020, selling an estimated $57.1M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $14.7B portfolio in Q4 2020.
  • State of Michigan Retirement System opened 30 new positions and closed 23 in Q4 2020.
  • State of Michigan Retirement System's portfolio value rose 16% quarter-over-quarter to $14.7B.

Based on State of Michigan Retirement System's 13F filing for Q4 2020, filed 1 Feb 2021.