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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
BRO icon
426
Brown & Brown
BRO
$23.7B
$4.07M 0.03%
85,892
+400
+0.5% +$18.4K
INCY icon
427
Incyte
INCY
$24.4B
$4.07M 0.03%
46,804
-600
-1% -$51.9K
BF.B icon
428
Brown-Forman Class B
BF.B
$12.8B
$4.07M 0.03%
51,196
+4,600
+10% +$355K
STE icon
429
Steris
STE
$23.3B
$4.07M 0.03%
21,454
-200
-0.9% -$37.3K
ULTA icon
430
Ulta Beauty
ULTA
$23.5B
$4.06M 0.03%
14,152
-1,200
-8% -$304K
CCL icon
431
Carnival Corporation Ltd
CCL
$38.5B
$4.05M 0.03%
187,028
+37,200
+25% +$661K
RVTY icon
432
Revvity
RVTY
$12.9B
$4.04M 0.03%
28,170
-400
-1% -$53.2K
DGX icon
433
Quest Diagnostics
DGX
$26.2B
$4.04M 0.03%
33,892
-400
-1% -$48.8K
KEY icon
434
KeyCorp
KEY
$24.3B
$4.03M 0.03%
245,513
-3,500
-1% -$51K
CTXS
435
DELISTED
Citrix Systems Inc
CTXS
$4.02M 0.03%
30,915
-1,600
-5% -$203K
K
436
DELISTED
Kellanova
K
$3.98M 0.03%
68,120
-852
-1% -$51.2K
NTAP icon
437
NetApp
NTAP
$39.3B
$3.97M 0.03%
59,970
-1,400
-2% -$74K
XPO icon
438
XPO
XPO
$23.5B
$3.96M 0.03%
96,168
– –
STX icon
439
Seagate
STX
$184B
$3.96M 0.03%
63,719
-3,800
-6% -$214K
ALB icon
440
Albemarle
ALB
$15.6B
$3.95M 0.03%
26,785
-1,700
-6% -$202K
RUN icon
441
Sunrun
RUN
$2.44B
$3.95M 0.03%
56,900
+10,700
+23% +$664K
NDSN icon
442
Nordson
NDSN
$17.3B
$3.94M 0.03%
19,616
– –
AES icon
443
AES
AES
$10.5B
$3.93M 0.03%
167,257
-13,300
-7% -$276K
DRE
444
DELISTED
Duke Realty Corp.
DRE
$3.92M 0.03%
98,208
-1,100
-1% -$42.9K
DRI icon
445
Darden Restaurants
DRI
$24.8B
$3.9M 0.03%
32,784
-2,600
-7% -$278K
KMX icon
446
CarMax
KMX
$8.26B
$3.89M 0.03%
41,219
-400
-1% -$37.5K
ESS icon
447
Essex Property Trust
ESS
$18.1B
$3.89M 0.03%
16,368
-300
-2% -$69.2K
WAT icon
448
Waters Corp
WAT
$40.4B
$3.85M 0.03%
15,562
-200
-1% -$45.3K
WTRG icon
449
Essential Utilities
WTRG
$11.1B
$3.84M 0.03%
81,293
– –
NDAQ icon
450
Nasdaq
NDAQ
$53.4B
$3.83M 0.03%
86,550
-1,500
-2% -$63.5K
16 17
18
19 20

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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.