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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
MTUM icon
26
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
$110M 0.75%
682,100
+36,800
+6% +$5.64M
UGI icon
27
UGI
UGI
$7.33B
$110M 0.75%
3,139,808
+1,000
+0% +$35K
ABBV icon
28
AbbVie
ABBV
$435B
$104M 0.71%
969,550
+217,700
+29% +$20.9M
NVDA icon
29
NVIDIA
NVDA
$5.42T
$102M 0.7%
7,826,840
+1,528,000
+24% +$20.5M
ACN icon
30
Accenture
ACN
$108B
$99.7M 0.68%
381,653
+54,000
+16% +$12.9M
JPM icon
31
JPMorgan Chase
JPM
$950B
$97.4M 0.66%
766,543
-471,100
-38% -$52.7M
SYK icon
32
Stryker
SYK
$130B
$96.2M 0.66%
392,727
-1,200
-0.3% -$272K
FTAI icon
33
FTAI Aviation
FTAI
$22.2B
$88.6M 0.6%
4,422,777
– –
AVGO icon
34
Broadcom
AVGO
$2.04T
$88.2M 0.6%
2,014,720
+988,000
+96% +$38.5M
PG icon
35
Procter & Gamble
PG
$339B
$86.8M 0.59%
623,496
-281,300
-31% -$39.3M
DIS icon
36
Walt Disney
DIS
$181B
$84.2M 0.57%
464,848
-11,300
-2% -$1.62M
RITM icon
37
Rithm Capital
RITM
$5.69B
$83.5M 0.57%
8,404,734
– –
PINS icon
38
Pinterest
PINS
$13.4B
$83.5M 0.57%
1,266,569
-1,400,000
-53% -$84M
CSCO icon
39
Cisco
CSCO
$479B
$82.3M 0.56%
1,839,673
-243,200
-12% -$9.99M
ORCL icon
40
Oracle
ORCL
$423B
$81.4M 0.56%
1,258,028
+433,900
+53% +$25.8M
AMAT icon
41
Applied Materials
AMAT
$428B
$77.9M 0.53%
903,024
+644,500
+249% +$47.6M
PM icon
42
Philip Morris
PM
$295B
$77M 0.53%
930,651
-5,700
-0.6% -$444K
AMD icon
43
Advanced Micro Devices
AMD
$789B
$77M 0.53%
839,714
+29,690
+4% +$2.56M
CRM icon
44
Salesforce
CRM
$158B
$75.3M 0.51%
338,237
+106,045
+46% +$25.8M
LOW icon
45
Lowe's Companies
LOW
$125B
$75.1M 0.51%
467,873
+275,000
+143% +$44.7M
NFLX icon
46
Netflix
NFLX
$309B
$71.2M 0.49%
1,316,130
+121,800
+10% +$6.17M
IBM icon
47
IBM
IBM
$224B
$69.2M 0.47%
575,219
-6,067
-1% -$701K
EPAM icon
48
EPAM Systems
EPAM
$5.03B
$68.6M 0.47%
191,500
– –
MRK icon
49
Merck
MRK
$318B
$67.4M 0.46%
863,779
-14,568
-2% -$1.11M
GILD icon
50
Gilead Sciences
GILD
$165B
$66M 0.45%
1,132,460
+791,200
+232% +$47.7M
1
2
3 4 5

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 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.