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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
LMT icon
51
Lockheed Martin
LMT
$136B
$63.5M 0.43%
178,890
-900
-0.5% -$331K
ARI
52
Apollo Commercial Real Estate
ARI
$885M
$61M 0.42%
5,459,968
– –
INTC icon
53
Intel
INTC
$513B
$60.5M 0.41%
1,213,635
-638,000
-34% -$31.2M
T icon
54
AT&T
T
$163B
$59M 0.4%
2,717,922
-49,517
-2% -$1.07M
ADSK icon
55
Autodesk
ADSK
$52.6B
$58.9M 0.4%
193,003
+137,000
+245% +$36.1M
ALGN icon
56
Align Technology
ALGN
$12.3B
$58.6M 0.4%
109,662
+22,000
+25% +$9.89M
BAC icon
57
Bank of America
BAC
$442B
$58M 0.4%
1,914,302
-31,200
-2% -$836K
KO icon
58
Coca-Cola
KO
$375B
$56.9M 0.39%
1,038,222
-24,400
-2% -$1.26M
USB icon
59
US Bancorp
USB
$99.6B
$56.6M 0.39%
1,214,699
-660,200
-35% -$27.9M
PFE icon
60
Pfizer
PFE
$153B
$54.7M 0.37%
1,485,732
-124,919
-8% -$4.58M
NOW icon
61
ServiceNow
NOW
$129B
$54.5M 0.37%
495,500
+31,000
+7% +$3.22M
ZTS icon
62
Zoetis
ZTS
$30B
$53.3M 0.36%
322,242
+1,000
+0.3% +$163K
CTSH icon
63
Cognizant
CTSH
$26B
$52.9M 0.36%
645,469
-2,200
-0.3% -$167K
PEP icon
64
PepsiCo
PEP
$190B
$51.5M 0.35%
347,498
-5,800
-2% -$824K
APD icon
65
Air Products & Chemicals
APD
$67.6B
$51.4M 0.35%
187,985
-1,300
-0.7% -$366K
ETRN
66
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$51M 0.35%
6,340,955
+100
+0% +$798
GIS icon
67
General Mills
GIS
$19.7B
$50.8M 0.35%
863,321
+707,400
+454% +$42.8M
AMGN icon
68
Amgen
AMGN
$222B
$50.6M 0.35%
220,282
-69,300
-24% -$16M
WMT icon
69
Walmart Inc
WMT
$890B
$50.2M 0.34%
1,045,773
-17,100
-2% -$830K
MBB icon
70
iShares MBS ETF
MBB
$39.1B
$50.1M 0.34%
+455,000
New +$50.1M
GPN icon
71
Global Payments
GPN
$22.8B
$49M 0.33%
227,580
-118,600
-34% -$22.1M
ABT icon
72
Abbott
ABT
$187B
$48.8M 0.33%
445,719
-6,100
-1% -$663K
NKE icon
73
Nike
NKE
$61.9B
$47.9M 0.33%
338,840
-13,000
-4% -$1.72M
ADP icon
74
Automatic Data Processing
ADP
$108B
$47.5M 0.32%
269,354
+155,400
+136% +$25.5M
LH icon
75
Labcorp
LH
$25.9B
$46.7M 0.32%
267,076
+238,154
+823% +$41.1M
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.