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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
WW
951
DELISTED
WW International
WW
$417K ﹤0.01%
17,082
– –
PCG icon
952
PG&E
PCG
$37.5B
$414K ﹤0.01%
+33,200
New +$376K
DELL icon
953
Dell
DELL
$296B
$403K ﹤0.01%
10,852
+790
+8% +$27.5K
PPC icon
954
Pilgrim's Pride
PPC
$6.31B
$348K ﹤0.01%
17,750
– –
VST icon
955
Vistra
VST
$48.2B
$340K ﹤0.01%
17,300
+4,600
+36% +$85.7K
ON icon
956
ON Semiconductor
ON
$31.1B
$327K ﹤0.01%
10,000
-3,500
-26% -$97.7K
LNG icon
957
Cheniere Energy
LNG
$54.9B
$288K ﹤0.01%
+4,800
New +$257K
FNF icon
958
Fidelity National Financial
FNF
$12.9B
$238K ﹤0.01%
+6,344
New +$214K
ALLY icon
959
Ally Financial
ALLY
$13.3B
$235K ﹤0.01%
6,600
-5,200
-44% -$157K
EQH icon
960
Equitable Holdings
EQH
$14.4B
$225K ﹤0.01%
8,800
-4,400
-33% -$103K
VEEV icon
961
Veeva Systems
VEEV
$38.1B
$218K ﹤0.01%
800
-200
-20% -$56K
NLY icon
962
Annaly Capital Management
NLY
$17.3B
$186K ﹤0.01%
5,500
-3,350
-38% -$104K
IDYA icon
963
IDEAYA Biosciences
IDYA
$3.54B
$161K ﹤0.01%
+11,479
New +$156K
AGNC icon
964
AGNC Investment
AGNC
$12.8B
– –
-4,103,600
Closed -$57.1M
AIV
965
Aimco
AIV
$377M
– –
-285,056
Closed -$1.28M
AMCX icon
966
AMC Global Media
AMCX
$489M
– –
-14,743
Closed -$364K
AXP icon
967
American Express
AXP
$229B
– –
-99,630
Closed -$9.99M
DLX icon
968
Deluxe
DLX
$1.12B
– –
-873,100
Closed -$22.5M
G icon
969
Genpact
G
$5.73B
– –
-420,000
Closed -$16.4M
LUMN icon
970
Lumen
LUMN
$6.85B
– –
-297,062
Closed -$3M
MD icon
971
Pediatrix Medical
MD
$2.12B
– –
-31,102
Closed -$506K
NOV icon
972
NOV
NOV
$7.38B
– –
-99,074
Closed -$898K
PD icon
973
PagerDuty
PD
$916M
– –
-32,965
Closed -$894K
SBH icon
974
Sally Beauty Holdings
SBH
$1.57B
– –
-41,043
Closed -$357K
TRU icon
975
TransUnion
TRU
$15.2B
– –
-175,000
Closed -$14.7M
36 37 38
39
40

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
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
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.