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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
BKNG icon
126
Booking.com
BKNG
$161B
$25.8M 0.18%
290,100
– –
BABA icon
127
Alibaba
BABA
$308B
$25.7M 0.18%
+110,250
New +$30.6M
MS icon
128
Morgan Stanley
MS
$340B
$25.6M 0.17%
373,422
+47,177
+14% +$2.71M
MU icon
129
Micron Technology
MU
$991B
$25.2M 0.17%
334,963
-18,300
-5% -$1.1M
REGI
130
DELISTED
Renewable Energy Group, Inc.
REGI
$25.2M 0.17%
+355,400
New +$21.7M
GLOB icon
131
Globant
GLOB
$1.61B
$25.2M 0.17%
115,600
– –
SSYS icon
132
Stratasys
SSYS
$774M
$25.1M 0.17%
1,212,758
+581,345
+92% +$9.33M
AMT icon
133
American Tower
AMT
$80.4B
$25.1M 0.17%
111,695
-1,500
-1% -$349K
CAT icon
134
Caterpillar
CAT
$387B
$24.9M 0.17%
136,576
-1,600
-1% -$271K
ISRG icon
135
Intuitive Surgical
ISRG
$134B
$24.7M 0.17%
90,621
-1,800
-2% -$447K
GE icon
136
GE Aerospace
GE
$384B
$24.4M 0.17%
452,895
+4,755
+1% +$213K
CHTR icon
137
Charter Communications
CHTR
$18.2B
$24.3M 0.17%
36,716
-1,500
-4% -$955K
TWO
138
Two Harbors Investment
TWO
$1.27B
$24.2M 0.17%
950,000
– –
GS icon
139
Goldman Sachs
GS
$303B
$23.9M 0.16%
90,583
-3,200
-3% -$712K
FIS icon
140
Fidelity National Information Services
FIS
$22.1B
$22.9M 0.16%
162,133
-156,000
-49% -$22.3M
MSCI icon
141
MSCI
MSCI
$40.9B
$22.5M 0.15%
50,356
+29,000
+136% +$11.4M
FITB
142
Fifth Third Bancorp
FITB
$51.8B
$22.2M 0.15%
805,576
+616,100
+325% +$15.5M
EFC
143
Ellington Financial
EFC
$1.71B
$21.7M 0.15%
1,462,778
– –
DE icon
144
Deere & Co
DE
$168B
$21.2M 0.14%
78,789
-1,200
-2% -$298K
MDLZ icon
145
Mondelez International
MDLZ
$79.9B
$21M 0.14%
359,603
-4,900
-1% -$280K
ELV icon
146
Elevance Health
ELV
$85.5B
$21M 0.14%
65,410
-2,300
-3% -$706K
MO icon
147
Altria Group
MO
$114B
$20.6M 0.14%
503,524
-788,600
-61% -$31.7M
TJX icon
148
TJX Companies
TJX
$178B
$20.6M 0.14%
301,945
-27,800
-8% -$1.69M
CI icon
149
Cigna
CI
$74.6B
$20.2M 0.14%
96,874
-3,600
-4% -$706K
XLF icon
150
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
$20.1M 0.14%
682,617
-1,105,800
-62% -$29.6M
4 5
6
7 8

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.