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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
SCHW
151
Charles Schwab
SCHW
$187B
$19.9M 0.14%
375,140
+53,900
+17% +$2.44M
TMUS icon
152
T-Mobile US
TMUS
$190B
$19.8M 0.14%
146,700
-1,800
-1% -$222K
MASI
153
DELISTED
Masimo
MASI
$19.5M 0.13%
72,766
+54,400
+296% +$13.6M
PLD icon
154
Prologis
PLD
$133B
$19.4M 0.13%
194,844
-3,000
-2% -$303K
LRCX icon
155
Lam Research
LRCX
$390B
$19.2M 0.13%
405,850
-20,000
-5% -$841K
ATVI
156
DELISTED
Activision Blizzard
ATVI
$18.5M 0.13%
199,042
-4,100
-2% -$333K
BDX icon
157
Becton Dickinson
BDX
$48.2B
$18.2M 0.12%
74,719
-1,128
-1% -$263K
EXAS
158
DELISTED
Exact Sciences
EXAS
$17.5M 0.12%
+132,204
New +$16M
CB icon
159
Chubb
CB
$135B
$17.5M 0.12%
113,539
-1,600
-1% -$224K
CSX icon
160
CSX Corp
CSX
$93.1B
$17.5M 0.12%
576,969
-8,700
-1% -$250K
TCPC icon
161
BlackRock TCP Capital
TCPC
$345M
$17.4M 0.12%
1,548,039
– –
MODV
162
DELISTED
ModivCare
MODV
$17.4M 0.12%
+125,500
New +$15.6M
CCI icon
163
Crown Castle
CCI
$32.2B
$17.3M 0.12%
108,407
+1,300
+1% +$211K
FDX icon
164
FedEx
FDX
$75.4B
$17M 0.12%
65,387
-5,400
-8% -$1.5M
DUK icon
165
Duke Energy
DUK
$97.3B
$16.9M 0.12%
185,070
-11,800
-6% -$1.09M
FISV
166
Fiserv Inc
FISV
$27.9B
$16.5M 0.11%
144,558
-246,750
-63% -$26.6M
CME icon
167
CME Group
CME
$94.8B
$16.4M 0.11%
90,289
-1,200
-1% -$204K
GM icon
168
General Motors
GM
$76.8B
$16.3M 0.11%
392,162
-23,600
-6% -$917K
SO icon
169
Southern Company
SO
$107B
$16.3M 0.11%
265,582
-3,900
-1% -$234K
ILMN icon
170
Illumina
ILMN
$28.4B
$16.3M 0.11%
45,256
+5,695
+14% +$1.82M
ICE icon
171
Intercontinental Exchange
ICE
$84.4B
$16.3M 0.11%
141,110
-2,100
-1% -$218K
TFC icon
172
Truist Financial
TFC
$64B
$16.3M 0.11%
339,026
-4,800
-1% -$217K
PGR icon
173
Progressive
PGR
$125B
$16.1M 0.11%
163,175
-1,400
-0.9% -$132K
ITW icon
174
Illinois Tool Works
ITW
$84.5B
$16M 0.11%
78,543
-5,900
-7% -$1.21M
EQIX icon
175
Equinix
EQIX
$103B
$16M 0.11%
22,390
-200
-0.9% -$149K
5 6
7
8 9

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.