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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
GPMT
176
Granite Point Mortgage Trust
GPMT
$61.2M
$16M 0.11%
1,600,000
– –
PNC icon
177
PNC Financial Services
PNC
$101B
$15.9M 0.11%
106,547
-1,800
-2% -$230K
PDCO
178
DELISTED
Patterson Companies, Inc.
PDCO
$15.7M 0.11%
530,091
+498,500
+1,578% +$14.1M
SHW icon
179
Sherwin-Williams
SHW
$89.8B
$15.7M 0.11%
64,047
+1,200
+2% +$285K
TSM icon
180
TSMC
TSM
$2.18T
$15.5M 0.11%
+142,600
New +$13.5M
VRTX icon
181
Vertex Pharmaceuticals
VRTX
$126B
$15.5M 0.11%
65,434
-118,500
-64% -$27.2M
D icon
182
Dominion Energy
D
$59.3B
$15.4M 0.11%
205,123
-9,300
-4% -$739K
DAVA icon
183
Endava
DAVA
$156M
$15.2M 0.1%
+198,000
New +$13.4M
NSC icon
184
Norfolk Southern
NSC
$75.1B
$15.2M 0.1%
63,911
-1,200
-2% -$273K
EL icon
185
Estee Lauder
EL
$32B
$15.2M 0.1%
57,001
-7,200
-11% -$1.73M
COHR icon
186
Coherent
COHR
$74.2B
$15M 0.1%
197,586
+159,800
+423% +$9.47M
MRSH
187
Marsh
MRSH
$91.5B
$14.9M 0.1%
127,536
-1,700
-1% -$193K
XLV icon
188
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$14.9M 0.1%
131,228
+6,200
+5% +$677K
PSNL icon
189
Personalis
PSNL
$1.51B
$14.8M 0.1%
+403,920
New +$12.2M
EW icon
190
Edwards Lifesciences
EW
$51.7B
$14.7M 0.1%
161,243
-2,900
-2% -$241K
PTON icon
191
Peloton Interactive
PTON
$2.49B
$14.7M 0.1%
96,870
+59,870
+162% +$7.29M
ECL icon
192
Ecolab
ECL
$79.9B
$14.1M 0.1%
65,395
-1,000
-2% -$209K
ADI icon
193
Analog Devices
ADI
$190B
$13.7M 0.09%
92,903
-1,400
-1% -$186K
HUM icon
194
Humana
HUM
$46.2B
$13.6M 0.09%
33,255
-500
-1% -$208K
AON icon
195
Aon
AON
$76B
$13.5M 0.09%
63,724
-400
-0.6% -$81.7K
REGN icon
196
Regeneron Pharmaceuticals
REGN
$80.8B
$13.1M 0.09%
27,192
-200
-0.7% -$108K
DD icon
197
DuPont de Nemours
DD
$19.2B
$13.1M 0.09%
147,006
-2,151
-1% -$169K
BSX icon
198
Boston Scientific
BSX
$71.5B
$12.9M 0.09%
360,065
-5,000
-1% -$180K
ETN icon
199
Eaton
ETN
$174B
$12.8M 0.09%
106,300
-7,900
-7% -$893K
SPOT icon
200
Spotify
SPOT
$100B
$12.6M 0.09%
39,931
+15,385
+63% +$4.34M
6 7
8
9 10

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.