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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
NOC icon
201
Northrop Grumman
NOC
$81.2B
$12.2M 0.08%
40,033
+500
+1% +$153K
NEM icon
202
Newmont
NEM
$119B
$12.1M 0.08%
202,026
-2,900
-1% -$179K
BGS icon
203
B&G Foods
BGS
$286M
$12.1M 0.08%
+435,000
New +$12.3M
COF icon
204
Capital One
COF
$134B
$12.1M 0.08%
121,904
-6,200
-5% -$527K
ROST icon
205
Ross Stores
ROST
$81.9B
$11.8M 0.08%
95,798
-3,600
-4% -$377K
WM icon
206
Waste Management
WM
$91B
$11.5M 0.08%
97,774
-1,400
-1% -$163K
EXC icon
207
Exelon
EXC
$47B
$11.5M 0.08%
382,167
-1,404,383
-79% -$41.4M
ROP icon
208
Roper Technologies
ROP
$39.8B
$11.4M 0.08%
26,347
-400
-1% -$164K
AZEK
209
DELISTED
The AZEK Co
AZEK
$11.2M 0.08%
290,000
+20,000
+7% +$722K
QRVO icon
210
Qorvo
QRVO
$8.74B
$11.1M 0.08%
66,763
+33,800
+103% +$4.97M
HCA icon
211
HCA Healthcare
HCA
$89.5B
$10.9M 0.07%
66,382
-900
-1% -$132K
EA
212
DELISTED
Electronic Arts
EA
$10.8M 0.07%
74,952
-1,300
-2% -$168K
COP icon
213
ConocoPhillips
COP
$141B
$10.7M 0.07%
268,580
-5,100
-2% -$188K
IDXX icon
214
Idexx Laboratories
IDXX
$46.2B
$10.7M 0.07%
21,454
-200
-0.9% -$89.5K
TEL icon
215
TE Connectivity
TEL
$62.6B
$10.6M 0.07%
87,901
-200
-0.2% -$22K
KLAC icon
216
KLA
KLAC
$259B
$10.4M 0.07%
402,930
-5,000
-1% -$117K
AEP icon
217
American Electric Power
AEP
$68.4B
$10.4M 0.07%
124,823
-1,800
-1% -$156K
DOW icon
218
Dow Inc
DOW
$21.2B
$10.3M 0.07%
186,491
-2,600
-1% -$134K
LHX icon
219
L3Harris
LHX
$53.4B
$10.3M 0.07%
54,534
-600
-1% -$110K
BAX icon
220
Baxter International
BAX
$14.2B
$10.3M 0.07%
128,455
-700
-0.5% -$55.4K
F icon
221
Ford
F
$55.7B
$10.3M 0.07%
1,170,853
-54,300
-4% -$455K
PSA icon
222
Public Storage
PSA
$61.3B
$10.1M 0.07%
43,800
-100
-0.2% -$22.9K
SNPS icon
223
Synopsys
SNPS
$79.7B
$9.96M 0.07%
38,423
-300
-0.8% -$69.2K
CDNS icon
224
Cadence Design Systems
CDNS
$93.4B
$9.86M 0.07%
72,254
-700
-1% -$82.1K
APH icon
225
Amphenol
APH
$209B
$9.83M 0.07%
300,792
-3,600
-1% -$111K
7 8
9
10 11

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.