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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
AAPL icon
1
Apple
AAPL
$4.54T
$791M 5.4%
5,957,954
+1,098,555
+23% +$132M
MSFT icon
2
Microsoft
MSFT
$3.45T
$554M 3.78%
2,489,825
-197,200
-7% -$42.4M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$459M 3.14%
1,228,750
+62,100
+5% +$22M
AMZN icon
4
Amazon
AMZN
$2.92T
$436M 2.98%
2,679,420
-32,000
-1% -$5.11M
LQD icon
5
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$272M 1.86%
1,970,500
– –
AGG icon
6
iShares Core US Aggregate Bond ETF
AGG
$137B
$263M 1.79%
2,223,300
– –
META icon
7
Meta Platforms (Facebook)
META
$1.42T
$197M 1.35%
721,757
-6,300
-0.9% -$1.73M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.36T
$181M 1.24%
2,067,580
-28,000
-1% -$2.36M
ATH
9
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$168M 1.15%
3,903,000
-1,800
-0% -$71.3K
V icon
10
Visa
V
$684B
$158M 1.08%
723,949
-128,700
-15% -$26.3M
JNJ icon
11
Johnson & Johnson
JNJ
$618B
$151M 1.03%
960,287
+81,800
+9% +$12.1M
BRK.B icon
12
Berkshire Hathaway Class B
BRK.B
$1.1T
$149M 1.02%
643,462
-57,480
-8% -$12.7M
SPG icon
13
Simon Property Group
SPG
$74.4B
$144M 0.98%
1,683,435
+1,400
+0.1% +$107K
BMY icon
14
Bristol-Myers Squibb
BMY
$133B
$142M 0.97%
2,291,043
+1,697,200
+286% +$104M
TSLA icon
15
Tesla
TSLA
$1.23T
$135M 0.92%
+572,100
New +$97.6M
UNH icon
16
UnitedHealth
UNH
$376B
$131M 0.9%
374,515
-300
-0.1% -$101K
GOOG icon
17
Alphabet (Google) Class C
GOOG
$4.36T
$129M 0.88%
1,475,220
-48,000
-3% -$4.05M
TMO icon
18
Thermo Fisher Scientific
TMO
$213B
$125M 0.86%
269,418
-11,100
-4% -$5.2M
PYPL icon
19
PayPal
PYPL
$48.9B
$124M 0.85%
529,620
+45,200
+9% +$9.37M
HD icon
20
Home Depot
HD
$331B
$121M 0.83%
456,056
-125,500
-22% -$34.5M
CMCSA icon
21
Comcast
CMCSA
$85B
$120M 0.82%
2,282,046
+9,400
+0.4% +$450K
MA icon
22
Mastercard
MA
$506B
$118M 0.8%
329,764
-43,800
-12% -$14.6M
CVS icon
23
CVS Health
CVS
$133B
$114M 0.78%
1,670,063
-297,600
-15% -$19.4M
VZ icon
24
Verizon
VZ
$195B
$113M 0.77%
1,927,535
+379,900
+25% +$22.6M
ADBE icon
25
Adobe
ADBE
$99.5B
$111M 0.76%
221,799
-1,400
-0.6% -$676K
1
2 3 4 5

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
SAM
SEB Asset Management Stockholm $23.4B AUM

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.