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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
+9.95%
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
$12.6B
AUM Growth
+$1.17B
Cap. Flow
+$238M
Cap. Flow %
1.89%
Top 10 Hldgs %
25.04%
Holding
971
New
40
Increased
506
Reduced
189
Closed
15

Top Buys

Rank Stock Value
1
MTUM icon
iShares MSCI USA Momentum Factor ETF
MTUM
+$92.2M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$88.1M
3
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$82.4M
4
ALGN icon
Align Technology
ALGN
+$21.2M
5
PYPL icon
PayPal
PYPL
+$20.1M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$126M
2
RTX icon
RTX Corp
RTX
+$35.9M
3
BKNG icon
Booking.com
BKNG
+$31.3M
4
ADP icon
Automatic Data Processing
ADP
+$30M
5
NGHC
National General Holdings Corp
NGHC
+$28.1M

Sector Composition

Rank Sector Weight
1 Technology 21.93%
2 Healthcare 13.28%
3 Financials 12.53%
4 Consumer Discretionary 9.25%
5 Communication Services 8.92%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SYY icon
226
Sysco
SYY
$40.1B
$8.08M 0.06%
129,812
+200
+0.2% +$11.6K
MET icon
227
MetLife
MET
$61.7B
$8.02M 0.06%
215,775
+18,800
+10% +$714K
A icon
228
Agilent Technologies
A
$42B
$7.95M 0.06%
78,706
-200
-0.3% -$19.3K
KLAC icon
229
KLA
KLAC
$252B
$7.9M 0.06%
407,930
+12,000
+3% +$237K
WBA
230
DELISTED
Walgreens Boots Alliance
WBA
$7.88M 0.06%
219,267
+31,100
+17% +$1.22M
SSYS icon
231
Stratasys
SSYS
$769M
$7.87M 0.06%
+631,413
New +$9.22M
HPQ icon
232
HP
HPQ
$27.3B
$7.82M 0.06%
411,651
+46,400
+13% +$847K
WEC icon
233
WEC Energy
WEC
$34.6B
$7.8M 0.06%
80,510
-100
-0.1% -$9.32K
CDNS icon
234
Cadence Design Systems
CDNS
$91.4B
$7.78M 0.06%
72,954
+1,700
+2% +$179K
BBY icon
235
Best Buy
BBY
$17.4B
$7.75M 0.06%
69,685
+11,600
+20% +$1.19M
KR icon
236
Kroger
KR
$34.6B
$7.73M 0.06%
228,057
+27,300
+14% +$943K
RPT
237
Rithm Property Trust
RPT
$96M
$7.72M 0.06%
155,252
– –
VRSK icon
238
Verisk Analytics
VRSK
$23.6B
$7.68M 0.06%
41,428
– –
PPG icon
239
PPG Industries
PPG
$25.7B
$7.67M 0.06%
62,843
+2,600
+4% +$304K
MSCI icon
240
MSCI
MSCI
$40.9B
$7.62M 0.06%
21,356
-400
-2% -$145K
ALL icon
241
Allstate
ALL
$68.2B
$7.5M 0.06%
79,666
-600
-0.7% -$56K
INFO
242
DELISTED
IHS Markit Ltd. Common Shares
INFO
$7.47M 0.06%
95,189
-6,700
-7% -$534K
FAST icon
243
Fastenal
FAST
$59.8B
$7.43M 0.06%
329,744
+37,200
+13% +$855K
TT icon
244
Trane Technologies
TT
$105B
$7.41M 0.06%
61,115
– –
CTAS icon
245
Cintas
CTAS
$81.1B
$7.4M 0.06%
88,884
+2,800
+3% +$216K
ES icon
246
Eversource Energy
ES
$26.8B
$7.3M 0.06%
87,393
+1,500
+2% +$128K
ZBH icon
247
Zimmer Biomet
ZBH
$18.7B
$7.19M 0.06%
54,419
– –
ANSS
248
DELISTED
Ansys
ANSS
$7.15M 0.06%
21,854
-100
-0.5% -$31.3K
BNY
249
Bank of New York Mellon
BNY
$108B
$7.14M 0.06%
208,009
+2,200
+1% +$80.1K
DHI icon
250
D.R. Horton
DHI
$41B
$7.11M 0.06%
93,985
+9,500
+11% +$649K
8 9
10
11 12

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
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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q3 2020 Portfolio in Review

As of Q3 2020, State of Michigan Retirement System held 971 positions worth $12.6B, up 10% from $11.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

State of Michigan Retirement System's Q3 2020 filing shows 40 new, 506 increased, 189 reduced and 15 closed positions. Its largest new stake was iShares MSCI USA Momentum Factor ETF: 645,300 shares worth $95.1M. The largest sale was Apple, an estimated $126M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 23% a quarter earlier, followed by Healthcare and Financials.

  • State of Michigan Retirement System's largest Q3 2020 buy was iShares MSCI USA Momentum Factor ETF: 645,300 shares worth $95.1M.
  • State of Michigan Retirement System added most to iShares Core US Aggregate Bond ETF in Q3 2020, an estimated $88.1M increase.
  • State of Michigan Retirement System's biggest Q3 2020 reduction was Apple, cutting an estimated $126M.
  • State of Michigan Retirement System fully exited National General Holdings Corp in Q3 2020, selling an estimated $28.1M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $12.6B portfolio in Q3 2020.
  • State of Michigan Retirement System opened 40 new positions and closed 15 in Q3 2020.
  • State of Michigan Retirement System's portfolio value rose 10% quarter-over-quarter to $12.6B.

Based on State of Michigan Retirement System's 13F filing for Q3 2020, filed 26 Oct 2020.