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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
PEG icon
251
Public Service Enterprise Group
PEG
$37.2B
$7.09M 0.06%
129,057
-100
-0.1% -$5.29K
GLW icon
252
Corning
GLW
$136B
$7.08M 0.06%
218,565
+24,700
+13% +$763K
PRU icon
253
Prudential Financial
PRU
$42.1B
$7.07M 0.06%
111,221
+10,300
+10% +$677K
YUM icon
254
Yum! Brands
YUM
$39.7B
$7.02M 0.06%
76,895
– –
AZO icon
255
AutoZone
AZO
$50.1B
$7.01M 0.06%
5,951
– –
TRV icon
256
Travelers Companies
TRV
$78.3B
$6.99M 0.06%
64,645
+100
+0.2% +$11.5K
BALL icon
257
Ball Corp
BALL
$16.6B
$6.92M 0.06%
83,281
– –
WTW icon
258
Willis Towers Watson
WTW
$31.9B
$6.87M 0.05%
32,911
– –
MSI icon
259
Motorola Solutions
MSI
$76.5B
$6.79M 0.05%
43,331
-100
-0.2% -$14.6K
CLX icon
260
Clorox
CLX
$13B
$6.77M 0.05%
32,203
+300
+0.9% +$66.8K
AIG icon
261
American International
AIG
$40.7B
$6.75M 0.05%
245,296
+25,300
+12% +$754K
PAYX icon
262
Paychex
PAYX
$43.1B
$6.75M 0.05%
84,644
+3,100
+4% +$233K
LEN icon
263
Lennar Class A
LEN
$20.6B
$6.75M 0.05%
85,338
+12,912
+18% +$917K
AFL icon
264
Aflac
AFL
$61.2B
$6.71M 0.05%
184,505
+1,300
+0.7% +$47.3K
XLNX
265
DELISTED
Xilinx Inc
XLNX
$6.71M 0.05%
64,337
+2,200
+4% +$226K
AWK icon
266
American Water Works
AWK
$26.9B
$6.7M 0.05%
46,232
– –
SWKS icon
267
Skyworks Solutions
SWKS
$10.4B
$6.7M 0.05%
46,020
+3,400
+8% +$473K
ALXN
268
DELISTED
Alexion Pharmaceuticals
ALXN
$6.67M 0.05%
58,261
+1,900
+3% +$205K
PH icon
269
Parker-Hannifin
PH
$134B
$6.64M 0.05%
32,828
– –
ED icon
270
Consolidated Edison
ED
$39.3B
$6.64M 0.05%
85,355
– –
MCHP icon
271
Microchip Technology
MCHP
$44.2B
$6.62M 0.05%
128,894
+3,600
+3% +$187K
SWK icon
272
Stanley Black & Decker
SWK
$15.5B
$6.61M 0.05%
40,768
+1,400
+4% +$218K
ADM icon
273
Archer Daniels Midland
ADM
$38.8B
$6.59M 0.05%
141,808
-100
-0.1% -$4.37K
TDG icon
274
TransDigm Group
TDG
$67.6B
$6.59M 0.05%
13,876
+1,000
+8% +$470K
FTV icon
275
Fortive
FTV
$18.6B
$6.55M 0.05%
136,317
+16,333
+14% +$745K
9 10
11
12 13

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.