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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
ROK icon
276
Rockwell Automation
ROK
$48.3B
$6.54M 0.05%
29,629
– –
OTIS icon
277
Otis Worldwide
OTIS
$27.7B
$6.48M 0.05%
103,871
-100
-0.1% -$6.12K
EARN
278
Ellington Residential Mortgage REIT
EARN
$164M
$6.44M 0.05%
580,000
– –
RMD icon
279
ResMed
RMD
$31.9B
$6.33M 0.05%
36,925
– –
APTV icon
280
Aptiv
APTV
$10.3B
$6.32M 0.05%
68,888
+500
+0.7% +$42K
KMI icon
281
Kinder Morgan
KMI
$69.9B
$6.3M 0.05%
511,036
+14,300
+3% +$199K
CPRT icon
282
Copart
CPRT
$27.4B
$6.3M 0.05%
239,572
+28,400
+13% +$688K
MAR icon
283
Marriott International
MAR
$90.9B
$6.29M 0.05%
67,910
-800
-1% -$75.5K
VFC icon
284
VF Corp
VFC
$5.86B
$6.17M 0.05%
87,757
+6,300
+8% +$407K
MKC icon
285
McCormick & Company Non-Voting
MKC
$14.3B
$6.13M 0.05%
63,202
– –
MTD icon
286
Mettler-Toledo International
MTD
$28.6B
$6.11M 0.05%
6,325
+200
+3% +$186K
WMB icon
287
Williams Companies
WMB
$87.9B
$6.08M 0.05%
309,651
-200
-0.1% -$4.07K
HLT icon
288
Hilton Worldwide
HLT
$70B
$6.04M 0.05%
70,750
-100
-0.1% -$8.36K
SPOT icon
289
Spotify
SPOT
$105B
$5.95M 0.05%
+24,546
New +$6.34M
PSX icon
290
Phillips 66
PSX
$86B
$5.95M 0.05%
114,802
+3,300
+3% +$201K
CHD icon
291
Church & Dwight Co
CHD
$24.5B
$5.91M 0.05%
63,095
+300
+0.5% +$27.2K
LUV icon
292
Southwest Airlines
LUV
$22B
$5.9M 0.05%
157,307
+20,300
+15% +$721K
WELL icon
293
Welltower
WELL
$169B
$5.87M 0.05%
106,496
-100
-0.1% -$5.49K
HSY icon
294
Hershey
HSY
$36.7B
$5.85M 0.05%
40,805
+3,200
+9% +$454K
AME icon
295
Ametek
AME
$58B
$5.82M 0.05%
58,563
– –
KHC icon
296
Kraft Heinz
KHC
$29.6B
$5.82M 0.05%
194,319
+35,200
+22% +$1.17M
FCX icon
297
Freeport-McMoran
FCX
$98.7B
$5.8M 0.05%
370,563
-300
-0.1% -$4.33K
MPC icon
298
Marathon Petroleum
MPC
$90B
$5.75M 0.05%
196,074
+30,000
+18% +$1.05M
PPL
299
PPL Corp
PPL
$26.3B
$5.66M 0.05%
208,064
+11,700
+6% +$315K
DTE icon
300
DTE Energy
DTE
$28.5B
$5.65M 0.04%
57,720
-117
-0.2% -$11.4K
10 11
12
13 14

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.