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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
CERN
301
DELISTED
Cerner Corp
CERN
$5.63M 0.04%
77,903
-96,800
-55% -$6.9M
AVB icon
302
AvalonBay Communities
AVB
$26.3B
$5.62M 0.04%
37,650
+1,700
+5% +$260K
DLTR icon
303
Dollar Tree
DLTR
$24.9B
$5.53M 0.04%
60,585
– –
SLB icon
304
SLB Ltd
SLB
$78.9B
$5.51M 0.04%
354,246
-200
-0.1% -$3.72K
EDIT icon
305
Editas Medicine
EDIT
$432M
$5.5M 0.04%
+196,142
New +$6.39M
CTVA icon
306
Corteva
CTVA
$51B
$5.5M 0.04%
191,019
-100
-0.1% -$2.81K
WY icon
307
Weyerhaeuser
WY
$18.2B
$5.43M 0.04%
190,469
-100
-0.1% -$2.75K
O icon
308
Realty Income
O
$58.6B
$5.35M 0.04%
90,860
+309
+0.3% +$18.3K
EOG icon
309
EOG Resources
EOG
$74.6B
$5.34M 0.04%
148,524
-100
-0.1% -$4.49K
STT icon
310
State Street
STT
$51.3B
$5.34M 0.04%
89,967
+100
+0.1% +$6.49K
LYB icon
311
LyondellBasell Industries
LYB
$20.2B
$5.33M 0.04%
75,670
+10,000
+15% +$691K
VRSN icon
312
VeriSign
VRSN
$26.5B
$5.29M 0.04%
25,802
-200
-0.8% -$41.3K
MKTX icon
313
MarketAxess Holdings
MKTX
$5.72B
$5.19M 0.04%
10,781
+1,100
+11% +$544K
WST icon
314
West Pharmaceutical
WST
$24.8B
$5.18M 0.04%
18,860
+100
+0.5% +$26.5K
AMP icon
315
Ameriprise Financial
AMP
$49.2B
$5.17M 0.04%
33,549
+2,300
+7% +$354K
AJG icon
316
Arthur J. Gallagher & Co
AJG
$64.7B
$5.16M 0.04%
48,854
+400
+0.8% +$41.5K
TSN icon
317
Tyson Foods
TSN
$20.1B
$5.14M 0.04%
86,482
+11,300
+15% +$697K
CPAY icon
318
Corpay
CPAY
$26.2B
$5.11M 0.04%
21,454
-96,500
-82% -$23.8M
ETR icon
319
Entergy
ETR
$49.3B
$5.04M 0.04%
102,222
– –
FDS icon
320
Factset
FDS
$10.1B
$5.03M 0.04%
15,025
+1,200
+9% +$415K
RSG icon
321
Republic Services
RSG
$65.7B
$5.01M 0.04%
53,687
– –
TTWO icon
322
Take-Two Interactive
TTWO
$47.4B
$5M 0.04%
30,241
+1,100
+4% +$179K
AEE icon
323
Ameren
AEE
$29.6B
$4.99M 0.04%
63,093
– –
DAL icon
324
Delta Air Lines
DAL
$58.7B
$4.98M 0.04%
162,730
+17,800
+12% +$513K
EIX icon
325
Edison International
EIX
$26.1B
$4.91M 0.04%
96,496
– –
11 12
13
14 15

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FAM
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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
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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.