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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
POOL icon
326
Pool Corp
POOL
$7.27B
$4.89M 0.04%
14,609
+100
+0.7% +$30.9K
PARA
327
DELISTED
Paramount Global Class B
PARA
$4.81M 0.04%
171,587
+33,500
+24% +$897K
ARE icon
328
Alexandria Real Estate Equities
ARE
$8.32B
$4.79M 0.04%
29,935
-2,300
-7% -$384K
FRC
329
DELISTED
First Republic Bank
FRC
$4.79M 0.04%
43,912
+100
+0.2% +$11.1K
MXIM
330
DELISTED
Maxim Integrated Products
MXIM
$4.78M 0.04%
70,658
+2,600
+4% +$176K
ATO icon
331
Atmos Energy
ATO
$28.4B
$4.75M 0.04%
49,737
+18,500
+59% +$1.85M
CAG icon
332
Conagra Brands
CAG
$7.07B
$4.71M 0.04%
132,017
+7,600
+6% +$278K
LH icon
333
Labcorp
LH
$26.1B
$4.68M 0.04%
28,922
– –
VLO icon
334
Valero Energy
VLO
$90.7B
$4.67M 0.04%
107,759
+3,600
+3% +$189K
GWW icon
335
W.W. Grainger
GWW
$61.1B
$4.63M 0.04%
12,984
+1,900
+17% +$655K
Z icon
336
Zillow
Z
$7.59B
$4.62M 0.04%
+45,441
New +$3.55M
AKAM icon
337
Akamai
AKAM
$16.9B
$4.59M 0.04%
41,539
+100
+0.2% +$11.1K
VMC icon
338
Vulcan Materials
VMC
$37B
$4.59M 0.04%
33,839
– –
FICO icon
339
Fair Isaac
FICO
$22.7B
$4.58M 0.04%
10,762
+200
+2% +$84.9K
DFS
340
DELISTED
Discover Financial Services
DFS
$4.52M 0.04%
78,178
– –
CMS icon
341
CMS Energy
CMS
$21.7B
$4.49M 0.04%
73,085
– –
EQR icon
342
Equity Residential
EQR
$24.7B
$4.49M 0.04%
87,419
-1,900
-2% -$105K
CTXS
343
DELISTED
Citrix Systems Inc
CTXS
$4.48M 0.04%
32,515
+2,900
+10% +$414K
ODFL icon
344
Old Dominion Freight Line
ODFL
$44.1B
$4.44M 0.04%
49,096
+800
+2% +$75.1K
TRMB icon
345
Trimble
TRMB
$13.6B
$4.44M 0.04%
91,118
+200
+0.2% +$9.56K
GNRC icon
346
Generac Holdings
GNRC
$12.2B
$4.44M 0.04%
22,908
+100
+0.4% +$16.5K
AMCR icon
347
Amcor
AMCR
$21.8B
$4.42M 0.04%
80,051
-380
-0.5% -$20.7K
HOLX
348
DELISTED
Hologic
HOLX
$4.39M 0.03%
66,120
+200
+0.3% +$12.7K
IP icon
349
International Paper
IP
$21.9B
$4.37M 0.03%
113,698
+7,708
+7% +$272K
SEDG icon
350
SolarEdge
SEDG
$1.98B
$4.36M 0.03%
18,272
+200
+1% +$38.4K
12 13
14
15 16

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.