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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
CDW icon
351
CDW
CDW
$17.1B
$4.35M 0.03%
36,425
+100
+0.3% +$11.4K
KSU
352
DELISTED
Kansas City Southern
KSU
$4.35M 0.03%
24,060
-200
-0.8% -$34.6K
EXPD icon
353
Expeditors International
EXPD
$23.3B
$4.35M 0.03%
48,011
+5,500
+13% +$468K
MASI
354
DELISTED
Masimo
MASI
$4.33M 0.03%
18,366
+200
+1% +$44.8K
MPWR icon
355
Monolithic Power Systems
MPWR
$67.9B
$4.31M 0.03%
15,409
+300
+2% +$78.1K
DPZ icon
356
Domino's
DPZ
$11.5B
$4.29M 0.03%
10,079
+100
+1% +$39.8K
TSCO icon
357
Tractor Supply
TSCO
$18B
$4.26M 0.03%
148,445
+1,000
+0.7% +$28.7K
INCY icon
358
Incyte
INCY
$24.6B
$4.25M 0.03%
47,404
+1,300
+3% +$125K
QRVO icon
359
Qorvo
QRVO
$8.56B
$4.25M 0.03%
32,963
+3,700
+13% +$459K
COO icon
360
Cooper Companies
COO
$14.9B
$4.21M 0.03%
50,012
– –
K
361
DELISTED
Kellanova
K
$4.18M 0.03%
68,972
+959
+1% +$60.8K
NVR icon
362
NVR
NVR
$16.8B
$4.18M 0.03%
1,023
+100
+11% +$386K
NTRS icon
363
Northern Trust
NTRS
$34.4B
$4.14M 0.03%
53,143
– –
VAR
364
DELISTED
Varian Medical Systems, Inc.
VAR
$4.11M 0.03%
23,906
+700
+3% +$110K
CGNX icon
365
Cognex
CGNX
$10.8B
$4.1M 0.03%
62,989
+500
+0.8% +$32.3K
CRL icon
366
Charles River Laboratories
CRL
$13.2B
$4.09M 0.03%
18,072
+100
+0.6% +$20.8K
CZR icon
367
Caesars Entertainment
CZR
$6.13B
$4.07M 0.03%
+72,587
New +$3.19M
URI icon
368
United Rentals
URI
$70.8B
$4.06M 0.03%
23,262
+4,900
+27% +$824K
TFX icon
369
Teleflex
TFX
$5.89B
$4.05M 0.03%
11,907
+100
+0.8% +$37K
FITB
370
Fifth Third Bancorp
FITB
$51.8B
$4.04M 0.03%
189,476
+7,700
+4% +$155K
FTNT icon
371
Fortinet
FTNT
$120B
$4.03M 0.03%
171,125
– –
TWST icon
372
Twist Bioscience
TWST
$7.83B
$4.02M 0.03%
+52,876
New +$3.29M
PAYC icon
373
Paycom
PAYC
$9.62B
$4.01M 0.03%
12,872
+600
+5% +$175K
VTR icon
374
Ventas
VTR
$47.2B
$4M 0.03%
95,214
-100
-0.1% -$4K
DOV icon
375
Dover
DOV
$28.3B
$3.99M 0.03%
36,787
– –
13 14
15
16 17

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.