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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
BR icon
376
Broadridge
BR
$19.8B
$3.98M 0.03%
30,139
+800
+3% +$107K
FE icon
377
FirstEnergy
FE
$27.1B
$3.97M 0.03%
138,370
– –
MOH icon
378
Molina Healthcare
MOH
$10.4B
$3.95M 0.03%
21,603
+100
+0.5% +$18.2K
DGX icon
379
Quest Diagnostics
DGX
$26.2B
$3.93M 0.03%
34,292
+100
+0.3% +$11.8K
RPM icon
380
RPM International
RPM
$14.8B
$3.92M 0.03%
47,297
+200
+0.4% +$16.3K
LVS icon
381
Las Vegas Sands
LVS
$29.4B
$3.91M 0.03%
83,821
-2,000
-2% -$95.6K
DAY
382
DELISTED
Dayforce
DAY
$3.91M 0.03%
47,323
+10,400
+28% +$813K
CHRW icon
383
C.H. Robinson
CHRW
$17.3B
$3.89M 0.03%
38,058
+3,700
+11% +$347K
BRO icon
384
Brown & Brown
BRO
$24B
$3.87M 0.03%
85,492
-100
-0.1% -$4.46K
GRMN
385
Garmin
GRMN
$60.4B
$3.86M 0.03%
40,687
+3,600
+10% +$360K
XYL icon
386
Xylem
XYL
$28.3B
$3.86M 0.03%
45,878
-100
-0.2% -$7.78K
KMX icon
387
CarMax
KMX
$8.34B
$3.83M 0.03%
41,619
+100
+0.2% +$9.99K
STE icon
388
Steris
STE
$23.3B
$3.81M 0.03%
21,654
– –
HPE icon
389
Hewlett Packard
HPE
$72.4B
$3.81M 0.03%
406,921
+78,800
+24% +$753K
ZM icon
390
Zoom
ZM
$31.4B
$3.81M 0.03%
+8,110
New +$2.59M
PENN icon
391
PENN Entertainment
PENN
$2.53B
$3.81M 0.03%
52,406
+5,400
+11% +$265K
SJM icon
392
J.M. Smucker
SJM
$12.6B
$3.79M 0.03%
32,841
+3,700
+13% +$412K
ENPH icon
393
Enphase Energy
ENPH
$5.41B
$3.79M 0.03%
45,918
+16,300
+55% +$1.09M
NDSN icon
394
Nordson
NDSN
$17.2B
$3.76M 0.03%
19,616
+900
+5% +$173K
NUE icon
395
Nucor
NUE
$62.5B
$3.75M 0.03%
83,552
+6,600
+9% +$292K
CABO icon
396
Cable One
CABO
$203M
$3.74M 0.03%
1,984
+100
+5% +$181K
MLM icon
397
Martin Marietta Materials
MLM
$33B
$3.74M 0.03%
15,878
– –
DOC icon
398
Healthpeak Properties
DOC
$14.4B
$3.73M 0.03%
137,409
-100
-0.1% -$2.74K
PHM icon
399
Pultegroup
PHM
$24.8B
$3.73M 0.03%
80,575
+16,200
+25% +$693K
GGG icon
400
Graco
GGG
$13.5B
$3.73M 0.03%
60,710
+100
+0.2% +$5.59K
14 15
16
17 18

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.