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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
ETSY icon
401
Etsy
ETSY
$7.38B
$3.7M 0.03%
30,400
-12,838
-30% -$1.5M
PTON icon
402
Peloton Interactive
PTON
$2.42B
$3.67M 0.03%
+37,000
New +$2.72M
DRE
403
DELISTED
Duke Realty Corp.
DRE
$3.66M 0.03%
99,308
+5,200
+6% +$196K
CRSP icon
404
CRISPR Therapeutics
CRSP
$5.17B
$3.63M 0.03%
+43,396
New +$3.85M
SYF icon
405
Synchrony
SYF
$25.4B
$3.63M 0.03%
138,514
+1,400
+1% +$34K
PXD
406
DELISTED
Pioneer Natural Resource Co.
PXD
$3.6M 0.03%
41,916
-200
-0.5% -$19.7K
NDAQ icon
407
Nasdaq
NDAQ
$53.4B
$3.6M 0.03%
88,050
– –
NVTA
408
DELISTED
Invitae Corporation
NVTA
$3.6M 0.03%
+83,084
New +$2.83M
TYL icon
409
Tyler Technologies
TYL
$13B
$3.59M 0.03%
10,300
+100
+1% +$34.6K
CTLT
410
DELISTED
CATALENT, INC.
CTLT
$3.59M 0.03%
41,900
-17,263
-29% -$1.46M
RVTY icon
411
Revvity
RVTY
$12.9B
$3.59M 0.03%
28,570
+100
+0.4% +$11.5K
DNLI icon
412
Denali Therapeutics
DNLI
$4B
$3.57M 0.03%
+99,701
New +$3M
DRI icon
413
Darden Restaurants
DRI
$24.9B
$3.56M 0.03%
35,384
+2,200
+7% +$183K
RUN icon
414
Sunrun
RUN
$2.38B
$3.56M 0.03%
+46,200
New +$2.17M
EXR icon
415
Extra Space Storage
EXR
$31B
$3.53M 0.03%
32,981
– –
MPT
416
Medical Properties Trust
MPT
$2.48B
$3.52M 0.03%
199,451
+7,200
+4% +$134K
IEX icon
417
IDEX
IEX
$17.2B
$3.51M 0.03%
19,260
– –
BF.B icon
418
Brown-Forman Class B
BF.B
$12.9B
$3.51M 0.03%
46,596
– –
GPC icon
419
Genuine Parts
GPC
$18.5B
$3.51M 0.03%
36,857
– –
FMC icon
420
FMC
FMC
$1.31B
$3.5M 0.03%
33,067
– –
HRL icon
421
Hormel Foods
HRL
$13.6B
$3.5M 0.03%
71,574
– –
TECH icon
422
Bio-Techne
TECH
$11.2B
$3.47M 0.03%
56,076
+400
+0.7% +$26K
TER icon
423
Teradyne
TER
$57.1B
$3.47M 0.03%
43,700
-16,605
-28% -$1.41M
SIVB
424
DELISTED
SVB Financial Group
SIVB
$3.46M 0.03%
14,372
+1,200
+9% +$282K
LII icon
425
Lennox International
LII
$14.6B
$3.44M 0.03%
12,630
– –
15 16
17
18 19

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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)
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CAM
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DSA
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CHP
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IC
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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.