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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
ULTA icon
426
Ulta Beauty
ULTA
$23.6B
$3.44M 0.03%
15,352
+1,000
+7% +$215K
ZBRA icon
427
Zebra Technologies
ZBRA
$17.9B
$3.43M 0.03%
13,570
– –
GEN icon
428
Gen Digital
GEN
$17.5B
$3.4M 0.03%
163,329
+24,900
+18% +$539K
WHR icon
429
Whirlpool
WHR
$2.75B
$3.39M 0.03%
18,455
+2,600
+16% +$432K
RCL icon
430
Royal Caribbean
RCL
$82.4B
$3.39M 0.03%
52,380
+8,500
+19% +$500K
CE icon
431
Celanese
CE
$4.88B
$3.39M 0.03%
31,537
+1,300
+4% +$130K
MAA icon
432
Mid-America Apartment Communities
MAA
$15.4B
$3.38M 0.03%
29,142
-100
-0.3% -$11.5K
EXPE icon
433
Expedia Group
EXPE
$37.7B
$3.38M 0.03%
36,809
+2,200
+6% +$198K
IR icon
434
Ingersoll Rand
IR
$33.6B
$3.37M 0.03%
94,693
+6,400
+7% +$214K
HIG icon
435
Hartford Financial Services
HIG
$38.7B
$3.37M 0.03%
91,387
-100
-0.1% -$3.99K
WDC icon
436
Western Digital
WDC
$151B
$3.35M 0.03%
121,310
+20,110
+20% +$598K
ESS icon
437
Essex Property Trust
ESS
$18.2B
$3.35M 0.03%
16,668
– –
IFF icon
438
International Flavors & Fragrances
IFF
$21.7B
$3.34M 0.03%
27,287
– –
STX icon
439
Seagate
STX
$182B
$3.33M 0.03%
67,519
+9,800
+17% +$460K
LNT icon
440
Alliant Energy
LNT
$17.7B
$3.29M 0.03%
63,731
– –
TTC icon
441
Toro Company
TTC
$9.4B
$3.28M 0.03%
39,096
+100
+0.3% +$7.48K
WTRG icon
442
Essential Utilities
WTRG
$11.3B
$3.27M 0.03%
81,293
+100
+0.1% +$4.3K
AES icon
443
AES
AES
$10.5B
$3.27M 0.03%
180,557
+10,700
+6% +$179K
JKHY icon
444
Jack Henry & Associates
JKHY
$11B
$3.25M 0.03%
20,010
+400
+2% +$69.4K
TIF
445
DELISTED
Tiffany & Co.
TIF
$3.19M 0.03%
27,577
-300
-1% -$36.4K
ABMD
446
DELISTED
Abiomed Inc
ABMD
$3.18M 0.03%
11,475
– –
RNR icon
447
RenaissanceRe
RNR
$13.2B
$3.17M 0.03%
18,693
+400
+2% +$70.8K
WAB icon
448
Wabtec
WAB
$49.7B
$3.16M 0.03%
51,025
+4,900
+11% +$314K
CPT icon
449
Camden Property Trust
CPT
$11B
$3.15M 0.03%
35,444
– –
PTC icon
450
PTC
PTC
$16.4B
$3.15M 0.03%
38,040
+100
+0.3% +$8.52K
16 17
18
19 20

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FAM
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BA
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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.