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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
OC icon
451
Owens Corning
OC
$12.2B
$3.14M 0.02%
45,585
+6,300
+16% +$404K
J icon
452
Jacobs Solutions
J
$17.2B
$3.08M 0.02%
40,186
– –
WAT icon
453
Waters Corp
WAT
$40.4B
$3.08M 0.02%
15,762
– –
EVRG icon
454
Evergy
EVRG
$18.9B
$3.07M 0.02%
60,479
+2,600
+4% +$145K
OGE icon
455
OGE Energy
OGE
$9.54B
$3.07M 0.02%
102,371
+29,500
+40% +$928K
FBIN icon
456
Fortune Brands Innovations
FBIN
$5.73B
$3.05M 0.02%
41,290
-468
-1% -$31.3K
JAZZ icon
457
Jazz Pharmaceuticals
JAZZ
$16.7B
$3.05M 0.02%
+21,400
New +$2.65M
QDEL icon
458
QuidelOrtho
QDEL
$943M
$3.05M 0.02%
13,900
– –
LDOS icon
459
Leidos
LDOS
$17.5B
$3.04M 0.02%
34,077
– –
CFG icon
460
Citizens Financial Group
CFG
$30.6B
$3.03M 0.02%
119,971
+11,000
+10% +$279K
RF icon
461
Regions Financial
RF
$26.8B
$3.03M 0.02%
262,464
+18,100
+7% +$202K
TREX icon
462
Trex
TREX
$4.91B
$3.02M 0.02%
42,148
+100
+0.2% +$6.92K
OKE icon
463
Oneok
OKE
$56.9B
$3.01M 0.02%
116,009
+3,700
+3% +$103K
MTB icon
464
M&T Bank
MTB
$36.3B
$3.01M 0.02%
32,699
-100
-0.3% -$10.2K
LUMN icon
465
Lumen
LUMN
$6.85B
$3M 0.02%
297,062
+44,800
+18% +$466K
CONE
466
DELISTED
CyrusOne Inc Common Stock
CONE
$2.98M 0.02%
42,564
+600
+1% +$47.1K
ANET icon
467
Arista Networks
ANET
$242B
$2.97M 0.02%
229,920
+9,600
+4% +$132K
CINF icon
468
Cincinnati Financial
CINF
$26.7B
$2.97M 0.02%
38,141
-400
-1% -$31K
KEY icon
469
KeyCorp
KEY
$24.3B
$2.97M 0.02%
249,013
-100
-0% -$1.22K
SAM icon
470
Boston Beer
SAM
$1.86B
$2.96M 0.02%
3,352
-200
-6% -$158K
EMN icon
471
Eastman Chemical
EMN
$8.39B
$2.94M 0.02%
37,599
+2,900
+8% +$219K
TDY icon
472
Teledyne Technologies
TDY
$32B
$2.92M 0.02%
9,400
– –
BXP icon
473
Boston Properties
BXP
$10.8B
$2.9M 0.02%
36,151
-800
-2% -$69.8K
HST icon
474
Host Hotels & Resorts
HST
$15.5B
$2.89M 0.02%
267,925
+87,900
+49% +$971K
BKR icon
475
Baker Hughes
BKR
$63.6B
$2.89M 0.02%
217,261
+50,000
+30% +$765K
17 18
19
20 21

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.