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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
INTC icon
26
Intel
INTC
$513B
$95.9M 0.76%
1,851,635
+30,500
+2% +$1.59M
PYPL icon
27
PayPal
PYPL
$50.5B
$95.4M 0.76%
484,420
+106,500
+28% +$20.1M
MTUM icon
28
iShares MSCI USA Momentum Factor ETF
MTUM
$25.5B
$95.1M 0.76%
+645,300
New +$92.2M
VZ icon
29
Verizon
VZ
$196B
$92.1M 0.73%
1,547,635
-900
-0.1% -$52.3K
NVDA icon
30
NVIDIA
NVDA
$5.42T
$85.2M 0.68%
6,298,840
+16,000
+0.3% +$186K
SYK icon
31
Stryker
SYK
$130B
$82.1M 0.65%
393,927
-33,900
-8% -$6.59M
CSCO icon
32
Cisco
CSCO
$479B
$82M 0.65%
2,082,873
+28,200
+1% +$1.23M
ACN icon
33
Accenture
ACN
$108B
$74M 0.59%
327,653
+5,100
+2% +$1.17M
AMGN icon
34
Amgen
AMGN
$222B
$73.6M 0.59%
289,582
+4,500
+2% +$1.11M
PM icon
35
Philip Morris
PM
$295B
$70.2M 0.56%
936,351
-300
-0% -$23.1K
MRK icon
36
Merck
MRK
$318B
$69.5M 0.55%
878,347
+24,733
+3% +$1.94M
QCOM icon
37
Qualcomm
QCOM
$176B
$69.2M 0.55%
587,874
+600
+0.1% +$64.1K
LMT icon
38
Lockheed Martin
LMT
$136B
$68.9M 0.55%
179,790
-200
-0.1% -$76.3K
IBM icon
39
IBM
IBM
$224B
$67.6M 0.54%
581,286
+30,334
+6% +$3.57M
USB icon
40
US Bancorp
USB
$99.6B
$67.2M 0.53%
1,874,899
-240,300
-11% -$8.79M
RITM icon
41
Rithm Capital
RITM
$5.69B
$66.8M 0.53%
8,404,734
– –
AMD icon
42
Advanced Micro Devices
AMD
$789B
$66.4M 0.53%
810,024
+40,936
+5% +$3.04M
ABBV icon
43
AbbVie
ABBV
$435B
$65.9M 0.52%
751,850
+15,000
+2% +$1.41M
FTAI icon
44
FTAI Aviation
FTAI
$22.2B
$64.7M 0.51%
4,422,777
– –
EPAM icon
45
EPAM Systems
EPAM
$5.03B
$61.9M 0.49%
191,500
-19,000
-9% -$5.67M
GPN icon
46
Global Payments
GPN
$22.8B
$61.5M 0.49%
346,180
– –
NFLX icon
47
Netflix
NFLX
$309B
$59.7M 0.47%
1,194,330
+71,260
+6% +$3.55M
T icon
48
AT&T
T
$163B
$59.6M 0.47%
2,767,439
+358,142
+15% +$8M
DIS icon
49
Walt Disney
DIS
$181B
$59.1M 0.47%
476,148
+14,800
+3% +$1.85M
CRM icon
50
Salesforce
CRM
$158B
$58.4M 0.46%
232,192
+2,100
+0.9% +$460K
1
2
3 4 5

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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
AM
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Capital Fund Management (CFM)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.