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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
RGLD icon
476
Royal Gold
RGLD
$19.7B
$2.87M 0.02%
23,887
– –
LW icon
477
Lamb Weston
LW
$7.23B
$2.86M 0.02%
43,223
+5,900
+16% +$378K
HES
478
DELISTED
Hess
HES
$2.86M 0.02%
69,767
+3,100
+5% +$147K
IT icon
479
Gartner
IT
$11.9B
$2.84M 0.02%
22,751
– –
BIO icon
480
Bio-Rad Laboratories Class A
BIO
$9.38B
$2.83M 0.02%
5,500
– –
CNP icon
481
CenterPoint Energy
CNP
$26.4B
$2.83M 0.02%
146,199
+7,100
+5% +$139K
ETFC
482
DELISTED
E*Trade Financial Corporation
ETFC
$2.83M 0.02%
56,439
– –
OLED icon
483
Universal Display
OLED
$4.24B
$2.82M 0.02%
15,598
+200
+1% +$34.2K
XPO icon
484
XPO
XPO
$23.3B
$2.82M 0.02%
96,168
+289
+0.3% +$8.31K
OMC icon
485
Omnicom Group
OMC
$23.6B
$2.81M 0.02%
56,703
+2,000
+4% +$107K
AMED
486
DELISTED
Amedisys
AMED
$2.8M 0.02%
11,851
+100
+0.9% +$22.7K
CHE icon
487
Chemed
CHE
$7.15B
$2.8M 0.02%
5,820
– –
WSO icon
488
Watsco Inc
WSO
$13.3B
$2.78M 0.02%
11,941
– –
PFG icon
489
Principal Financial Group
PFG
$24.2B
$2.76M 0.02%
68,443
+3,400
+5% +$145K
PKG icon
490
Packaging Corp of America
PKG
$22.8B
$2.75M 0.02%
25,250
+1,000
+4% +$102K
EXEL icon
491
Exelixis
EXEL
$13B
$2.75M 0.02%
112,558
+900
+0.8% +$21K
Y
492
DELISTED
Alleghany Corp
Y
$2.72M 0.02%
5,231
– –
SCI icon
493
Service Corp International
SCI
$11.4B
$2.71M 0.02%
64,230
-600
-0.9% -$25.6K
AAP icon
494
Advance Auto Parts
AAP
$3.35B
$2.71M 0.02%
17,632
– –
HUBB icon
495
Hubbell
HUBB
$27.2B
$2.7M 0.02%
19,759
– –
HAL icon
496
Halliburton
HAL
$28.2B
$2.7M 0.02%
224,119
+100
+0% +$1.45K
NTAP icon
497
NetApp
NTAP
$39B
$2.69M 0.02%
61,370
+4,900
+9% +$214K
HAS icon
498
Hasbro
HAS
$13.7B
$2.69M 0.02%
32,472
-100
-0.3% -$7.74K
JBHT icon
499
JB Hunt Transport Services
JBHT
$24.7B
$2.68M 0.02%
21,230
-300
-1% -$39.9K
ATR icon
500
AptarGroup
ATR
$8.52B
$2.66M 0.02%
23,492
+100
+0.4% +$11.7K
18 19
20
21 22

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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.