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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
RGEN icon
501
Repligen
RGEN
$9.32B
$2.62M 0.02%
17,777
+600
+3% +$85.8K
WRK
502
DELISTED
WestRock Company
WRK
$2.62M 0.02%
75,466
+9,300
+14% +$287K
ALLE icon
503
Allegion
ALLE
$14.3B
$2.58M 0.02%
26,135
+2,600
+11% +$264K
FIVE icon
504
Five Below
FIVE
$13.1B
$2.58M 0.02%
20,340
+100
+0.5% +$11.4K
UAL icon
505
United Airlines
UAL
$41B
$2.58M 0.02%
74,212
+9,700
+15% +$336K
WSM icon
506
Williams-Sonoma
WSM
$29.7B
$2.56M 0.02%
56,658
– –
LEA icon
507
Lear
LEA
$8.13B
$2.56M 0.02%
23,440
+3,600
+18% +$410K
ALB icon
508
Albemarle
ALB
$15.6B
$2.54M 0.02%
28,485
+1,300
+5% +$115K
IAA
509
DELISTED
IAA, Inc. Common Stock
IAA
$2.54M 0.02%
+48,800
New +$2.27M
CXO
510
DELISTED
CONCHO RESOURCES INC.
CXO
$2.52M 0.02%
57,128
+6,900
+14% +$344K
ARW icon
511
Arrow Electronics
ARW
$10.5B
$2.51M 0.02%
31,875
+3,200
+11% +$236K
CPB icon
512
Campbell Soup
CPB
$6.72B
$2.5M 0.02%
51,671
+8,500
+20% +$420K
OHI icon
513
Omega Healthcare
OHI
$14B
$2.48M 0.02%
82,661
+100
+0.1% +$3.12K
DNKN
514
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$2.46M 0.02%
30,007
+100
+0.3% +$7.22K
LHCG
515
DELISTED
LHC Group LLC
LHCG
$2.46M 0.02%
11,556
+700
+6% +$138K
UDR icon
516
UDR
UDR
$12B
$2.45M 0.02%
75,252
-100
-0.1% -$3.51K
ACM icon
517
Aecom
ACM
$8.75B
$2.45M 0.02%
58,452
+200
+0.3% +$7.62K
XRAY icon
518
Dentsply Sirona
XRAY
$2.34B
$2.44M 0.02%
55,749
-200
-0.4% -$8.84K
SEIC icon
519
SEI Investments
SEIC
$12.6B
$2.44M 0.02%
48,001
+2,800
+6% +$148K
CBOE icon
520
Cboe Global Markets
CBOE
$29.7B
$2.43M 0.02%
27,741
-300
-1% -$27K
CSL icon
521
Carlisle Companies
CSL
$15.6B
$2.43M 0.02%
19,849
-100
-0.5% -$12.3K
GRUB
522
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$2.43M 0.02%
16,783
+50
+0.3% +$7.21K
BWA icon
523
BorgWarner
BWA
$14.3B
$2.42M 0.02%
70,985
+10,792
+18% +$371K
RGA icon
524
Reinsurance Group of America
RGA
$16B
$2.42M 0.02%
25,397
+700
+3% +$63K
CASY icon
525
Casey's General Stores
CASY
$31.2B
$2.38M 0.02%
13,425
– –
19 20
21
22 23

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.