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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
HBAN icon
526
Huntington Bancshares
HBAN
$35.9B
$2.38M 0.02%
259,597
+600
+0.2% +$5.59K
PEN icon
527
Penumbra
PEN
$12.9B
$2.38M 0.02%
12,251
+200
+2% +$42.1K
RS icon
528
Reliance Steel & Aluminium
RS
$21.7B
$2.37M 0.02%
23,182
– –
TXT icon
529
Textron
TXT
$15.2B
$2.37M 0.02%
65,518
+7,400
+13% +$268K
PRAH
530
DELISTED
PRA Health Sciences, Inc.
PRAH
$2.36M 0.02%
23,297
+100
+0.4% +$10.2K
EHC icon
531
Encompass Health
EHC
$12.5B
$2.35M 0.02%
45,539
– –
GNTX icon
532
Gentex
GNTX
$5.06B
$2.31M 0.02%
89,496
+400
+0.4% +$10.6K
L icon
533
Loews
L
$23.2B
$2.3M 0.02%
66,151
+4,300
+7% +$154K
UHS icon
534
Universal Health Services
UHS
$10B
$2.28M 0.02%
21,310
+1,500
+8% +$160K
STOR
535
DELISTED
STORE Capital Corporation
STOR
$2.28M 0.02%
83,087
+2,100
+3% +$53.3K
CCL icon
536
Carnival Corporation Ltd
CCL
$37.9B
$2.27M 0.02%
149,828
+28,814
+24% +$445K
MGM icon
537
MGM Resorts International
MGM
$11B
$2.27M 0.02%
104,429
-21,500
-17% -$426K
RJF icon
538
Raymond James Financial
RJF
$34.8B
$2.27M 0.02%
46,703
– –
SMG icon
539
ScottsMiracle-Gro
SMG
$3.59B
$2.26M 0.02%
14,784
+400
+3% +$61.8K
STLD icon
540
Steel Dynamics
STLD
$37.7B
$2.26M 0.02%
78,982
+2,400
+3% +$68.9K
NYT icon
541
New York Times
NYT
$10.2B
$2.25M 0.02%
52,621
+100
+0.2% +$4.38K
NNN icon
542
NNN REIT
NNN
$8.76B
$2.25M 0.02%
65,183
+2,600
+4% +$92.9K
WU icon
543
Western Union
WU
$2.2B
$2.25M 0.02%
104,907
– –
DECK icon
544
Deckers Outdoor
DECK
$12.8B
$2.24M 0.02%
60,972
– –
WEX icon
545
WEX
WEX
$6.48B
$2.24M 0.02%
16,093
+300
+2% +$47K
CIEN icon
546
Ciena
CIEN
$54.6B
$2.22M 0.02%
55,963
– –
HSIC icon
547
Henry Schein
HSIC
$9.94B
$2.21M 0.02%
37,567
+1,100
+3% +$70.6K
MANH icon
548
Manhattan Associates
MANH
$11.5B
$2.21M 0.02%
23,097
– –
VTRS icon
549
Viatris
VTRS
$18.6B
$2.2M 0.02%
148,338
+16,300
+12% +$260K
WRB icon
550
W.R. Berkley
WRB
$26.2B
$2.19M 0.02%
80,678
-450
-0.6% -$12.3K
20 21
22
23 24

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.