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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
MKSI icon
551
MKS Inc
MKSI
$19.7B
$2.19M 0.02%
20,040
+100
+0.5% +$11.7K
PCTY icon
552
Paylocity
PCTY
$7.76B
$2.18M 0.02%
13,525
+400
+3% +$56.3K
KNX icon
553
Knight Transportation
KNX
$11.1B
$2.17M 0.02%
53,217
+8,700
+20% +$382K
NI icon
554
NiSource
NI
$20B
$2.15M 0.02%
97,706
-100
-0.1% -$2.32K
RH icon
555
RH
RH
$3.47B
$2.15M 0.02%
5,620
-400
-7% -$126K
SNA icon
556
Snap-on
SNA
$21.4B
$2.15M 0.02%
14,605
+700
+5% +$102K
PNW icon
557
Pinnacle West Capital
PNW
$12.1B
$2.14M 0.02%
28,728
– –
OXY icon
558
Occidental Petroleum
OXY
$59.2B
$2.14M 0.02%
213,562
-16,300
-7% -$230K
DCI icon
559
Donaldson
DCI
$11.3B
$2.13M 0.02%
45,921
– –
JLL icon
560
Jones Lang LaSalle
JLL
$16.7B
$2.13M 0.02%
22,256
+3,500
+19% +$353K
DAR icon
561
Darling Ingredients
DAR
$9.92B
$2.13M 0.02%
59,031
-700
-1% -$21.4K
CHDN icon
562
Churchill Downs
CHDN
$6.19B
$2.13M 0.02%
25,944
+400
+2% +$31K
EG icon
563
Everest Group
EG
$14.2B
$2.11M 0.02%
10,679
+500
+5% +$107K
LKQ icon
564
LKQ Corp
LKQ
$6.28B
$2.1M 0.02%
75,891
-1,700
-2% -$50.1K
SRCL
565
DELISTED
Stericycle Inc
SRCL
$2.1M 0.02%
33,346
+100
+0.3% +$6.14K
SNX icon
566
TD Synnex
SNX
$20.5B
$2.1M 0.02%
30,014
– –
AXON
567
Axon Enterprise
AXON
$51.4B
$2.1M 0.02%
23,119
+300
+1% +$26.1K
BJ icon
568
BJs Wholesale Club
BJ
$12.1B
$2.09M 0.02%
50,217
+5,300
+12% +$219K
LAMR icon
569
Lamar Advertising Co
LAMR
$15.8B
$2.08M 0.02%
31,486
+100
+0.3% +$6.64K
JNPR
570
DELISTED
Juniper Networks
JNPR
$2.08M 0.02%
96,523
+11,900
+14% +$282K
FAF icon
571
First American
FAF
$7.39B
$2.07M 0.02%
40,670
+100
+0.2% +$5.18K
IRM icon
572
Iron Mountain
IRM
$36.5B
$2.07M 0.02%
77,296
+3,800
+5% +$108K
REXR icon
573
Rexford Industrial Realty
REXR
$8.11B
$2.06M 0.02%
+45,100
New +$2.04M
LITE icon
574
Lumentum
LITE
$63B
$2.06M 0.02%
27,434
+200
+0.7% +$16.6K
CBSH icon
575
Commerce Bancshares
CBSH
$8.5B
$2.06M 0.02%
48,974
– –
21 22
23
24 25

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.