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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
BLD
576
DELISTED
TopBuild
BLD
$2.05M 0.02%
12,000
-100
-0.8% -$14.4K
FFIV icon
577
F5
FFIV
$23.6B
$2.04M 0.02%
16,638
+1,100
+7% +$148K
FSLR icon
578
First Solar
FSLR
$25.8B
$2.04M 0.02%
30,839
+3,100
+11% +$206K
ROL icon
579
Rollins
ROL
$17.8B
$2.04M 0.02%
56,450
+2,400
+4% +$83K
TOL icon
580
Toll Brothers
TOL
$14.3B
$2.04M 0.02%
41,827
-200
-0.5% -$8.09K
AOS icon
581
A.O. Smith
AOS
$8.62B
$2.02M 0.02%
38,327
+3,800
+11% +$190K
HRC
582
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$2.02M 0.02%
24,237
– –
INGR icon
583
Ingredion
INGR
$6.58B
$2.02M 0.02%
26,682
+2,300
+9% +$187K
DISH
584
DELISTED
DISH Network Corp.
DISH
$2.01M 0.02%
69,266
+3,600
+5% +$119K
NRG icon
585
NRG Energy
NRG
$25.3B
$2M 0.02%
65,236
+2,900
+5% +$95.8K
GL icon
586
Globe Life
GL
$14.2B
$1.99M 0.02%
24,958
-100
-0.4% -$7.98K
LECO icon
587
Lincoln Electric
LECO
$15.5B
$1.99M 0.02%
21,613
– –
PII icon
588
Polaris
PII
$3.98B
$1.98M 0.02%
21,024
+100
+0.5% +$9.85K
KRC icon
589
Kilroy Realty
KRC
$4.31B
$1.98M 0.02%
38,138
-400
-1% -$22.8K
POST icon
590
Post Holdings
POST
$3.59B
$1.97M 0.02%
34,971
-612
-2% -$34.9K
TAP icon
591
Molson Coors Class B
TAP
$7.84B
$1.96M 0.02%
58,499
+10,500
+22% +$379K
CACI icon
592
CACI
CACI
$14.6B
$1.96M 0.02%
9,183
+100
+1% +$21.6K
CLGX
593
DELISTED
Corelogic, Inc.
CLGX
$1.96M 0.02%
28,923
– –
LYV icon
594
Live Nation Entertainment
LYV
$42.8B
$1.95M 0.02%
36,227
-100
-0.3% -$5.16K
NWL icon
595
Newell Brands
NWL
$2.6B
$1.95M 0.02%
113,571
+16,100
+17% +$269K
KNTK icon
596
Kinetik
KNTK
$4.17B
$1.94M 0.02%
350,000
– –
PNR icon
597
Pentair
PNR
$10.8B
$1.94M 0.02%
42,314
– –
CDK
598
DELISTED
CDK Global, Inc.
CDK
$1.93M 0.02%
44,227
– –
THO icon
599
Thor Industries
THO
$4.21B
$1.92M 0.02%
20,135
– –
VLUE icon
600
iShares MSCI USA Value Factor ETF
VLUE
$9.43B
$1.92M 0.02%
+26,000
New +$1.93M
22 23
24
25 26

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.