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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
FHN icon
601
First Horizon
FHN
$12B
$1.9M 0.02%
201,504
+88,000
+78% +$827K
TTEK icon
602
Tetra Tech
TTEK
$9.1B
$1.88M 0.01%
98,225
– –
BBWI icon
603
Bath & Body Works
BBWI
$3.85B
$1.87M 0.01%
72,888
– –
LAD icon
604
Lithia Motors
LAD
$8.36B
$1.87M 0.01%
+8,200
New +$1.84M
SON icon
605
Sonoco
SON
$5.7B
$1.87M 0.01%
36,534
– –
PWR icon
606
Quanta Services
PWR
$100B
$1.86M 0.01%
35,183
– –
ITT icon
607
ITT
ITT
$19.4B
$1.86M 0.01%
31,481
+100
+0.3% +$6.06K
EGP icon
608
EastGroup Properties
EGP
$10.9B
$1.85M 0.01%
14,319
+100
+0.7% +$12.9K
DISCK
609
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$1.85M 0.01%
94,271
+13,500
+17% +$267K
AIZ icon
610
Assurant
AIZ
$14.1B
$1.85M 0.01%
15,223
– –
COR
611
DELISTED
Coresite Realty Corporation
COR
$1.84M 0.01%
15,509
+800
+5% +$97.5K
FR icon
612
First Industrial Realty Trust
FR
$8.35B
$1.84M 0.01%
46,301
– –
MIDD icon
613
Middleby
MIDD
$5.53B
$1.82M 0.01%
20,300
+100
+0.5% +$9.06K
OSK icon
614
Oshkosh
OSK
$9.63B
$1.82M 0.01%
24,776
– –
MOS icon
615
The Mosaic Company
MOS
$7.41B
$1.82M 0.01%
99,398
+10,300
+12% +$168K
OLLI icon
616
Ollie's Bargain Outlet
OLLI
$4.81B
$1.81M 0.01%
20,740
+200
+1% +$19.6K
LSI
617
DELISTED
Life Storage, Inc.
LSI
$1.8M 0.01%
25,616
– –
IPG
618
DELISTED
Interpublic Group of Companies
IPG
$1.79M 0.01%
107,625
+8,100
+8% +$145K
HWM icon
619
Howmet Aerospace
HWM
$113B
$1.78M 0.01%
106,732
+8,700
+9% +$145K
HELE icon
620
Helen of Troy
HELE
$680M
$1.78M 0.01%
9,183
– –
WYNN icon
621
Wynn Resorts
WYNN
$10.7B
$1.77M 0.01%
24,720
-100
-0.4% -$7.93K
RHI icon
622
Robert Half
RHI
$4.32B
$1.77M 0.01%
33,399
+4,100
+14% +$218K
CTRA
623
DELISTED
Coterra Energy
CTRA
$1.77M 0.01%
101,719
-100
-0.1% -$1.87K
MSA icon
624
Mine Safety
MSA
$7.52B
$1.76M 0.01%
13,130
+100
+0.8% +$12.2K
LSTR icon
625
Landstar System
LSTR
$6B
$1.76M 0.01%
14,009
– –
23 24
25
26 27

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FAM
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BA
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Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
Capital Fund Management (CFM)
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CAM
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CHP
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IC
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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.