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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
ACC
626
DELISTED
American Campus Communities, Inc.
ACC
$1.75M 0.01%
50,148
+100
+0.2% +$3.45K
AFG icon
627
American Financial Group
AFG
$11.9B
$1.75M 0.01%
26,129
-1,000
-4% -$64.4K
PB icon
628
Prosperity Bancshares
PB
$8.81B
$1.75M 0.01%
33,754
– –
MHK icon
629
Mohawk Industries
MHK
$9.32B
$1.75M 0.01%
17,904
+2,700
+18% +$243K
FLO icon
630
Flowers Foods
FLO
$1.52B
$1.74M 0.01%
71,633
+1,600
+2% +$37.5K
WH icon
631
Wyndham Hotels & Resorts
WH
$5.35B
$1.71M 0.01%
33,886
– –
NATI
632
DELISTED
National Instruments Corp
NATI
$1.71M 0.01%
47,913
+5,100
+12% +$185K
PRGO icon
633
Perrigo
PRGO
$1.76B
$1.7M 0.01%
37,051
+2,200
+6% +$115K
BC icon
634
Brunswick
BC
$5.29B
$1.7M 0.01%
28,813
– –
EBS icon
635
Emergent Biosolutions
EBS
$225M
$1.7M 0.01%
+16,400
New +$1.77M
WWD icon
636
Woodward
WWD
$21.2B
$1.69M 0.01%
21,129
+500
+2% +$40.2K
JBL icon
637
Jabil
JBL
$37.1B
$1.69M 0.01%
49,342
-600
-1% -$20.1K
EWBC icon
638
East-West Bancorp
EWBC
$18.1B
$1.69M 0.01%
51,511
– –
HII icon
639
Huntington Ingalls Industries
HII
$13.1B
$1.69M 0.01%
11,979
+1,600
+15% +$257K
CF icon
640
CF Industries
CF
$17.9B
$1.68M 0.01%
54,612
– –
AGCO icon
641
AGCO
AGCO
$7.17B
$1.66M 0.01%
22,397
-200
-0.9% -$13.6K
SAIC icon
642
Saic
SAIC
$5.33B
$1.66M 0.01%
21,157
+3,200
+18% +$252K
LNC icon
643
Lincoln National
LNC
$8.59B
$1.65M 0.01%
52,777
+3,400
+7% +$121K
MDU icon
644
MDU Resources
MDU
$4.31B
$1.64M 0.01%
192,003
– –
PRI icon
645
Primerica
PRI
$9.65B
$1.63M 0.01%
14,403
-400
-3% -$48.6K
SBNY
646
DELISTED
Signature Bank
SBNY
$1.62M 0.01%
19,545
– –
HAE icon
647
Haemonetics
HAE
$4.02B
$1.61M 0.01%
18,456
+100
+0.5% +$8.74K
ARWR icon
648
Arrowhead Research
ARWR
$12.6B
$1.6M 0.01%
37,228
+200
+0.5% +$8.63K
NWSA icon
649
News Corp Class A
NWSA
$15.5B
$1.6M 0.01%
114,235
+14,900
+15% +$208K
EV
650
DELISTED
Eaton Vance Corp.
EV
$1.59M 0.01%
41,564
+100
+0.2% +$3.82K
24 25
26
27 28

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.