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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
MRCY icon
651
Mercury Systems
MRCY
$6.53B
$1.58M 0.01%
20,435
+200
+1% +$15.2K
LFUS icon
652
Littelfuse
LFUS
$11.9B
$1.58M 0.01%
8,888
+100
+1% +$17.8K
SLAB icon
653
Silicon Laboratories
SLAB
$7.21B
$1.56M 0.01%
15,998
+100
+0.6% +$10.1K
AAL icon
654
American Airlines Group
AAL
$10.2B
$1.56M 0.01%
126,952
– –
SGI
655
Somnigroup International
SGI
$14B
$1.56M 0.01%
69,928
+6,800
+11% +$141K
MAN icon
656
ManpowerGroup
MAN
$2.64B
$1.55M 0.01%
21,149
– –
CUZ icon
657
Cousins Properties
CUZ
$4.85B
$1.55M 0.01%
54,125
+100
+0.2% +$2.98K
IPGP icon
658
IPG Photonics
IPGP
$3.7B
$1.54M 0.01%
9,083
– –
SEE
659
DELISTED
Sealed Air
SEE
$1.54M 0.01%
39,766
– –
COHR icon
660
Coherent
COHR
$64.6B
$1.53M 0.01%
37,786
+5,900
+19% +$260K
REG icon
661
Regency Centers
REG
$13.9B
$1.53M 0.01%
40,212
-3,100
-7% -$127K
MMS icon
662
Maximus
MMS
$2.84B
$1.52M 0.01%
22,292
– –
BEN icon
663
Franklin Resources
BEN
$17.1B
$1.52M 0.01%
74,814
+4,000
+6% +$84K
ORI icon
664
Old Republic International
ORI
$10.2B
$1.52M 0.01%
102,970
-1,000
-1% -$16K
ESNT icon
665
Essent Group
ESNT
$6.18B
$1.51M 0.01%
40,900
+600
+1% +$21.4K
DEI icon
666
Douglas Emmett
DEI
$1.94B
$1.51M 0.01%
60,015
– –
SKX
667
DELISTED
Skechers
SKX
$1.5M 0.01%
49,664
+100
+0.2% +$2.98K
KMPR icon
668
Kemper
KMPR
$1.55B
$1.49M 0.01%
22,353
– –
HR
669
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.49M 0.01%
49,564
+500
+1% +$14.4K
MAT icon
670
Mattel
MAT
$4.29B
$1.48M 0.01%
126,318
+100
+0.1% +$1.11K
WING icon
671
Wingstop
WING
$3.16B
$1.48M 0.01%
+10,800
New +$1.59M
AYI icon
672
Acuity Brands
AYI
$10.8B
$1.48M 0.01%
14,414
– –
IDA icon
673
Idacorp
IDA
$8.07B
$1.47M 0.01%
18,341
– –
WEN icon
674
Wendy's
WEN
$1.4B
$1.46M 0.01%
65,268
+400
+0.6% +$8.81K
TXRH icon
675
Texas Roadhouse
TXRH
$13.7B
$1.45M 0.01%
23,792
+100
+0.4% +$5.85K
25 26
27
28 29

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.