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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
FFIN icon
676
First Financial Bankshares
FFIN
$4.93B
$1.45M 0.01%
51,758
+100
+0.2% +$2.96K
HQY icon
677
HealthEquity
HQY
$8.93B
$1.44M 0.01%
27,966
+2,000
+8% +$110K
CRUS icon
678
Cirrus Logic
CRUS
$6.11B
$1.43M 0.01%
21,224
– –
CMA
679
DELISTED
Comerica
CMA
$1.42M 0.01%
37,101
+1,600
+5% +$61.5K
JEF icon
680
Jefferies Financial Group
JEF
$12.8B
$1.42M 0.01%
82,332
-3,661
-4% -$59.9K
FCN icon
681
FTI Consulting
FCN
$4.17B
$1.41M 0.01%
13,325
-200
-1% -$22.7K
ASH icon
682
Ashland
ASH
$3.45B
$1.41M 0.01%
19,872
-2,100
-10% -$156K
CW icon
683
Curtiss-Wright
CW
$25.6B
$1.41M 0.01%
15,098
-100
-0.7% -$9.6K
HBI
684
DELISTED
Hanesbrands
HBI
$1.4M 0.01%
88,802
-100
-0.1% -$1.47K
FLG
685
Flagstar Bank National Association
FLG
$5.82B
$1.4M 0.01%
56,318
+33
+0.1% +$943
IBKR icon
686
Interactive Brokers
IBKR
$41.1B
$1.39M 0.01%
115,336
+3,600
+3% +$44.9K
RRX icon
687
Regal Rexnord
RRX
$11.5B
$1.39M 0.01%
14,803
+100
+0.7% +$9.48K
AAN.A
688
DELISTED
The Aaron's Company Inc Class A
AAN.A
$1.39M 0.01%
24,487
-100
-0.4% -$5.66K
BLDR icon
689
Builders FirstSource
BLDR
$7.74B
$1.39M 0.01%
+42,500
New +$1.15M
LEG icon
690
Leggett & Platt
LEG
$1.29B
$1.38M 0.01%
33,616
– –
LOPE icon
691
Grand Canyon Education
LOPE
$3.82B
$1.38M 0.01%
17,272
+100
+0.6% +$9.05K
CRI icon
692
Carter's
CRI
$1.48B
$1.38M 0.01%
15,893
– –
DKS icon
693
Dick's Sporting Goods
DKS
$19.2B
$1.37M 0.01%
23,697
– –
HOG icon
694
Harley-Davidson
HOG
$2.72B
$1.37M 0.01%
55,800
+100
+0.2% +$2.69K
GMED icon
695
Globus Medical
GMED
$11.6B
$1.36M 0.01%
27,439
-100
-0.4% -$5.16K
EME icon
696
Emcor
EME
$35.7B
$1.36M 0.01%
20,035
+100
+0.5% +$6.94K
DOC
697
DELISTED
PHYSICIANS REALTY TRUST
DOC
$1.36M 0.01%
75,767
+2,000
+3% +$35.6K
VAC icon
698
Marriott Vacations Worldwide
VAC
$3.89B
$1.35M 0.01%
14,925
+1,600
+12% +$145K
SYNH
699
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$1.35M 0.01%
25,403
+2,700
+12% +$161K
VNO icon
700
Vornado Realty Trust
VNO
$7.26B
$1.35M 0.01%
39,968
-500
-1% -$17.8K
26 27
28
29 30

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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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

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.