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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
WFC icon
51
Wells Fargo
WFC
$264B
$57.2M 0.45%
2,431,216
+98,400
+4% +$2.42M
AGNC icon
52
AGNC Investment
AGNC
$12.7B
$57.1M 0.45%
4,103,600
-426,400
-9% -$5.87M
APD icon
53
Air Products & Chemicals
APD
$68.1B
$56.4M 0.45%
189,285
+12,900
+7% +$3.71M
PFE icon
54
Pfizer
PFE
$153B
$56.1M 0.45%
1,610,651
+115,413
+8% +$4.05M
ETRN
55
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$53.6M 0.43%
6,340,855
-199,900
-3% -$1.95M
ZTS icon
56
Zoetis
ZTS
$29.6B
$53.1M 0.42%
321,242
-80,100
-20% -$12.3M
KO icon
57
Coca-Cola
KO
$374B
$52.5M 0.42%
1,062,622
+75,400
+8% +$3.63M
VRTX icon
58
Vertex Pharmaceuticals
VRTX
$134B
$50.1M 0.4%
183,934
+20,500
+13% +$5.66M
MO icon
59
Altria Group
MO
$111B
$49.9M 0.4%
1,292,124
+31,500
+2% +$1.31M
WMT icon
60
Walmart Inc
WMT
$884B
$49.6M 0.39%
1,062,873
-21,900
-2% -$974K
ORCL icon
61
Oracle
ORCL
$429B
$49.2M 0.39%
824,128
-449,200
-35% -$25.5M
ARI
62
Apollo Commercial Real Estate
ARI
$883M
$49.2M 0.39%
5,459,968
– –
ABT icon
63
Abbott
ABT
$188B
$49.2M 0.39%
451,819
+100
+0% +$10.1K
PEP icon
64
PepsiCo
PEP
$188B
$49M 0.39%
353,298
-1,100
-0.3% -$150K
BAC icon
65
Bank of America
BAC
$446B
$46.9M 0.37%
1,945,502
-48,600
-2% -$1.21M
DG icon
66
Dollar General
DG
$26.8B
$46.9M 0.37%
223,508
-10,800
-5% -$2.12M
FIS icon
67
Fidelity National Information Services
FIS
$21.7B
$46.8M 0.37%
318,133
+300
+0.1% +$43.4K
MAS icon
68
Masco
MAS
$14.9B
$45.6M 0.36%
827,954
-600
-0.1% -$33.6K
EXC icon
69
Exelon
EXC
$46.1B
$45.6M 0.36%
1,786,550
+35,610
+2% +$944K
NOW icon
70
ServiceNow
NOW
$129B
$45.1M 0.36%
464,500
+71,000
+18% +$6.34M
CTSH icon
71
Cognizant
CTSH
$25.7B
$45M 0.36%
647,669
+6,600
+1% +$430K
NKE icon
72
Nike
NKE
$61.4B
$44.2M 0.35%
351,840
+35,100
+11% +$3.77M
AVY icon
73
Avery Dennison
AVY
$13.4B
$43.7M 0.35%
341,882
+1,300
+0.4% +$153K
XLF icon
74
State Street Financial Select Sector SPDR ETF
XLF
$59B
$43M 0.34%
1,788,417
-8,500
-0.5% -$207K
CBRE icon
75
CBRE Group
CBRE
$42.1B
$43M 0.34%
915,057
+20,600
+2% +$940K
1 2
3
4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.