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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
RAMP icon
726
LiveRamp
RAMP
$2.3B
$1.24M 0.01%
23,982
+200
+0.8% +$10K
KBH icon
727
KB Home
KBH
$3.47B
$1.23M 0.01%
32,097
+400
+1% +$14K
IVZ icon
728
Invesco
IVZ
$14B
$1.23M 0.01%
107,761
+11,700
+12% +$124K
BKH icon
729
Black Hills Corp
BKH
$5.62B
$1.23M 0.01%
22,898
+100
+0.4% +$5.71K
HPP
730
Hudson Pacific Properties
HPP
$740M
$1.23M 0.01%
7,980
+14
+0.2% +$2.31K
ZION icon
731
Zions Bancorporation
ZION
$10.3B
$1.22M 0.01%
41,816
– –
FOX icon
732
Fox Class B
FOX
$23.6B
$1.22M 0.01%
43,601
+2,900
+7% +$76.9K
EFOR
733
Everforth Inc
EFOR
$1.33B
$1.22M 0.01%
19,145
– –
IART icon
734
Integra LifeSciences
IART
$1.33B
$1.22M 0.01%
25,766
+100
+0.4% +$4.76K
LPX icon
735
Louisiana-Pacific
LPX
$5.2B
$1.21M 0.01%
40,942
+100
+0.2% +$3.07K
QLYS icon
736
Qualys
QLYS
$6.43B
$1.21M 0.01%
12,300
+100
+0.8% +$10.7K
RLI icon
737
RLI Corp
RLI
$5.83B
$1.21M 0.01%
28,818
-200
-0.7% -$8.77K
EQT icon
738
EQT Corp
EQT
$33.8B
$1.2M 0.01%
93,061
– –
TXNM
739
TXNM Energy Inc
TXNM
$5.91B
$1.2M 0.01%
29,057
+100
+0.3% +$4.17K
FLIR
740
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.2M 0.01%
33,416
– –
GO icon
741
Grocery Outlet
GO
$972M
$1.2M 0.01%
30,400
+7,300
+32% +$301K
JHG
742
DELISTED
Janus Henderson
JHG
$1.19M 0.01%
54,900
-1,000
-2% -$20.7K
NCLH icon
743
Norwegian Cruise Line
NCLH
$8.52B
$1.19M 0.01%
69,668
+4,200
+6% +$66.5K
TMHC
744
DELISTED
Taylor Morrison
TMHC
$1.16M 0.01%
47,279
+100
+0.2% +$2.36K
AMG icon
745
Affiliated Managers Group
AMG
$9.6B
$1.16M 0.01%
16,966
-200
-1% -$14K
KBR icon
746
KBR
KBR
$4.83B
$1.16M 0.01%
51,868
+100
+0.2% +$2.32K
DXC icon
747
DXC Technology
DXC
$1.74B
$1.16M 0.01%
64,766
– –
ENOV icon
748
Enovis
ENOV
$1.4B
$1.15M 0.01%
21,324
+3,544
+20% +$195K
ALK icon
749
Alaska Air
ALK
$5.27B
$1.15M 0.01%
31,331
– –
HRB icon
750
H&R Block
HRB
$5.82B
$1.15M 0.01%
70,300
+21,106
+43% +$310K
28 29
30
31 32

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.