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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
SNV
751
DELISTED
Synovus
SNV
$1.14M 0.01%
53,705
+100
+0.2% +$2.08K
AN icon
752
AutoNation
AN
$6.88B
$1.13M 0.01%
21,319
+400
+2% +$20.8K
ZD icon
753
Ziff Davis
ZD
$2B
$1.13M 0.01%
18,719
-230
-1% -$13K
JBLU icon
754
JetBlue
JBLU
$2.13B
$1.13M 0.01%
99,250
+1,100
+1% +$12.3K
SIGI icon
755
Selective Insurance
SIGI
$5.66B
$1.12M 0.01%
21,819
+100
+0.5% +$5.51K
FOXF icon
756
Fox Factory Holding Corp
FOXF
$884M
$1.12M 0.01%
+15,100
New +$1.36M
PBCT
757
DELISTED
People's United Financial Inc
PBCT
$1.12M 0.01%
108,342
-100
-0.1% -$1.09K
GBCI icon
758
Glacier Bancorp
GBCI
$6.35B
$1.11M 0.01%
34,800
+2,500
+8% +$86.3K
ACIW icon
759
ACI Worldwide
ACIW
$5.34B
$1.11M 0.01%
42,398
+200
+0.5% +$5.54K
MEDP icon
760
Medpace
MEDP
$16.8B
$1.11M 0.01%
+9,900
New +$1.14M
SLM icon
761
SLM Corp
SLM
$5.14B
$1.11M 0.01%
136,721
+200
+0.1% +$1.46K
JBGS
762
JBG SMITH
JBGS
$653M
$1.09M 0.01%
40,963
-1,800
-4% -$50.5K
NVT icon
763
nVent Electric
NVT
$26.3B
$1.09M 0.01%
61,865
+5,000
+9% +$93.6K
TPR icon
764
Tapestry
TPR
$33.3B
$1.09M 0.01%
70,003
– –
NKTR icon
765
Nektar Therapeutics
NKTR
$2.53B
$1.08M 0.01%
4,344
+26
+0.6% +$8.18K
PVH icon
766
PVH
PVH
$4.02B
$1.08M 0.01%
18,056
-100
-0.6% -$5.5K
KSS icon
767
Kohl's
KSS
$2.16B
$1.06M 0.01%
57,500
+17,772
+45% +$376K
SLGN icon
768
Silgan Holdings
SLGN
$4.35B
$1.05M 0.01%
28,696
+400
+1% +$14.7K
MSM icon
769
MSC Industrial Direct
MSM
$6.87B
$1.05M 0.01%
16,588
+100
+0.6% +$6.63K
NBL
770
DELISTED
Noble Energy, Inc.
NBL
$1.05M 0.01%
122,511
– –
CLH icon
771
Clean Harbors
CLH
$16.4B
$1.04M 0.01%
18,656
– –
HAIN icon
772
Hain Celestial
HAIN
$53.4M
$1.04M 0.01%
30,413
+1,800
+6% +$59.6K
ENS icon
773
EnerSys
ENS
$6.79B
$1.04M 0.01%
15,498
– –
UNVR
774
DELISTED
Univar Solutions Inc.
UNVR
$1.04M 0.01%
61,600
+11,200
+22% +$198K
VYX icon
775
NCR Voyix
VYX
$1.09B
$1.03M 0.01%
76,170
+326
+0.4% +$3.87K
29 30
31
32 33

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.