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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
SBRA icon
776
Sabra Healthcare REIT
SBRA
$5.28B
$1.03M 0.01%
74,924
+100
+0.1% +$1.47K
WBD icon
777
Warner Bros
WBD
$67.4B
$1.03M 0.01%
47,465
+6,600
+16% +$144K
PCH
778
DELISTED
PotlatchDeltic
PCH
$1.03M 0.01%
24,393
– –
HXL icon
779
Hexcel
HXL
$7.63B
$1.02M 0.01%
30,400
– –
UBSI icon
780
United Bankshares
UBSI
$6.58B
$1.01M 0.01%
47,295
+1,000
+2% +$26K
BLKB icon
781
Blackbaud
BLKB
$2.09B
$1.01M 0.01%
18,072
– –
VLY icon
782
Valley National Bancorp
VLY
$8.1B
$1.01M 0.01%
147,053
+4,500
+3% +$33.4K
SYNA icon
783
Synaptics
SYNA
$4.09B
$1M 0.01%
12,435
– –
SR icon
784
Spire
SR
$4.79B
$998K 0.01%
18,756
+100
+0.5% +$5.96K
PZZA icon
785
Papa John's
PZZA
$785M
$987K 0.01%
11,994
+3,900
+48% +$358K
CBRL icon
786
Cracker Barrel
CBRL
$1.25B
$985K 0.01%
8,588
– –
COHR
787
DELISTED
Coherent Inc
COHR
$985K 0.01%
8,883
+100
+1% +$12.1K
PNFP icon
788
Pinnacle Financial Partners Inc
PNFP
$15.8B
$984K 0.01%
27,660
+1,700
+7% +$67.7K
ALE
789
DELISTED
Allete
ALE
$975K 0.01%
18,850
– –
EVR icon
790
Evercore
EVR
$11.5B
$970K 0.01%
14,814
+100
+0.7% +$6.07K
CDP icon
791
COPT Defense Properties
CDP
$4.14B
$969K 0.01%
40,870
– –
VMI icon
792
Valmont Industries
VMI
$9.5B
$968K 0.01%
7,794
– –
COLM icon
793
Columbia Sportswear
COLM
$2.92B
$962K 0.01%
11,056
+700
+7% +$58.1K
ACHC icon
794
Acadia Healthcare
ACHC
$2.96B
$955K 0.01%
32,381
– –
TNL icon
795
Travel + Leisure Co
TNL
$4.5B
$954K 0.01%
31,013
– –
RL icon
796
Ralph Lauren
RL
$24.2B
$946K 0.01%
13,916
+1,700
+14% +$121K
NJR icon
797
New Jersey Resources
NJR
$5.45B
$944K 0.01%
34,949
+100
+0.3% +$3.04K
THC icon
798
Tenet Healthcare
THC
$20.9B
$941K 0.01%
38,407
+300
+0.8% +$7.67K
OZK icon
799
Bank OZK
OZK
$5.63B
$939K 0.01%
44,027
– –
NUS icon
800
Nu Skin
NUS
$250M
$938K 0.01%
18,735
-200
-1% -$9.48K
30 31
32
33 34

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FAM
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BA
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Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
Capital Fund Management (CFM)
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CAM
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DSA
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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.