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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
TGNA
801
DELISTED
TEGNA Inc
TGNA
$937K 0.01%
79,766
+200
+0.3% +$2.38K
AVT icon
802
Avnet
AVT
$7.99B
$929K 0.01%
35,963
– –
DVN icon
803
Devon Energy
DVN
$49.9B
$924K 0.01%
97,659
-100
-0.1% -$1.05K
NEU icon
804
NewMarket
NEU
$8.37B
$913K 0.01%
2,668
– –
APA icon
805
APA Corp
APA
$14.4B
$912K 0.01%
96,296
-100
-0.1% -$1.37K
BHF icon
806
Brighthouse Financial
BHF
$3.46B
$911K 0.01%
33,865
-300
-0.9% -$8.71K
PLAN
807
DELISTED
Anaplan, Inc.
PLAN
$911K 0.01%
+14,561
New +$750K
FLS icon
808
Flowserve
FLS
$10.1B
$906K 0.01%
33,206
– –
NUVA
809
DELISTED
NuVasive, Inc.
NUVA
$906K 0.01%
18,650
– –
XEC
810
DELISTED
CIMAREX ENERGY CO
XEC
$905K 0.01%
37,192
– –
CXT icon
811
Crane NXT
CXT
$2.96B
$902K 0.01%
51,787
+287
+0.6% +$5.67K
TDC icon
812
Teradata
TDC
$2.58B
$900K 0.01%
39,664
+200
+0.5% +$4.44K
SFM icon
813
Sprouts Farmers Market
SFM
$7.96B
$899K 0.01%
42,943
+100
+0.2% +$2.4K
CHH icon
814
Choice Hotels
CHH
$4.62B
$898K 0.01%
10,446
-1,000
-9% -$90.1K
NOV icon
815
NOV
NOV
$7.38B
$898K 0.01%
99,074
-100
-0.1% -$1.17K
NWE icon
816
NorthWestern Energy
NWE
$4.38B
$898K 0.01%
18,461
+100
+0.5% +$5.31K
BYD icon
817
Boyd Gaming
BYD
$5.92B
$897K 0.01%
29,218
+100
+0.3% +$2.51K
PSB
818
DELISTED
PS Business Parks, Inc.
PSB
$895K 0.01%
7,309
– –
PD icon
819
PagerDuty
PD
$916M
$894K 0.01%
+32,965
New +$927K
SXT icon
820
Sensient Technologies
SXT
$5.51B
$893K 0.01%
15,468
+100
+0.7% +$5.52K
GAP
821
The Gap Inc
GAP
$7.74B
$893K 0.01%
52,433
-1,600
-3% -$23.8K
WERN icon
822
Werner Enterprises
WERN
$2.2B
$889K 0.01%
21,163
+300
+1% +$13.3K
AVNT icon
823
Avient
AVNT
$4.19B
$881K 0.01%
+33,281
New +$868K
TREE icon
824
LendingTree
TREE
$453M
$880K 0.01%
2,868
+100
+4% +$31.8K
UNM icon
825
Unum
UNM
$14.5B
$874K 0.01%
51,960
– –
31 32
33
34 35

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FAM
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BA
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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
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IC
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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.