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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
KMT icon
826
Kennametal
KMT
$2.41B
$873K 0.01%
30,167
– –
WBS icon
827
Webster Financial
WBS
$12.8B
$867K 0.01%
32,810
– –
CMC icon
828
Commercial Metals
CMC
$8.1B
$866K 0.01%
43,338
– –
SLG icon
829
SL Green Realty
SLG
$3.9B
$866K 0.01%
19,282
-930
-5% -$43.1K
FCFS icon
830
FirstCash
FCFS
$9.05B
$864K 0.01%
15,098
– –
MTZ icon
831
MasTec
MTZ
$21.5B
$861K 0.01%
20,413
-800
-4% -$34.4K
TPH
832
DELISTED
Tri Pointe Homes
TPH
$861K 0.01%
47,437
– –
NSP icon
833
Insperity
NSP
$1.96B
$860K 0.01%
13,125
-100
-0.8% -$6.67K
PK icon
834
Park Hotels & Resorts
PK
$2.92B
$858K 0.01%
85,865
+100
+0.1% +$947
LULU icon
835
lululemon athletica
LULU
$14.5B
$856K 0.01%
+2,600
New +$868K
XRX icon
836
Xerox
XRX
$427M
$856K 0.01%
45,620
-1,100
-2% -$19.3K
UMPQ
837
DELISTED
Umpqua Holdings Corp
UMPQ
$852K 0.01%
80,255
+100
+0.1% +$1.1K
SAFM
838
DELISTED
Sanderson Farms Inc
SAFM
$850K 0.01%
7,209
– –
WTFC icon
839
Wintrust Financial
WTFC
$10.7B
$842K 0.01%
21,029
+100
+0.5% +$4.28K
HOMB icon
840
Home BancShares
HOMB
$6.17B
$839K 0.01%
55,368
-500
-0.9% -$8.04K
THS
841
DELISTED
Treehouse Foods
THS
$832K 0.01%
20,535
– –
ENR icon
842
Energizer
ENR
$1.5B
$831K 0.01%
21,236
-1,900
-8% -$87.1K
R icon
843
Ryder
R
$9.98B
$830K 0.01%
19,645
+100
+0.5% +$4.04K
CNO icon
844
CNO Financial Group
CNO
$5.12B
$827K 0.01%
51,579
-700
-1% -$11.2K
MRO
845
DELISTED
Marathon Oil Corporation
MRO
$824K 0.01%
201,421
-400
-0.2% -$2.11K
STRA icon
846
Strategic Education
STRA
$1.84B
$814K 0.01%
8,900
+800
+10% +$97.2K
GATX icon
847
GATX Corp
GATX
$6.23B
$811K 0.01%
12,720
– –
AEO icon
848
American Eagle Outfitters
AEO
$3.07B
$803K 0.01%
54,222
-2,400
-4% -$28.6K
LIVN icon
849
LivaNova
LIVN
$4.21B
$803K 0.01%
17,766
+100
+0.6% +$4.84K
VSAT icon
850
Viasat
VSAT
$11.7B
$802K 0.01%
23,324
+2,100
+10% +$79.5K
32 33
34
35 36

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.