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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
FNB icon
851
FNB Corp
FNB
$6.75B
$798K 0.01%
117,757
+200
+0.2% +$1.47K
KEX icon
852
Kirby Corp
KEX
$7B
$793K 0.01%
21,913
+100
+0.5% +$4.41K
CNX icon
853
CNX Resources
CNX
$5.32B
$772K 0.01%
81,788
+13,700
+20% +$140K
UMBF icon
854
UMB Financial
UMBF
$11.1B
$769K 0.01%
15,698
+300
+2% +$15.1K
PDCO
855
DELISTED
Patterson Companies, Inc.
PDCO
$762K 0.01%
31,591
+200
+0.6% +$5.09K
BCO icon
856
Brink's
BCO
$4.55B
$754K 0.01%
18,361
– –
VSH icon
857
Vishay Intertechnology
VSH
$5.08B
$752K 0.01%
48,326
+100
+0.2% +$1.59K
DINO icon
858
HF Sinclair
DINO
$15.2B
$749K 0.01%
38,020
– –
TCO
859
DELISTED
Taubman Centers Inc.
TCO
$749K 0.01%
22,508
+100
+0.4% +$3.73K
EPR icon
860
EPR Properties
EPR
$4.63B
$746K 0.01%
27,129
-1,100
-4% -$34.4K
FHI icon
861
Federated Hermes
FHI
$4.71B
$745K 0.01%
34,649
-300
-0.9% -$7.12K
STL
862
DELISTED
Sterling Bancorp
STL
$745K 0.01%
70,846
+100
+0.1% +$1.13K
CBT icon
863
Cabot Corp
CBT
$4.46B
$743K 0.01%
20,609
+100
+0.5% +$3.8K
WRI
864
DELISTED
Weingarten Realty Investors
WRI
$743K 0.01%
43,827
– –
NGVT icon
865
Ingevity
NGVT
$2.65B
$742K 0.01%
15,003
– –
SABR icon
866
Sabre
SABR
$835M
$739K 0.01%
113,501
+13,200
+13% +$97.8K
BOH icon
867
Bank of Hawaii
BOH
$3.1B
$738K 0.01%
14,599
– –
CMP icon
868
Compass Minerals
CMP
$1.13B
$732K 0.01%
12,341
– –
BFH icon
869
Bread Financial
BFH
$4.38B
$731K 0.01%
21,827
+2,506
+13% +$89.1K
PACW
870
DELISTED
PacWest Bancorp
PACW
$726K 0.01%
42,532
+100
+0.2% +$1.85K
WPX
871
DELISTED
WPX Energy, Inc.
WPX
$721K 0.01%
147,128
-1,500
-1% -$8.3K
LNW
872
DELISTED
Light & Wonder
LNW
$710K 0.01%
20,345
+400
+2% +$8.57K
ASB icon
873
Associated Banc-Corp
ASB
$5.92B
$706K 0.01%
55,931
– –
VC icon
874
Visteon
VC
$2.8B
$703K 0.01%
10,162
– –
CVLT icon
875
Commault Systems
CVLT
$5.78B
$690K 0.01%
16,903
+1,400
+9% +$57.6K
33 34
35
36 37

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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
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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.