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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
WWE
876
DELISTED
World Wrestling Entertainment
WWE
$687K 0.01%
16,977
+100
+0.6% +$4.38K
TRIP icon
877
TripAdvisor
TRIP
$1.26B
$686K 0.01%
35,001
-1,700
-5% -$35.7K
CADE
878
DELISTED
Cadence Bank
CADE
$681K 0.01%
35,144
-200
-0.6% -$4.27K
OPLN
879
Openlane
OPLN
$4.58B
$678K 0.01%
47,090
+100
+0.2% +$1.56K
FTI icon
880
TechnipFMC
FTI
$29.1B
$673K 0.01%
143,377
– –
TDS icon
881
Telephone and Data Systems
TDS
$3.84B
$669K 0.01%
36,274
+700
+2% +$14.7K
PBH icon
882
Prestige Consumer Healthcare
PBH
$2.51B
$665K 0.01%
18,266
– –
JACK icon
883
Jack in the Box
JACK
$340M
$657K 0.01%
8,288
– –
GT icon
884
Goodyear
GT
$1.74B
$651K 0.01%
84,913
+200
+0.2% +$1.85K
DAN icon
885
Dana Inc
DAN
$3.21B
$648K 0.01%
52,621
– –
MLKN icon
886
MillerKnoll
MLKN
$1.64B
$647K 0.01%
21,449
+100
+0.5% +$2.48K
IDCC icon
887
InterDigital
IDCC
$8.99B
$642K 0.01%
11,246
+100
+0.9% +$6.01K
CIT
888
DELISTED
CIT Group Inc.
CIT
$635K 0.01%
35,844
– –
MTX icon
889
Minerals Technologies
MTX
$2.32B
$634K 0.01%
12,415
– –
TRN icon
890
Trinity Industries
TRN
$2.3B
$632K 0.01%
32,427
-1,900
-6% -$38.6K
GNW icon
891
Genworth Financial
GNW
$3.75B
$617K ﹤0.01%
184,309
+1,100
+0.6% +$2.93K
DY icon
892
Dycom Industries
DY
$12B
$615K ﹤0.01%
11,641
+100
+0.9% +$4.84K
OI icon
893
O-I Glass
OI
$1.08B
$605K ﹤0.01%
57,131
+100
+0.2% +$1.07K
GHC icon
894
Graham Holdings Company
GHC
$4.99B
$600K ﹤0.01%
1,484
-100
-6% -$40.1K
CMD
895
DELISTED
Cantel Medical Corporation
CMD
$599K ﹤0.01%
13,625
+100
+0.7% +$4.93K
NAVI icon
896
Navient
NAVI
$796M
$597K ﹤0.01%
70,594
+8,500
+14% +$69.7K
PEB icon
897
Pebblebrook Hotel Trust
PEB
$2B
$597K ﹤0.01%
47,635
– –
ADNT icon
898
Adient
ADNT
$1.44B
$592K ﹤0.01%
34,186
+2,400
+8% +$41.8K
HWC icon
899
Hancock Whitney
HWC
$6.23B
$592K ﹤0.01%
31,486
+100
+0.3% +$1.96K
CATY icon
900
Cathay General Bancorp
CATY
$4.23B
$591K ﹤0.01%
27,239
-300
-1% -$7.33K
34 35
36
37 38

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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)
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
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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.