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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
X
901
DELISTED
US Steel
X
$589K ﹤0.01%
80,289
+100
+0.1% +$758
HCSG icon
902
Healthcare Services Group
HCSG
$1.5B
$584K ﹤0.01%
27,144
+100
+0.4% +$2.33K
AVNS
903
DELISTED
Avanos Medical
AVNS
$577K ﹤0.01%
17,376
– –
NTCT icon
904
NETSCOUT
NTCT
$2.81B
$576K ﹤0.01%
26,387
+3,300
+14% +$79.7K
WAFD icon
905
WaFd
WAFD
$2.76B
$575K ﹤0.01%
27,552
– –
TCBI icon
906
Texas Capital Bancshares
TCBI
$4.32B
$572K ﹤0.01%
18,361
– –
AM icon
907
Antero Midstream
AM
$10.4B
$560K ﹤0.01%
104,190
+1,900
+2% +$11.6K
SIX
908
DELISTED
Six Flags Entertainment Corp.
SIX
$557K ﹤0.01%
27,429
-1,200
-4% -$24.7K
LGND icon
909
Ligand Pharmaceuticals
LGND
$6.42B
$555K ﹤0.01%
9,329
– –
EPC icon
910
Edgewell Personal Care
EPC
$1.29B
$551K ﹤0.01%
19,779
– –
FULT icon
911
Fulton Financial
FULT
$4.6B
$551K ﹤0.01%
59,020
+100
+0.2% +$983
TXG icon
912
10x Genomics
TXG
$7.44B
$543K ﹤0.01%
+4,358
New +$457K
CHX
913
DELISTED
ChampionX
CHX
$541K ﹤0.01%
67,665
+3,300
+5% +$31.8K
UAA icon
914
Under Armour
UAA
$2.5B
$541K ﹤0.01%
48,158
– –
WOR icon
915
Worthington Enterprises
WOR
$2.79B
$534K ﹤0.01%
21,253
-324
-2% -$7.89K
IBOC icon
916
International Bancshares
IBOC
$4.53B
$530K ﹤0.01%
20,329
+100
+0.5% +$3.06K
UFS
917
DELISTED
DOMTAR CORPORATION (New)
UFS
$529K ﹤0.01%
20,129
– –
DLPH
918
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$526K ﹤0.01%
31,486
+100
+0.3% +$1.65K
URBN icon
919
Urban Outfitters
URBN
$6.81B
$520K ﹤0.01%
24,966
-700
-3% -$13.7K
MD icon
920
Pediatrix Medical
MD
$2.12B
$506K ﹤0.01%
31,102
– –
BDC icon
921
Belden
BDC
$5.28B
$505K ﹤0.01%
16,214
+2,300
+17% +$75.8K
WLY icon
922
John Wiley & Sons Class A
WLY
$2.62B
$504K ﹤0.01%
15,893
– –
YELP icon
923
Yelp
YELP
$1.35B
$502K ﹤0.01%
24,997
+1,200
+5% +$27.3K
CAR icon
924
Avis
CAR
$4.9B
$495K ﹤0.01%
18,824
-700
-4% -$21.1K
TRMK icon
925
Trustmark
TRMK
$2.75B
$494K ﹤0.01%
23,092
– –
35 36
37
38 39

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FAM
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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)
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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
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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.