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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
WKC icon
926
World Kinect Corp
WKC
$1.89B
$489K ﹤0.01%
23,087
– –
HNI icon
927
HNI Corp
HNI
$3.54B
$487K ﹤0.01%
15,528
– –
SVC
928
Service Properties Trust
SVC
$1.05B
$476K ﹤0.01%
11,983
– –
JWN
929
DELISTED
Nordstrom
JWN
$471K ﹤0.01%
39,500
+100
+0.3% +$1.5K
MUR icon
930
Murphy Oil
MUR
$5.09B
$469K ﹤0.01%
52,595
-600
-1% -$7.7K
CVSA
931
Covista Inc
CVSA
$4.38B
$462K ﹤0.01%
18,845
– –
TEX icon
932
Terex
TEX
$7.58B
$453K ﹤0.01%
23,374
+187
+0.8% +$3.65K
UA icon
933
Under Armour Class C
UA
$2.42B
$439K ﹤0.01%
44,599
– –
NXPI icon
934
NXP Semiconductors
NXPI
$58.9B
$412K ﹤0.01%
+3,300
New +$403K
FLR icon
935
Fluor
FLR
$7.3B
$401K ﹤0.01%
45,485
-5,500
-11% -$57.9K
MCY icon
936
Mercury Insurance
MCY
$5.92B
$400K ﹤0.01%
9,667
-200
-2% -$8.59K
NWS icon
937
News Corp Class B
NWS
$17.6B
$391K ﹤0.01%
27,944
– –
CNK icon
938
Cinemark Holdings
CNK
$4.38B
$390K ﹤0.01%
38,996
– –
UE icon
939
Urban Edge Properties
UE
$2.75B
$388K ﹤0.01%
39,954
-300
-0.7% -$3.19K
AMCX icon
940
AMC Global Media
AMCX
$489M
$364K ﹤0.01%
14,743
– –
SBH icon
941
Sally Beauty Holdings
SBH
$1.57B
$357K ﹤0.01%
41,043
– –
GEF icon
942
Greif
GEF
$4.97B
$350K ﹤0.01%
9,678
+100
+1% +$3.69K
DELL icon
943
Dell
DELL
$296B
$345K ﹤0.01%
+10,062
New +$314K
WW
944
DELISTED
WW International
WW
$322K ﹤0.01%
17,082
+100
+0.6% +$2.35K
ICPT
945
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$301K ﹤0.01%
7,261
– –
ALLY icon
946
Ally Financial
ALLY
$13.3B
$296K ﹤0.01%
11,800
-588,200
-98% -$13.1M
ON icon
947
ON Semiconductor
ON
$31.1B
$293K ﹤0.01%
+13,500
New +$286K
QUAL icon
948
iShares MSCI USA Quality Factor ETF
QUAL
$48.1B
$290K ﹤0.01%
+2,800
New +$287K
VEEV icon
949
Veeva Systems
VEEV
$38.1B
$281K ﹤0.01%
+1,000
New +$264K
COTY icon
950
Coty
COTY
$2.51B
$278K ﹤0.01%
103,100
+28,065
+37% +$106K
35 36 37
38
39

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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.