We are live on ! Find out more
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
MAC icon
951
Macerich
MAC
$6.9B
$277K ﹤0.01%
40,849
-1,500
-4% -$11.8K
PPC icon
952
Pilgrim's Pride
PPC
$6.31B
$266K ﹤0.01%
17,750
-1,100
-6% -$17.6K
NLY icon
953
Annaly Capital Management
NLY
$17.3B
$252K ﹤0.01%
+8,850
New +$256K
AMTD
954
DELISTED
TD Ameritrade Holding Corp
AMTD
$243K ﹤0.01%
+6,200
New +$233K
EQH icon
955
Equitable Holdings
EQH
$14.4B
$241K ﹤0.01%
+13,200
New +$265K
VST icon
956
Vistra
VST
$48.2B
$240K ﹤0.01%
+12,700
New +$239K
ATI icon
957
ATI
ATI
$31.1B
– –
-46,101
Closed -$470K
CRS icon
958
Carpenter Technology
CRS
$27.8B
– –
-17,372
Closed -$422K
NFE icon
959
New Fortress Energy
NFE
$97.8M
– –
-618,106
Closed -$8.01M
PBF icon
960
PBF Energy
PBF
$7.86B
– –
-37,117
Closed -$380K
RIG icon
961
Transocean
RIG
$6.33B
– –
-210,270
Closed -$385K
TR icon
962
Tootsie Roll Industries
TR
$2.97B
– –
-7,457
Closed -$214K
VRE
963
DELISTED
Veris Residential
VRE
– –
-32,970
Closed -$504K
XLI icon
964
State Street Industrial Select Sector SPDR ETF
XLI
$34.5B
– –
-128,344
Closed -$8.82M
WORK
965
DELISTED
Slack Technologies, Inc.
WORK
– –
-131,602
Closed -$4.09M
NGHC
966
DELISTED
National General Holdings Corp
NGHC
– –
-1,300,000
Closed -$28.1M
CCMP
967
DELISTED
CMC Materials, Inc. Common Stock
CCMP
– –
-10,562
Closed -$1.47M
LOGM
968
DELISTED
LogMein, Inc.
LOGM
– –
-17,774
Closed -$1.51M
LM
969
DELISTED
Legg Mason, Inc.
LM
– –
-30,413
Closed -$1.51M
TMUSR
970
DELISTED
T-Mobile US, Inc. Subscription Rights Expiring 7/27/2020
TMUSR
– –
-97,800
Closed -$16K
CZR
971
DELISTED
Caesars Entertainment Corporation
CZR
– –
-204,150
Closed -$2.48M
35 36 37 38
39

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.