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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
MCD icon
76
McDonald's
MCD
$194B
$41.7M 0.33%
189,863
– –
HON icon
77
Honeywell
HON
$77.2B
$40.6M 0.32%
261,987
-107
-0% -$15.9K
FISV
78
Fiserv Inc
FISV
$27.6B
$40.3M 0.32%
391,308
-1,800
-0.5% -$179K
COST icon
79
Costco
COST
$419B
$40M 0.32%
112,705
-100
-0.1% -$33.6K
DVA icon
80
DaVita
DVA
$11.6B
$39.1M 0.31%
456,310
-1,000
-0.2% -$85.4K
XOM icon
81
ExxonMobil
XOM
$655B
$38.2M 0.3%
1,113,618
+33,800
+3% +$1.38M
AVGO icon
82
Broadcom
AVGO
$2.03T
$37.4M 0.3%
1,026,720
+6,000
+0.6% +$201K
BRK.A icon
83
Berkshire Hathaway Class A
BRK.A
$1.15T
$37.1M 0.3%
116
– –
FOXA icon
84
Fox Class A
FOXA
$26.5B
$36.4M 0.29%
1,308,194
+7,500
+0.6% +$198K
XYZ
85
Block Inc
XYZ
$47.9B
$35.9M 0.29%
220,976
+976
+0.4% +$138K
BMY icon
86
Bristol-Myers Squibb
BMY
$132B
$35.8M 0.28%
593,843
+16,000
+3% +$963K
MDT icon
87
Medtronic
MDT
$113B
$35.6M 0.28%
343,037
+500
+0.1% +$50.2K
DHR icon
88
Danaher
DHR
$145B
$34.7M 0.28%
181,764
+452
+0.2% +$80.4K
TXN icon
89
Texas Instruments
TXN
$258B
$34.7M 0.28%
242,829
+8,400
+4% +$1.14M
NEE icon
90
NextEra Energy
NEE
$176B
$34.7M 0.28%
499,660
-400
-0.1% -$27.6K
CVX icon
91
Chevron
CVX
$378B
$34.3M 0.27%
476,477
-300
-0.1% -$25.2K
BIIB icon
92
Biogen
BIIB
$30.6B
$34.2M 0.27%
120,583
+3,700
+3% +$1.03M
UNP icon
93
Union Pacific
UNP
$175B
$34.1M 0.27%
173,248
-100
-0.1% -$18.6K
MCO icon
94
Moody's
MCO
$83.3B
$34.1M 0.27%
117,648
+3,700
+3% +$1.06M
IQV icon
95
IQVIA
IQV
$39.5B
$33.9M 0.27%
215,304
+3,400
+2% +$533K
LOW icon
96
Lowe's Companies
LOW
$123B
$32M 0.25%
192,873
– –
LIN icon
97
Linde
LIN
$225B
$31.9M 0.25%
134,064
-100
-0.1% -$24.2K
UPS icon
98
United Parcel Service
UPS
$88.5B
$30.1M 0.24%
180,419
+600
+0.3% +$87.4K
LLY icon
99
Eli Lilly
LLY
$1.08T
$30M 0.24%
202,594
-12,500
-6% -$1.93M
IJH icon
100
iShares Core S&P Mid-Cap ETF
IJH
$127B
$29.1M 0.23%
784,765
– –
2 3
4
5 6

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.