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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
CMG icon
101
Chipotle Mexican Grill
CMG
$41.5B
$28.8M 0.23%
1,156,250
+830,000
+254% +$20M
ALGN icon
102
Align Technology
ALGN
$12.3B
$28.7M 0.23%
87,662
+69,400
+380% +$21.2M
SPNT icon
103
SiriusPoint
SPNT
$2.68B
$28.4M 0.23%
4,085,000
– –
AMT icon
104
American Tower
AMT
$80.4B
$27.4M 0.22%
113,195
– –
SBUX icon
105
Starbucks
SBUX
$120B
$25.6M 0.2%
298,342
– –
C icon
106
Citigroup
C
$226B
$25M 0.2%
579,014
+47,300
+9% +$2.36M
CHTR icon
107
Charter Communications
CHTR
$18.2B
$23.9M 0.19%
38,216
-300
-0.8% -$177K
SNAP icon
108
Snap
SNAP
$9.01B
$23.8M 0.19%
909,810
+509,810
+127% +$11.9M
MMM icon
109
3M
MMM
$94.3B
$23.5M 0.19%
175,781
+120
+0.1% +$16.1K
NLSN
110
DELISTED
Nielsen Holdings plc
NLSN
$23.2M 0.18%
1,634,856
+8,900
+0.5% +$133K
INTU icon
111
Intuit
INTU
$89B
$22.6M 0.18%
69,348
+2,700
+4% +$845K
TGT icon
112
Target
TGT
$68B
$22.5M 0.18%
142,943
+15,200
+12% +$2.09M
DLX icon
113
Deluxe
DLX
$1.15B
$22.5M 0.18%
873,100
-15,260
-2% -$394K
RTX icon
114
RTX Corp
RTX
$301B
$22.4M 0.18%
389,842
-589,743
-60% -$35.9M
BA icon
115
Boeing
BA
$185B
$22.4M 0.18%
135,371
-1,500
-1% -$256K
BLK icon
116
Blackrock
BLK
$176B
$22.3M 0.18%
39,598
+200
+0.5% +$114K
ISRG icon
117
Intuitive Surgical
ISRG
$134B
$21.9M 0.17%
92,421
+3,000
+3% +$674K
GILD icon
118
Gilead Sciences
GILD
$165B
$21.6M 0.17%
341,260
+21,000
+7% +$1.46M
KEYS icon
119
Keysight
KEYS
$58.3B
$21.5M 0.17%
217,802
-20,000
-8% -$1.96M
MDLZ icon
120
Mondelez International
MDLZ
$79.9B
$20.9M 0.17%
364,503
-100
-0% -$5.57K
GLOB icon
121
Globant
GLOB
$1.61B
$20.7M 0.16%
115,600
+41,600
+56% +$7.16M
CAT icon
122
Caterpillar
CAT
$387B
$20.6M 0.16%
138,176
-100
-0.1% -$14K
PRSP
123
DELISTED
Perspecta Inc. Common Stock
PRSP
$20M 0.16%
1,028,453
+100
+0% +$2.11K
PLD icon
124
Prologis
PLD
$133B
$19.9M 0.16%
197,844
+9,200
+5% +$922K
BKNG icon
125
Booking.com
BKNG
$161B
$19.9M 0.16%
290,100
-445,000
-61% -$31.3M
3 4
5
6 7

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.