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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
TWO
126
Two Harbors Investment
TWO
$1.27B
$19.3M 0.15%
950,000
– –
GS icon
127
Goldman Sachs
GS
$301B
$18.8M 0.15%
93,783
+14,700
+19% +$2.99M
TJX icon
128
TJX Companies
TJX
$177B
$18.4M 0.15%
329,745
+23,800
+8% +$1.28M
ELV icon
129
Elevance Health
ELV
$86.3B
$18.2M 0.14%
67,710
+3,300
+5% +$888K
EFC
130
Ellington Financial
EFC
$1.67B
$17.9M 0.14%
1,462,778
– –
CCI icon
131
Crown Castle
CCI
$31.4B
$17.8M 0.14%
107,107
+700
+0.7% +$116K
FDX icon
132
FedEx
FDX
$76.6B
$17.8M 0.14%
70,787
+9,400
+15% +$1.88M
DE icon
133
Deere & Co
DE
$163B
$17.7M 0.14%
79,989
+100
+0.1% +$19.3K
DUK icon
134
Duke Energy
DUK
$95.3B
$17.4M 0.14%
196,870
+9,200
+5% +$758K
BDX icon
135
Becton Dickinson
BDX
$48.6B
$17.2M 0.14%
75,847
-1,332
-2% -$327K
EQIX icon
136
Equinix
EQIX
$103B
$17.2M 0.14%
22,590
– –
CI icon
137
Cigna
CI
$73.6B
$17M 0.14%
100,474
+6,200
+7% +$1.09M
TMUS icon
138
T-Mobile US
TMUS
$189B
$17M 0.14%
148,500
+3,000
+2% +$333K
D icon
139
Dominion Energy
D
$59B
$16.9M 0.13%
214,423
+100
+0% +$7.86K
CL icon
140
Colgate-Palmolive
CL
$74.2B
$16.9M 0.13%
218,736
– –
MU icon
141
Micron Technology
MU
$996B
$16.6M 0.13%
353,263
+69,200
+24% +$3.35M
ATVI
142
DELISTED
Activision Blizzard
ATVI
$16.4M 0.13%
203,142
+6,400
+3% +$519K
G icon
143
Genpact
G
$5.81B
$16.4M 0.13%
420,000
+167,500
+66% +$6.6M
ITW icon
144
Illinois Tool Works
ITW
$84.1B
$16.3M 0.13%
84,443
+11,000
+15% +$2.09M
SFIX
145
Stitch Fix
SFIX
$538M
$16.3M 0.13%
+600,998
New +$15.4M
ADP icon
146
Automatic Data Processing
ADP
$108B
$15.9M 0.13%
113,954
-213,800
-65% -$30M
UTHR icon
147
United Therapeutics
UTHR
$22.5B
$15.8M 0.13%
156,693
+200
+0.1% +$21.9K
MS icon
148
Morgan Stanley
MS
$338B
$15.8M 0.13%
326,245
+20,400
+7% +$1.03M
PGR icon
149
Progressive
PGR
$125B
$15.6M 0.12%
164,575
+15,100
+10% +$1.36M
AMAT icon
150
Applied Materials
AMAT
$420B
$15.4M 0.12%
258,524
+24,500
+10% +$1.51M
4 5
6
7 8

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.