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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
REGN icon
151
Regeneron Pharmaceuticals
REGN
$82.1B
$15.3M 0.12%
27,392
+1,600
+6% +$970K
CME icon
152
CME Group
CME
$95.9B
$15.3M 0.12%
91,489
-100
-0.1% -$16.8K
TCPC icon
153
BlackRock TCP Capital
TCPC
$332M
$15.2M 0.12%
1,548,039
– –
CSX icon
154
CSX Corp
CSX
$93.1B
$15.2M 0.12%
585,669
-900
-0.2% -$22.2K
MRSH
155
Marsh
MRSH
$91.2B
$14.8M 0.12%
129,236
-1,100
-0.8% -$126K
TRU icon
156
TransUnion
TRU
$15.3B
$14.7M 0.12%
175,000
– –
SO icon
157
Southern Company
SO
$105B
$14.6M 0.12%
269,482
-200
-0.1% -$10.7K
SHW icon
158
Sherwin-Williams
SHW
$88B
$14.6M 0.12%
62,847
+900
+1% +$197K
ICE icon
159
Intercontinental Exchange
ICE
$85.2B
$14.3M 0.11%
143,210
+3,500
+3% +$345K
LRCX icon
160
Lam Research
LRCX
$384B
$14.1M 0.11%
425,850
+55,000
+15% +$1.89M
EL icon
161
Estee Lauder
EL
$31.4B
$14M 0.11%
64,201
+6,800
+12% +$1.4M
HUM icon
162
Humana
HUM
$46.8B
$14M 0.11%
33,755
– –
BSX icon
163
Boston Scientific
BSX
$73.1B
$13.9M 0.11%
365,065
+200
+0.1% +$7.71K
NSC icon
164
Norfolk Southern
NSC
$75.4B
$13.9M 0.11%
65,111
-300
-0.5% -$60.2K
GE icon
165
GE Aerospace
GE
$382B
$13.9M 0.11%
448,140
-81
-0% -$2.63K
TWTR
166
DELISTED
Twitter, Inc.
TWTR
$13.8M 0.11%
309,256
+108,862
+54% +$4.18M
CB icon
167
Chubb
CB
$135B
$13.4M 0.11%
115,139
-100
-0.1% -$12.6K
ECL icon
168
Ecolab
ECL
$79.6B
$13.3M 0.11%
66,395
+3,200
+5% +$639K
AON icon
169
Aon
AON
$76B
$13.2M 0.11%
64,124
+5,100
+9% +$1.02M
XLV icon
170
State Street Health Care Select Sector SPDR ETF
XLV
$43.9B
$13.2M 0.1%
125,028
-17,400
-12% -$1.83M
EW icon
171
Edwards Lifesciences
EW
$53.2B
$13.1M 0.1%
164,143
+5,900
+4% +$460K
TFC icon
172
Truist Financial
TFC
$63.8B
$13.1M 0.1%
343,826
-300
-0.1% -$11.3K
NEM icon
173
Newmont
NEM
$122B
$13M 0.1%
204,926
-100
-0% -$6.52K
ADSK icon
174
Autodesk
ADSK
$53.6B
$12.9M 0.1%
56,003
– –
KMB icon
175
Kimberly-Clark
KMB
$36B
$12.9M 0.1%
87,067
+100
+0.1% +$15K
5 6
7
8 9

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.