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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
NOC icon
176
Northrop Grumman
NOC
$82.1B
$12.5M 0.1%
39,533
-100
-0.3% -$32.6K
GM icon
177
General Motors
GM
$77.2B
$12.3M 0.1%
415,762
+94,100
+29% +$2.64M
PNC icon
178
PNC Financial Services
PNC
$100B
$11.9M 0.09%
108,347
– –
ILMN icon
179
Illumina
ILMN
$29B
$11.9M 0.09%
39,561
+926
+2% +$319K
ETN icon
180
Eaton
ETN
$173B
$11.7M 0.09%
+114,200
New +$11.2M
SCHW
181
Charles Schwab
SCHW
$188B
$11.6M 0.09%
321,240
+28,600
+10% +$995K
GPMT
182
Granite Point Mortgage Trust
GPMT
$59.8M
$11.3M 0.09%
1,600,000
– –
WM icon
183
Waste Management
WM
$90.6B
$11.2M 0.09%
99,174
– –
EFX icon
184
Equifax
EFX
$21.3B
$11.1M 0.09%
70,981
+40,000
+129% +$6.55M
ADI icon
185
Analog Devices
ADI
$187B
$11M 0.09%
94,303
+200
+0.2% +$23.4K
WNS
186
DELISTED
WNS Holdings
WNS
$10.8M 0.09%
169,000
+92,000
+119% +$5.8M
ROP icon
187
Roper Technologies
ROP
$39.9B
$10.6M 0.08%
26,747
+100
+0.4% +$41.6K
BAX icon
188
Baxter International
BAX
$14.4B
$10.4M 0.08%
129,155
-800
-0.6% -$67.3K
DD icon
189
DuPont de Nemours
DD
$19.1B
$10.4M 0.08%
149,157
-159
-0.1% -$11.1K
AEP icon
190
American Electric Power
AEP
$66.9B
$10.3M 0.08%
126,623
+100
+0.1% +$8.24K
CMI icon
191
Cummins
CMI
$87.4B
$10.1M 0.08%
47,984
+10,300
+27% +$2.05M
WOLF icon
192
Wolfspeed
WOLF
$1.52B
$10.1M 0.08%
158,431
+119,040
+302% +$7.71M
DXCM icon
193
DexCom
DXCM
$33.1B
$10.1M 0.08%
97,808
+3,600
+4% +$376K
DLR icon
194
Digital Realty Trust
DLR
$70.8B
$10.1M 0.08%
68,622
+100
+0.1% +$15K
EMR icon
195
Emerson Electric
EMR
$88.5B
$10M 0.08%
152,504
-100
-0.1% -$6.59K
AXP icon
196
American Express
AXP
$229B
$9.99M 0.08%
99,630
– –
EA
197
DELISTED
Electronic Arts
EA
$9.94M 0.08%
76,252
+2,500
+3% +$341K
SPH icon
198
Suburban Propane Partners
SPH
$1.17B
$9.93M 0.08%
610,000
– –
PSA icon
199
Public Storage
PSA
$60.8B
$9.78M 0.08%
43,900
+5,500
+14% +$1.12M
GIS icon
200
General Mills
GIS
$19.9B
$9.62M 0.08%
155,921
+1,100
+0.7% +$68.8K
6 7
8
9 10

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.