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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
AZEK
201
DELISTED
The AZEK Co
AZEK
$9.4M 0.07%
+270,000
New +$9.41M
LHX icon
202
L3Harris
LHX
$54.5B
$9.36M 0.07%
55,134
-110,000
-67% -$19.3M
ROST icon
203
Ross Stores
ROST
$82.1B
$9.28M 0.07%
99,398
+8,600
+9% +$772K
XEL icon
204
Xcel Energy
XEL
$48.1B
$9.25M 0.07%
134,059
– –
COF icon
205
Capital One
COF
$134B
$9.21M 0.07%
128,104
+11,800
+10% +$789K
SBAC icon
206
SBA Communications
SBAC
$19.2B
$9.09M 0.07%
28,541
– –
CNC icon
207
Centene
CNC
$32.9B
$9.04M 0.07%
154,980
+7,100
+5% +$441K
COP icon
208
ConocoPhillips
COP
$146B
$8.99M 0.07%
273,680
-200
-0.1% -$7.58K
DOW icon
209
Dow Inc
DOW
$21.8B
$8.9M 0.07%
189,091
-100
-0.1% -$4.49K
EBAY icon
210
eBay
EBAY
$48.2B
$8.84M 0.07%
169,642
+900
+0.5% +$49.6K
SRE icon
211
Sempra
SRE
$55.6B
$8.73M 0.07%
147,576
-1,800
-1% -$111K
ORLY icon
212
O'Reilly Automotive
ORLY
$75.2B
$8.72M 0.07%
283,605
– –
JCI icon
213
Johnson Controls International
JCI
$91.9B
$8.71M 0.07%
213,085
+23,100
+12% +$905K
TEL icon
214
TE Connectivity
TEL
$62.5B
$8.61M 0.07%
88,101
+3,900
+5% +$359K
PCAR icon
215
PACCAR
PCAR
$69.6B
$8.57M 0.07%
150,801
+18,300
+14% +$1.03M
IDXX icon
216
Idexx Laboratories
IDXX
$47B
$8.51M 0.07%
21,654
– –
CARR icon
217
Carrier Global
CARR
$52.4B
$8.43M 0.07%
275,943
+68,000
+33% +$1.92M
HCA icon
218
HCA Healthcare
HCA
$89.4B
$8.39M 0.07%
67,282
– –
TROW icon
219
T. Rowe Price
TROW
$24.4B
$8.34M 0.07%
65,038
+6,900
+12% +$912K
SNPS icon
220
Synopsys
SNPS
$79.6B
$8.29M 0.07%
38,723
+200
+0.5% +$40.7K
APH icon
221
Amphenol
APH
$208B
$8.24M 0.07%
304,392
+2,000
+0.7% +$52.7K
MNST icon
222
Monster Beverage
MNST
$89.6B
$8.21M 0.07%
204,784
+13,800
+7% +$545K
GD icon
223
General Dynamics
GD
$107B
$8.21M 0.07%
59,302
– –
F icon
224
Ford
F
$56B
$8.16M 0.06%
1,225,153
+227,500
+23% +$1.54M
STZ icon
225
Constellation Brands
STZ
$22.9B
$8.13M 0.06%
42,887
– –
7 8
9
10 11

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.