STATE OF MICHIGAN RETIREMENT SYSTEM

Q3 2020 13F-HR Holdings

Location
East Lansing, MI
Holdings as of
9/30/2020
Date filed
10/26/2020
Form type
13F-HR
Num holdings
956
Total value ($000)
$12,578,966
Net value change ($000)
+1,166,204 (10.2%)
New positions
41
Sold out positions
15
Turnover %
2.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/29/2020 Next filing: 7/27/2021 SEC filing

Snapshot: Change Analysis

Compared to Q2 2020
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
MTUM 95,117 NEW
AGG 87,414 49.9%
LQD 81,719 44.5%
AMZN 54,482 14.6%
PINS 46,005 71.1%
SPY 41,743 12.0%
PYPL 29,600 45.0%
AMD 25,952 64.1%
BRK-B 25,740 20.8%
NVDA 25,553 42.8%
Top Reduces (Value $000, Stocks/ETFs)
RTX -37,930 -62.8%
ADP -32,904 -67.4%
National General Holdings Corp. -28,093 -100.0%
BKNG -26,970 -57.6%
CPAY -24,561 -82.8%
ORCL -21,177 -30.1%
LHX -18,654 -66.6%
CSCO -13,786 -14.4%
INTC -13,081 -12.0%
ALLY -11,602 -97.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type