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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
+22.37%
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
$11.4B
AUM Growth
+$2.34B
Cap. Flow
+$480M
Cap. Flow %
4.21%
Top 10 Hldgs %
24.68%
Holding
969
New
26
Increased
830
Reduced
54
Closed
38

Top Buys

Rank Stock Value
1
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$178M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$152M
3
CVS icon
CVS Health
CVS
+$102M
4
RTX icon
RTX Corp
RTX
+$61.1M
5
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
+$51M

Top Sells

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$197M
2
EXC icon
Exelon
EXC
+$92.1M
3
META icon
Meta Platforms (Facebook)
META
+$85.5M
4
GIS icon
General Mills
GIS
+$45.5M
5
RTN
Raytheon Company
RTN
+$39.1M

Sector Composition

Rank Sector Weight
1 Technology 22.75%
2 Healthcare 13.43%
3 Financials 13.35%
4 Consumer Discretionary 8.62%
5 Communication Services 8.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IDXX icon
226
Idexx Laboratories
IDXX
$46.2B
$7.15M 0.06%
21,654
+2,054
+10% +$595K
RMD icon
227
ResMed
RMD
$30.7B
$7.09M 0.06%
36,925
+3,925
+12% +$642K
SYY icon
228
Sysco
SYY
$40.3B
$7.08M 0.06%
129,612
+12,633
+11% +$664K
WEC icon
229
WEC Energy
WEC
$35.1B
$7.07M 0.06%
80,610
+8,333
+12% +$752K
VRSK icon
230
Verisk Analytics
VRSK
$25B
$7.05M 0.06%
41,428
+3,912
+10% +$618K
CLX icon
231
Clorox
CLX
$12.7B
$7M 0.06%
31,903
+3,133
+11% +$626K
A icon
232
Agilent Technologies
A
$41.2B
$6.97M 0.06%
78,906
+7,937
+11% +$650K
CMG icon
233
Chipotle Mexican Grill
CMG
$41.5B
$6.87M 0.06%
326,250
+34,250
+12% +$634K
TEL icon
234
TE Connectivity
TEL
$62.6B
$6.87M 0.06%
84,201
+7,525
+10% +$567K
AIG icon
235
American International
AIG
$41.3B
$6.86M 0.06%
219,996
+20,644
+10% +$580K
CDNS icon
236
Cadence Design Systems
CDNS
$93.4B
$6.84M 0.06%
71,254
+6,854
+11% +$574K
KR icon
237
Kroger
KR
$34.8B
$6.8M 0.06%
200,757
+16,881
+9% +$548K
AZO icon
238
AutoZone
AZO
$51.1B
$6.71M 0.06%
5,951
-28,913
-83% -$30.5M
YUM icon
239
Yum! Brands
YUM
$41.1B
$6.68M 0.06%
76,895
+7,541
+11% +$644K
MNST icon
240
Monster Beverage
MNST
$88.5B
$6.62M 0.06%
190,984
+16,000
+9% +$522K
PCAR icon
241
PACCAR
PCAR
$70.1B
$6.61M 0.06%
132,501
+13,674
+12% +$639K
AFL icon
242
Aflac
AFL
$62.6B
$6.6M 0.06%
183,205
+15,015
+9% +$542K
MCHP icon
243
Microchip Technology
MCHP
$46B
$6.6M 0.06%
125,294
+15,750
+14% +$709K
HCA icon
244
HCA Healthcare
HCA
$89.5B
$6.53M 0.06%
67,282
+6,562
+11% +$682K
CMI icon
245
Cummins
CMI
$88.7B
$6.53M 0.06%
37,684
+2,520
+7% +$403K
SLB icon
246
SLB Ltd
SLB
$75B
$6.52M 0.06%
354,446
+37,174
+12% +$651K
JCI icon
247
Johnson Controls International
JCI
$92.2B
$6.49M 0.06%
189,985
+13,098
+7% +$403K
WTW icon
248
Willis Towers Watson
WTW
$32B
$6.48M 0.06%
32,911
+3,433
+12% +$657K
ANSS
249
DELISTED
Ansys
ANSS
$6.41M 0.06%
21,954
+2,354
+12% +$627K
PPG icon
250
PPG Industries
PPG
$26.6B
$6.39M 0.06%
60,243
+6,075
+11% +$585K
8 9
10
11 12

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

State of Michigan Retirement System's Q2 2020 Portfolio in Review

As of Q2 2020, State of Michigan Retirement System held 969 positions worth $11.4B, up 26% from $9.07B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

State of Michigan Retirement System deployed $480M of net new capital in Q2 2020, opening 26 new positions and adding to 830 existing holdings. Its largest new stake was iShares iBoxx $ Investment Grade Corporate Bond ETF: 1,366,000 shares worth $184M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was AGNC Investment, an estimated $197M trimmed.

  • State of Michigan Retirement System's largest Q2 2020 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 1,366,000 shares worth $184M.
  • State of Michigan Retirement System added most to iShares Core US Aggregate Bond ETF in Q2 2020, an estimated $152M increase.
  • State of Michigan Retirement System's biggest Q2 2020 reduction was AGNC Investment, cutting an estimated $197M.
  • State of Michigan Retirement System fully exited Raytheon Company in Q2 2020, selling an estimated $39.1M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $11.4B portfolio in Q2 2020.
  • State of Michigan Retirement System opened 26 new positions and closed 38 in Q2 2020.
  • State of Michigan Retirement System's portfolio value rose 26% quarter-over-quarter to $11.4B.

Based on State of Michigan Retirement System's 13F filing for Q2 2020, filed 29 Jul 2020.