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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
MKC icon
276
McCormick & Company Non-Voting
MKC
$14.3B
$5.67M 0.05%
63,202
+6,666
+12% +$549K
ADM icon
277
Archer Daniels Midland
ADM
$38B
$5.66M 0.05%
141,908
+14,308
+11% +$536K
DLTR icon
278
Dollar Tree
DLTR
$24.8B
$5.62M 0.05%
60,585
+6,375
+12% +$532K
AVB icon
279
AvalonBay Communities
AVB
$26.3B
$5.56M 0.05%
35,950
+3,927
+12% +$621K
WELL icon
280
Welltower
WELL
$169B
$5.52M 0.05%
106,596
+13,587
+15% +$668K
SWK icon
281
Stanley Black & Decker
SWK
$15.3B
$5.49M 0.05%
39,368
+4,520
+13% +$545K
SWKS icon
282
Skyworks Solutions
SWKS
$10.5B
$5.45M 0.05%
42,620
+3,512
+9% +$389K
TT icon
283
Trane Technologies
TT
$106B
$5.44M 0.05%
61,115
+6,175
+11% +$537K
VRSN icon
284
VeriSign
VRSN
$26.6B
$5.38M 0.05%
26,002
+2,345
+10% +$487K
FE icon
285
FirstEnergy
FE
$27.1B
$5.37M 0.05%
138,370
+14,517
+12% +$600K
APTV icon
286
Aptiv
APTV
$10.1B
$5.33M 0.05%
68,388
+9,866
+17% +$679K
EFX icon
287
Equifax
EFX
$21.2B
$5.33M 0.05%
30,981
+3,235
+12% +$479K
DTE icon
288
DTE Energy
DTE
$28.7B
$5.29M 0.05%
57,837
+6,110
+12% +$541K
EQR icon
289
Equity Residential
EQR
$24.7B
$5.25M 0.05%
89,319
+9,316
+12% +$577K
EIX icon
290
Edison International
EIX
$26B
$5.24M 0.05%
96,496
+14,312
+17% +$823K
AME icon
291
Ametek
AME
$58B
$5.23M 0.05%
58,563
+6,179
+12% +$518K
ARE icon
292
Alexandria Real Estate Equities
ARE
$8.31B
$5.23M 0.05%
32,235
+4,135
+15% +$632K
O icon
293
Realty Income
O
$58.1B
$5.22M 0.05%
90,551
+9,514
+12% +$507K
HLT icon
294
Hilton Worldwide
HLT
$70.3B
$5.2M 0.05%
70,850
+6,250
+10% +$464K
CTVA icon
295
Corteva
CTVA
$51.3B
$5.12M 0.04%
191,119
+19,508
+11% +$508K
FTV icon
296
Fortive
FTV
$18.5B
$5.12M 0.04%
119,984
+12,598
+12% +$491K
TER icon
297
Teradyne
TER
$58.4B
$5.1M 0.04%
60,305
+13,805
+30% +$925K
KHC icon
298
Kraft Heinz
KHC
$29.8B
$5.07M 0.04%
159,119
+16,373
+11% +$492K
PPL
299
PPL Corp
PPL
$26.4B
$5.07M 0.04%
196,364
+20,398
+12% +$531K
BBY icon
300
Best Buy
BBY
$17.3B
$5.07M 0.04%
58,085
+5,881
+11% +$446K
10 11
12
13 14

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.