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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
CAG icon
326
Conagra Brands
CAG
$7.23B
$4.38M 0.04%
124,417
+12,846
+12% +$428K
CTLT
327
DELISTED
CATALENT, INC.
CTLT
$4.34M 0.04%
59,163
+16,263
+38% +$1.1M
LEN icon
328
Lennar Class A
LEN
$21.2B
$4.32M 0.04%
72,426
+6,151
+9% +$314K
LYB icon
329
LyondellBasell Industries
LYB
$19.2B
$4.32M 0.04%
65,670
+6,766
+11% +$403K
TFX icon
330
Teleflex
TFX
$5.98B
$4.3M 0.04%
11,807
+1,177
+11% +$407K
FCX icon
331
Freeport-McMoran
FCX
$97.5B
$4.29M 0.04%
370,863
+38,240
+11% +$350K
WY icon
332
Weyerhaeuser
WY
$18.4B
$4.28M 0.04%
190,569
+19,808
+12% +$401K
CMS icon
333
CMS Energy
CMS
$22.3B
$4.27M 0.04%
73,085
+8,050
+12% +$466K
WST icon
334
West Pharmaceutical
WST
$24.9B
$4.26M 0.04%
18,760
-1,740
-8% -$342K
WNS
335
DELISTED
WNS Holdings
WNS
$4.23M 0.04%
77,000
– –
CDW icon
336
CDW
CDW
$17B
$4.22M 0.04%
36,325
+3,425
+10% +$371K
K
337
DELISTED
Kellanova
K
$4.22M 0.04%
68,013
+7,211
+12% +$436K
NTRS icon
338
Northern Trust
NTRS
$33.9B
$4.22M 0.04%
53,143
+4,589
+9% +$364K
OXY icon
339
Occidental Petroleum
OXY
$55.9B
$4.21M 0.04%
229,862
+25,132
+12% +$396K
MASI
340
DELISTED
Masimo
MASI
$4.14M 0.04%
18,166
+4,566
+34% +$1M
LH icon
341
Labcorp
LH
$25.9B
$4.13M 0.04%
28,922
+2,968
+11% +$411K
MXIM
342
DELISTED
Maxim Integrated Products
MXIM
$4.13M 0.04%
68,058
+6,058
+10% +$337K
PXD
343
DELISTED
Pioneer Natural Resource Co.
PXD
$4.12M 0.04%
42,116
+4,114
+11% +$363K
AMCR icon
344
Amcor
AMCR
$22.1B
$4.11M 0.04%
80,431
+6,151
+8% +$287K
ODFL icon
345
Old Dominion Freight Line
ODFL
$44.9B
$4.09M 0.04%
48,296
+4,496
+10% +$341K
WORK
346
DELISTED
Slack Technologies, Inc.
WORK
$4.09M 0.04%
131,602
+91,351
+227% +$2.75M
TTWO icon
347
Take-Two Interactive
TTWO
$46.1B
$4.07M 0.04%
29,141
+3,141
+12% +$411K
DAL icon
348
Delta Air Lines
DAL
$60.1B
$4.07M 0.04%
144,930
+12,998
+10% +$331K
POOL icon
349
Pool Corp
POOL
$7.5B
$3.94M 0.03%
14,509
+3,409
+31% +$789K
TRMB icon
350
Trimble
TRMB
$13.9B
$3.93M 0.03%
90,918
+21,818
+32% +$818K
12 13
14
15 16

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.