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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
VMC icon
351
Vulcan Materials
VMC
$36.8B
$3.92M 0.03%
33,839
+3,529
+12% +$387K
DFS
352
DELISTED
Discover Financial Services
DFS
$3.92M 0.03%
78,178
+6,335
+9% +$279K
LVS icon
353
Las Vegas Sands
LVS
$29.5B
$3.91M 0.03%
85,821
+8,421
+11% +$396K
DGX icon
354
Quest Diagnostics
DGX
$26.3B
$3.9M 0.03%
34,192
-318,771
-90% -$33.8M
TSCO icon
355
Tractor Supply
TSCO
$18B
$3.89M 0.03%
147,445
+11,685
+9% +$256K
MOH icon
356
Molina Healthcare
MOH
$10.4B
$3.83M 0.03%
21,503
+4,103
+24% +$699K
ESS icon
357
Essex Property Trust
ESS
$18.2B
$3.82M 0.03%
16,668
+1,466
+10% +$351K
PAYC icon
358
Paycom
PAYC
$9.55B
$3.8M 0.03%
12,272
+1,072
+10% +$285K
DOC icon
359
Healthpeak Properties
DOC
$14.5B
$3.79M 0.03%
137,509
+24,042
+21% +$614K
HOLX
360
DELISTED
Hologic
HOLX
$3.76M 0.03%
65,920
+4,460
+7% +$219K
CGNX icon
361
Cognex
CGNX
$10.8B
$3.73M 0.03%
62,489
+15,089
+32% +$819K
OKE icon
362
Oneok
OKE
$56.3B
$3.73M 0.03%
112,309
+17,583
+19% +$573K
KMX icon
363
CarMax
KMX
$8.38B
$3.72M 0.03%
41,519
+3,814
+10% +$299K
BR icon
364
Broadridge
BR
$19.7B
$3.7M 0.03%
29,339
+3,039
+12% +$352K
DPZ icon
365
Domino's
DPZ
$11.4B
$3.69M 0.03%
9,979
-721
-7% -$266K
TECH icon
366
Bio-Techne
TECH
$11.2B
$3.68M 0.03%
55,676
+13,276
+31% +$795K
KSU
367
DELISTED
Kansas City Southern
KSU
$3.62M 0.03%
24,260
+1,548
+7% +$218K
GRMN
368
Garmin
GRMN
$60.2B
$3.62M 0.03%
37,087
+3,925
+12% +$336K
MPT
369
Medical Properties Trust
MPT
$2.46B
$3.61M 0.03%
192,251
+48,651
+34% +$862K
JKHY icon
370
Jack Henry & Associates
JKHY
$11.1B
$3.61M 0.03%
19,610
+1,960
+11% +$342K
MPWR icon
371
Monolithic Power Systems
MPWR
$68.7B
$3.58M 0.03%
15,109
-3,172
-17% -$642K
DOV icon
372
Dover
DOV
$28.3B
$3.55M 0.03%
36,787
+3,425
+10% +$316K
NDSN icon
373
Nordson
NDSN
$17.2B
$3.55M 0.03%
18,716
+4,556
+32% +$773K
COO icon
374
Cooper Companies
COO
$14.8B
$3.55M 0.03%
50,012
+4,300
+9% +$319K
TYL icon
375
Tyler Technologies
TYL
$13.1B
$3.54M 0.03%
10,200
-600
-6% -$201K
13 14
15
16 17

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 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.