We are live on ! Find out more
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
RPM icon
376
RPM International
RPM
$15B
$3.54M 0.03%
47,097
+11,179
+31% +$777K
IP icon
377
International Paper
IP
$22B
$3.53M 0.03%
105,990
+10,979
+12% +$350K
HIG icon
378
Hartford Financial Services
HIG
$39.3B
$3.53M 0.03%
91,487
+8,812
+11% +$336K
NDAQ icon
379
Nasdaq
NDAQ
$52.9B
$3.51M 0.03%
88,050
+9,117
+12% +$339K
FITB
380
Fifth Third Bancorp
FITB
$51.8B
$3.5M 0.03%
181,776
+19,127
+12% +$354K
VTR icon
381
Ventas
VTR
$47.9B
$3.49M 0.03%
95,314
+9,904
+12% +$327K
BRO icon
382
Brown & Brown
BRO
$23.9B
$3.49M 0.03%
85,592
+20,692
+32% +$798K
GWW icon
383
W.W. Grainger
GWW
$60.2B
$3.48M 0.03%
11,084
+1,077
+11% +$311K
ZBRA icon
384
Zebra Technologies
ZBRA
$17.8B
$3.47M 0.03%
13,570
+1,270
+10% +$298K
HRL icon
385
Hormel Foods
HRL
$13.8B
$3.46M 0.03%
71,574
+7,854
+12% +$375K
HES
386
DELISTED
Hess
HES
$3.45M 0.03%
66,667
+7,362
+12% +$337K
EVRG icon
387
Evergy
EVRG
$19.2B
$3.43M 0.03%
57,879
+5,679
+11% +$336K
WTRG icon
388
Essential Utilities
WTRG
$11.4B
$3.43M 0.03%
81,193
+21,277
+36% +$899K
MTB icon
389
M&T Bank
MTB
$36.2B
$3.41M 0.03%
32,799
+2,629
+9% +$278K
TIF
390
DELISTED
Tiffany & Co.
TIF
$3.4M 0.03%
27,877
+3,143
+13% +$394K
WDC icon
391
Western Digital
WDC
$150B
$3.38M 0.03%
101,200
+11,039
+12% +$358K
MAA icon
392
Mid-America Apartment Communities
MAA
$15.7B
$3.35M 0.03%
29,242
+3,041
+12% +$342K
CABO icon
393
Cable One
CABO
$212M
$3.34M 0.03%
1,884
+384
+26% +$688K
IFF icon
394
International Flavors & Fragrances
IFF
$21.9B
$3.34M 0.03%
27,287
+2,745
+11% +$347K
BXP icon
395
Boston Properties
BXP
$11.1B
$3.34M 0.03%
36,951
+4,023
+12% +$365K
DRE
396
DELISTED
Duke Realty Corp.
DRE
$3.33M 0.03%
94,108
+9,808
+12% +$335K
STE icon
397
Steris
STE
$23.1B
$3.32M 0.03%
21,654
+2,254
+12% +$343K
FMC icon
398
FMC
FMC
$1.33B
$3.29M 0.03%
33,067
-377,567
-92% -$34.8M
MLM icon
399
Martin Marietta Materials
MLM
$33B
$3.28M 0.03%
15,878
+1,566
+11% +$301K
QRVO icon
400
Qorvo
QRVO
$8.74B
$3.23M 0.03%
29,263
+2,639
+10% +$262K
14 15
16
17 18

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.