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
CPT icon
401
Camden Property Trust
CPT
$11.3B
$3.23M 0.03%
35,444
+8,544
+32% +$755K
EXPD icon
402
Expeditors International
EXPD
$23.2B
$3.23M 0.03%
42,511
+3,412
+9% +$249K
PARA
403
DELISTED
Paramount Global Class B
PARA
$3.22M 0.03%
138,087
+14,217
+11% +$274K
GPC icon
404
Genuine Parts
GPC
$18.7B
$3.21M 0.03%
36,857
+3,525
+11% +$278K
HPE icon
405
Hewlett Packard
HPE
$70.5B
$3.19M 0.03%
328,121
+31,424
+11% +$309K
LDOS icon
406
Leidos
LDOS
$17.3B
$3.19M 0.03%
34,077
+3,629
+12% +$357K
NUE icon
407
Nucor
NUE
$62.1B
$3.19M 0.03%
76,952
+7,441
+11% +$301K
CRL icon
408
Charles River Laboratories
CRL
$12.8B
$3.13M 0.03%
17,972
+4,372
+32% +$698K
RNR icon
409
RenaissanceRe
RNR
$13.4B
$3.13M 0.03%
18,293
+5,993
+49% +$984K
ATO icon
410
Atmos Energy
ATO
$28.8B
$3.11M 0.03%
31,237
+3,837
+14% +$387K
QDEL icon
411
QuidelOrtho
QDEL
$838M
$3.11M 0.03%
+13,900
New +$2.18M
SJM icon
412
J.M. Smucker
SJM
$12.8B
$3.08M 0.03%
29,141
-225,859
-89% -$25.4M
CONE
413
DELISTED
CyrusOne Inc Common Stock
CONE
$3.05M 0.03%
41,964
+10,564
+34% +$752K
LNT icon
414
Alliant Energy
LNT
$18B
$3.05M 0.03%
63,731
+8,575
+16% +$417K
EXR icon
415
Extra Space Storage
EXR
$31.6B
$3.05M 0.03%
32,981
+3,233
+11% +$301K
IEX icon
416
IDEX
IEX
$17.3B
$3.04M 0.03%
19,260
+1,860
+11% +$284K
SYF icon
417
Synchrony
SYF
$25.6B
$3.04M 0.03%
137,114
+7,704
+6% +$150K
KEY icon
418
KeyCorp
KEY
$24.4B
$3.03M 0.03%
249,113
+23,286
+10% +$271K
CIEN icon
419
Ciena
CIEN
$58.4B
$3.03M 0.03%
55,963
+13,063
+30% +$649K
NVR icon
420
NVR
NVR
$17B
$3.01M 0.03%
923
+97
+12% +$297K
OMC icon
421
Omnicom Group
OMC
$23.4B
$2.99M 0.03%
54,703
+4,785
+10% +$260K
XYL icon
422
Xylem
XYL
$28.1B
$2.99M 0.03%
45,978
+4,706
+11% +$311K
RGLD icon
423
Royal Gold
RGLD
$19.5B
$2.97M 0.03%
23,887
+5,687
+31% +$687K
BF.B icon
424
Brown-Forman Class B
BF.B
$13.1B
$2.97M 0.03%
46,596
+4,804
+11% +$306K
PTC icon
425
PTC
PTC
$16B
$2.95M 0.03%
37,940
+9,201
+32% +$652K
15 16
17
18 19

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.