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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
PFG icon
451
Principal Financial Group
PFG
$24.3B
$2.7M 0.02%
65,043
+5,864
+10% +$214K
HRC
452
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$2.66M 0.02%
24,237
+5,687
+31% +$596K
WAB icon
453
Wabtec
WAB
$49.4B
$2.65M 0.02%
46,125
+3,856
+9% +$218K
EXEL icon
454
Exelixis
EXEL
$13B
$2.65M 0.02%
111,658
+27,358
+32% +$634K
CHE icon
455
Chemed
CHE
$7.23B
$2.63M 0.02%
5,820
+1,420
+32% +$634K
ATR icon
456
AptarGroup
ATR
$8.53B
$2.62M 0.02%
23,392
+5,692
+32% +$606K
CBOE icon
457
Cboe Global Markets
CBOE
$30.3B
$2.62M 0.02%
28,041
+2,641
+10% +$260K
CE icon
458
Celanese
CE
$4.81B
$2.61M 0.02%
30,237
+2,537
+9% +$211K
WEX icon
459
WEX
WEX
$6.37B
$2.61M 0.02%
15,793
+3,793
+32% +$521K
CNP icon
460
CenterPoint Energy
CNP
$26.4B
$2.6M 0.02%
139,099
+23,937
+21% +$412K
JBHT icon
461
JB Hunt Transport Services
JBHT
$25.1B
$2.59M 0.02%
21,530
+2,054
+11% +$221K
TTC icon
462
Toro Company
TTC
$9.38B
$2.59M 0.02%
38,996
+9,396
+32% +$617K
CXO
463
DELISTED
CONCHO RESOURCES INC.
CXO
$2.59M 0.02%
50,228
+4,096
+9% +$226K
BKR icon
464
Baker Hughes
BKR
$63.6B
$2.57M 0.02%
167,261
+18,260
+12% +$267K
XPO icon
465
XPO
XPO
$23.6B
$2.56M 0.02%
95,879
+21,859
+30% +$523K
Y
466
DELISTED
Alleghany Corp
Y
$2.56M 0.02%
5,231
+1,231
+31% +$637K
LUMN icon
467
Lumen
LUMN
$6.92B
$2.53M 0.02%
252,262
+27,386
+12% +$274K
SCI icon
468
Service Corp International
SCI
$11.4B
$2.52M 0.02%
64,830
+14,130
+28% +$543K
DRI icon
469
Darden Restaurants
DRI
$24.6B
$2.51M 0.02%
33,184
+5,031
+18% +$357K
AAP icon
470
Advance Auto Parts
AAP
$3.35B
$2.51M 0.02%
17,632
+1,764
+11% +$224K
SEDG icon
471
SolarEdge
SEDG
$2B
$2.51M 0.02%
18,072
+4,572
+34% +$559K
NTAP icon
472
NetApp
NTAP
$39.5B
$2.51M 0.02%
56,470
+4,179
+8% +$180K
SEIC icon
473
SEI Investments
SEIC
$12.6B
$2.48M 0.02%
45,201
+10,201
+29% +$533K
BIO icon
474
Bio-Rad Laboratories Class A
BIO
$9.42B
$2.48M 0.02%
5,500
-500
-8% -$221K
IR icon
475
Ingersoll Rand
IR
$33.6B
$2.48M 0.02%
88,293
+9,214
+12% +$260K
17 18
19
20 21

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.