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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
RGEN icon
526
Repligen
RGEN
$9.21B
$2.12M 0.02%
17,177
+4,177
+32% +$491K
VTRS icon
527
Viatris
VTRS
$18.9B
$2.12M 0.02%
132,038
+13,729
+12% +$223K
WSO icon
528
Watsco Inc
WSO
$13.4B
$2.12M 0.02%
11,941
+2,941
+33% +$487K
L icon
529
Loews
L
$23.2B
$2.12M 0.02%
61,851
+3,166
+5% +$107K
MGM icon
530
MGM Resorts International
MGM
$11B
$2.12M 0.02%
125,929
+7,929
+7% +$128K
PNW icon
531
Pinnacle West Capital
PNW
$12B
$2.1M 0.02%
28,728
+2,941
+11% +$222K
ALB icon
532
Albemarle
ALB
$15.5B
$2.1M 0.02%
27,185
+2,845
+12% +$193K
EG icon
533
Everest Group
EG
$14.1B
$2.1M 0.02%
10,179
-119,221
-92% -$23.2M
LAMR icon
534
Lamar Advertising Co
LAMR
$15.8B
$2.1M 0.02%
31,386
+7,586
+32% +$463K
SBNY
535
DELISTED
Signature Bank
SBNY
$2.09M 0.02%
19,545
+4,545
+30% +$447K
WRB icon
536
W.R. Berkley
WRB
$26.1B
$2.07M 0.02%
81,128
+6,131
+8% +$150K
WHR icon
537
Whirlpool
WHR
$2.74B
$2.05M 0.02%
15,855
+1,366
+9% +$156K
POST icon
538
Post Holdings
POST
$3.45B
$2.04M 0.02%
35,583
+7,315
+26% +$426K
LKQ icon
539
LKQ Corp
LKQ
$6.19B
$2.03M 0.02%
77,591
+7,339
+10% +$181K
NRG icon
540
NRG Energy
NRG
$25.2B
$2.03M 0.02%
62,336
+4,668
+8% +$154K
INGR icon
541
Ingredion
INGR
$6.54B
$2.02M 0.02%
24,382
+5,882
+32% +$481K
CASY icon
542
Casey's General Stores
CASY
$31.3B
$2.01M 0.02%
13,425
+3,225
+32% +$486K
OLLI icon
543
Ollie's Bargain Outlet
OLLI
$4.79B
$2.01M 0.02%
20,540
+5,340
+35% +$411K
PB icon
544
Prosperity Bancshares
PB
$8.82B
$2M 0.02%
33,754
+7,554
+29% +$436K
STLD icon
545
Steel Dynamics
STLD
$38.6B
$2M 0.02%
76,582
+16,782
+28% +$420K
DECK icon
546
Deckers Outdoor
DECK
$13.2B
$2M 0.02%
60,972
+14,772
+32% +$407K
REG icon
547
Regency Centers
REG
$14B
$1.99M 0.02%
43,312
+4,912
+13% +$208K
CCL icon
548
Carnival Corporation Ltd
CCL
$38.2B
$1.99M 0.02%
121,014
+29,254
+32% +$438K
ARW icon
549
Arrow Electronics
ARW
$10.4B
$1.97M 0.02%
28,675
+6,113
+27% +$386K
CACI icon
550
CACI
CACI
$14.3B
$1.97M 0.02%
9,083
+2,083
+30% +$498K
20 21
22
23 24

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.