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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
DNKN
551
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.95M 0.02%
29,907
+6,907
+30% +$430K
FAF icon
552
First American
FAF
$7.37B
$1.95M 0.02%
40,570
+9,370
+30% +$442K
CLGX
553
DELISTED
Corelogic, Inc.
CLGX
$1.94M 0.02%
28,923
+6,823
+31% +$303K
HST icon
554
Host Hotels & Resorts
HST
$15.5B
$1.94M 0.02%
180,025
+15,625
+10% +$179K
JLL icon
555
Jones Lang LaSalle
JLL
$16.4B
$1.94M 0.02%
18,756
+4,456
+31% +$459K
PII icon
556
Polaris
PII
$3.97B
$1.94M 0.02%
20,924
+5,024
+32% +$383K
RGA icon
557
Reinsurance Group of America
RGA
$15.8B
$1.94M 0.02%
24,697
+7,397
+43% +$683K
JNPR
558
DELISTED
Juniper Networks
JNPR
$1.93M 0.02%
84,623
+7,827
+10% +$180K
SMG icon
559
ScottsMiracle-Gro
SMG
$3.63B
$1.93M 0.02%
14,384
+3,409
+31% +$440K
STOR
560
DELISTED
STORE Capital Corporation
STOR
$1.93M 0.02%
+80,987
New +$1.62M
PRGO icon
561
Perrigo
PRGO
$1.75B
$1.93M 0.02%
34,851
+3,629
+12% +$191K
SNA icon
562
Snap-on
SNA
$21.3B
$1.93M 0.02%
13,905
+1,370
+11% +$174K
IRM icon
563
Iron Mountain
IRM
$36.2B
$1.92M 0.02%
73,496
+7,650
+12% +$193K
PCTY icon
564
Paylocity
PCTY
$7.73B
$1.92M 0.02%
+13,125
New +$1.53M
TXT icon
565
Textron
TXT
$15.3B
$1.91M 0.02%
58,118
+5,781
+11% +$171K
SON icon
566
Sonoco
SON
$5.72B
$1.91M 0.02%
36,534
+8,823
+32% +$437K
SAM icon
567
Boston Beer
SAM
$1.86B
$1.91M 0.02%
3,552
+1,052
+42% +$509K
LHCG
568
DELISTED
LHC Group LLC
LHCG
$1.89M 0.02%
+10,856
New +$1.59M
BWA icon
569
BorgWarner
BWA
$14.1B
$1.87M 0.02%
60,193
+6,465
+12% +$170K
WRK
570
DELISTED
WestRock Company
WRK
$1.87M 0.02%
66,166
+7,064
+12% +$201K
EWBC icon
571
East-West Bancorp
EWBC
$18.1B
$1.87M 0.02%
51,511
+11,111
+28% +$371K
SRCL
572
DELISTED
Stericycle Inc
SRCL
$1.86M 0.02%
33,246
+7,965
+32% +$415K
GL icon
573
Globe Life
GL
$14.2B
$1.86M 0.02%
25,058
+2,248
+10% +$171K
KNX icon
574
Knight Transportation
KNX
$11.2B
$1.86M 0.02%
44,517
+10,417
+31% +$397K
WYNN icon
575
Wynn Resorts
WYNN
$10.6B
$1.85M 0.02%
24,820
+2,650
+12% +$212K
21 22
23
24 25

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
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
IC
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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.