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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
BC icon
576
Brunswick
BC
$5.21B
$1.84M 0.02%
28,813
+6,213
+27% +$310K
ITT icon
577
ITT
ITT
$18.9B
$1.84M 0.02%
31,381
+7,081
+29% +$375K
DEI icon
578
Douglas Emmett
DEI
$1.93B
$1.84M 0.02%
60,015
+14,315
+31% +$429K
UHS icon
579
Universal Health Services
UHS
$10.5B
$1.84M 0.02%
19,810
+1,358
+7% +$136K
CDK
580
DELISTED
CDK Global, Inc.
CDK
$1.83M 0.02%
44,227
+10,527
+31% +$405K
LECO icon
581
Lincoln Electric
LECO
$15.1B
$1.82M 0.02%
21,613
+4,613
+27% +$365K
LNC icon
582
Lincoln National
LNC
$8.75B
$1.82M 0.02%
49,377
+3,896
+9% +$137K
HII icon
583
Huntington Ingalls Industries
HII
$13B
$1.81M 0.02%
10,379
+979
+10% +$182K
SNX icon
584
TD Synnex
SNX
$20.3B
$1.8M 0.02%
30,014
+7,406
+33% +$346K
COR
585
DELISTED
Coresite Realty Corporation
COR
$1.78M 0.02%
14,709
+4,209
+40% +$506K
FR icon
586
First Industrial Realty Trust
FR
$8.36B
$1.78M 0.02%
46,301
+11,001
+31% +$403K
OSK icon
587
Oshkosh
OSK
$9.59B
$1.77M 0.02%
24,776
+5,876
+31% +$401K
ACC
588
DELISTED
American Campus Communities, Inc.
ACC
$1.75M 0.02%
50,048
+11,948
+31% +$396K
CTRA
589
DELISTED
Coterra Energy
CTRA
$1.75M 0.02%
101,819
+8,287
+9% +$161K
HELE icon
590
Helen of Troy
HELE
$680M
$1.73M 0.02%
9,183
+2,183
+31% +$357K
PRI icon
591
Primerica
PRI
$9.65B
$1.73M 0.02%
14,803
+3,303
+29% +$351K
AFG icon
592
American Financial Group
AFG
$11.9B
$1.72M 0.02%
27,129
+6,439
+31% +$415K
FLG
593
Flagstar Bank National Association
FLG
$5.84B
$1.72M 0.02%
56,285
+13,062
+30% +$393K
IPG
594
DELISTED
Interpublic Group of Companies
IPG
$1.71M 0.02%
99,525
-1,546,304
-94% -$25.5M
CHDN icon
595
Churchill Downs
CHDN
$6.02B
$1.7M 0.01%
25,544
+5,860
+30% +$334K
ORI icon
596
Old Republic International
ORI
$10.3B
$1.7M 0.01%
103,970
+24,843
+31% +$392K
EGP icon
597
EastGroup Properties
EGP
$10.9B
$1.69M 0.01%
14,219
+3,519
+33% +$389K
FANG icon
598
Diamondback Energy
FANG
$55.7B
$1.68M 0.01%
40,262
+1,316
+3% +$53.7K
BJ icon
599
BJs Wholesale Club
BJ
$12.3B
$1.67M 0.01%
44,917
+11,117
+33% +$341K
AAL icon
600
American Airlines Group
AAL
$9.93B
$1.66M 0.01%
126,952
+37,596
+42% +$456K
22 23
24
25 26

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
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.