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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
NATI
601
DELISTED
National Instruments Corp
NATI
$1.66M 0.01%
42,813
+10,138
+31% +$383K
TAP icon
602
Molson Coors Class B
TAP
$7.93B
$1.65M 0.01%
47,999
+5,000
+12% +$200K
HAE icon
603
Haemonetics
HAE
$3.94B
$1.64M 0.01%
18,356
+4,356
+31% +$440K
TCF
604
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.63M 0.01%
55,346
+12,773
+30% +$352K
AOS icon
605
A.O. Smith
AOS
$8.48B
$1.63M 0.01%
34,527
+3,127
+10% +$137K
KMPR icon
606
Kemper
KMPR
$1.55B
$1.62M 0.01%
22,353
+5,003
+29% +$335K
LSI
607
DELISTED
Life Storage, Inc.
LSI
$1.62M 0.01%
25,616
+6,266
+32% +$389K
MDU icon
608
MDU Resources
MDU
$4.29B
$1.62M 0.01%
192,003
+45,881
+31% +$381K
CUZ icon
609
Cousins Properties
CUZ
$4.83B
$1.61M 0.01%
54,025
+13,305
+33% +$399K
LYV icon
610
Live Nation Entertainment
LYV
$43B
$1.61M 0.01%
36,327
+4,027
+12% +$177K
PNR icon
611
Pentair
PNR
$10.7B
$1.61M 0.01%
42,314
+3,712
+10% +$131K
IDA icon
612
Idacorp
IDA
$8.08B
$1.6M 0.01%
18,341
+4,361
+31% +$394K
JBL icon
613
Jabil
JBL
$35.3B
$1.6M 0.01%
49,942
+11,342
+29% +$326K
EV
614
DELISTED
Eaton Vance Corp.
EV
$1.6M 0.01%
41,464
+10,064
+32% +$366K
WWD icon
615
Woodward
WWD
$21B
$1.6M 0.01%
20,629
+5,029
+32% +$329K
ARWR icon
616
Arrowhead Research
ARWR
$12.5B
$1.6M 0.01%
37,028
+9,228
+33% +$326K
MIDD icon
617
Middleby
MIDD
$5.89B
$1.59M 0.01%
+20,200
New +$1.31M
SLAB icon
618
Silicon Laboratories
SLAB
$7.2B
$1.59M 0.01%
15,898
+3,798
+31% +$355K
MRCY icon
619
Mercury Systems
MRCY
$6.52B
$1.59M 0.01%
20,235
+4,835
+31% +$396K
LSTR icon
620
Landstar System
LSTR
$6.05B
$1.57M 0.01%
14,009
+3,109
+29% +$332K
AIZ icon
621
Assurant
AIZ
$14.2B
$1.57M 0.01%
15,223
+1,366
+10% +$141K
MMS icon
622
Maximus
MMS
$2.9B
$1.57M 0.01%
22,292
-440,208
-95% -$29.6M
FLO icon
623
Flowers Foods
FLO
$1.51B
$1.57M 0.01%
70,033
+16,683
+31% +$376K
DISCK
624
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$1.56M 0.01%
80,771
+3,825
+5% +$74.9K
LOPE icon
625
Grand Canyon Education
LOPE
$3.82B
$1.55M 0.01%
17,172
+3,772
+28% +$336K
23 24
25
26 27

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.