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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
SKX
626
DELISTED
Skechers
SKX
$1.55M 0.01%
49,564
+12,464
+34% +$357K
HWM icon
627
Howmet Aerospace
HWM
$113B
$1.55M 0.01%
98,032
-17,808
-15% -$234K
TTEK icon
628
Tetra Tech
TTEK
$8.97B
$1.55M 0.01%
98,225
+22,225
+29% +$338K
CFR icon
629
Cullen/Frost Bankers
CFR
$10.3B
$1.55M 0.01%
20,729
+4,929
+31% +$343K
FCN icon
630
FTI Consulting
FCN
$4.17B
$1.55M 0.01%
13,525
+3,025
+29% +$366K
NWL icon
631
Newell Brands
NWL
$2.51B
$1.55M 0.01%
97,471
+10,100
+12% +$139K
RHI icon
632
Robert Half
RHI
$4.37B
$1.55M 0.01%
29,299
-739,661
-96% -$35.1M
MHK icon
633
Mohawk Industries
MHK
$9.19B
$1.55M 0.01%
15,204
+1,568
+11% +$138K
VNO icon
634
Vornado Realty Trust
VNO
$7.26B
$1.55M 0.01%
40,468
+4,118
+11% +$160K
CF icon
635
CF Industries
CF
$18.4B
$1.54M 0.01%
54,612
+4,687
+9% +$133K
FRT icon
636
Federal Realty Investment Trust
FRT
$10.2B
$1.53M 0.01%
17,978
+1,862
+12% +$150K
ROL icon
637
Rollins
ROL
$17.9B
$1.53M 0.01%
54,050
+5,738
+12% +$154K
HQY icon
638
HealthEquity
HQY
$8.93B
$1.52M 0.01%
25,966
+6,266
+32% +$346K
ASH icon
639
Ashland
ASH
$3.45B
$1.52M 0.01%
21,972
+5,219
+31% +$324K
LM
640
DELISTED
Legg Mason, Inc.
LM
$1.51M 0.01%
30,413
+7,813
+35% +$388K
LOGM
641
DELISTED
LogMein, Inc.
LOGM
$1.51M 0.01%
17,774
+4,172
+31% +$354K
COHR icon
642
Coherent
COHR
$63.6B
$1.51M 0.01%
31,886
-642,314
-95% -$25.5M
NKTR icon
643
Nektar Therapeutics
NKTR
$2.53B
$1.5M 0.01%
4,318
+1,065
+33% +$332K
LFUS icon
644
Littelfuse
LFUS
$11.6B
$1.5M 0.01%
8,788
+1,988
+29% +$302K
RH icon
645
RH
RH
$3.47B
$1.5M 0.01%
6,020
+1,520
+34% +$275K
FFIN icon
646
First Financial Bankshares
FFIN
$4.93B
$1.49M 0.01%
51,658
+13,958
+37% +$392K
MSA icon
647
Mine Safety
MSA
$7.45B
$1.49M 0.01%
13,030
+3,130
+32% +$348K
BEN icon
648
Franklin Resources
BEN
$17B
$1.49M 0.01%
70,814
+6,854
+11% +$129K
OGS icon
649
ONE Gas
OGS
$4.96B
$1.48M 0.01%
19,207
+4,550
+31% +$368K
CCMP
650
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$1.47M 0.01%
10,562
+2,462
+30% +$319K
24 25
26
27 28

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.