We are live on ! Find out more
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
DAR icon
651
Darling Ingredients
DAR
$9.99B
$1.47M 0.01%
59,731
+14,131
+31% +$308K
ESNT icon
652
Essent Group
ESNT
$6.23B
$1.46M 0.01%
+40,300
New +$1.24M
IPGP icon
653
IPG Photonics
IPGP
$3.61B
$1.46M 0.01%
9,083
+883
+11% +$126K
MAN icon
654
ManpowerGroup
MAN
$2.63B
$1.45M 0.01%
21,149
+4,819
+30% +$329K
WH icon
655
Wyndham Hotels & Resorts
WH
$5.29B
$1.44M 0.01%
33,886
+7,449
+28% +$304K
HR
656
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.44M 0.01%
49,064
+11,964
+32% +$358K
PENN icon
657
PENN Entertainment
PENN
$2.53B
$1.44M 0.01%
47,006
+16,706
+55% +$383K
HE icon
658
Hawaiian Electric Industries
HE
$2.02B
$1.43M 0.01%
39,725
+9,485
+31% +$368K
AIV
659
Aimco
AIV
$377M
$1.43M 0.01%
285,056
+28,699
+11% +$142K
ZION icon
660
Zions Bancorporation
ZION
$10.3B
$1.42M 0.01%
41,816
+2,710
+7% +$85.8K
KIM icon
661
Kimco Realty
KIM
$16.2B
$1.42M 0.01%
110,417
+13,579
+14% +$151K
WEN icon
662
Wendy's
WEN
$1.39B
$1.41M 0.01%
64,868
+13,825
+27% +$275K
HIW icon
663
Highwoods Properties
HIW
$3.41B
$1.41M 0.01%
37,801
+9,101
+32% +$339K
ENPH icon
664
Enphase Energy
ENPH
$5.41B
$1.41M 0.01%
+29,618
New +$1.42M
THG icon
665
Hanover Insurance
THG
$7.86B
$1.4M 0.01%
13,859
+3,009
+28% +$295K
HPP
666
Hudson Pacific Properties
HPP
$740M
$1.4M 0.01%
+7,966
New +$1.36M
SAIC icon
667
Saic
SAIC
$5.3B
$1.4M 0.01%
17,957
+4,272
+31% +$350K
SWX icon
668
Southwest Gas
SWX
$6.56B
$1.38M 0.01%
20,045
+4,845
+32% +$352K
BRX icon
669
Brixmor Property Group
BRX
$9.15B
$1.38M 0.01%
107,884
+25,284
+31% +$286K
AYI icon
670
Acuity Brands
AYI
$10.6B
$1.38M 0.01%
14,414
+3,414
+31% +$300K
PWR icon
671
Quanta Services
PWR
$99.4B
$1.38M 0.01%
35,183
+2,527
+8% +$90.1K
NFG icon
672
National Fuel Gas
NFG
$7.78B
$1.38M 0.01%
32,866
+8,986
+38% +$367K
BLD
673
DELISTED
TopBuild
BLD
$1.38M 0.01%
+12,100
New +$1.21M
HXL icon
674
Hexcel
HXL
$7.63B
$1.38M 0.01%
+30,400
New +$1.08M
FSLR icon
675
First Solar
FSLR
$25.7B
$1.37M 0.01%
27,739
+6,739
+32% +$301K
25 26
27
28 29

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.