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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
TOL icon
676
Toll Brothers
TOL
$14B
$1.37M 0.01%
42,027
+8,527
+25% +$233K
CW icon
677
Curtiss-Wright
CW
$25.6B
$1.36M 0.01%
15,198
+3,298
+28% +$314K
FLIR
678
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.36M 0.01%
33,416
+2,631
+9% +$109K
CMA
679
DELISTED
Comerica
CMA
$1.35M 0.01%
35,501
+2,425
+7% +$84.6K
HOG icon
680
Harley-Davidson
HOG
$2.72B
$1.32M 0.01%
55,700
+20,323
+57% +$442K
SYNH
681
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$1.32M 0.01%
22,703
+5,503
+32% +$296K
EME icon
682
Emcor
EME
$35.7B
$1.32M 0.01%
19,935
+4,335
+28% +$272K
GMED icon
683
Globus Medical
GMED
$11.7B
$1.31M 0.01%
27,539
+6,139
+29% +$296K
CRUS icon
684
Cirrus Logic
CRUS
$6.11B
$1.31M 0.01%
21,224
+5,224
+33% +$357K
SEE
685
DELISTED
Sealed Air
SEE
$1.31M 0.01%
39,766
+4,318
+12% +$130K
SRC
686
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.3M 0.01%
37,423
+9,823
+36% +$297K
VVV icon
687
Valvoline
VVV
$4.3B
$1.3M 0.01%
67,332
+15,104
+29% +$256K
APA icon
688
APA Corp
APA
$14.4B
$1.3M 0.01%
96,396
+10,202
+12% +$116K
BKH icon
689
Black Hills Corp
BKH
$5.62B
$1.29M 0.01%
22,798
+5,708
+33% +$345K
ICUI icon
690
ICU Medical
ICUI
$4.56B
$1.29M 0.01%
7,009
+1,609
+30% +$320K
DOC
691
DELISTED
PHYSICIANS REALTY TRUST
DOC
$1.29M 0.01%
+73,767
New +$1.2M
RRX icon
692
Regal Rexnord
RRX
$11.5B
$1.28M 0.01%
14,703
+3,403
+30% +$255K
CRI icon
693
Carter's
CRI
$1.48B
$1.28M 0.01%
15,893
+3,593
+29% +$286K
UBSI icon
694
United Bankshares
UBSI
$6.58B
$1.28M 0.01%
46,295
+18,095
+64% +$486K
AMG icon
695
Affiliated Managers Group
AMG
$9.6B
$1.28M 0.01%
17,166
+3,466
+25% +$234K
JEF icon
696
Jefferies Financial Group
JEF
$12.8B
$1.28M 0.01%
85,993
+16,595
+24% +$222K
EFOR
697
Everforth Inc
EFOR
$1.33B
$1.28M 0.01%
19,145
+4,545
+31% +$241K
QLYS icon
698
Qualys
QLYS
$6.43B
$1.27M 0.01%
+12,200
New +$1.28M
JBGS
699
JBG SMITH
JBGS
$653M
$1.26M 0.01%
42,763
+10,038
+31% +$311K
PBCT
700
DELISTED
People's United Financial Inc
PBCT
$1.25M 0.01%
108,442
+6,667
+7% +$77.5K
26 27
28
29 30

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.