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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
AGCO icon
701
AGCO
AGCO
$7.06B
$1.25M 0.01%
22,597
+5,297
+31% +$276K
RYN icon
702
Rayonier
RYN
$6.52B
$1.25M 0.01%
55,603
+16,133
+41% +$351K
STRA icon
703
Strategic Education
STRA
$1.84B
$1.25M 0.01%
+8,100
New +$1.26M
TXRH icon
704
Texas Roadhouse
TXRH
$13.6B
$1.25M 0.01%
23,692
+5,592
+31% +$273K
SMTC icon
705
Semtech
SMTC
$12.2B
$1.24M 0.01%
23,687
+5,287
+29% +$247K
MRO
706
DELISTED
Marathon Oil Corporation
MRO
$1.24M 0.01%
201,821
-6,519
-3% -$36K
SR icon
707
Spire
SR
$4.79B
$1.23M 0.01%
18,656
+4,556
+32% +$325K
MAT icon
708
Mattel
MAT
$4.21B
$1.22M 0.01%
126,218
+30,057
+31% +$273K
NOV icon
709
NOV
NOV
$7.38B
$1.22M 0.01%
99,174
+10,796
+12% +$133K
IART icon
710
Integra LifeSciences
IART
$1.33B
$1.21M 0.01%
25,666
+5,866
+30% +$288K
MSM icon
711
MSC Industrial Direct
MSM
$6.87B
$1.2M 0.01%
16,488
+3,988
+32% +$257K
RLI icon
712
RLI Corp
RLI
$5.83B
$1.19M 0.01%
29,018
+7,018
+32% +$277K
SF
713
Stifel
SF
$12.7B
$1.18M 0.01%
56,185
+13,660
+32% +$274K
JHG
714
DELISTED
Janus Henderson
JHG
$1.18M 0.01%
55,900
+12,663
+29% +$244K
LEG icon
715
Leggett & Platt
LEG
$1.29B
$1.18M 0.01%
33,616
+3,439
+11% +$107K
NWSA icon
716
News Corp Class A
NWSA
$15.4B
$1.18M 0.01%
99,335
+10,296
+12% +$110K
KEX icon
717
Kirby Corp
KEX
$7B
$1.17M 0.01%
21,813
+5,213
+31% +$266K
IBKR icon
718
Interactive Brokers
IBKR
$41.1B
$1.17M 0.01%
111,736
+26,536
+31% +$277K
KBR icon
719
KBR
KBR
$4.83B
$1.17M 0.01%
51,768
+12,426
+32% +$270K
COHR
720
DELISTED
Coherent Inc
COHR
$1.15M 0.01%
8,783
+2,083
+31% +$273K
SIGI icon
721
Selective Insurance
SIGI
$5.66B
$1.15M 0.01%
21,719
+5,219
+32% +$264K
GBCI icon
722
Glacier Bancorp
GBCI
$6.35B
$1.14M 0.01%
+32,300
New +$1.2M
ACIW icon
723
ACI Worldwide
ACIW
$5.34B
$1.14M 0.01%
42,198
+10,148
+32% +$265K
NJR icon
724
New Jersey Resources
NJR
$5.45B
$1.14M 0.01%
34,849
+8,349
+32% +$277K
ALK icon
725
Alaska Air
ALK
$5.27B
$1.14M 0.01%
31,331
+3,135
+11% +$102K
27 28
29
30 31

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.