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
EPAM icon
51
EPAM Systems
EPAM
$5.03B
$53M 0.46%
210,500
– –
DIS icon
52
Walt Disney
DIS
$181B
$51.4M 0.45%
461,348
+48,157
+12% +$5.32M
NFLX icon
53
Netflix
NFLX
$309B
$51.1M 0.45%
1,123,070
+117,730
+12% +$5.01M
MO icon
54
Altria Group
MO
$114B
$49.5M 0.43%
1,260,624
-197,378
-14% -$7.7M
FTAI icon
55
FTAI Aviation
FTAI
$22.2B
$49.1M 0.43%
4,422,777
– –
ADP icon
56
Automatic Data Processing
ADP
$108B
$48.8M 0.43%
327,754
+10,573
+3% +$1.51M
XOM icon
57
ExxonMobil
XOM
$634B
$48.3M 0.42%
1,079,818
+109,886
+11% +$4.93M
VRTX icon
58
Vertex Pharmaceuticals
VRTX
$126B
$47.4M 0.42%
163,434
+20,466
+14% +$5.55M
BAC icon
59
Bank of America
BAC
$442B
$47.4M 0.42%
1,994,102
+138,267
+7% +$3.27M
PEP icon
60
PepsiCo
PEP
$190B
$46.9M 0.41%
354,398
+34,769
+11% +$4.58M
BKNG icon
61
Booking.com
BKNG
$161B
$46.8M 0.41%
735,100
+19,475
+3% +$1.19M
PFE icon
62
Pfizer
PFE
$153B
$46.4M 0.41%
1,495,238
-592,236
-28% -$20.1M
EXC icon
63
Exelon
EXC
$47B
$45.3M 0.4%
1,750,940
-3,468,421
-66% -$92.1M
DG icon
64
Dollar General
DG
$27.9B
$44.6M 0.39%
234,308
-44,034
-16% -$7.97M
KO icon
65
Coca-Cola
KO
$375B
$44.1M 0.39%
987,222
+103,284
+12% +$4.76M
WMT icon
66
Walmart Inc
WMT
$890B
$43.3M 0.38%
1,084,773
+109,371
+11% +$4.5M
CRM icon
67
Salesforce
CRM
$158B
$43.1M 0.38%
230,092
+26,736
+13% +$4.5M
FIS icon
68
Fidelity National Information Services
FIS
$22.1B
$42.6M 0.37%
317,833
+16,977
+6% +$2.23M
APD icon
69
Air Products & Chemicals
APD
$67.6B
$42.6M 0.37%
176,385
+5,883
+3% +$1.34M
CVX icon
70
Chevron
CVX
$366B
$42.5M 0.37%
476,777
+43,409
+10% +$3.89M
MAS icon
71
Masco
MAS
$15.3B
$41.6M 0.36%
828,554
-193,050
-19% -$8.37M
XLF icon
72
State Street Financial Select Sector SPDR ETF
XLF
$58.8B
$41.6M 0.36%
1,796,917
+296,917
+20% +$6.74M
ABT icon
73
Abbott
ABT
$187B
$41.3M 0.36%
451,719
+46,576
+11% +$4.21M
AMD icon
74
Advanced Micro Devices
AMD
$789B
$40.5M 0.35%
769,088
-29,012
-4% -$1.54M
CBRE icon
75
CBRE Group
CBRE
$42.9B
$40.4M 0.35%
894,457
+817,725
+1,066% +$35.3M
1 2
3
4 5

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.