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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
SGI
726
Somnigroup International
SGI
$13.6B
$1.14M 0.01%
63,128
+12,728
+25% +$183K
FHN icon
727
First Horizon
FHN
$12B
$1.13M 0.01%
113,504
+27,221
+32% +$247K
MUSA icon
728
Murphy USA
MUSA
$10.2B
$1.12M 0.01%
9,987
+1,962
+24% +$215K
MZTI
729
The Marzetti Company
MZTI
$3.13B
$1.12M 0.01%
7,229
+1,709
+31% +$249K
CLH icon
730
Clean Harbors
CLH
$16.4B
$1.12M 0.01%
18,656
+4,456
+31% +$248K
TKR icon
731
Timken Company
TKR
$8.77B
$1.12M 0.01%
24,576
+5,776
+31% +$228K
AAN.A
732
DELISTED
The Aaron's Company Inc Class A
AAN.A
$1.12M 0.01%
24,587
+5,887
+31% +$267K
MOS icon
733
The Mosaic Company
MOS
$7.46B
$1.11M 0.01%
89,098
+8,916
+11% +$107K
VLY icon
734
Valley National Bancorp
VLY
$8.1B
$1.11M 0.01%
142,553
+33,939
+31% +$261K
TXNM
735
TXNM Energy Inc
TXNM
$5.91B
$1.11M 0.01%
28,957
+6,823
+31% +$273K
DINO icon
736
HF Sinclair
DINO
$15.2B
$1.11M 0.01%
38,020
+4,020
+12% +$119K
DVN icon
737
Devon Energy
DVN
$49.9B
$1.11M 0.01%
97,759
+9,096
+10% +$104K
EQT icon
738
EQT Corp
EQT
$33.8B
$1.11M 0.01%
93,061
+22,091
+31% +$289K
FL
739
DELISTED
Foot Locker
FL
$1.11M 0.01%
37,924
+8,196
+28% +$216K
SNV
740
DELISTED
Synovus
SNV
$1.1M 0.01%
53,605
+13,000
+32% +$251K
ENR icon
741
Energizer
ENR
$1.5B
$1.1M 0.01%
23,136
+5,292
+30% +$216K
NBL
742
DELISTED
Noble Energy, Inc.
NBL
$1.1M 0.01%
122,511
+12,850
+12% +$115K
SFM icon
743
Sprouts Farmers Market
SFM
$7.96B
$1.1M 0.01%
42,843
+10,043
+31% +$230K
VAC icon
744
Marriott Vacations Worldwide
VAC
$3.89B
$1.09M 0.01%
13,325
+2,925
+28% +$238K
FOX icon
745
Fox Class B
FOX
$23.6B
$1.09M 0.01%
40,701
+3,416
+9% +$90.8K
PNFP icon
746
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.09M 0.01%
25,960
+5,960
+30% +$236K
SBRA icon
747
Sabra Healthcare REIT
SBRA
$5.28B
$1.08M 0.01%
74,824
+17,924
+32% +$236K
NCLH icon
748
Norwegian Cruise Line
NCLH
$8.52B
$1.08M 0.01%
65,468
+16,668
+34% +$244K
JBLU icon
749
JetBlue
JBLU
$2.13B
$1.07M 0.01%
98,150
+18,127
+23% +$179K
DXC icon
750
DXC Technology
DXC
$1.74B
$1.07M 0.01%
64,766
+6,066
+10% +$96.5K
28 29
30
31 32

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.