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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
NEU icon
751
NewMarket
NEU
$8.34B
$1.07M 0.01%
2,668
+568
+27% +$234K
NVT icon
752
nVent Electric
NVT
$26.6B
$1.06M 0.01%
56,865
+13,663
+32% +$249K
CXT icon
753
Crane NXT
CXT
$2.97B
$1.06M 0.01%
51,500
+10,814
+27% +$202K
EXP icon
754
Eagle Materials
EXP
$6.43B
$1.06M 0.01%
15,103
+3,503
+30% +$220K
LPX icon
755
Louisiana-Pacific
LPX
$5.21B
$1.05M 0.01%
40,842
+8,243
+25% +$174K
ZD icon
756
Ziff Davis
ZD
$2B
$1.04M 0.01%
18,949
+4,229
+29% +$276K
NUVA
757
DELISTED
NuVasive, Inc.
NUVA
$1.04M 0.01%
18,650
+4,250
+30% +$246K
CDP icon
758
COPT Defense Properties
CDP
$4.14B
$1.04M 0.01%
40,870
+9,770
+31% +$244K
IVZ icon
759
Invesco
IVZ
$14.1B
$1.03M 0.01%
96,061
+10,706
+13% +$96K
OZK icon
760
Bank OZK
OZK
$5.61B
$1.03M 0.01%
44,027
+10,427
+31% +$224K
BLKB icon
761
Blackbaud
BLKB
$2.09B
$1.03M 0.01%
18,072
+4,372
+32% +$240K
ALE
762
DELISTED
Allete
ALE
$1.03M 0.01%
18,850
+4,550
+32% +$258K
XEC
763
DELISTED
CIMAREX ENERGY CO
XEC
$1.02M 0.01%
37,192
+9,012
+32% +$224K
FCFS icon
764
FirstCash
FCFS
$9.1B
$1.02M 0.01%
15,098
+3,198
+27% +$225K
RAMP icon
765
LiveRamp
RAMP
$2.3B
$1.01M 0.01%
23,782
+4,982
+27% +$196K
HBI
766
DELISTED
Hanesbrands
HBI
$1M 0.01%
88,902
+6,010
+7% +$60.1K
AVT icon
767
Avnet
AVT
$8.07B
$1M 0.01%
35,963
+7,923
+28% +$220K
NWE icon
768
NorthWestern Energy
NWE
$4.38B
$1M 0.01%
18,361
+4,361
+31% +$253K
ENS icon
769
EnerSys
ENS
$6.86B
$998K 0.01%
15,498
+3,798
+32% +$224K
DKS icon
770
Dick's Sporting Goods
DKS
$19B
$978K 0.01%
23,697
+6,097
+35% +$194K
KBH icon
771
KB Home
KBH
$3.46B
$972K 0.01%
31,697
+7,897
+33% +$217K
PSB
772
DELISTED
PS Business Parks, Inc.
PSB
$968K 0.01%
7,309
+1,709
+31% +$219K
SLG icon
773
SL Green Realty
SLG
$3.91B
$964K 0.01%
20,212
+886
+5% +$40.7K
SLM icon
774
SLM Corp
SLM
$5.14B
$960K 0.01%
136,521
+19,396
+17% +$145K
CBRL icon
775
Cracker Barrel
CBRL
$1.25B
$952K 0.01%
8,588
+1,888
+28% +$187K
29 30
31
32 33

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 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.