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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
MTZ icon
776
MasTec
MTZ
$21.7B
$952K 0.01%
21,213
+4,513
+27% +$171K
BHF icon
777
Brighthouse Financial
BHF
$3.47B
$950K 0.01%
34,165
+3,785
+12% +$104K
WPX
778
DELISTED
WPX Energy, Inc.
WPX
$948K 0.01%
148,628
+33,228
+29% +$187K
FLS icon
779
Flowserve
FLS
$10.1B
$947K 0.01%
33,206
+3,231
+11% +$86.2K
GO icon
780
Grocery Outlet
GO
$968M
$942K 0.01%
+23,100
New +$827K
WBS icon
781
Webster Financial
WBS
$12.8B
$939K 0.01%
32,810
+7,360
+29% +$195K
EPR icon
782
EPR Properties
EPR
$4.64B
$935K 0.01%
28,229
+6,429
+29% +$191K
TPR icon
783
Tapestry
TPR
$32.8B
$930K 0.01%
70,003
+6,756
+11% +$95.9K
PCH
784
DELISTED
PotlatchDeltic
PCH
$928K 0.01%
24,393
+5,682
+30% +$192K
CC icon
785
Chemours
CC
$2.21B
$917K 0.01%
59,720
+14,420
+32% +$182K
SLGN icon
786
Silgan Holdings
SLGN
$4.31B
$917K 0.01%
28,296
+6,734
+31% +$219K
WTFC icon
787
Wintrust Financial
WTFC
$10.7B
$913K 0.01%
20,929
+5,129
+32% +$205K
TMHC
788
DELISTED
Taylor Morrison
TMHC
$910K 0.01%
47,179
+10,379
+28% +$164K
WERN icon
789
Werner Enterprises
WERN
$2.22B
$908K 0.01%
20,863
+8,588
+70% +$354K
CHH icon
790
Choice Hotels
CHH
$4.62B
$903K 0.01%
11,446
+2,646
+30% +$202K
HAIN icon
791
Hain Celestial
HAIN
$53.7M
$902K 0.01%
28,613
+6,413
+29% +$185K
THS
792
DELISTED
Treehouse Foods
THS
$899K 0.01%
20,535
+4,935
+32% +$241K
BOH icon
793
Bank of Hawaii
BOH
$3.1B
$897K 0.01%
14,599
+3,409
+30% +$211K
RL icon
794
Ralph Lauren
RL
$24.2B
$886K 0.01%
12,216
+775
+7% +$57K
TGNA
795
DELISTED
TEGNA Inc
TGNA
$886K 0.01%
79,566
-2,609,234
-97% -$29M
VMI icon
796
Valmont Industries
VMI
$9.52B
$886K 0.01%
7,794
+1,894
+32% +$210K
CMC icon
797
Commercial Metals
CMC
$8.14B
$884K 0.01%
43,338
+10,438
+32% +$179K
BBWI icon
798
Bath & Body Works
BBWI
$3.92B
$882K 0.01%
72,888
+7,025
+11% +$78.3K
FNB icon
799
FNB Corp
FNB
$6.74B
$882K 0.01%
117,557
+27,457
+30% +$207K
TNL icon
800
Travel + Leisure Co
TNL
$4.5B
$874K 0.01%
31,013
+5,776
+23% +$156K
30 31
32
33 34

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.