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
PVH icon
801
PVH
PVH
$4B
$872K 0.01%
18,156
+1,160
+7% +$54.1K
EVR icon
802
Evercore
EVR
$11.4B
$867K 0.01%
14,714
+3,914
+36% +$213K
KMT icon
803
Kennametal
KMT
$2.43B
$866K 0.01%
30,167
+7,207
+31% +$184K
UNM icon
804
Unum
UNM
$14.4B
$862K 0.01%
51,960
+4,691
+10% +$74K
WBD icon
805
Warner Bros
WBD
$67.6B
$862K 0.01%
40,865
+4,616
+13% +$99.7K
HOMB icon
806
Home BancShares
HOMB
$6.16B
$859K 0.01%
55,868
+12,768
+30% +$179K
NSP icon
807
Insperity
NSP
$2B
$856K 0.01%
13,225
+2,725
+26% +$136K
ENOV icon
808
Enovis
ENOV
$1.44B
$854K 0.01%
17,780
+4,301
+32% +$190K
UMPQ
809
DELISTED
Umpqua Holdings Corp
UMPQ
$853K 0.01%
80,155
+19,055
+31% +$213K
LIVN icon
810
LivaNova
LIVN
$4.18B
$850K 0.01%
17,666
+4,266
+32% +$214K
UNVR
811
DELISTED
Univar Solutions Inc.
UNVR
$850K 0.01%
+50,400
New +$723K
PK icon
812
Park Hotels & Resorts
PK
$2.88B
$848K 0.01%
85,765
+19,365
+29% +$180K
TCO
813
DELISTED
Taubman Centers Inc.
TCO
$846K 0.01%
22,408
+5,408
+32% +$221K
BCO icon
814
Brink's
BCO
$4.56B
$836K 0.01%
18,361
+4,461
+32% +$203K
PACW
815
DELISTED
PacWest Bancorp
PACW
$836K 0.01%
42,432
+9,132
+27% +$169K
SAFM
816
DELISTED
Sanderson Farms Inc
SAFM
$835K 0.01%
7,209
+1,709
+31% +$220K
COLM icon
817
Columbia Sportswear
COLM
$2.91B
$834K 0.01%
10,356
+2,356
+29% +$172K
WRI
818
DELISTED
Weingarten Realty Investors
WRI
$830K 0.01%
43,827
+10,227
+30% +$179K
STL
819
DELISTED
Sterling Bancorp
STL
$829K 0.01%
70,746
+14,646
+26% +$168K
FHI icon
820
Federated Hermes
FHI
$4.73B
$828K 0.01%
34,949
+8,249
+31% +$183K
KSS icon
821
Kohl's
KSS
$2.19B
$825K 0.01%
39,728
+3,818
+11% +$73.6K
TDC icon
822
Teradata
TDC
$2.56B
$821K 0.01%
39,464
+8,264
+26% +$180K
CNO icon
823
CNO Financial Group
CNO
$5.12B
$814K 0.01%
52,279
+10,379
+25% +$143K
VSAT icon
824
Viasat
VSAT
$11.7B
$814K 0.01%
21,224
+5,224
+33% +$212K
ACHC icon
825
Acadia Healthcare
ACHC
$2.96B
$813K 0.01%
32,381
+7,781
+32% +$194K
31 32
33
34 35

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.