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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
SABR icon
826
Sabre
SABR
$835M
$808K 0.01%
100,301
+24,301
+32% +$172K
VYX icon
827
NCR Voyix
VYX
$1.12B
$806K 0.01%
75,844
+18,240
+32% +$209K
CADE
828
DELISTED
Cadence Bank
CADE
$804K 0.01%
35,344
+8,744
+33% +$185K
SXT icon
829
Sensient Technologies
SXT
$5.51B
$802K 0.01%
15,368
+3,598
+31% +$170K
TREE icon
830
LendingTree
TREE
$453M
$801K 0.01%
2,768
+568
+26% +$137K
UMBF icon
831
UMB Financial
UMBF
$11B
$794K 0.01%
15,398
+3,398
+28% +$167K
NGVT icon
832
Ingevity
NGVT
$2.62B
$789K 0.01%
15,003
+3,403
+29% +$162K
AN icon
833
AutoNation
AN
$6.92B
$786K 0.01%
20,919
+4,619
+28% +$167K
GATX icon
834
GATX Corp
GATX
$6.22B
$776K 0.01%
12,720
+3,030
+31% +$182K
ASB icon
835
Associated Banc-Corp
ASB
$5.91B
$765K 0.01%
55,931
+11,742
+27% +$160K
CBT icon
836
Cabot Corp
CBT
$4.46B
$760K 0.01%
20,509
+4,729
+30% +$158K
GT icon
837
Goodyear
GT
$1.74B
$758K 0.01%
84,713
+20,197
+31% +$153K
SYNA icon
838
Synaptics
SYNA
$4.16B
$748K 0.01%
12,435
+3,235
+35% +$203K
CIT
839
DELISTED
CIT Group Inc.
CIT
$743K 0.01%
35,844
+9,644
+37% +$186K
WAFD icon
840
WaFd
WAFD
$2.75B
$739K 0.01%
27,552
+5,829
+27% +$150K
VSH icon
841
Vishay Intertechnology
VSH
$5.16B
$736K 0.01%
48,226
+11,474
+31% +$179K
MUR icon
842
Murphy Oil
MUR
$5.09B
$734K 0.01%
53,195
+11,695
+28% +$134K
R icon
843
Ryder
R
$10B
$733K 0.01%
19,545
+4,745
+32% +$157K
WWE
844
DELISTED
World Wrestling Entertainment
WWE
$733K 0.01%
16,877
+3,677
+28% +$158K
TRN icon
845
Trinity Industries
TRN
$2.29B
$731K 0.01%
34,327
+7,133
+26% +$137K
FTI icon
846
TechnipFMC
FTI
$29.1B
$730K 0.01%
143,377
+13,950
+11% +$81.3K
CATY icon
847
Cathay General Bancorp
CATY
$4.22B
$724K 0.01%
27,539
+6,539
+31% +$167K
NUS icon
848
Nu Skin
NUS
$255M
$724K 0.01%
18,935
+3,535
+23% +$114K
XRX icon
849
Xerox
XRX
$429M
$714K 0.01%
46,720
+4,102
+10% +$70.8K
TDS icon
850
Telephone and Data Systems
TDS
$3.81B
$707K 0.01%
35,574
+8,438
+31% +$161K
32 33
34
35 36

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.