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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
HRB icon
851
H&R Block
HRB
$5.86B
$702K 0.01%
49,194
-1,246,304
-96% -$19.7M
TRIP icon
852
TripAdvisor
TRIP
$1.26B
$698K 0.01%
36,701
+7,601
+26% +$145K
TPH
853
DELISTED
Tri Pointe Homes
TPH
$697K 0.01%
47,437
+8,837
+23% +$108K
BFH icon
854
Bread Financial
BFH
$4.38B
$696K 0.01%
19,321
+7,539
+64% +$268K
VC icon
855
Visteon
VC
$2.78B
$696K 0.01%
10,162
+2,462
+32% +$155K
PDCO
856
DELISTED
Patterson Companies, Inc.
PDCO
$691K 0.01%
31,391
+7,491
+31% +$131K
THC icon
857
Tenet Healthcare
THC
$21.1B
$690K 0.01%
38,107
+9,307
+32% +$183K
PBH icon
858
Prestige Consumer Healthcare
PBH
$2.6B
$686K 0.01%
18,266
+4,266
+30% +$171K
GAP
859
The Gap Inc
GAP
$7.37B
$682K 0.01%
54,033
+5,287
+11% +$47.6K
HWC icon
860
Hancock Whitney
HWC
$6.24B
$665K 0.01%
31,386
+7,186
+30% +$148K
HCSG icon
861
Healthcare Services Group
HCSG
$1.53B
$661K 0.01%
27,044
+6,544
+32% +$155K
LGND icon
862
Ligand Pharmaceuticals
LGND
$6.36B
$651K 0.01%
9,329
+1,955
+27% +$124K
PEB icon
863
Pebblebrook Hotel Trust
PEB
$2.05B
$651K 0.01%
47,635
+11,379
+31% +$141K
IBOC icon
864
International Bancshares
IBOC
$4.57B
$648K 0.01%
20,229
+4,329
+27% +$125K
OPLN
865
Openlane
OPLN
$4.54B
$647K 0.01%
46,990
-1,453,710
-97% -$20M
PZZA icon
866
Papa John's
PZZA
$806M
$643K 0.01%
8,094
+1,994
+33% +$148K
DAN icon
867
Dana Inc
DAN
$3.06B
$641K 0.01%
52,621
+12,621
+32% +$137K
IDCC icon
868
InterDigital
IDCC
$8.89B
$631K 0.01%
11,146
+2,646
+31% +$141K
CHX
869
DELISTED
ChampionX
CHX
$628K 0.01%
64,365
+42,834
+199% +$393K
FULT icon
870
Fulton Financial
FULT
$4.64B
$620K 0.01%
58,920
+13,420
+29% +$146K
WLY icon
871
John Wiley & Sons Class A
WLY
$2.66B
$620K 0.01%
15,893
+3,693
+30% +$141K
AEO icon
872
American Eagle Outfitters
AEO
$3.01B
$617K 0.01%
56,622
+12,547
+28% +$119K
EPC icon
873
Edgewell Personal Care
EPC
$1.31B
$616K 0.01%
19,779
+4,935
+33% +$138K
FLR icon
874
Fluor
FLR
$7.96B
$616K 0.01%
50,985
+12,132
+31% +$127K
JACK icon
875
Jack in the Box
JACK
$335M
$614K 0.01%
8,288
+1,688
+26% +$104K
33 34
35
36 37

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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

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.