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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
JWN
876
DELISTED
Nordstrom
JWN
$610K 0.01%
39,400
+14,908
+61% +$263K
BYD icon
877
Boyd Gaming
BYD
$6.06B
$609K 0.01%
29,118
+6,918
+31% +$126K
CMP icon
878
Compass Minerals
CMP
$1.15B
$602K 0.01%
12,341
+2,941
+31% +$136K
CVLT icon
879
Commault Systems
CVLT
$5.61B
$600K 0.01%
15,503
+3,803
+33% +$151K
CMD
880
DELISTED
Cantel Medical Corporation
CMD
$598K 0.01%
13,525
+3,125
+30% +$117K
WKC icon
881
World Kinect Corp
WKC
$1.86B
$595K 0.01%
23,087
+4,987
+28% +$123K
NTCT icon
882
NETSCOUT
NTCT
$2.79B
$590K 0.01%
23,087
+4,787
+26% +$124K
CNX icon
883
CNX Resources
CNX
$5.2B
$589K 0.01%
68,088
+16,788
+33% +$169K
CVSA
884
Covista Inc
CVSA
$4.8B
$587K 0.01%
18,845
+3,845
+26% +$120K
MTX icon
885
Minerals Technologies
MTX
$2.34B
$583K 0.01%
12,415
+2,735
+28% +$120K
X
886
DELISTED
US Steel
X
$579K 0.01%
80,189
+33,089
+70% +$258K
TCBI icon
887
Texas Capital Bancshares
TCBI
$4.32B
$567K 0.01%
18,361
+4,361
+31% +$122K
TRMK icon
888
Trustmark
TRMK
$2.75B
$566K 0.01%
23,092
+5,292
+30% +$127K
YELP icon
889
Yelp
YELP
$1.41B
$550K ﹤0.01%
23,797
+6,097
+34% +$133K
SIX
890
DELISTED
Six Flags Entertainment Corp.
SIX
$550K ﹤0.01%
28,629
+6,829
+31% +$136K
GHC icon
891
Graham Holdings Company
GHC
$5.02B
$543K ﹤0.01%
1,584
+284
+22% +$99.8K
MD icon
892
Pediatrix Medical
MD
$2.2B
$532K ﹤0.01%
31,102
+7,702
+33% +$114K
ADNT icon
893
Adient
ADNT
$1.5B
$522K ﹤0.01%
31,786
+7,686
+32% +$117K
AM icon
894
Antero Midstream
AM
$10.1B
$522K ﹤0.01%
102,290
+19,890
+24% +$88K
SBH icon
895
Sally Beauty Holdings
SBH
$1.58B
$514K ﹤0.01%
41,043
+8,843
+27% +$96.8K
OI icon
896
O-I Glass
OI
$1.08B
$512K ﹤0.01%
57,031
+14,431
+34% +$112K
AVNS
897
DELISTED
Avanos Medical
AVNS
$511K ﹤0.01%
17,376
+4,356
+33% +$126K
MLKN icon
898
MillerKnoll
MLKN
$1.67B
$504K ﹤0.01%
21,349
+5,019
+31% +$113K
VRE
899
DELISTED
Veris Residential
VRE
$504K ﹤0.01%
32,970
+7,870
+31% +$122K
WOR icon
900
Worthington Enterprises
WOR
$2.86B
$496K ﹤0.01%
21,577
+4,906
+29% +$87.5K
34 35
36
37 38

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.