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
UE icon
901
Urban Edge Properties
UE
$2.73B
$478K ﹤0.01%
40,254
+8,254
+26% +$82.8K
HNI icon
902
HNI Corp
HNI
$3.59B
$475K ﹤0.01%
15,528
+3,788
+32% +$96.5K
DY icon
903
Dycom Industries
DY
$12.3B
$472K ﹤0.01%
11,541
+2,941
+34% +$102K
ATI icon
904
ATI
ATI
$31B
$470K ﹤0.01%
46,101
+11,101
+32% +$96.2K
UAA icon
905
Under Armour
UAA
$2.6B
$469K ﹤0.01%
48,158
+5,002
+12% +$47.5K
BDC icon
906
Belden
BDC
$5.19B
$453K ﹤0.01%
13,914
+3,214
+30% +$107K
CNK icon
907
Cinemark Holdings
CNK
$4.32B
$450K ﹤0.01%
38,996
+9,396
+32% +$127K
CAR icon
908
Avis
CAR
$5.02B
$447K ﹤0.01%
19,524
+3,824
+24% +$70.2K
DLPH
909
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$446K ﹤0.01%
31,386
+7,586
+32% +$85.1K
NAVI icon
910
Navient
NAVI
$853M
$437K ﹤0.01%
62,094
+14,894
+32% +$111K
TEX icon
911
Terex
TEX
$7.74B
$435K ﹤0.01%
23,187
+4,987
+27% +$79.4K
WW
912
DELISTED
WW International
WW
$431K ﹤0.01%
16,982
+4,082
+32% +$95.2K
SVC
913
Service Properties Trust
SVC
$1.07B
$425K ﹤0.01%
11,983
+2,863
+31% +$99.7K
UFS
914
DELISTED
DOMTAR CORPORATION (New)
UFS
$425K ﹤0.01%
20,129
+4,229
+27% +$91.8K
GNW icon
915
Genworth Financial
GNW
$3.71B
$423K ﹤0.01%
183,209
+43,609
+31% +$137K
CRS icon
916
Carpenter Technology
CRS
$28.4B
$422K ﹤0.01%
17,372
+4,172
+32% +$92.6K
MCY icon
917
Mercury Insurance
MCY
$6.07B
$402K ﹤0.01%
9,867
+2,367
+32% +$95K
UA icon
918
Under Armour Class C
UA
$2.53B
$394K ﹤0.01%
44,599
– –
URBN icon
919
Urban Outfitters
URBN
$6.59B
$391K ﹤0.01%
25,666
+6,066
+31% +$104K
RIG icon
920
Transocean
RIG
$5.82B
$385K ﹤0.01%
210,270
+50,770
+32% +$78.9K
MAC icon
921
Macerich
MAC
$6.92B
$380K ﹤0.01%
42,349
+11,849
+39% +$91.8K
PBF icon
922
PBF Energy
PBF
$7.31B
$380K ﹤0.01%
37,117
+8,817
+31% +$88.1K
ICPT
923
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$348K ﹤0.01%
7,261
– –
AMCX icon
924
AMC Global Media
AMCX
$489M
$345K ﹤0.01%
14,743
+2,493
+20% +$65.3K
COTY icon
925
Coty
COTY
$2.48B
$335K ﹤0.01%
75,035
+7,246
+11% +$35.1K
35 36
37
38 39

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.