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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
NWS icon
926
News Corp Class B
NWS
$17.6B
$334K ﹤0.01%
27,944
– –
GEF icon
927
Greif
GEF
$4.96B
$330K ﹤0.01%
9,578
+2,278
+31% +$74.8K
PPC icon
928
Pilgrim's Pride
PPC
$6.38B
$318K ﹤0.01%
18,850
+4,350
+30% +$84.8K
LNW
929
DELISTED
Light & Wonder
LNW
$308K ﹤0.01%
19,945
+4,945
+33% +$64.6K
TR icon
930
Tootsie Roll Industries
TR
$2.97B
$214K ﹤0.01%
+7,457
New +$221K
TMUSR
931
DELISTED
T-Mobile US, Inc. Subscription Rights Expiring 7/27/2020
TMUSR
$16K ﹤0.01%
+97,800
New +$27.5K
AVNT icon
932
Avient
AVNT
$4.18B
– –
-25,200
Closed -$478K
BABA icon
933
Alibaba
BABA
$313B
– –
-7,256
Closed -$1.41M
BIDU icon
934
Baidu
BIDU
$37.2B
– –
-3,380
Closed -$341K
CAKE icon
935
Cheesecake Factory
CAKE
$5.39B
– –
-11,399
Closed -$195K
CLB icon
936
Core Laboratories
CLB
$530M
– –
-12,300
Closed -$127K
CPRI icon
937
Capri Holdings
CPRI
$1.74B
– –
-34,748
Closed -$375K
CRWD icon
938
CrowdStrike
CRWD
$229B
– –
-32,840
Closed -$457K
CZR icon
939
Caesars Entertainment
CZR
$6.14B
– –
-18,100
Closed -$261K
DHC
940
Diversified Healthcare Trust
DHC
$2.04B
– –
-66,000
Closed -$240K
DNOW icon
941
DNOW Inc
DNOW
$3.06B
– –
-29,727
Closed -$153K
EAT icon
942
Brinker International
EAT
$9.74B
– –
-10,277
Closed -$123K
EFOI icon
943
Energy Focus
EFOI
$20.6M
– –
-15,580
Closed -$180K
EPD icon
944
Enterprise Products Partners
EPD
$82B
– –
-101,321
Closed -$1.45M
ET icon
945
Energy Transfer Partners
ET
$70.7B
– –
-65,460
Closed -$301K
EVOK
946
DELISTED
Evoke Pharma
EVOK
– –
-2,778
Closed -$464K
HP icon
947
Helmerich & Payne
HP
$4.12B
– –
-24,792
Closed -$388K
M icon
948
Macy's
M
$6.73B
– –
-70,830
Closed -$348K
MTDR icon
949
Matador Resources
MTDR
$6.34B
– –
-30,400
Closed -$75K
MVIS icon
950
Microvision
MVIS
$95.7M
– –
-288,413
Closed -$746K
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
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.