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
PLD icon
126
Prologis
PLD
$133B
$17.6M 0.15%
188,644
+19,413
+11% +$1.73M
CAT icon
127
Caterpillar
CAT
$387B
$17.5M 0.15%
138,276
+11,610
+9% +$1.38M
D icon
128
Dominion Energy
D
$59.3B
$17.4M 0.15%
214,323
+25,669
+14% +$2.06M
EFC
129
Ellington Financial
EFC
$1.71B
$17.2M 0.15%
1,462,778
– –
ISRG icon
130
Intuitive Surgical
ISRG
$134B
$17M 0.15%
89,421
-79,983
-47% -$14.3M
ELV icon
131
Elevance Health
ELV
$85.5B
$16.9M 0.15%
64,410
+6,266
+11% +$1.67M
REGN icon
132
Regeneron Pharmaceuticals
REGN
$80.8B
$16.1M 0.14%
25,792
+7,448
+41% +$4.23M
CL icon
133
Colgate-Palmolive
CL
$74.4B
$16M 0.14%
218,736
+22,252
+11% +$1.58M
EQIX icon
134
Equinix
EQIX
$103B
$15.9M 0.14%
22,590
+3,052
+16% +$2.06M
GS icon
135
Goldman Sachs
GS
$303B
$15.6M 0.14%
79,083
+6,033
+8% +$1.13M
TJX icon
136
TJX Companies
TJX
$178B
$15.5M 0.14%
305,945
+27,965
+10% +$1.4M
TGT icon
137
Target
TGT
$68B
$15.3M 0.13%
127,743
+11,633
+10% +$1.33M
GE icon
138
GE Aerospace
GE
$384B
$15.3M 0.13%
448,221
+26,798
+6% +$904K
TRU icon
139
TransUnion
TRU
$15.3B
$15.2M 0.13%
175,000
– –
TMUS icon
140
T-Mobile US
TMUS
$190B
$15.2M 0.13%
145,500
+72,900
+100% +$6.99M
DUK icon
141
Duke Energy
DUK
$97.3B
$15M 0.13%
187,670
+20,519
+12% +$1.73M
ATVI
142
DELISTED
Activision Blizzard
ATVI
$14.9M 0.13%
196,742
+20,598
+12% +$1.44M
CME icon
143
CME Group
CME
$94.8B
$14.9M 0.13%
91,589
+9,412
+11% +$1.69M
MS icon
144
Morgan Stanley
MS
$340B
$14.8M 0.13%
305,845
+38,890
+15% +$1.63M
MU icon
145
Micron Technology
MU
$991B
$14.6M 0.13%
284,063
+30,319
+12% +$1.43M
CB icon
146
Chubb
CB
$135B
$14.6M 0.13%
115,239
+11,362
+11% +$1.32M
XLV icon
147
State Street Health Care Select Sector SPDR ETF
XLV
$43.3B
$14.3M 0.12%
142,428
+30,428
+27% +$3M
TCPC icon
148
BlackRock TCP Capital
TCPC
$345M
$14.1M 0.12%
1,548,039
– –
AMAT icon
149
Applied Materials
AMAT
$428B
$14.1M 0.12%
234,024
+22,315
+11% +$1.2M
MRSH
150
Marsh
MRSH
$91.5B
$14M 0.12%
130,336
+14,635
+13% +$1.48M
4 5
6
7 8

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.