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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
SO icon
151
Southern Company
SO
$107B
$14M 0.12%
269,682
+29,252
+12% +$1.63M
ILMN icon
152
Illumina
ILMN
$28.4B
$13.9M 0.12%
38,635
+4,033
+12% +$1.3M
CSX icon
153
CSX Corp
CSX
$93.1B
$13.6M 0.12%
586,569
+51,876
+10% +$1.15M
ADSK icon
154
Autodesk
ADSK
$52.6B
$13.4M 0.12%
56,003
+5,583
+11% +$1.1M
HUM icon
155
Humana
HUM
$46.2B
$13.1M 0.11%
33,755
+3,429
+11% +$1.28M
TFC icon
156
Truist Financial
TFC
$64B
$12.9M 0.11%
344,126
+36,699
+12% +$1.32M
ITW icon
157
Illinois Tool Works
ITW
$84.5B
$12.8M 0.11%
73,443
+6,446
+10% +$1.05M
BSX icon
158
Boston Scientific
BSX
$71.5B
$12.8M 0.11%
364,865
+45,369
+14% +$1.63M
ICE icon
159
Intercontinental Exchange
ICE
$84.4B
$12.8M 0.11%
139,710
+12,010
+9% +$1.1M
NEM icon
160
Newmont
NEM
$119B
$12.7M 0.11%
205,026
+17,071
+9% +$1.01M
ECL icon
161
Ecolab
ECL
$79.9B
$12.6M 0.11%
63,195
+5,766
+10% +$1.12M
DE icon
162
Deere & Co
DE
$168B
$12.6M 0.11%
79,889
+7,735
+11% +$1.12M
KMB icon
163
Kimberly-Clark
KMB
$36.5B
$12.3M 0.11%
86,967
+8,321
+11% +$1.15M
NOC icon
164
Northrop Grumman
NOC
$81.2B
$12.2M 0.11%
39,633
+3,716
+10% +$1.22M
LRCX icon
165
Lam Research
LRCX
$390B
$12M 0.11%
370,850
+38,250
+12% +$1.04M
CERN
166
DELISTED
Cerner Corp
CERN
$12M 0.1%
174,703
-274,265
-61% -$18.8M
PGR icon
167
Progressive
PGR
$125B
$12M 0.1%
149,475
+15,494
+12% +$1.21M
SHW icon
168
Sherwin-Williams
SHW
$89.8B
$11.9M 0.1%
61,947
+5,274
+9% +$951K
ALLY icon
169
Ally Financial
ALLY
$13.3B
$11.9M 0.1%
600,000
– –
ADI icon
170
Analog Devices
ADI
$190B
$11.5M 0.1%
94,103
+9,608
+11% +$1.06M
COP icon
171
ConocoPhillips
COP
$141B
$11.5M 0.1%
273,880
+22,325
+9% +$903K
GPMT
172
Granite Point Mortgage Trust
GPMT
$61.2M
$11.5M 0.1%
1,600,000
– –
NSC icon
173
Norfolk Southern
NSC
$75.1B
$11.5M 0.1%
65,411
+5,662
+9% +$959K
PNC icon
174
PNC Financial Services
PNC
$101B
$11.4M 0.1%
108,347
+7,871
+8% +$829K
AON icon
175
Aon
AON
$76B
$11.4M 0.1%
59,024
+5,377
+10% +$1M
5 6
7
8 9

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.