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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
SBAC icon
201
SBA Communications
SBAC
$19.5B
$8.5M 0.07%
28,541
+2,741
+11% +$809K
XEL icon
202
Xcel Energy
XEL
$48.8B
$8.38M 0.07%
134,059
+13,825
+11% +$871K
GM icon
203
General Motors
GM
$76.8B
$8.14M 0.07%
321,662
+33,442
+12% +$814K
PSX icon
204
Phillips 66
PSX
$81.4B
$8.02M 0.07%
111,502
+9,667
+9% +$684K
NFE icon
205
New Fortress Energy
NFE
$101M
$8.01M 0.07%
618,106
– –
WBA
206
DELISTED
Walgreens Boots Alliance
WBA
$7.98M 0.07%
188,167
-562,194
-75% -$23.9M
ORLY icon
207
O'Reilly Automotive
ORLY
$76.3B
$7.97M 0.07%
283,605
+23,400
+9% +$612K
BNY
208
Bank of New York Mellon
BNY
$107B
$7.96M 0.07%
205,809
+13,461
+7% +$493K
ALL icon
209
Allstate
ALL
$67.5B
$7.79M 0.07%
80,266
+6,029
+8% +$592K
ROST icon
210
Ross Stores
ROST
$81.9B
$7.74M 0.07%
90,798
+7,910
+10% +$717K
DOW icon
211
Dow Inc
DOW
$21.2B
$7.71M 0.07%
189,191
+19,213
+11% +$703K
KLAC icon
212
KLA
KLAC
$259B
$7.7M 0.07%
395,930
+34,160
+9% +$584K
INFO
213
DELISTED
IHS Markit Ltd. Common Shares
INFO
$7.69M 0.07%
101,889
+9,989
+11% +$680K
KMI icon
214
Kinder Morgan
KMI
$68.7B
$7.54M 0.07%
496,736
+50,280
+11% +$764K
EOG icon
215
EOG Resources
EOG
$70.7B
$7.53M 0.07%
148,624
+15,196
+11% +$736K
SNPS icon
216
Synopsys
SNPS
$79.7B
$7.51M 0.07%
38,523
+4,023
+12% +$664K
STZ icon
217
Constellation Brands
STZ
$23.2B
$7.5M 0.07%
42,887
+4,512
+12% +$752K
PSA icon
218
Public Storage
PSA
$61.3B
$7.37M 0.06%
38,400
+3,923
+11% +$757K
TRV icon
219
Travelers Companies
TRV
$80.2B
$7.36M 0.06%
64,545
+5,462
+9% +$576K
COF icon
220
Capital One
COF
$134B
$7.28M 0.06%
116,304
+9,556
+9% +$595K
MSCI icon
221
MSCI
MSCI
$40.9B
$7.26M 0.06%
21,756
+2,356
+12% +$762K
APH icon
222
Amphenol
APH
$209B
$7.24M 0.06%
302,392
+30,184
+11% +$674K
MET icon
223
MetLife
MET
$62.1B
$7.19M 0.06%
196,975
+17,790
+10% +$619K
TROW icon
224
T. Rowe Price
TROW
$24.3B
$7.18M 0.06%
58,138
+4,577
+9% +$522K
ES icon
225
Eversource Energy
ES
$27.2B
$7.15M 0.06%
85,893
+11,729
+16% +$971K
7 8
9
10 11

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.