STATE OF MICHIGAN RETIREMENT SYSTEM
Q2 2020 13F-HR Holdings
Net value change ($000)
+2,343,324
(25.8%)
New positions
27
Sold out positions
40
Turnover %
4.0%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q1 2020
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| LQD | 183,727 | NEW |
| AAPL | 181,329 | 49.4% |
| AGG | 154,302 | 743.0% |
| MSFT | 152,619 | 38.9% |
| AMZN | 125,945 | 51.1% |
| CVS | 107,277 | 571.4% |
| HD | 76,598 | 110.9% |
| RTX | 60,362 | NEW |
| Midstream Co LLC | 54,066 | 18772.9% |
| SPY | 50,410 | 16.9% |
Top Reduces (Value $000, Stocks/ETFs)
| AGNC | -155,618 | -72.7% |
| EXC | -91,714 | -66.9% |
| RAYTHEON CO/ | -39,061 | -100.0% |
| GIS | -38,472 | -80.1% |
| GILD | -35,610 | -59.1% |
| EQM Midstream Partners, LP | -34,203 | -100.0% |
| FMC | -30,251 | -90.2% |
| TGNA | -28,314 | -97.0% |
| RHI | -27,480 | -94.7% |
| WBA | -26,353 | -76.8% |
Instrument mix + QoQ Δ (ex-options)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|