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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
-12.75%
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
$11.1B
AUM Growth
-$2.52B
Cap. Flow
-$649M
Cap. Flow %
-5.82%
Top 10 Hldgs %
23.67%
Holding
963
New
23
Increased
75
Reduced
826
Closed
19

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$107M
2
RITM icon
Rithm Capital
RITM
+$68.6M
3
HON icon
Honeywell
HON
+$65.1M
4
DXC icon
DXC Technology
DXC
+$44.8M
5
RTN
Raytheon Company
RTN
+$41.3M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$125M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$108M
3
AXP icon
American Express
AXP
+$99.1M
4
V icon
Visa
V
+$83.3M
5
CVS icon
CVS Health
CVS
+$79.7M

Sector Composition

Rank Sector Weight
1 Technology 15.27%
2 Financials 14.8%
3 Healthcare 13.25%
4 Real Estate 12.44%
5 Industrials 8.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADSK icon
226
Autodesk
ADSK
$52.6B
$8.07M 0.07%
62,720
-2,400
-4% -$324K
ORLY icon
227
O'Reilly Automotive
ORLY
$76.3B
$7.9M 0.07%
344,205
-16,500
-5% -$376K
ROP icon
228
Roper Technologies
ROP
$39.8B
$7.89M 0.07%
29,602
-1,200
-4% -$339K
KHC icon
229
Kraft Heinz
KHC
$30B
$7.66M 0.07%
178,046
-7,200
-4% -$373K
STZ icon
230
Constellation Brands
STZ
$23.2B
$7.65M 0.07%
47,575
-2,400
-5% -$477K
WMB icon
231
Williams Companies
WMB
$86.1B
$7.64M 0.07%
346,586
-13,800
-4% -$345K
PEG icon
232
Public Service Enterprise Group
PEG
$37.7B
$7.53M 0.07%
144,722
-5,900
-4% -$318K
WELL icon
233
Welltower
WELL
$171B
$7.46M 0.07%
107,509
-3,300
-3% -$225K
TEL icon
234
TE Connectivity
TEL
$62.6B
$7.42M 0.07%
98,176
-5,700
-5% -$439K
EBAY icon
235
eBay
EBAY
$49.8B
$7.27M 0.07%
259,142
-18,000
-6% -$529K
XEL icon
236
Xcel Energy
XEL
$48.8B
$7.25M 0.07%
147,134
-4,600
-3% -$231K
PPG icon
237
PPG Industries
PPG
$26.6B
$7.02M 0.06%
68,668
-3,400
-5% -$352K
APH icon
238
Amphenol
APH
$209B
$6.99M 0.06%
345,008
-12,800
-4% -$275K
EQR icon
239
Equity Residential
EQR
$25.1B
$6.96M 0.06%
105,503
-4,200
-4% -$282K
GLW icon
240
Corning
GLW
$143B
$6.92M 0.06%
229,169
-12,200
-5% -$389K
AVB icon
241
AvalonBay Communities
AVB
$26.8B
$6.88M 0.06%
39,523
-1,700
-4% -$307K
STT icon
242
State Street
STT
$50.7B
$6.85M 0.06%
108,657
-4,400
-4% -$315K
EA
243
DELISTED
Electronic Arts
EA
$6.83M 0.06%
86,506
-4,300
-5% -$394K
ED icon
244
Consolidated Edison
ED
$39.9B
$6.82M 0.06%
89,128
-3,600
-4% -$282K
CNC icon
245
Centene
CNC
$32.5B
$6.78M 0.06%
117,648
-4,600
-4% -$308K
LUV icon
246
Southwest Airlines
LUV
$23B
$6.73M 0.06%
144,884
-8,800
-6% -$467K
HAL icon
247
Halliburton
HAL
$26.6B
$6.67M 0.06%
250,779
-11,400
-4% -$385K
TFCF
248
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$6.66M 0.06%
139,456
-5,700
-4% -$268K
GIS icon
249
General Mills
GIS
$19.7B
$6.65M 0.06%
170,738
-6,800
-4% -$287K
VFC icon
250
VF Corp
VFC
$5.89B
$6.64M 0.06%
98,902
-3,929
-4% -$301K
8 9
10
11 12

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 Q4 2018 Portfolio in Review

As of Q4 2018, State of Michigan Retirement System held 963 positions worth $11.1B, down 18% from $13.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System withdrew a net $649M in Q4 2018, closing 19 positions and reducing 826 holdings. Its most notable exit was CA, Inc., an estimated $39.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in Honeywell worth $59.4M.

  • State of Michigan Retirement System's largest Q4 2018 buy was Honeywell: 477,026 shares worth $59.4M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $107M increase.
  • State of Michigan Retirement System's biggest Q4 2018 reduction was Exelon, cutting an estimated $125M.
  • State of Michigan Retirement System fully exited CA, Inc. in Q4 2018, selling an estimated $39.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $11.1B portfolio in Q4 2018.
  • State of Michigan Retirement System opened 23 new positions and closed 19 in Q4 2018.
  • State of Michigan Retirement System's portfolio value fell 18% quarter-over-quarter to $11.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2018, filed 1 Feb 2019.