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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
+13.65%
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
$12.5B
AUM Growth
+$1.31B
Cap. Flow
-$79.1M
Cap. Flow %
-0.63%
Top 10 Hldgs %
22.44%
Holding
968
New
24
Increased
369
Reduced
350
Closed
18

Top Buys

Rank Stock Value
1
RITM icon
Rithm Capital
RITM
+$49.4M
2
SPNT icon
SiriusPoint
SPNT
+$44.7M
3
CVS icon
CVS Health
CVS
+$30.5M
4
ORCL icon
Oracle
ORCL
+$30.2M
5
SYK icon
Stryker
SYK
+$28.9M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$82.5M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$70.3M
3
GILD icon
Gilead Sciences
GILD
+$63.7M
4
MCK icon
McKesson
MCK
+$32.8M
5
COR icon
Cencora
COR
+$31.4M

Sector Composition

Rank Sector Weight
1 Technology 16.88%
2 Financials 14.51%
3 Real Estate 12.52%
4 Healthcare 12.42%
5 Industrials 9.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EBAY icon
226
eBay
EBAY
$49.8B
$9.21M 0.07%
247,842
-11,300
-4% -$392K
SYY icon
227
Sysco
SYY
$40.3B
$9.09M 0.07%
136,179
-700
-0.5% -$45.5K
ALL icon
228
Allstate
ALL
$67.5B
$9.01M 0.07%
95,637
-3,000
-3% -$271K
GIS icon
229
General Mills
GIS
$19.7B
$8.9M 0.07%
171,938
+1,200
+0.7% +$54.3K
YUM icon
230
Yum! Brands
YUM
$41.1B
$8.81M 0.07%
88,254
-1,200
-1% -$114K
EA
231
DELISTED
Electronic Arts
EA
$8.77M 0.07%
86,306
-200
-0.2% -$19K
ORLY icon
232
O'Reilly Automotive
ORLY
$76.3B
$8.76M 0.07%
338,205
-6,000
-2% -$145K
PEG icon
233
Public Service Enterprise Group
PEG
$37.7B
$8.65M 0.07%
145,622
+900
+0.6% +$50.3K
WELL icon
234
Welltower
WELL
$171B
$8.64M 0.07%
111,309
+3,800
+4% +$285K
HPQ icon
235
HP
HPQ
$27.5B
$8.59M 0.07%
441,925
-11,100
-2% -$235K
STZ icon
236
Constellation Brands
STZ
$23.2B
$8.41M 0.07%
47,975
+400
+0.8% +$67.4K
XEL icon
237
Xcel Energy
XEL
$48.8B
$8.33M 0.07%
148,234
+1,100
+0.7% +$58.5K
OKE icon
238
Oneok
OKE
$54.5B
$8.29M 0.07%
118,626
+900
+0.8% +$58.3K
PANW icon
239
Palo Alto Networks
PANW
$297B
$8.26M 0.07%
204,000
– –
VFC icon
240
VF Corp
VFC
$5.89B
$8.13M 0.07%
99,327
+425
+0.4% +$33.1K
APH icon
241
Amphenol
APH
$209B
$8.12M 0.07%
343,808
-1,200
-0.3% -$26.8K
EQR icon
242
Equity Residential
EQR
$25.1B
$8.03M 0.06%
106,603
+1,100
+1% +$79.3K
AVB icon
243
AvalonBay Communities
AVB
$26.8B
$8.01M 0.06%
39,923
+400
+1% +$76.4K
TEL icon
244
TE Connectivity
TEL
$62.6B
$7.89M 0.06%
97,676
-500
-0.5% -$40.3K
LRCX icon
245
Lam Research
LRCX
$390B
$7.87M 0.06%
439,600
-5,000
-1% -$83.4K
ED icon
246
Consolidated Edison
ED
$39.9B
$7.85M 0.06%
92,528
+3,400
+4% +$272K
PPG icon
247
PPG Industries
PPG
$26.6B
$7.67M 0.06%
67,968
-700
-1% -$75K
STI
248
DELISTED
SunTrust Banks, Inc.
STI
$7.57M 0.06%
127,692
-900
-0.7% -$55.1K
TT icon
249
Trane Technologies
TT
$106B
$7.53M 0.06%
69,740
-600
-0.9% -$60.8K
ZBH icon
250
Zimmer Biomet
ZBH
$18.4B
$7.53M 0.06%
60,711
+515
+0.9% +$58.5K
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 Q1 2019 Portfolio in Review

As of Q1 2019, State of Michigan Retirement System held 968 positions worth $12.5B, up 12% from $11.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Trading was light in Q1 2019: portfolio turnover was 4.3%. State of Michigan Retirement System opened 24 new positions and exited 18, leaving the 968-position portfolio largely intact.

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

  • State of Michigan Retirement System's largest Q1 2019 buy was SiriusPoint: 4,200,000 shares worth $43.6M.
  • State of Michigan Retirement System added most to Rithm Capital in Q1 2019, an estimated $49.4M increase.
  • State of Michigan Retirement System's biggest Q1 2019 reduction was Exelon, cutting an estimated $82.5M.
  • State of Michigan Retirement System fully exited Burlington in Q1 2019, selling an estimated $31.2M.
  • State of Michigan Retirement System's ten largest holdings make up 22% of its $12.5B portfolio in Q1 2019.
  • State of Michigan Retirement System opened 24 new positions and closed 18 in Q1 2019.
  • State of Michigan Retirement System's portfolio value rose 12% quarter-over-quarter to $12.5B.

Based on State of Michigan Retirement System's 13F filing for Q1 2019, filed 6 May 2019.