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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
-20.36%
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
$9.07B
AUM Growth
-$3.03B
Cap. Flow
-$67.8M
Cap. Flow %
-0.75%
Top 10 Hldgs %
24.73%
Holding
965
New
18
Increased
32
Reduced
868
Closed
22

Top Buys

Rank Stock Value
1
SPG icon
Simon Property Group
SPG
+$198M
2
AAPL icon
Apple
AAPL
+$87.1M
3
META icon
Meta Platforms (Facebook)
META
+$84.1M
4
JPM icon
JPMorgan Chase
JPM
+$68.1M
5
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$61.7M

Top Sells

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$157M
2
EG icon
Everest Group
EG
+$47.9M
3
EEFT icon
Euronet Worldwide
EEFT
+$35.6M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$32.1M
5
RTX icon
RTX Corp
RTX
+$29.4M

Sector Composition

Rank Sector Weight
1 Technology 19.9%
2 Financials 14.15%
3 Healthcare 13.94%
4 Communication Services 9.15%
5 Consumer Discretionary 7.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COF icon
226
Capital One
COF
$134B
$5.38M 0.06%
106,748
-5,900
-5% -$519K
SYY icon
227
Sysco
SYY
$40.1B
$5.34M 0.06%
116,979
-6,400
-5% -$443K
EBAY icon
228
eBay
EBAY
$47.9B
$5.27M 0.06%
175,342
-9,600
-5% -$334K
TROW icon
229
T. Rowe Price
TROW
$24.3B
$5.23M 0.06%
53,561
-3,000
-5% -$367K
VRSK icon
230
Verisk Analytics
VRSK
$23.6B
$5.23M 0.06%
37,516
-2,100
-5% -$329K
ORLY icon
231
O'Reilly Automotive
ORLY
$75.3B
$5.22M 0.06%
260,205
-15,000
-5% -$383K
MSI icon
232
Motorola Solutions
MSI
$76.5B
$5.21M 0.06%
39,223
-2,200
-5% -$369K
PEG icon
233
Public Service Enterprise Group
PEG
$37.2B
$5.21M 0.06%
115,922
-6,400
-5% -$346K
KLAC icon
234
KLA
KLAC
$252B
$5.2M 0.06%
361,770
-20,000
-5% -$322K
A icon
235
Agilent Technologies
A
$42B
$5.08M 0.06%
70,969
-3,900
-5% -$313K
WTW icon
236
Willis Towers Watson
WTW
$31.9B
$5.01M 0.06%
29,478
-1,600
-5% -$315K
CLX icon
237
Clorox
CLX
$13B
$4.98M 0.06%
28,770
-1,600
-5% -$264K
DOW icon
238
Dow Inc
DOW
$22.1B
$4.97M 0.05%
169,978
-9,400
-5% -$400K
FE icon
239
FirstEnergy
FE
$27.1B
$4.96M 0.05%
123,853
-6,800
-5% -$316K
APH icon
240
Amphenol
APH
$207B
$4.96M 0.05%
272,208
-14,800
-5% -$353K
AWK icon
241
American Water Works
AWK
$26.9B
$4.95M 0.05%
41,428
-2,300
-5% -$297K
EQR icon
242
Equity Residential
EQR
$24.7B
$4.94M 0.05%
80,003
-4,400
-5% -$340K
MNST icon
243
Monster Beverage
MNST
$89.6B
$4.92M 0.05%
174,984
-9,600
-5% -$309K
RMD icon
244
ResMed
RMD
$31.9B
$4.86M 0.05%
33,000
-1,800
-5% -$287K
BALL icon
245
Ball Corp
BALL
$16.6B
$4.85M 0.05%
75,052
-4,100
-5% -$287K
PCAR icon
246
PACCAR
PCAR
$69.1B
$4.84M 0.05%
118,827
-6,600
-5% -$310K
AIG icon
247
American International
AIG
$40.7B
$4.83M 0.05%
199,352
-11,000
-5% -$472K
TEL icon
248
TE Connectivity
TEL
$62B
$4.83M 0.05%
76,676
-4,200
-5% -$359K
PRU icon
249
Prudential Financial
PRU
$42.1B
$4.8M 0.05%
92,132
-5,100
-5% -$405K
EOG icon
250
EOG Resources
EOG
$74.6B
$4.79M 0.05%
133,428
-7,300
-5% -$475K
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
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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

State of Michigan Retirement System's Q1 2020 Portfolio in Review

As of Q1 2020, State of Michigan Retirement System held 965 positions worth $9.07B, down 25% from $12.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q1 2020: portfolio turnover was 4.1%. State of Michigan Retirement System opened 18 new positions and exited 22, leaving the 965-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q1 2020 buy was National General Holdings Corp: 1,300,000 shares worth $21.5M.
  • State of Michigan Retirement System added most to Simon Property Group in Q1 2020, an estimated $198M increase.
  • State of Michigan Retirement System's biggest Q1 2020 reduction was Everest Group, cutting an estimated $47.9M.
  • State of Michigan Retirement System fully exited Annaly Capital Management in Q1 2020, selling an estimated $157M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $9.07B portfolio in Q1 2020.
  • State of Michigan Retirement System opened 18 new positions and closed 22 in Q1 2020.
  • State of Michigan Retirement System's portfolio value fell 25% quarter-over-quarter to $9.07B.

Based on State of Michigan Retirement System's 13F filing for Q1 2020, filed 28 Apr 2020.