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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
ADM icon
251
Archer Daniels Midland
ADM
$36.9B
$6.58M 0.06%
160,500
-6,300
-4% -$294K
STI
252
DELISTED
SunTrust Banks, Inc.
STI
$6.49M 0.06%
128,592
-8,700
-6% -$521K
PXD
253
DELISTED
Pioneer Natural Resource Co.
PXD
$6.42M 0.06%
48,802
-2,000
-4% -$306K
TT icon
254
Trane Technologies
TT
$106B
$6.42M 0.06%
70,340
-2,800
-4% -$275K
CPAY icon
255
Corpay
CPAY
$25.7B
$6.41M 0.06%
34,500
+6,400
+23% +$1.25M
PANW icon
256
Palo Alto Networks
PANW
$297B
$6.4M 0.06%
204,000
-96,000
-32% -$2.99M
TROW icon
257
T. Rowe Price
TROW
$24.3B
$6.36M 0.06%
68,861
-3,600
-5% -$349K
OKE icon
258
Oneok
OKE
$54.5B
$6.35M 0.06%
117,726
-4,800
-4% -$298K
APC
259
DELISTED
Anadarko Petroleum
APC
$6.33M 0.06%
144,327
-8,300
-5% -$468K
DLR icon
260
Digital Realty Trust
DLR
$71.7B
$6.29M 0.06%
59,060
-2,400
-4% -$265K
KR icon
261
Kroger
KR
$34.8B
$6.28M 0.06%
228,476
-8,900
-4% -$258K
WEC icon
262
WEC Energy
WEC
$35.1B
$6.26M 0.06%
90,377
-3,600
-4% -$253K
XLNX
263
DELISTED
Xilinx Inc
XLNX
$6.17M 0.06%
72,471
-2,900
-4% -$242K
A icon
264
Agilent Technologies
A
$41.2B
$6.16M 0.06%
91,269
-3,700
-4% -$249K
DLTR icon
265
Dollar Tree
DLTR
$25.2B
$6.15M 0.06%
68,110
-2,800
-4% -$236K
HLT icon
266
Hilton Worldwide
HLT
$71.5B
$6.1M 0.05%
84,900
-4,000
-4% -$289K
ZBH icon
267
Zimmer Biomet
ZBH
$18.4B
$6.06M 0.05%
60,196
-2,266
-4% -$255K
LRCX icon
268
Lam Research
LRCX
$390B
$6.05M 0.05%
444,600
-25,000
-5% -$358K
VTR icon
269
Ventas
VTR
$47.9B
$5.98M 0.05%
102,010
-4,200
-4% -$248K
PAYX icon
270
Paychex
PAYX
$42.7B
$5.96M 0.05%
91,511
-3,900
-4% -$264K
SNAP icon
271
Snap
SNAP
$9.01B
$5.96M 0.05%
1,080,756
– –
TWTR
272
DELISTED
Twitter, Inc.
TWTR
$5.95M 0.05%
207,000
-707,500
-77% -$22.2M
EARN
273
Ellington Residential Mortgage REIT
EARN
$165M
$5.93M 0.05%
580,000
– –
ES icon
274
Eversource Energy
ES
$27.2B
$5.9M 0.05%
90,764
-3,700
-4% -$241K
CXO
275
DELISTED
CONCHO RESOURCES INC.
CXO
$5.89M 0.05%
57,332
-2,300
-4% -$305K
9 10
11
12 13

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.