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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
GLW icon
251
Corning
GLW
$143B
$7.51M 0.06%
226,769
-2,400
-1% -$78.7K
LUV icon
252
Southwest Airlines
LUV
$23B
$7.44M 0.06%
143,384
-1,500
-1% -$79.1K
PXD
253
DELISTED
Pioneer Natural Resource Co.
PXD
$7.39M 0.06%
48,502
-300
-0.6% -$42.3K
HAL icon
254
Halliburton
HAL
$26.6B
$7.37M 0.06%
251,479
+700
+0.3% +$21.1K
A icon
255
Agilent Technologies
A
$41.2B
$7.36M 0.06%
91,569
+300
+0.3% +$22.8K
DLTR icon
256
Dollar Tree
DLTR
$25.2B
$7.21M 0.06%
68,610
+500
+0.7% +$49.1K
WEC icon
257
WEC Energy
WEC
$35.1B
$7.19M 0.06%
90,877
+500
+0.6% +$37.1K
STT icon
258
State Street
STT
$50.7B
$7.18M 0.06%
109,157
+500
+0.5% +$34.7K
DLR icon
259
Digital Realty Trust
DLR
$71.7B
$7.12M 0.06%
59,860
+800
+1% +$89.3K
FTV icon
260
Fortive
FTV
$18.6B
$7.12M 0.06%
134,503
+1,110
+0.8% +$54.1K
HLT icon
261
Hilton Worldwide
HLT
$71.5B
$7.01M 0.06%
84,400
-500
-0.6% -$39.1K
ADM icon
262
Archer Daniels Midland
ADM
$36.9B
$6.96M 0.06%
161,400
+900
+0.6% +$38.5K
EARN
263
Ellington Residential Mortgage REIT
EARN
$165M
$6.9M 0.06%
580,000
– –
TWTR
264
DELISTED
Twitter, Inc.
TWTR
$6.9M 0.06%
209,900
+2,900
+1% +$91.9K
TROW icon
265
T. Rowe Price
TROW
$24.3B
$6.81M 0.05%
68,061
-800
-1% -$77.1K
PCAR icon
266
PACCAR
PCAR
$70.1B
$6.81M 0.05%
149,877
-150
-0.1% -$6.53K
DFS
267
DELISTED
Discover Financial Services
DFS
$6.74M 0.05%
94,643
-1,500
-2% -$103K
MSI icon
268
Motorola Solutions
MSI
$77.4B
$6.63M 0.05%
47,223
+400
+0.9% +$51.9K
PPL
269
PPL Corp
PPL
$26.7B
$6.59M 0.05%
207,766
+1,600
+0.8% +$49.7K
CMI icon
270
Cummins
CMI
$88.7B
$6.59M 0.05%
41,764
-500
-1% -$75K
VTR icon
271
Ventas
VTR
$47.9B
$6.55M 0.05%
102,610
+600
+0.6% +$37.5K
APC
272
DELISTED
Anadarko Petroleum
APC
$6.55M 0.05%
143,927
-400
-0.3% -$18.1K
DTE icon
273
DTE Energy
DTE
$29.1B
$6.54M 0.05%
61,597
+352
+0.6% +$35.5K
WTW icon
274
Willis Towers Watson
WTW
$32B
$6.53M 0.05%
37,178
– –
ES icon
275
Eversource Energy
ES
$27.2B
$6.48M 0.05%
91,364
+600
+0.7% +$41.3K
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 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.