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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
+8.49%
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
$12.1B
AUM Growth
+$1.06B
Cap. Flow
+$176M
Cap. Flow %
1.45%
Top 10 Hldgs %
21.16%
Holding
973
New
29
Increased
606
Reduced
214
Closed
26

Top Buys

Rank Stock Value
1
UGI icon
UGI
UGI
+$91.7M
2
EXC icon
Exelon
EXC
+$90.8M
3
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$86.9M
4
PINS icon
Pinterest
PINS
+$57.6M
5
TDG icon
TransDigm Group
TDG
+$43.7M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$92.3M
2
HD icon
Home Depot
HD
+$58M
3
DIS icon
Walt Disney
DIS
+$57.7M
4
HON icon
Honeywell
HON
+$53.2M
5
IBM icon
IBM
IBM
+$50.8M

Sector Composition

Rank Sector Weight
1 Technology 17.7%
2 Financials 14.22%
3 Healthcare 12.86%
4 Real Estate 10.39%
5 Industrials 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVB icon
251
AvalonBay Communities
AVB
$26.8B
$7.09M 0.06%
33,823
+200
+0.6% +$42.8K
WEC icon
252
WEC Energy
WEC
$35.1B
$7.04M 0.06%
76,277
+400
+0.5% +$36.5K
STT icon
253
State Street
STT
$50.7B
$6.96M 0.06%
87,957
-1,600
-2% -$113K
WMB icon
254
Williams Companies
WMB
$86.1B
$6.95M 0.06%
293,086
+1,700
+0.6% +$38.9K
TROW icon
255
T. Rowe Price
TROW
$24.3B
$6.89M 0.06%
56,561
-100
-0.2% -$11.8K
EQR icon
256
Equity Residential
EQR
$25.1B
$6.83M 0.06%
84,403
+600
+0.7% +$51.1K
KLAC icon
257
KLA
KLAC
$259B
$6.8M 0.06%
381,770
-1,000
-0.3% -$16.8K
NFE icon
258
New Fortress Energy
NFE
$101M
$6.79M 0.06%
433,106
– –
EBAY icon
259
eBay
EBAY
$49.8B
$6.68M 0.06%
184,942
-4,600
-2% -$167K
MSI icon
260
Motorola Solutions
MSI
$77.4B
$6.67M 0.06%
41,423
+1,600
+4% +$263K
ES icon
261
Eversource Energy
ES
$27.2B
$6.66M 0.06%
78,264
+500
+0.6% +$41.6K
CMI icon
262
Cummins
CMI
$88.7B
$6.63M 0.05%
37,064
-900
-2% -$158K
PCAR icon
263
PACCAR
PCAR
$70.1B
$6.61M 0.05%
125,427
+450
+0.4% +$23.1K
SBAC icon
264
SBA Communications
SBAC
$19.5B
$6.55M 0.05%
27,200
– –
PAYX icon
265
Paychex
PAYX
$42.7B
$6.55M 0.05%
77,011
+100
+0.1% +$8.44K
EIX icon
266
Edison International
EIX
$26.4B
$6.54M 0.05%
86,684
+600
+0.7% +$42.5K
TSN icon
267
Tyson Foods
TSN
$20.4B
$6.5M 0.05%
71,436
+600
+0.8% +$51.6K
DFS
268
DELISTED
Discover Financial Services
DFS
$6.43M 0.05%
75,843
-700
-0.9% -$57.7K
PH icon
269
Parker-Hannifin
PH
$135B
$6.4M 0.05%
31,095
+200
+0.6% +$38.8K
A icon
270
Agilent Technologies
A
$41.2B
$6.39M 0.05%
74,869
+500
+0.7% +$39.4K
FE icon
271
FirstEnergy
FE
$27.5B
$6.35M 0.05%
130,653
+800
+0.6% +$38.2K
EARN
272
Ellington Residential Mortgage REIT
EARN
$165M
$6.29M 0.05%
580,000
– –
CNC icon
273
Centene
CNC
$32.5B
$6.29M 0.05%
100,048
+600
+0.6% +$32.6K
WTW icon
274
Willis Towers Watson
WTW
$32B
$6.28M 0.05%
31,078
+100
+0.3% +$19.2K
PPL
275
PPL Corp
PPL
$26.7B
$6.27M 0.05%
174,866
+1,200
+0.7% +$40.2K
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 2019 Portfolio in Review

As of Q4 2019, State of Michigan Retirement System held 973 positions worth $12.1B, up 9.6% from $11B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

State of Michigan Retirement System's Q4 2019 filing shows 29 new, 606 increased, 214 reduced and 26 closed positions. Its largest new stake was Pinterest: 2,666,569 shares worth $49.7M. The largest sale was JPMorgan Chase, an estimated $92.3M.

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

  • State of Michigan Retirement System's largest Q4 2019 buy was Pinterest: 2,666,569 shares worth $49.7M.
  • State of Michigan Retirement System added most to UGI in Q4 2019, an estimated $91.7M increase.
  • State of Michigan Retirement System's biggest Q4 2019 reduction was JPMorgan Chase, cutting an estimated $92.3M.
  • State of Michigan Retirement System fully exited Celgene Corp in Q4 2019, selling an estimated $16.9M.
  • State of Michigan Retirement System's ten largest holdings make up 21% of its $12.1B portfolio in Q4 2019.
  • State of Michigan Retirement System opened 29 new positions and closed 26 in Q4 2019.
  • State of Michigan Retirement System's portfolio value rose 9.6% quarter-over-quarter to $12.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2019, filed 24 Jan 2020.