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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
JCI icon
251
Johnson Controls International
JCI
$91.3B
$4.77M 0.05%
176,887
-9,700
-5% -$361K
ZBH icon
252
Zimmer Biomet
ZBH
$18.7B
$4.76M 0.05%
48,557
-2,678
-5% -$351K
CMI icon
253
Cummins
CMI
$87.4B
$4.76M 0.05%
35,164
-1,900
-5% -$296K
YUM icon
254
Yum! Brands
YUM
$39.7B
$4.75M 0.05%
69,354
-3,800
-5% -$355K
IDXX icon
255
Idexx Laboratories
IDXX
$46.9B
$4.75M 0.05%
19,600
-1,100
-5% -$287K
AVB icon
256
AvalonBay Communities
AVB
$26.3B
$4.71M 0.05%
32,023
-1,800
-5% -$363K
MAR icon
257
Marriott International
MAR
$90.9B
$4.66M 0.05%
62,252
-3,400
-5% -$423K
PAYX icon
258
Paychex
PAYX
$43.1B
$4.59M 0.05%
73,011
-4,000
-5% -$320K
ANSS
259
DELISTED
Ansys
ANSS
$4.56M 0.05%
19,600
-1,100
-5% -$284K
TT icon
260
Trane Technologies
TT
$105B
$4.54M 0.05%
54,940
-3,000
-5% -$364K
PPG icon
261
PPG Industries
PPG
$25.7B
$4.53M 0.05%
54,168
-3,000
-5% -$333K
EIX icon
262
Edison International
EIX
$26.1B
$4.5M 0.05%
82,184
-4,500
-5% -$312K
HSY icon
263
Hershey
HSY
$36.7B
$4.5M 0.05%
33,982
-1,900
-5% -$280K
ADM icon
264
Archer Daniels Midland
ADM
$38.8B
$4.49M 0.05%
127,600
-7,000
-5% -$286K
XLNX
265
DELISTED
Xilinx Inc
XLNX
$4.49M 0.05%
57,571
-3,200
-5% -$279K
SNPS icon
266
Synopsys
SNPS
$78.8B
$4.44M 0.05%
34,500
-1,900
-5% -$270K
STT icon
267
State Street
STT
$51.3B
$4.44M 0.05%
83,357
-4,600
-5% -$320K
HLT icon
268
Hilton Worldwide
HLT
$70B
$4.41M 0.05%
64,600
-3,600
-5% -$351K
TWTR
269
DELISTED
Twitter, Inc.
TWTR
$4.37M 0.05%
178,000
-9,800
-5% -$317K
PPL
270
PPL Corp
PPL
$26.3B
$4.34M 0.05%
175,966
+1,100
+0.6% +$35.4K
F icon
271
Ford
F
$55.8B
$4.31M 0.05%
892,690
-49,100
-5% -$368K
ETR icon
272
Entergy
ETR
$49.3B
$4.29M 0.05%
91,230
-5,000
-5% -$296K
SLB icon
273
SLB Ltd
SLB
$78.9B
$4.28M 0.05%
317,272
-17,500
-5% -$506K
VLO icon
274
Valero Energy
VLO
$90.7B
$4.27M 0.05%
94,076
-5,200
-5% -$378K
VRSN icon
275
VeriSign
VRSN
$26.5B
$4.26M 0.05%
23,657
-1,300
-5% -$256K
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
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.