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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
PPL
276
PPL Corp
PPL
$26.7B
$5.84M 0.05%
206,166
-2,300
-1% -$69.9K
MTB icon
277
M&T Bank
MTB
$36.2B
$5.75M 0.05%
40,170
-2,700
-6% -$432K
DTE icon
278
DTE Energy
DTE
$29.1B
$5.75M 0.05%
61,245
-2,350
-4% -$229K
PCAR icon
279
PACCAR
PCAR
$70.1B
$5.71M 0.05%
150,027
-6,600
-4% -$263K
FTV icon
280
Fortive
FTV
$18.6B
$5.69M 0.05%
133,393
-11,893
-8% -$559K
DFS
281
DELISTED
Discover Financial Services
DFS
$5.67M 0.05%
96,143
-6,000
-6% -$414K
CCL icon
282
Carnival Corporation Ltd
CCL
$39.7B
$5.65M 0.05%
114,660
-5,500
-5% -$315K
PH icon
283
Parker-Hannifin
PH
$135B
$5.65M 0.05%
37,895
-1,500
-4% -$243K
CMI icon
284
Cummins
CMI
$88.7B
$5.65M 0.05%
42,264
-2,500
-6% -$353K
WTW icon
285
Willis Towers Watson
WTW
$32B
$5.65M 0.05%
37,178
-1,800
-5% -$269K
CLX icon
286
Clorox
CLX
$12.7B
$5.64M 0.05%
36,570
-1,600
-4% -$249K
MNST icon
287
Monster Beverage
MNST
$88.5B
$5.61M 0.05%
227,984
-9,000
-4% -$244K
UAL icon
288
United Airlines
UAL
$42.1B
$5.49M 0.05%
65,544
-2,700
-4% -$237K
MSI icon
289
Motorola Solutions
MSI
$77.4B
$5.39M 0.05%
46,823
-1,500
-3% -$186K
HPE icon
290
Hewlett Packard
HPE
$70.5B
$5.38M 0.05%
407,397
-31,100
-7% -$466K
O icon
291
Realty Income
O
$59.1B
$5.33M 0.05%
87,229
-1,961
-2% -$117K
EIX icon
292
Edison International
EIX
$26.4B
$5.3M 0.05%
93,284
-3,800
-4% -$236K
NTRS icon
293
Northern Trust
NTRS
$33.9B
$5.3M 0.05%
63,354
-3,200
-5% -$300K
NEM icon
294
Newmont
NEM
$119B
$5.28M 0.05%
152,455
-6,500
-4% -$211K
IQV icon
295
IQVIA
IQV
$39.3B
$5.27M 0.05%
45,400
-2,900
-6% -$351K
SBAC icon
296
SBA Communications
SBAC
$19.5B
$5.25M 0.05%
32,400
-1,800
-5% -$293K
FE icon
297
FirstEnergy
FE
$27.5B
$5.22M 0.05%
139,153
-5,700
-4% -$216K
ROK icon
298
Rockwell Automation
ROK
$49B
$5.21M 0.05%
34,590
-2,100
-6% -$350K
SWK icon
299
Stanley Black & Decker
SWK
$15.7B
$5.18M 0.05%
43,248
-171,000
-80% -$21.3M
VRSK icon
300
Verisk Analytics
VRSK
$25B
$5.14M 0.05%
47,116
-2,000
-4% -$234K
10 11
12
13 14

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.