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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
SBAC icon
276
SBA Communications
SBAC
$19.5B
$6.47M 0.05%
32,400
– –
MCK icon
277
McKesson
MCK
$101B
$6.47M 0.05%
55,233
-265,900
-83% -$32.8M
O icon
278
Realty Income
O
$59.1B
$6.44M 0.05%
90,325
+3,096
+4% +$205K
CXO
279
DELISTED
CONCHO RESOURCES INC.
CXO
$6.42M 0.05%
57,832
+500
+0.9% +$56.5K
PH icon
280
Parker-Hannifin
PH
$135B
$6.4M 0.05%
37,295
-600
-2% -$99.5K
TDG icon
281
TransDigm Group
TDG
$67.7B
$6.36M 0.05%
14,004
+100
+0.7% +$40.6K
CNC icon
282
Centene
CNC
$32.5B
$6.32M 0.05%
119,048
+1,400
+1% +$85K
MTB icon
283
M&T Bank
MTB
$36.2B
$6.28M 0.05%
39,970
-200
-0.5% -$32.8K
VRSK icon
284
Verisk Analytics
VRSK
$25B
$6.27M 0.05%
47,116
– –
MNST icon
285
Monster Beverage
MNST
$88.5B
$6.15M 0.05%
225,384
-2,600
-1% -$74.1K
HPE icon
286
Hewlett Packard
HPE
$70.5B
$6.12M 0.05%
396,797
-10,600
-3% -$163K
ROK icon
287
Rockwell Automation
ROK
$49B
$6.05M 0.05%
34,490
-100
-0.3% -$17K
FE icon
288
FirstEnergy
FE
$27.5B
$6.04M 0.05%
145,153
+6,000
+4% +$238K
SYF icon
289
Synchrony
SYF
$25.6B
$6M 0.05%
188,210
-1,100
-0.6% -$33.1K
ALGN icon
290
Align Technology
ALGN
$12.3B
$5.97M 0.05%
21,000
+200
+1% +$47.7K
BXP icon
291
Boston Properties
BXP
$11.1B
$5.96M 0.05%
44,528
+300
+0.7% +$38.5K
SWK icon
292
Stanley Black & Decker
SWK
$15.7B
$5.94M 0.05%
43,648
+400
+0.9% +$52.2K
CLX icon
293
Clorox
CLX
$12.7B
$5.93M 0.05%
36,970
+400
+1% +$62.1K
TSN icon
294
Tyson Foods
TSN
$20.4B
$5.91M 0.05%
85,136
+600
+0.7% +$37.1K
KHC icon
295
Kraft Heinz
KHC
$30B
$5.85M 0.05%
179,246
+1,200
+0.7% +$48.9K
CCL icon
296
Carnival Corporation Ltd
CCL
$39.7B
$5.85M 0.05%
115,360
+700
+0.6% +$38.8K
EPAM icon
297
EPAM Systems
EPAM
$5.03B
$5.82M 0.05%
+34,400
New +$5.16M
EIX icon
298
Edison International
EIX
$26.4B
$5.81M 0.05%
93,884
+600
+0.6% +$35.8K
INFO
299
DELISTED
IHS Markit Ltd. Common Shares
INFO
$5.69M 0.05%
104,700
+2,000
+2% +$105K
NTRS icon
300
Northern Trust
NTRS
$33.9B
$5.69M 0.05%
62,954
-400
-0.6% -$36.1K
10 11
12
13 14

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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.