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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
WELL icon
276
Welltower
WELL
$169B
$4.26M 0.05%
93,009
-5,100
-5% -$376K
CDNS icon
277
Cadence Design Systems
CDNS
$91.4B
$4.25M 0.05%
64,400
-3,500
-5% -$243K
DTE icon
278
DTE Energy
DTE
$28.5B
$4.18M 0.05%
51,727
-2,820
-5% -$286K
AEE icon
279
Ameren
AEE
$29.6B
$4.11M 0.05%
56,422
-3,100
-5% -$246K
FAST icon
280
Fastenal
FAST
$59.8B
$4.11M 0.05%
262,944
-14,400
-5% -$254K
VFC icon
281
VF Corp
VFC
$5.86B
$4.06M 0.04%
75,128
-4,100
-5% -$320K
CTVA icon
282
Corteva
CTVA
$51B
$4.03M 0.04%
171,611
-9,400
-5% -$258K
ROK icon
283
Rockwell Automation
ROK
$48.3B
$4M 0.04%
26,490
-1,500
-5% -$278K
MKC icon
284
McCormick & Company Non-Voting
MKC
$14.3B
$3.99M 0.04%
56,536
-3,200
-5% -$248K
DLTR icon
285
Dollar Tree
DLTR
$24.9B
$3.98M 0.04%
54,210
-3,000
-5% -$255K
WMB icon
286
Williams Companies
WMB
$87.9B
$3.93M 0.04%
277,786
-15,300
-5% -$296K
TSN icon
287
Tyson Foods
TSN
$20.1B
$3.92M 0.04%
67,736
-3,700
-5% -$276K
O icon
288
Realty Income
O
$58.6B
$3.92M 0.04%
81,037
-309
-0.4% -$21.5K
LUV icon
289
Southwest Airlines
LUV
$22B
$3.87M 0.04%
108,584
-6,000
-5% -$297K
ARE icon
290
Alexandria Real Estate Equities
ARE
$8.32B
$3.85M 0.04%
28,100
+300
+1% +$47K
PH icon
291
Parker-Hannifin
PH
$134B
$3.83M 0.04%
29,495
-1,600
-5% -$290K
MTD icon
292
Mettler-Toledo International
MTD
$28.6B
$3.83M 0.04%
5,540
-300
-5% -$224K
CMG icon
293
Chipotle Mexican Grill
CMG
$40.7B
$3.82M 0.04%
292,000
-15,000
-5% -$237K
CMS icon
294
CMS Energy
CMS
$21.7B
$3.82M 0.04%
65,035
-3,600
-5% -$230K
AME icon
295
Ametek
AME
$58B
$3.77M 0.04%
52,384
-2,900
-5% -$262K
DAL icon
296
Delta Air Lines
DAL
$58.7B
$3.76M 0.04%
131,932
-7,300
-5% -$362K
CTXS
297
DELISTED
Citrix Systems Inc
CTXS
$3.75M 0.04%
26,474
-3,100
-10% -$370K
FTV icon
298
Fortive
FTV
$18.6B
$3.74M 0.04%
107,386
-5,868
-5% -$256K
MCHP icon
299
Microchip Technology
MCHP
$44.2B
$3.71M 0.04%
109,544
-6,000
-5% -$282K
NTRS icon
300
Northern Trust
NTRS
$34.4B
$3.66M 0.04%
48,554
-2,700
-5% -$248K
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
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.