We are live on ! Find out more
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
VVC
301
DELISTED
Vectren Corporation
VVC
$5.1M 0.05%
70,860
-1,100
-2% -$78.8K
BXP icon
302
Boston Properties
BXP
$11.1B
$4.98M 0.04%
44,228
-1,800
-4% -$218K
CERN
303
DELISTED
Cerner Corp
CERN
$4.95M 0.04%
94,368
-3,700
-4% -$215K
INFO
304
DELISTED
IHS Markit Ltd. Common Shares
INFO
$4.93M 0.04%
102,700
-3,600
-3% -$184K
TDG icon
305
TransDigm Group
TDG
$67.7B
$4.73M 0.04%
13,904
-500
-3% -$172K
OMC icon
306
Omnicom Group
OMC
$23.4B
$4.7M 0.04%
64,118
-2,700
-4% -$200K
AWK icon
307
American Water Works
AWK
$26.9B
$4.7M 0.04%
51,728
-2,100
-4% -$192K
WY icon
308
Weyerhaeuser
WY
$18.4B
$4.69M 0.04%
214,461
-11,300
-5% -$301K
IP icon
309
International Paper
IP
$22B
$4.68M 0.04%
122,467
-6,231
-5% -$262K
NUE icon
310
Nucor
NUE
$62.1B
$4.66M 0.04%
89,911
-4,400
-5% -$260K
RMD icon
311
ResMed
RMD
$30.7B
$4.65M 0.04%
40,800
-1,700
-4% -$182K
CHD icon
312
Church & Dwight Co
CHD
$24.5B
$4.64M 0.04%
70,524
-2,600
-4% -$165K
ESS icon
313
Essex Property Trust
ESS
$18.5B
$4.63M 0.04%
18,902
-800
-4% -$202K
IDXX icon
314
Idexx Laboratories
IDXX
$46.2B
$4.59M 0.04%
24,700
-156,100
-86% -$32M
HIG icon
315
Hartford Financial Services
HIG
$39.3B
$4.56M 0.04%
102,675
-4,100
-4% -$184K
AEE icon
316
Ameren
AEE
$30.1B
$4.56M 0.04%
69,922
-2,800
-4% -$187K
LHX icon
317
L3Harris
LHX
$53.4B
$4.53M 0.04%
33,657
-1,400
-4% -$212K
LAMR icon
318
Lamar Advertising Co
LAMR
$16.3B
$4.52M 0.04%
65,400
-1,000
-2% -$73.5K
VRSN icon
319
VeriSign
VRSN
$26.6B
$4.52M 0.04%
30,457
-1,500
-5% -$225K
TSN icon
320
Tyson Foods
TSN
$20.4B
$4.51M 0.04%
84,536
-3,600
-4% -$212K
AME icon
321
Ametek
AME
$58.2B
$4.5M 0.04%
66,484
-2,600
-4% -$187K
RSG icon
322
Republic Services
RSG
$65.7B
$4.49M 0.04%
62,300
-2,700
-4% -$198K
BALL icon
323
Ball Corp
BALL
$16.8B
$4.47M 0.04%
97,152
-5,300
-5% -$248K
ETR icon
324
Entergy
ETR
$50B
$4.46M 0.04%
103,630
-4,200
-4% -$179K
SYF icon
325
Synchrony
SYF
$25.6B
$4.44M 0.04%
189,310
-13,700
-7% -$371K
11 12
13
14 15

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.