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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
KLAC icon
301
KLA
KLAC
$259B
$5.68M 0.05%
475,770
+38,000
+9% +$409K
RCL icon
302
Royal Caribbean
RCL
$85.6B
$5.67M 0.05%
49,472
-179,200
-78% -$20.4M
WY icon
303
Weyerhaeuser
WY
$18.4B
$5.67M 0.05%
215,161
+700
+0.3% +$17.6K
MCHP icon
304
Microchip Technology
MCHP
$46B
$5.66M 0.05%
136,544
-198,800
-59% -$8.24M
KR icon
305
Kroger
KR
$34.8B
$5.66M 0.05%
229,876
+1,400
+0.6% +$38.4K
FITB
306
Fifth Third Bancorp
FITB
$51.8B
$5.59M 0.04%
221,849
+34,145
+18% +$910K
BALL icon
307
Ball Corp
BALL
$16.8B
$5.58M 0.04%
96,352
-800
-0.8% -$42.6K
IDXX icon
308
Idexx Laboratories
IDXX
$46.2B
$5.54M 0.04%
24,800
+100
+0.4% +$20.6K
VRSN icon
309
VeriSign
VRSN
$26.6B
$5.51M 0.04%
30,357
-100
-0.3% -$17.2K
NEM icon
310
Newmont
NEM
$119B
$5.49M 0.04%
153,455
+1,000
+0.7% +$33.9K
ESS icon
311
Essex Property Trust
ESS
$18.5B
$5.47M 0.04%
18,902
– –
AWK icon
312
American Water Works
AWK
$26.9B
$5.43M 0.04%
52,128
+400
+0.8% +$39.2K
AME icon
313
Ametek
AME
$58.2B
$5.43M 0.04%
65,484
-1,000
-2% -$76K
LHX icon
314
L3Harris
LHX
$53.4B
$5.42M 0.04%
33,957
+300
+0.9% +$46.2K
FCX icon
315
Freeport-McMoran
FCX
$97.5B
$5.38M 0.04%
417,623
+2,800
+0.7% +$33.9K
CERN
316
DELISTED
Cerner Corp
CERN
$5.35M 0.04%
93,468
-900
-1% -$50.1K
IP icon
317
International Paper
IP
$22B
$5.34M 0.04%
121,834
-633
-0.5% -$27.4K
MKC icon
318
McCormick & Company Non-Voting
MKC
$14.2B
$5.33M 0.04%
70,736
-137,000
-66% -$9.24M
FAST icon
319
Fastenal
FAST
$59.5B
$5.3M 0.04%
329,744
+1,200
+0.4% +$18.1K
ETR icon
320
Entergy
ETR
$50B
$5.22M 0.04%
109,230
+5,600
+5% +$253K
LAMR icon
321
Lamar Advertising Co
LAMR
$16.3B
$5.19M 0.04%
65,500
+100
+0.2% +$7.56K
AEE icon
322
Ameren
AEE
$30.1B
$5.19M 0.04%
70,522
+600
+0.9% +$41.8K
WAT icon
323
Waters Corp
WAT
$39.9B
$5.18M 0.04%
20,596
-1,100
-5% -$251K
MTD icon
324
Mettler-Toledo International
MTD
$28.6B
$5.16M 0.04%
7,140
– –
HIG icon
325
Hartford Financial Services
HIG
$39.3B
$5.15M 0.04%
103,575
+900
+0.9% +$42.7K
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 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.