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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
GLW icon
301
Corning
GLW
$136B
$3.62M 0.04%
176,269
-9,700
-5% -$253K
RSG icon
302
Republic Services
RSG
$65.7B
$3.62M 0.04%
48,200
-2,700
-5% -$244K
CHD icon
303
Church & Dwight Co
CHD
$24.5B
$3.61M 0.04%
56,224
-3,100
-5% -$220K
KHC icon
304
Kraft Heinz
KHC
$29.6B
$3.53M 0.04%
142,746
-7,900
-5% -$217K
MPC icon
305
Marathon Petroleum
MPC
$90B
$3.52M 0.04%
148,816
-8,200
-5% -$378K
SWKS icon
306
Skyworks Solutions
SWKS
$10.4B
$3.5M 0.04%
39,108
-2,100
-5% -$224K
AJG icon
307
Arthur J. Gallagher & Co
AJG
$64.7B
$3.48M 0.04%
42,752
-2,400
-5% -$230K
SWK icon
308
Stanley Black & Decker
SWK
$15.5B
$3.48M 0.04%
34,848
-1,900
-5% -$271K
DPZ icon
309
Domino's
DPZ
$11.5B
$3.47M 0.04%
10,700
-1,300
-11% -$401K
K
310
DELISTED
Kellanova
K
$3.42M 0.04%
60,802
-3,301
-5% -$202K
AKAM icon
311
Akamai
AKAM
$16.9B
$3.4M 0.04%
37,123
-2,000
-5% -$185K
ESS icon
312
Essex Property Trust
ESS
$18.2B
$3.35M 0.04%
15,202
-800
-5% -$230K
CTAS icon
313
Cintas
CTAS
$81.1B
$3.32M 0.04%
76,668
-324,400
-81% -$21.2M
EFX icon
314
Equifax
EFX
$21.3B
$3.31M 0.04%
27,746
-1,500
-5% -$218K
WNS
315
DELISTED
WNS Holdings
WNS
$3.31M 0.04%
+77,000
New +$4.93M
FTNT icon
316
Fortinet
FTNT
$120B
$3.29M 0.04%
162,500
-9,000
-5% -$193K
LVS icon
317
Las Vegas Sands
LVS
$29.4B
$3.29M 0.04%
77,400
-4,300
-5% -$260K
VMC icon
318
Vulcan Materials
VMC
$37B
$3.28M 0.04%
30,310
-1,700
-5% -$217K
CAG icon
319
Conagra Brands
CAG
$7.07B
$3.27M 0.04%
111,571
-6,100
-5% -$184K
CPRT icon
320
Copart
CPRT
$27.4B
$3.21M 0.04%
187,600
-10,400
-5% -$231K
TYL icon
321
Tyler Technologies
TYL
$13B
$3.2M 0.04%
10,800
-700
-6% -$217K
TIF
322
DELISTED
Tiffany & Co.
TIF
$3.2M 0.04%
24,734
-1,400
-5% -$184K
FRC
323
DELISTED
First Republic Bank
FRC
$3.18M 0.04%
38,700
-2,100
-5% -$222K
COO icon
324
Cooper Companies
COO
$14.9B
$3.15M 0.03%
45,712
-2,400
-5% -$195K
WST icon
325
West Pharmaceutical
WST
$24.8B
$3.12M 0.03%
20,500
-1,300
-6% -$200K
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
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.