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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
-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
FITB
326
Fifth Third Bancorp
FITB
$51.8B
$4.42M 0.04%
187,704
-10,800
-5% -$284K
KEY icon
327
KeyCorp
KEY
$24.4B
$4.38M 0.04%
296,227
-17,300
-6% -$304K
ALGN icon
328
Align Technology
ALGN
$12.3B
$4.36M 0.04%
20,800
-1,000
-5% -$253K
HSY icon
329
Hershey
HSY
$36.6B
$4.31M 0.04%
40,182
-1,500
-4% -$159K
NTAP icon
330
NetApp
NTAP
$37.2B
$4.3M 0.04%
72,091
-5,200
-7% -$374K
FAST icon
331
Fastenal
FAST
$59.5B
$4.29M 0.04%
328,544
-13,600
-4% -$184K
EVRG icon
332
Evergy
EVRG
$19.2B
$4.28M 0.04%
75,400
-5,600
-7% -$323K
FCX icon
333
Freeport-McMoran
FCX
$97.5B
$4.28M 0.04%
414,823
-16,900
-4% -$197K
TFX icon
334
Teleflex
TFX
$5.98B
$4.25M 0.04%
16,430
-500
-3% -$127K
AMP icon
335
Ameriprise Financial
AMP
$48.8B
$4.17M 0.04%
39,916
-2,400
-6% -$301K
K
336
DELISTED
Kellanova
K
$4.13M 0.04%
77,203
-3,088
-4% -$186K
LUMN icon
337
Lumen
LUMN
$6.44B
$4.13M 0.04%
272,276
-10,900
-4% -$208K
WAT icon
338
Waters Corp
WAT
$39.9B
$4.09M 0.04%
21,696
-1,300
-6% -$247K
FANG icon
339
Diamondback Energy
FANG
$52.7B
$4.09M 0.04%
+44,146
New +$4.93M
CNP icon
340
CenterPoint Energy
CNP
$26.8B
$4.05M 0.04%
143,462
-3,100
-2% -$86.5K
VTRS icon
341
Viatris
VTRS
$18.9B
$4.04M 0.04%
147,609
-6,000
-4% -$194K
MTD icon
342
Mettler-Toledo International
MTD
$28.6B
$4.04M 0.04%
7,140
-400
-5% -$232K
GPC icon
343
Genuine Parts
GPC
$18.7B
$4.04M 0.04%
42,032
-1,700
-4% -$168K
MXIM
344
DELISTED
Maxim Integrated Products
MXIM
$4.03M 0.04%
+79,300
New +$4.14M
CMS icon
345
CMS Energy
CMS
$22.3B
$4.03M 0.04%
81,135
-3,300
-4% -$167K
CFG icon
346
Citizens Financial Group
CFG
$30.6B
$3.98M 0.04%
134,000
-7,800
-6% -$273K
RF icon
347
Regions Financial
RF
$26.8B
$3.96M 0.04%
295,970
-32,500
-10% -$522K
ULTA icon
348
Ulta Beauty
ULTA
$24.3B
$3.94M 0.04%
16,084
-800
-5% -$221K
KLAC icon
349
KLA
KLAC
$259B
$3.92M 0.04%
437,770
-27,000
-6% -$251K
LLL
350
DELISTED
L3 Technologies, Inc.
LLL
$3.91M 0.04%
22,496
-800
-3% -$154K
12 13
14
15 16

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.