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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
UAL icon
326
United Airlines
UAL
$42.1B
$5.15M 0.04%
64,544
-1,000
-2% -$84.4K
NUE icon
327
Nucor
NUE
$62.1B
$5.13M 0.04%
88,011
-1,900
-2% -$111K
CDNS icon
328
Cadence Design Systems
CDNS
$93.4B
$5.13M 0.04%
80,800
– –
WEX icon
329
WEX
WEX
$6.31B
$5.11M 0.04%
26,600
– –
CHD icon
330
Church & Dwight Co
CHD
$24.5B
$5.04M 0.04%
70,824
+300
+0.4% +$19.7K
CMG icon
331
Chipotle Mexican Grill
CMG
$41.5B
$5M 0.04%
352,000
– –
AMP icon
332
Ameriprise Financial
AMP
$48.8B
$5M 0.04%
39,016
-900
-2% -$112K
RSG icon
333
Republic Services
RSG
$65.7B
$4.99M 0.04%
62,100
-200
-0.3% -$15.4K
SNPS icon
334
Synopsys
SNPS
$79.7B
$4.96M 0.04%
43,100
+400
+0.9% +$39.6K
NTAP icon
335
NetApp
NTAP
$37.2B
$4.94M 0.04%
71,191
-900
-1% -$58.1K
MSCI icon
336
MSCI
MSCI
$40.9B
$4.83M 0.04%
24,300
-900
-4% -$157K
FRC
337
DELISTED
First Republic Bank
FRC
$4.77M 0.04%
+47,500
New +$4.68M
ANET icon
338
Arista Networks
ANET
$238B
$4.75M 0.04%
241,600
+3,200
+1% +$50.8K
LLL
339
DELISTED
L3 Technologies, Inc.
LLL
$4.72M 0.04%
22,896
+400
+2% +$79.2K
KEYS icon
340
Keysight
KEYS
$58.3B
$4.72M 0.04%
54,100
+400
+0.7% +$31K
LEVI icon
341
Levi Strauss
LEVI
$9.39B
$4.71M 0.04%
+200,000
New +$4.48M
GPC icon
342
Genuine Parts
GPC
$18.7B
$4.71M 0.04%
42,032
– –
OMC icon
343
Omnicom Group
OMC
$23.4B
$4.7M 0.04%
64,418
+300
+0.5% +$22.5K
ARE icon
344
Alexandria Real Estate Equities
ARE
$8.56B
$4.63M 0.04%
32,500
+1,700
+6% +$224K
HSY icon
345
Hershey
HSY
$36.6B
$4.6M 0.04%
40,082
-100
-0.2% -$10.9K
KEY icon
346
KeyCorp
KEY
$24.4B
$4.58M 0.04%
290,727
-5,500
-2% -$91.7K
CMS icon
347
CMS Energy
CMS
$22.3B
$4.53M 0.04%
81,635
+500
+0.6% +$26.4K
FANG icon
348
Diamondback Energy
FANG
$52.7B
$4.52M 0.04%
44,546
+400
+0.9% +$41K
VMC icon
349
Vulcan Materials
VMC
$36.9B
$4.5M 0.04%
38,010
+200
+0.5% +$21.6K
CNP icon
350
CenterPoint Energy
CNP
$26.8B
$4.43M 0.04%
144,462
+1,000
+0.7% +$30.2K
12 13
14
15 16

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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.