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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
+8.49%
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
$12.1B
AUM Growth
+$1.06B
Cap. Flow
+$176M
Cap. Flow %
1.45%
Top 10 Hldgs %
21.16%
Holding
973
New
29
Increased
606
Reduced
214
Closed
26

Top Buys

Rank Stock Value
1
UGI icon
UGI
UGI
+$91.7M
2
EXC icon
Exelon
EXC
+$90.8M
3
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$86.9M
4
PINS icon
Pinterest
PINS
+$57.6M
5
TDG icon
TransDigm Group
TDG
+$43.7M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$92.3M
2
HD icon
Home Depot
HD
+$58M
3
DIS icon
Walt Disney
DIS
+$57.7M
4
HON icon
Honeywell
HON
+$53.2M
5
IBM icon
IBM
IBM
+$50.8M

Sector Composition

Rank Sector Weight
1 Technology 17.7%
2 Financials 14.22%
3 Healthcare 12.86%
4 Real Estate 10.39%
5 Industrials 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CBRE icon
326
CBRE Group
CBRE
$42.9B
$4.96M 0.04%
80,932
-890,900
-92% -$49.3M
CDW icon
327
CDW
CDW
$17B
$4.96M 0.04%
34,700
-100
-0.3% -$13.2K
CCL icon
328
Carnival Corporation Ltd
CCL
$39.7B
$4.92M 0.04%
96,860
+600
+0.6% +$26.8K
KHC icon
329
Kraft Heinz
KHC
$30B
$4.84M 0.04%
150,646
+1,100
+0.7% +$33.3K
BBY icon
330
Best Buy
BBY
$17.3B
$4.84M 0.04%
55,104
-371,000
-87% -$28.4M
ALGN icon
331
Align Technology
ALGN
$12.3B
$4.83M 0.04%
17,300
-200
-1% -$49.9K
KEY icon
332
KeyCorp
KEY
$24.4B
$4.82M 0.04%
238,227
-3,000
-1% -$56.6K
ESS icon
333
Essex Property Trust
ESS
$18.5B
$4.81M 0.04%
16,002
+200
+1% +$63.2K
VRSN icon
334
VeriSign
VRSN
$26.6B
$4.81M 0.04%
24,957
-100
-0.4% -$18.8K
FRC
335
DELISTED
First Republic Bank
FRC
$4.79M 0.04%
40,800
+400
+1% +$43.2K
BXP icon
336
Boston Properties
BXP
$11.1B
$4.79M 0.04%
34,728
+200
+0.6% +$26.9K
CDNS icon
337
Cadence Design Systems
CDNS
$93.4B
$4.71M 0.04%
67,900
+500
+0.7% +$33.5K
CLX icon
338
Clorox
CLX
$12.7B
$4.66M 0.04%
30,370
+100
+0.3% +$14.9K
UAL icon
339
United Airlines
UAL
$42.1B
$4.64M 0.04%
52,644
-500
-0.9% -$44.9K
MTD icon
340
Mettler-Toledo International
MTD
$28.6B
$4.63M 0.04%
5,840
-100
-2% -$72.2K
VMC icon
341
Vulcan Materials
VMC
$36.9B
$4.61M 0.04%
32,010
+200
+0.6% +$28.6K
FCX icon
342
Freeport-McMoran
FCX
$97.5B
$4.6M 0.04%
350,923
+2,100
+0.6% +$23.1K
AEE icon
343
Ameren
AEE
$30.1B
$4.57M 0.04%
59,522
+400
+0.7% +$30.4K
WDC icon
344
Western Digital
WDC
$150B
$4.57M 0.04%
95,189
+1,059
+1% +$44.2K
RSG icon
345
Republic Services
RSG
$65.7B
$4.56M 0.04%
50,900
– –
ICLR icon
346
Icon
ICLR
$12.7B
$4.52M 0.04%
+26,270
New +$4.05M
CPRT icon
347
Copart
CPRT
$27.5B
$4.5M 0.04%
198,000
+4,000
+2% +$85.4K
ARE icon
348
Alexandria Real Estate Equities
ARE
$8.56B
$4.49M 0.04%
27,800
+500
+2% +$78.8K
EQM
349
DELISTED
EQM Midstream Partners, LP
EQM
$4.49M 0.04%
+150,000
New +$4.17M
IP icon
350
International Paper
IP
$22B
$4.37M 0.04%
100,186
+423
+0.4% +$17.7K
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 2019 Portfolio in Review

As of Q4 2019, State of Michigan Retirement System held 973 positions worth $12.1B, up 9.6% from $11B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

State of Michigan Retirement System's Q4 2019 filing shows 29 new, 606 increased, 214 reduced and 26 closed positions. Its largest new stake was Pinterest: 2,666,569 shares worth $49.7M. The largest sale was JPMorgan Chase, an estimated $92.3M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q4 2019 buy was Pinterest: 2,666,569 shares worth $49.7M.
  • State of Michigan Retirement System added most to UGI in Q4 2019, an estimated $91.7M increase.
  • State of Michigan Retirement System's biggest Q4 2019 reduction was JPMorgan Chase, cutting an estimated $92.3M.
  • State of Michigan Retirement System fully exited Celgene Corp in Q4 2019, selling an estimated $16.9M.
  • State of Michigan Retirement System's ten largest holdings make up 21% of its $12.1B portfolio in Q4 2019.
  • State of Michigan Retirement System opened 29 new positions and closed 26 in Q4 2019.
  • State of Michigan Retirement System's portfolio value rose 9.6% quarter-over-quarter to $12.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2019, filed 24 Jan 2020.