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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
MTB icon
326
M&T Bank
MTB
$36.3B
$3.12M 0.03%
30,170
-1,700
-5% -$250K
TFX icon
327
Teleflex
TFX
$5.89B
$3.11M 0.03%
10,630
-600
-5% -$209K
TTWO icon
328
Take-Two Interactive
TTWO
$47.4B
$3.08M 0.03%
26,000
-1,400
-5% -$165K
EARN
329
Ellington Residential Mortgage REIT
EARN
$164M
$3.07M 0.03%
580,000
– –
CDW icon
330
CDW
CDW
$17.1B
$3.07M 0.03%
32,900
-1,800
-5% -$220K
MPWR icon
331
Monolithic Power Systems
MPWR
$67.9B
$3.06M 0.03%
18,281
+3,300
+22% +$565K
BXP icon
332
Boston Properties
BXP
$10.8B
$3.04M 0.03%
32,928
-1,800
-5% -$232K
AMCR icon
333
Amcor
AMCR
$21.8B
$3.02M 0.03%
74,280
-4,080
-5% -$195K
MXIM
334
DELISTED
Maxim Integrated Products
MXIM
$3.01M 0.03%
62,000
-3,400
-5% -$195K
TDY icon
335
Teledyne Technologies
TDY
$32B
$3M 0.03%
10,100
-600
-6% -$206K
INCY icon
336
Incyte
INCY
$24.6B
$3M 0.03%
40,900
-2,300
-5% -$174K
BBY icon
337
Best Buy
BBY
$17.4B
$2.98M 0.03%
52,204
-2,900
-5% -$230K
AMP icon
338
Ameriprise Financial
AMP
$49.2B
$2.97M 0.03%
29,016
-1,600
-5% -$237K
HRL icon
339
Hormel Foods
HRL
$13.6B
$2.97M 0.03%
63,720
-3,500
-5% -$159K
LYB icon
340
LyondellBasell Industries
LYB
$20.2B
$2.92M 0.03%
58,904
-3,200
-5% -$235K
HIG icon
341
Hartford Financial Services
HIG
$38.7B
$2.91M 0.03%
82,675
-4,500
-5% -$234K
CBRE icon
342
CBRE Group
CBRE
$41.7B
$2.89M 0.03%
76,732
-4,200
-5% -$232K
WY icon
343
Weyerhaeuser
WY
$18.2B
$2.89M 0.03%
170,761
-9,400
-5% -$247K
MKTX icon
344
MarketAxess Holdings
MKTX
$5.72B
$2.89M 0.03%
8,700
-500
-5% -$174K
KSU
345
DELISTED
Kansas City Southern
KSU
$2.89M 0.03%
22,712
-1,300
-5% -$198K
APTV icon
346
Aptiv
APTV
$10.3B
$2.88M 0.03%
58,522
-3,200
-5% -$251K
HPE icon
347
Hewlett Packard
HPE
$72.4B
$2.88M 0.03%
296,697
-16,300
-5% -$214K
ODFL icon
348
Old Dominion Freight Line
ODFL
$44.1B
$2.88M 0.03%
43,800
-2,400
-5% -$159K
EVRG icon
349
Evergy
EVRG
$18.9B
$2.87M 0.03%
52,200
-2,900
-5% -$191K
ALGN icon
350
Align Technology
ALGN
$12.5B
$2.85M 0.03%
16,400
-900
-5% -$216K
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
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.