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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
IFF icon
351
International Flavors & Fragrances
IFF
$21.9B
$3.9M 0.04%
29,042
+1,800
+7% +$249K
AJG icon
352
Arthur J. Gallagher & Co
AJG
$63.6B
$3.87M 0.03%
52,552
-1,900
-3% -$142K
ATO icon
353
Atmos Energy
ATO
$28.8B
$3.87M 0.03%
41,700
+600
+1% +$57.3K
DOC icon
354
Healthpeak Properties
DOC
$14.8B
$3.82M 0.03%
136,667
-3,300
-2% -$91.3K
EXPE icon
355
Expedia Group
EXPE
$37.3B
$3.82M 0.03%
33,884
-1,500
-4% -$179K
AAL icon
356
American Airlines Group
AAL
$10.6B
$3.77M 0.03%
117,356
-4,800
-4% -$167K
CTXS
357
DELISTED
Citrix Systems Inc
CTXS
$3.76M 0.03%
36,674
-1,700
-4% -$180K
VMC icon
358
Vulcan Materials
VMC
$36.9B
$3.74M 0.03%
37,810
-1,600
-4% -$162K
WEX icon
359
WEX
WEX
$6.31B
$3.73M 0.03%
26,600
-500
-2% -$82.3K
MSCI icon
360
MSCI
MSCI
$40.9B
$3.71M 0.03%
25,200
-1,300
-5% -$198K
GWW icon
361
W.W. Grainger
GWW
$60.2B
$3.7M 0.03%
13,107
-400
-3% -$119K
DPZ icon
362
Domino's
DPZ
$11.6B
$3.67M 0.03%
14,800
-700
-5% -$184K
LH icon
363
Labcorp
LH
$25.9B
$3.65M 0.03%
33,636
-1,746
-5% -$234K
HBAN icon
364
Huntington Bancshares
HBAN
$35.5B
$3.62M 0.03%
303,938
-25,100
-8% -$348K
L icon
365
Loews
L
$23.6B
$3.6M 0.03%
79,185
-3,700
-4% -$174K
SNPS icon
366
Synopsys
SNPS
$79.7B
$3.6M 0.03%
42,700
-1,600
-4% -$142K
COO icon
367
Cooper Companies
COO
$14.5B
$3.57M 0.03%
56,112
-2,400
-4% -$155K
DRI icon
368
Darden Restaurants
DRI
$24.4B
$3.55M 0.03%
35,553
-1,400
-4% -$150K
ARE icon
369
Alexandria Real Estate Equities
ARE
$8.56B
$3.55M 0.03%
30,800
-700
-2% -$85.4K
HST icon
370
Host Hotels & Resorts
HST
$16B
$3.54M 0.03%
212,500
-8,500
-4% -$159K
PCG icon
371
PG&E
PCG
$38.5B
$3.53M 0.03%
148,529
-5,600
-4% -$200K
CDNS icon
372
Cadence Design Systems
CDNS
$93.4B
$3.51M 0.03%
80,800
-3,500
-4% -$152K
MGM icon
373
MGM Resorts International
MGM
$11.2B
$3.48M 0.03%
143,400
-8,900
-6% -$232K
GEN icon
374
Gen Digital
GEN
$17.5B
$3.46M 0.03%
182,929
-2,300
-1% -$47.5K
IEX icon
375
IDEX
IEX
$17.3B
$3.45M 0.03%
27,300
-1,100
-4% -$147K
13 14
15
16 17

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.