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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
HES
351
DELISTED
Hess
HES
$4.42M 0.04%
73,405
+2,200
+3% +$121K
INCY icon
352
Incyte
INCY
$24.4B
$4.4M 0.04%
51,200
+600
+1% +$48.8K
ANSS
353
DELISTED
Ansys
ANSS
$4.4M 0.04%
24,100
+200
+0.8% +$33.8K
LH icon
354
Labcorp
LH
$25.9B
$4.34M 0.03%
33,054
-582
-2% -$71.7K
DRI icon
355
Darden Restaurants
DRI
$24.4B
$4.32M 0.03%
35,553
– –
CFG icon
356
Citizens Financial Group
CFG
$30.6B
$4.31M 0.03%
132,700
-1,300
-1% -$45K
DOC icon
357
Healthpeak Properties
DOC
$14.8B
$4.31M 0.03%
137,667
+1,000
+0.7% +$30.5K
RMD icon
358
ResMed
RMD
$30.7B
$4.29M 0.03%
41,300
+500
+1% +$51.6K
EVRG icon
359
Evergy
EVRG
$19.2B
$4.26M 0.03%
73,400
-2,000
-3% -$114K
GEN icon
360
Gen Digital
GEN
$17.5B
$4.24M 0.03%
184,229
+1,300
+0.7% +$28.3K
COO icon
361
Cooper Companies
COO
$14.5B
$4.21M 0.03%
56,912
+800
+1% +$55.8K
VTRS icon
362
Viatris
VTRS
$18.9B
$4.21M 0.03%
148,609
+1,000
+0.7% +$29.2K
MVIS icon
363
Microvision
MVIS
$78.9M
$4.19M 0.03%
288,413
– –
MXIM
364
DELISTED
Maxim Integrated Products
MXIM
$4.19M 0.03%
78,800
-500
-0.6% -$26.9K
K
365
DELISTED
Kellanova
K
$4.15M 0.03%
77,096
-107
-0.1% -$5.71K
RF icon
366
Regions Financial
RF
$26.8B
$4.15M 0.03%
293,270
-2,700
-0.9% -$41.4K
AJG icon
367
Arthur J. Gallagher & Co
AJG
$63.6B
$4.14M 0.03%
53,052
+500
+1% +$38.5K
SWKS icon
368
Skyworks Solutions
SWKS
$10.6B
$4.14M 0.03%
50,208
-600
-1% -$46.3K
CAH icon
369
Cardinal Health
CAH
$55.4B
$4.14M 0.03%
85,915
-427,800
-83% -$21.4M
EFX icon
370
Equifax
EFX
$21.4B
$4.12M 0.03%
34,746
+200
+0.6% +$21.4K
IEX icon
371
IDEX
IEX
$17.3B
$4.1M 0.03%
27,000
-300
-1% -$42.4K
XYL icon
372
Xylem
XYL
$28.1B
$4.09M 0.03%
51,772
+300
+0.6% +$21.9K
DHI icon
373
D.R. Horton
DHI
$42.3B
$4.05M 0.03%
97,960
-100
-0.1% -$3.92K
LEN icon
374
Lennar Class A
LEN
$21.2B
$4.04M 0.03%
85,076
-1,446
-2% -$65.4K
HST icon
375
Host Hotels & Resorts
HST
$16B
$4.03M 0.03%
213,400
+900
+0.4% +$16.6K
13 14
15
16 17

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FAM
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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)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.