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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
EXR icon
351
Extra Space Storage
EXR
$30.9B
$2.85M 0.03%
29,748
-1,600
-5% -$167K
WDC icon
352
Western Digital
WDC
$151B
$2.84M 0.03%
90,161
-5,028
-5% -$223K
LH icon
353
Labcorp
LH
$26.1B
$2.82M 0.03%
25,954
-1,397
-5% -$201K
IP icon
354
International Paper
IP
$22.1B
$2.8M 0.03%
95,011
-5,175
-5% -$192K
DOV icon
355
Dover
DOV
$28.5B
$2.8M 0.03%
33,362
-1,800
-5% -$191K
LDOS icon
356
Leidos
LDOS
$17.9B
$2.79M 0.03%
30,448
-1,700
-5% -$172K
FDS icon
357
Factset
FDS
$10.1B
$2.76M 0.03%
10,600
-600
-5% -$163K
JKHY icon
358
Jack Henry & Associates
JKHY
$11.1B
$2.74M 0.03%
17,650
-1,000
-5% -$155K
OMC icon
359
Omnicom Group
OMC
$23.3B
$2.74M 0.03%
49,918
-2,700
-5% -$192K
DRE
360
DELISTED
Duke Realty Corp.
DRE
$2.73M 0.03%
84,300
-4,600
-5% -$158K
ATO icon
361
Atmos Energy
ATO
$28.3B
$2.72M 0.03%
27,400
-1,500
-5% -$165K
STE icon
362
Steris
STE
$23.4B
$2.71M 0.03%
19,400
-1,100
-5% -$165K
MLM icon
363
Martin Marietta Materials
MLM
$33.2B
$2.71M 0.03%
14,312
-800
-5% -$191K
DOC icon
364
Healthpeak Properties
DOC
$14.2B
$2.71M 0.03%
113,467
-6,200
-5% -$202K
MAA icon
365
Mid-America Apartment Communities
MAA
$15.3B
$2.7M 0.03%
26,201
-1,400
-5% -$182K
WAT icon
366
Waters Corp
WAT
$40.5B
$2.69M 0.03%
14,796
-800
-5% -$169K
XYL icon
367
Xylem
XYL
$28.6B
$2.69M 0.03%
41,272
-2,300
-5% -$181K
PXD
368
DELISTED
Pioneer Natural Resource Co.
PXD
$2.67M 0.03%
38,002
-2,100
-5% -$250K
LNT icon
369
Alliant Energy
LNT
$17.6B
$2.66M 0.03%
55,156
-3,000
-5% -$164K
G icon
370
Genpact
G
$5.75B
$2.63M 0.03%
90,000
– –
CINF icon
371
Cincinnati Financial
CINF
$26.5B
$2.63M 0.03%
34,821
-1,900
-5% -$189K
KNTK icon
372
Kinetik
KNTK
$4.2B
$2.63M 0.03%
350,000
– –
DHI icon
373
D.R. Horton
DHI
$41.7B
$2.61M 0.03%
76,860
-4,200
-5% -$218K
EXPD icon
374
Expeditors International
EXPD
$23.1B
$2.61M 0.03%
39,099
-2,100
-5% -$150K
STX icon
375
Seagate
STX
$183B
$2.59M 0.03%
53,040
-2,900
-5% -$155K
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
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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.