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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
WDC icon
376
Western Digital
WDC
$150B
$4.03M 0.03%
110,932
+1,323
+1% +$45.3K
BKR icon
377
Baker Hughes
BKR
$61.1B
$4.01M 0.03%
144,701
– –
EXPE icon
378
Expedia Group
EXPE
$37.3B
$4.01M 0.03%
33,684
-200
-0.6% -$24.3K
TFX icon
379
Teleflex
TFX
$5.98B
$4M 0.03%
13,230
-3,200
-19% -$892K
DVN icon
380
Devon Energy
DVN
$47.3B
$3.98M 0.03%
126,263
-7,800
-6% -$218K
MRO
381
DELISTED
Marathon Oil Corporation
MRO
$3.94M 0.03%
235,840
-2,200
-0.9% -$35.9K
IT icon
382
Gartner
IT
$11.7B
$3.93M 0.03%
25,899
-100
-0.4% -$13.9K
DOV icon
383
Dover
DOV
$28.4B
$3.92M 0.03%
41,762
-100
-0.2% -$8.64K
GWW icon
384
W.W. Grainger
GWW
$60.2B
$3.91M 0.03%
13,007
-100
-0.8% -$29.7K
WCG
385
DELISTED
Wellcare Health Plans, Inc.
WCG
$3.88M 0.03%
14,400
+100
+0.7% +$25.8K
CAG icon
386
Conagra Brands
CAG
$7.23B
$3.88M 0.03%
139,971
+900
+0.6% +$20.6K
STE icon
387
Steris
STE
$23.1B
$3.87M 0.03%
30,200
+100
+0.3% +$11.8K
HBAN icon
388
Huntington Bancshares
HBAN
$35.5B
$3.83M 0.03%
301,638
-2,300
-0.8% -$30.9K
SJM icon
389
J.M. Smucker
SJM
$12.8B
$3.82M 0.03%
32,800
+200
+0.6% +$20.9K
L icon
390
Loews
L
$23.6B
$3.79M 0.03%
78,985
-200
-0.3% -$9.44K
MGM icon
391
MGM Resorts International
MGM
$11.2B
$3.77M 0.03%
147,000
+3,600
+3% +$98.7K
DPZ icon
392
Domino's
DPZ
$11.6B
$3.77M 0.03%
14,600
-200
-1% -$52K
IFF icon
393
International Flavors & Fragrances
IFF
$21.9B
$3.77M 0.03%
29,242
+200
+0.7% +$26.5K
EXPD icon
394
Expeditors International
EXPD
$23.2B
$3.76M 0.03%
49,499
+100
+0.2% +$7.22K
APA icon
395
APA Corp
APA
$13.2B
$3.75M 0.03%
108,194
-500
-0.5% -$16.3K
CINF icon
396
Cincinnati Financial
CINF
$27.1B
$3.75M 0.03%
43,621
+300
+0.7% +$24.8K
PFG icon
397
Principal Financial Group
PFG
$24.3B
$3.74M 0.03%
74,579
-800
-1% -$39.6K
EXR icon
398
Extra Space Storage
EXR
$31.6B
$3.73M 0.03%
36,648
+400
+1% +$38.4K
HOLX
399
DELISTED
Hologic
HOLX
$3.73M 0.03%
77,160
– –
ULTI
400
DELISTED
Ultimate Software Group Inc
ULTI
$3.73M 0.03%
11,300
+200
+2% +$61.3K
14 15
16
17 18

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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
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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.