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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
DFS
376
DELISTED
Discover Financial Services
DFS
$2.56M 0.03%
71,843
-4,000
-5% -$265K
TER icon
377
Teradyne
TER
$57.1B
$2.52M 0.03%
46,500
-2,800
-6% -$178K
ANET icon
378
Arista Networks
ANET
$242B
$2.51M 0.03%
198,400
-11,200
-5% -$145K
IFF icon
379
International Flavors & Fragrances
IFF
$21.7B
$2.5M 0.03%
24,542
-1,300
-5% -$162K
NUE icon
380
Nucor
NUE
$62.5B
$2.5M 0.03%
69,511
-3,800
-5% -$169K
NDAQ icon
381
Nasdaq
NDAQ
$53.4B
$2.5M 0.03%
78,933
-4,200
-5% -$149K
BR icon
382
Broadridge
BR
$19.8B
$2.49M 0.03%
26,300
-1,400
-5% -$160K
GWW icon
383
W.W. Grainger
GWW
$61.1B
$2.49M 0.03%
10,007
-500
-5% -$148K
GRMN
384
Garmin
GRMN
$60.4B
$2.49M 0.03%
33,162
-1,800
-5% -$163K
MPT
385
Medical Properties Trust
MPT
$2.48B
$2.48M 0.03%
143,600
-8,700
-6% -$182K
CABO icon
386
Cable One
CABO
$203M
$2.47M 0.03%
1,500
– –
J icon
387
Jacobs Solutions
J
$17.2B
$2.47M 0.03%
37,612
-2,056
-5% -$155K
FICO icon
388
Fair Isaac
FICO
$22.7B
$2.46M 0.03%
8,000
-500
-6% -$184K
GEN icon
389
Gen Digital
GEN
$17.5B
$2.46M 0.03%
131,429
-7,200
-5% -$156K
UDR icon
390
UDR
UDR
$12.1B
$2.46M 0.03%
67,204
-3,700
-5% -$167K
LEN icon
391
Lennar Class A
LEN
$20.6B
$2.45M 0.03%
66,275
-3,616
-5% -$205K
WTRG icon
392
Essential Utilities
WTRG
$11.3B
$2.44M 0.03%
59,916
-3,600
-6% -$170K
MOH icon
393
Molina Healthcare
MOH
$10.4B
$2.43M 0.03%
17,400
-1,100
-6% -$147K
FITB
394
Fifth Third Bancorp
FITB
$51.8B
$2.42M 0.03%
162,649
-9,000
-5% -$224K
MASI
395
DELISTED
Masimo
MASI
$2.41M 0.03%
13,600
-800
-6% -$137K
IEX icon
396
IDEX
IEX
$17.2B
$2.4M 0.03%
17,400
-1,000
-5% -$157K
CY
397
DELISTED
Cypress Semiconductor
CY
$2.39M 0.03%
102,500
-6,200
-6% -$142K
OXY icon
398
Occidental Petroleum
OXY
$58.6B
$2.37M 0.03%
204,730
-11,300
-5% -$371K
BRO icon
399
Brown & Brown
BRO
$24B
$2.35M 0.03%
64,900
-3,900
-6% -$165K
KEY icon
400
KeyCorp
KEY
$24.3B
$2.34M 0.03%
225,827
-12,400
-5% -$206K
14 15
16
17 18

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.