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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
FOXA icon
401
Fox Class A
FOXA
$26.9B
$3.73M 0.03%
+101,580
New +$3.96M
VAR
402
DELISTED
Varian Medical Systems, Inc.
VAR
$3.71M 0.03%
26,154
+100
+0.4% +$13.1K
AAL icon
403
American Airlines Group
AAL
$10.6B
$3.66M 0.03%
115,156
-2,200
-2% -$73.9K
CE icon
404
Celanese
CE
$4.82B
$3.64M 0.03%
36,900
-1,400
-4% -$138K
MLM icon
405
Martin Marietta Materials
MLM
$33B
$3.62M 0.03%
18,012
+100
+0.6% +$18.7K
TRMB icon
406
Trimble
TRMB
$13.9B
$3.62M 0.03%
89,700
+200
+0.2% +$7.59K
UDR icon
407
UDR
UDR
$12.3B
$3.61M 0.03%
79,404
+500
+0.6% +$21.7K
CTXS
408
DELISTED
Citrix Systems Inc
CTXS
$3.6M 0.03%
36,074
-600
-2% -$62.2K
MAA icon
409
Mid-America Apartment Communities
MAA
$15.7B
$3.59M 0.03%
32,801
+200
+0.6% +$20.6K
COR icon
410
Cencora
COR
$61.2B
$3.58M 0.03%
44,984
-390,600
-90% -$31.4M
STX icon
411
Seagate
STX
$184B
$3.54M 0.03%
73,840
-700
-0.9% -$31.1K
AAP icon
412
Advance Auto Parts
AAP
$3.49B
$3.52M 0.03%
20,668
-200
-1% -$32.3K
HRL icon
413
Hormel Foods
HRL
$13.8B
$3.52M 0.03%
78,620
+600
+0.8% +$25.7K
FTNT icon
414
Fortinet
FTNT
$117B
$3.51M 0.03%
209,000
+1,500
+0.7% +$23.9K
CPRT icon
415
Copart
CPRT
$27.5B
$3.51M 0.03%
231,600
-4,400
-2% -$59.8K
PTC icon
416
PTC
PTC
$16B
$3.51M 0.03%
38,039
– –
CPT icon
417
Camden Property Trust
CPT
$11.3B
$3.49M 0.03%
34,400
+1,200
+4% +$115K
ATO icon
418
Atmos Energy
ATO
$28.8B
$3.47M 0.03%
33,700
-8,000
-19% -$780K
LNC icon
419
Lincoln National
LNC
$8.81B
$3.46M 0.03%
58,881
-2,300
-4% -$136K
AES icon
420
AES
AES
$10.5B
$3.45M 0.03%
190,905
+1,300
+0.7% +$21.9K
NCLH icon
421
Norwegian Cruise Line
NCLH
$8.84B
$3.45M 0.03%
62,700
-300
-0.5% -$15.5K
NBL
422
DELISTED
Noble Energy, Inc.
NBL
$3.45M 0.03%
139,361
+2,000
+1% +$45.3K
NRG icon
423
NRG Energy
NRG
$24.8B
$3.44M 0.03%
80,968
-2,000
-2% -$82.8K
UGI icon
424
UGI
UGI
$7.33B
$3.44M 0.03%
62,000
– –
CHRW icon
425
C.H. Robinson
CHRW
$17.5B
$3.43M 0.03%
39,429
+100
+0.3% +$8.78K
15 16
17
18 19

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 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.