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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
BF.B icon
401
Brown-Forman Class B
BF.B
$12.9B
$2.32M 0.03%
41,792
-2,300
-5% -$148K
ULTA icon
402
Ulta Beauty
ULTA
$23.6B
$2.3M 0.03%
13,084
-700
-5% -$175K
TSCO icon
403
Tractor Supply
TSCO
$18B
$2.3M 0.03%
135,760
-7,500
-5% -$135K
VTR icon
404
Ventas
VTR
$47.2B
$2.29M 0.03%
85,410
-4,700
-5% -$233K
CBOE icon
405
Cboe Global Markets
CBOE
$29.8B
$2.27M 0.03%
25,400
-1,400
-5% -$157K
PAYC icon
406
Paycom
PAYC
$9.62B
$2.26M 0.03%
+11,200
New +$3.07M
ZBRA icon
407
Zebra Technologies
ZBRA
$17.9B
$2.26M 0.02%
12,300
-700
-5% -$157K
GGG icon
408
Graco
GGG
$13.5B
$2.26M 0.02%
46,300
-2,800
-6% -$144K
FCX icon
409
Freeport-McMoran
FCX
$98.7B
$2.25M 0.02%
332,623
-18,300
-5% -$191K
GPC icon
410
Genuine Parts
GPC
$18.5B
$2.24M 0.02%
33,332
-1,800
-5% -$160K
CTLT
411
DELISTED
CATALENT, INC.
CTLT
$2.23M 0.02%
42,900
-200
-0.5% -$10.9K
Y
412
DELISTED
Alleghany Corp
Y
$2.21M 0.02%
4,000
-200
-5% -$144K
TRMB icon
413
Trimble
TRMB
$13.6B
$2.2M 0.02%
69,100
-4,200
-6% -$164K
POOL icon
414
Pool Corp
POOL
$7.27B
$2.18M 0.02%
11,100
-700
-6% -$149K
NTAP icon
415
NetApp
NTAP
$39B
$2.18M 0.02%
52,291
-2,900
-5% -$150K
HOLX
416
DELISTED
Hologic
HOLX
$2.16M 0.02%
61,460
-3,400
-5% -$162K
QRVO icon
417
Qorvo
QRVO
$8.56B
$2.15M 0.02%
26,624
-1,500
-5% -$150K
VAR
418
DELISTED
Varian Medical Systems, Inc.
VAR
$2.14M 0.02%
20,854
-1,100
-5% -$145K
NI icon
419
NiSource
NI
$20B
$2.14M 0.02%
85,602
-4,700
-5% -$130K
RPM icon
420
RPM International
RPM
$14.8B
$2.14M 0.02%
35,918
-2,200
-6% -$152K
CPT icon
421
Camden Property Trust
CPT
$11B
$2.13M 0.02%
26,900
-1,600
-6% -$166K
LUMN icon
422
Lumen
LUMN
$6.85B
$2.13M 0.02%
224,876
-12,400
-5% -$155K
NVR icon
423
NVR
NVR
$16.8B
$2.12M 0.02%
826
– –
BIO icon
424
Bio-Rad Laboratories Class A
BIO
$9.48B
$2.1M 0.02%
6,000
-400
-6% -$147K
HAS icon
425
Hasbro
HAS
$13.3B
$2.08M 0.02%
29,139
-1,600
-5% -$138K
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
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.