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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
-12.75%
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
$11.1B
AUM Growth
-$2.52B
Cap. Flow
-$649M
Cap. Flow %
-5.82%
Top 10 Hldgs %
23.67%
Holding
963
New
23
Increased
75
Reduced
826
Closed
19

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$107M
2
RITM icon
Rithm Capital
RITM
+$68.6M
3
HON icon
Honeywell
HON
+$65.1M
4
DXC icon
DXC Technology
DXC
+$44.8M
5
RTN
Raytheon Company
RTN
+$41.3M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$125M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$108M
3
AXP icon
American Express
AXP
+$99.1M
4
V icon
Visa
V
+$83.3M
5
CVS icon
CVS Health
CVS
+$79.7M

Sector Composition

Rank Sector Weight
1 Technology 15.27%
2 Financials 14.8%
3 Healthcare 13.25%
4 Real Estate 12.44%
5 Industrials 8.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VAR
426
DELISTED
Varian Medical Systems, Inc.
VAR
$2.95M 0.03%
26,054
-1,200
-4% -$137K
TRMB icon
427
Trimble
TRMB
$13.9B
$2.94M 0.03%
89,500
-2,900
-3% -$107K
EMN icon
428
Eastman Chemical
EMN
$8.42B
$2.93M 0.03%
40,070
-2,000
-5% -$159K
CPT icon
429
Camden Property Trust
CPT
$11.3B
$2.92M 0.03%
33,200
-1,100
-3% -$101K
FTNT icon
430
Fortinet
FTNT
$117B
$2.92M 0.03%
207,500
-58,500
-22% -$891K
TSCO icon
431
Tractor Supply
TSCO
$18B
$2.92M 0.03%
174,760
-6,500
-4% -$117K
SIVB
432
DELISTED
SVB Financial Group
SIVB
$2.89M 0.03%
15,200
-700
-4% -$171K
HES
433
DELISTED
Hess
HES
$2.88M 0.03%
71,205
-3,800
-5% -$217K
ODFL icon
434
Old Dominion Freight Line
ODFL
$44.9B
$2.88M 0.03%
69,900
-3,000
-4% -$133K
STX icon
435
Seagate
STX
$184B
$2.88M 0.03%
74,540
-3,300
-4% -$139K
CF icon
436
CF Industries
CF
$17.3B
$2.87M 0.03%
66,025
-3,500
-5% -$164K
LNT icon
437
Alliant Energy
LNT
$18B
$2.85M 0.03%
67,556
-2,100
-3% -$92.3K
APA icon
438
APA Corp
APA
$13.2B
$2.85M 0.03%
108,694
-5,300
-5% -$195K
FMC icon
439
FMC
FMC
$1.33B
$2.85M 0.03%
44,430
-1,845
-4% -$129K
UHS icon
440
Universal Health Services
UHS
$10.5B
$2.85M 0.03%
24,452
-1,200
-5% -$151K
AKAM icon
441
Akamai
AKAM
$15.9B
$2.85M 0.03%
46,623
-3,900
-8% -$259K
REG icon
442
Regency Centers
REG
$14.1B
$2.85M 0.03%
48,500
-2,000
-4% -$125K
NVR icon
443
NVR
NVR
$17B
$2.84M 0.03%
1,164
-100
-8% -$236K
MKTX icon
444
MarketAxess Holdings
MKTX
$5.72B
$2.83M 0.03%
13,400
-500
-4% -$103K
LII icon
445
Lennox International
LII
$15.2B
$2.82M 0.03%
12,900
-500
-4% -$106K
NOV icon
446
NOV
NOV
$7B
$2.82M 0.03%
109,778
-4,200
-4% -$145K
CPRT icon
447
Copart
CPRT
$27.5B
$2.82M 0.03%
236,000
-2,439,600
-91% -$30.1M
FFIV icon
448
F5
FFIV
$22.7B
$2.81M 0.03%
17,372
-800
-4% -$137K
LDOS icon
449
Leidos
LDOS
$17.3B
$2.81M 0.03%
53,348
-2,300
-4% -$143K
JKHY icon
450
Jack Henry & Associates
JKHY
$11.1B
$2.8M 0.03%
22,150
-6,400
-22% -$909K
16 17
18
19 20

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 Q4 2018 Portfolio in Review

As of Q4 2018, State of Michigan Retirement System held 963 positions worth $11.1B, down 18% from $13.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System withdrew a net $649M in Q4 2018, closing 19 positions and reducing 826 holdings. Its most notable exit was CA, Inc., an estimated $39.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in Honeywell worth $59.4M.

  • State of Michigan Retirement System's largest Q4 2018 buy was Honeywell: 477,026 shares worth $59.4M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $107M increase.
  • State of Michigan Retirement System's biggest Q4 2018 reduction was Exelon, cutting an estimated $125M.
  • State of Michigan Retirement System fully exited CA, Inc. in Q4 2018, selling an estimated $39.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $11.1B portfolio in Q4 2018.
  • State of Michigan Retirement System opened 23 new positions and closed 19 in Q4 2018.
  • State of Michigan Retirement System's portfolio value fell 18% quarter-over-quarter to $11.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2018, filed 1 Feb 2019.