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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
TXT icon
426
Textron
TXT
$15.4B
$3.43M 0.03%
67,637
-1,900
-3% -$98K
KMX icon
427
CarMax
KMX
$8.26B
$3.42M 0.03%
49,005
-1,000
-2% -$61.6K
TSCO icon
428
Tractor Supply
TSCO
$18B
$3.42M 0.03%
174,760
– –
LII icon
429
Lennox International
LII
$15.2B
$3.38M 0.03%
12,800
-100
-0.8% -$23.9K
SIVB
430
DELISTED
SVB Financial Group
SIVB
$3.38M 0.03%
15,200
– –
FDS icon
431
Factset
FDS
$10.2B
$3.38M 0.03%
13,600
– –
KSU
432
DELISTED
Kansas City Southern
KSU
$3.38M 0.03%
29,112
– –
AKAM icon
433
Akamai
AKAM
$15.9B
$3.37M 0.03%
47,023
+400
+0.9% +$27.1K
VNO icon
434
Vornado Realty Trust
VNO
$7.38B
$3.37M 0.03%
49,950
+400
+0.8% +$26.8K
CMA
435
DELISTED
Comerica
CMA
$3.36M 0.03%
45,776
-500
-1% -$40.1K
LDOS icon
436
Leidos
LDOS
$17.3B
$3.34M 0.03%
52,148
-1,200
-2% -$72.4K
MAS icon
437
Masco
MAS
$15.3B
$3.34M 0.03%
84,904
-2,600
-3% -$92.7K
ODFL icon
438
Old Dominion Freight Line
ODFL
$44.9B
$3.33M 0.03%
69,300
-600
-0.9% -$28K
WYNN icon
439
Wynn Resorts
WYNN
$10.6B
$3.33M 0.03%
27,870
-100
-0.4% -$12K
MKTX icon
440
MarketAxess Holdings
MKTX
$5.72B
$3.3M 0.03%
13,400
– –
TIF
441
DELISTED
Tiffany & Co.
TIF
$3.3M 0.03%
31,234
+200
+0.6% +$18.4K
ETFC
442
DELISTED
E*Trade Financial Corporation
ETFC
$3.29M 0.03%
70,958
-1,800
-2% -$85.7K
LUMN icon
443
Lumen
LUMN
$6.44B
$3.29M 0.03%
274,076
+1,800
+0.7% +$25K
KSS icon
444
Kohl's
KSS
$2.19B
$3.27M 0.03%
47,610
+300
+0.6% +$20.4K
REG icon
445
Regency Centers
REG
$14.1B
$3.26M 0.03%
48,300
-200
-0.4% -$12.8K
TAP icon
446
Molson Coors Class B
TAP
$8.09B
$3.23M 0.03%
54,099
+500
+0.9% +$30.9K
NVR icon
447
NVR
NVR
$17B
$3.22M 0.03%
1,164
– –
UHS icon
448
Universal Health Services
UHS
$10.5B
$3.22M 0.03%
24,052
-400
-2% -$52.7K
LNT icon
449
Alliant Energy
LNT
$18B
$3.21M 0.03%
68,056
+500
+0.7% +$22.4K
NNN icon
450
NNN REIT
NNN
$8.99B
$3.19M 0.03%
57,600
+900
+2% +$46.6K
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 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.