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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
+8.49%
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
$12.1B
AUM Growth
+$1.06B
Cap. Flow
+$176M
Cap. Flow %
1.45%
Top 10 Hldgs %
21.16%
Holding
973
New
29
Increased
606
Reduced
214
Closed
26

Top Buys

Rank Stock Value
1
UGI icon
UGI
UGI
+$91.7M
2
EXC icon
Exelon
EXC
+$90.8M
3
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$86.9M
4
PINS icon
Pinterest
PINS
+$57.6M
5
TDG icon
TransDigm Group
TDG
+$43.7M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$92.3M
2
HD icon
Home Depot
HD
+$58M
3
DIS icon
Walt Disney
DIS
+$57.7M
4
HON icon
Honeywell
HON
+$53.2M
5
IBM icon
IBM
IBM
+$50.8M

Sector Composition

Rank Sector Weight
1 Technology 17.7%
2 Financials 14.22%
3 Healthcare 12.86%
4 Real Estate 10.39%
5 Industrials 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HST icon
426
Host Hotels & Resorts
HST
$16B
$3.22M 0.03%
173,400
-2,100
-1% -$36.3K
CBOE icon
427
Cboe Global Markets
CBOE
$29.9B
$3.22M 0.03%
26,800
-100
-0.4% -$11.7K
MPT
428
Medical Properties Trust
MPT
$2.81B
$3.21M 0.03%
152,300
+22,800
+18% +$462K
EXPD icon
429
Expeditors International
EXPD
$23.2B
$3.21M 0.03%
41,199
+200
+0.5% +$15K
AES icon
430
AES
AES
$10.5B
$3.2M 0.03%
160,605
+1,000
+0.6% +$17.9K
FICO icon
431
Fair Isaac
FICO
$22.5B
$3.19M 0.03%
8,500
+100
+1% +$33.6K
LNT icon
432
Alliant Energy
LNT
$18B
$3.18M 0.03%
58,156
+1,100
+2% +$58.4K
FOXA icon
433
Fox Class A
FOXA
$26.9B
$3.18M 0.03%
85,780
+600
+0.7% +$20.5K
IEX icon
434
IDEX
IEX
$17.3B
$3.17M 0.03%
18,400
+200
+1% +$32.4K
LDOS icon
435
Leidos
LDOS
$17.3B
$3.15M 0.03%
32,148
-400
-1% -$35.3K
NVR icon
436
NVR
NVR
$17B
$3.15M 0.03%
826
– –
SIVB
437
DELISTED
SVB Financial Group
SIVB
$3.14M 0.03%
12,500
+100
+0.8% +$22.7K
LUMN icon
438
Lumen
LUMN
$6.44B
$3.13M 0.03%
237,276
+1,300
+0.6% +$17.4K
STE icon
439
Steris
STE
$23.1B
$3.13M 0.03%
20,500
-4,100
-17% -$601K
VAR
440
DELISTED
Varian Medical Systems, Inc.
VAR
$3.12M 0.03%
21,954
+100
+0.5% +$12.8K
MVIS icon
441
Microvision
MVIS
$78.9M
$3.12M 0.03%
288,413
– –
DRE
442
DELISTED
Duke Realty Corp.
DRE
$3.08M 0.03%
88,900
+2,000
+2% +$69K
TRMB icon
443
Trimble
TRMB
$13.9B
$3.06M 0.03%
73,300
+200
+0.3% +$7.96K
XRAY icon
444
Dentsply Sirona
XRAY
$2.43B
$3.04M 0.03%
53,766
-100
-0.2% -$5.58K
LW icon
445
Lamb Weston
LW
$7.19B
$3.04M 0.03%
35,300
+300
+0.9% +$24.2K
URI icon
446
United Rentals
URI
$72.4B
$3.04M 0.03%
18,200
-400
-2% -$58.1K
HRL icon
447
Hormel Foods
HRL
$13.8B
$3.03M 0.03%
67,220
+500
+0.7% +$21.5K
CPT icon
448
Camden Property Trust
CPT
$11.3B
$3.02M 0.03%
28,500
+400
+1% +$44.3K
NCLH icon
449
Norwegian Cruise Line
NCLH
$8.84B
$3.01M 0.02%
51,500
-300
-0.6% -$15.8K
FDS icon
450
Factset
FDS
$10.2B
$3M 0.02%
11,200
+100
+0.9% +$25.7K
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 2019 Portfolio in Review

As of Q4 2019, State of Michigan Retirement System held 973 positions worth $12.1B, up 9.6% from $11B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

State of Michigan Retirement System's Q4 2019 filing shows 29 new, 606 increased, 214 reduced and 26 closed positions. Its largest new stake was Pinterest: 2,666,569 shares worth $49.7M. The largest sale was JPMorgan Chase, an estimated $92.3M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q4 2019 buy was Pinterest: 2,666,569 shares worth $49.7M.
  • State of Michigan Retirement System added most to UGI in Q4 2019, an estimated $91.7M increase.
  • State of Michigan Retirement System's biggest Q4 2019 reduction was JPMorgan Chase, cutting an estimated $92.3M.
  • State of Michigan Retirement System fully exited Celgene Corp in Q4 2019, selling an estimated $16.9M.
  • State of Michigan Retirement System's ten largest holdings make up 21% of its $12.1B portfolio in Q4 2019.
  • State of Michigan Retirement System opened 29 new positions and closed 26 in Q4 2019.
  • State of Michigan Retirement System's portfolio value rose 9.6% quarter-over-quarter to $12.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2019, filed 24 Jan 2020.