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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
SYF icon
426
Synchrony
SYF
$25.4B
$2.08M 0.02%
129,410
-14,400
-10% -$420K
AES icon
427
AES
AES
$10.5B
$2.07M 0.02%
152,205
-8,400
-5% -$151K
OKE icon
428
Oneok
OKE
$56.9B
$2.07M 0.02%
94,726
-5,200
-5% -$317K
CHRW icon
429
C.H. Robinson
CHRW
$17.3B
$2.05M 0.02%
31,029
-1,700
-5% -$122K
L icon
430
Loews
L
$23.3B
$2.04M 0.02%
58,685
-3,200
-5% -$151K
IT icon
431
Gartner
IT
$12.2B
$2.04M 0.02%
20,499
-1,100
-5% -$151K
WAB icon
432
Wabtec
WAB
$49.7B
$2.03M 0.02%
42,269
-2,300
-5% -$158K
CE icon
433
Celanese
CE
$4.88B
$2.03M 0.02%
27,700
-1,500
-5% -$148K
KMX icon
434
CarMax
KMX
$8.34B
$2.03M 0.02%
37,705
-2,100
-5% -$178K
TECH icon
435
Bio-Techne
TECH
$11.2B
$2.01M 0.02%
42,400
-2,400
-5% -$120K
CGNX icon
436
Cognex
CGNX
$10.8B
$2M 0.02%
47,400
-2,900
-6% -$145K
RF icon
437
Regions Financial
RF
$26.8B
$1.98M 0.02%
221,070
-12,200
-5% -$171K
SCI icon
438
Service Corp International
SCI
$11.4B
$1.98M 0.02%
50,700
-3,100
-6% -$144K
XRAY icon
439
Dentsply Sirona
XRAY
$2.32B
$1.98M 0.02%
50,966
-2,800
-5% -$143K
CXO
440
DELISTED
CONCHO RESOURCES INC.
CXO
$1.98M 0.02%
46,132
-2,500
-5% -$174K
HES
441
DELISTED
Hess
HES
$1.98M 0.02%
59,305
-3,300
-5% -$179K
CSL icon
442
Carlisle Companies
CSL
$15.3B
$1.97M 0.02%
15,720
-1,000
-6% -$148K
IR icon
443
Ingersoll Rand
IR
$33.6B
$1.96M 0.02%
+79,079
New +$2.51M
ALLE icon
444
Allegion
ALLE
$14.1B
$1.96M 0.02%
21,285
-1,200
-5% -$144K
PNW icon
445
Pinnacle West Capital
PNW
$12B
$1.95M 0.02%
25,787
-1,400
-5% -$127K
HBAN icon
446
Huntington Bancshares
HBAN
$35.6B
$1.94M 0.02%
236,738
-13,000
-5% -$160K
CONE
447
DELISTED
CyrusOne Inc Common Stock
CONE
$1.94M 0.02%
31,400
-1,900
-6% -$116K
TTC icon
448
Toro Company
TTC
$9.4B
$1.93M 0.02%
29,600
-1,800
-6% -$137K
FOXA icon
449
Fox Class A
FOXA
$26.6B
$1.92M 0.02%
81,280
-4,500
-5% -$148K
RVTY icon
450
Revvity
RVTY
$12.9B
$1.91M 0.02%
25,429
-106,400
-81% -$9.44M
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
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.