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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
TPR icon
451
Tapestry
TPR
$32.8B
$2.8M 0.03%
82,947
-2,900
-3% -$117K
OGE icon
452
OGE Energy
OGE
$9.71B
$2.79M 0.03%
71,220
-2,600
-4% -$99.8K
RPM icon
453
RPM International
RPM
$15B
$2.78M 0.02%
47,318
-2,000
-4% -$122K
KSU
454
DELISTED
Kansas City Southern
KSU
$2.78M 0.02%
29,112
-1,300
-4% -$132K
WYNN icon
455
Wynn Resorts
WYNN
$10.6B
$2.77M 0.02%
27,970
-1,200
-4% -$129K
CTRA
456
DELISTED
Coterra Energy
CTRA
$2.76M 0.02%
123,432
-8,000
-6% -$193K
NNN icon
457
NNN REIT
NNN
$8.99B
$2.75M 0.02%
56,700
-1,400
-2% -$66.8K
RJF icon
458
Raymond James Financial
RJF
$34B
$2.75M 0.02%
55,350
-3,300
-6% -$176K
AES icon
459
AES
AES
$10.5B
$2.74M 0.02%
189,605
-7,600
-4% -$114K
WRK
460
DELISTED
WestRock Company
WRK
$2.74M 0.02%
72,602
-3,400
-4% -$150K
PNW icon
461
Pinnacle West Capital
PNW
$12.2B
$2.73M 0.02%
32,087
-1,300
-4% -$112K
FDS icon
462
Factset
FDS
$10.2B
$2.72M 0.02%
13,600
-600
-4% -$132K
ULTI
463
DELISTED
Ultimate Software Group Inc
ULTI
$2.72M 0.02%
11,100
-400
-3% -$106K
HAS icon
464
Hasbro
HAS
$13.2B
$2.71M 0.02%
33,339
-1,500
-4% -$140K
NDAQ icon
465
Nasdaq
NDAQ
$52.9B
$2.68M 0.02%
98,433
-4,500
-4% -$128K
NCLH icon
466
Norwegian Cruise Line
NCLH
$8.84B
$2.67M 0.02%
63,000
+2,300
+4% +$111K
TDY icon
467
Teledyne Technologies
TDY
$32B
$2.67M 0.02%
12,900
-400
-3% -$87.5K
JNPR
468
DELISTED
Juniper Networks
JNPR
$2.66M 0.02%
98,796
-3,900
-4% -$110K
DRE
469
DELISTED
Duke Realty Corp.
DRE
$2.66M 0.02%
102,600
-3,900
-4% -$108K
IRM icon
470
Iron Mountain
IRM
$36.1B
$2.66M 0.02%
81,946
-3,300
-4% -$108K
NI icon
471
NiSource
NI
$20.4B
$2.64M 0.02%
104,002
-4,200
-4% -$108K
M icon
472
Macy's
M
$6.68B
$2.62M 0.02%
88,030
-3,400
-4% -$112K
MVIS icon
473
Microvision
MVIS
$78.9M
$2.61M 0.02%
288,413
+30,800
+12% +$433K
VIAB
474
DELISTED
Viacom Inc. Class B
VIAB
$2.6M 0.02%
101,204
-4,100
-4% -$126K
SCI icon
475
Service Corp International
SCI
$11.6B
$2.6M 0.02%
64,500
-2,200
-3% -$95.5K
17 18
19
20 21

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.