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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
CTRA
451
DELISTED
Coterra Energy
CTRA
$3.19M 0.03%
122,032
-1,400
-1% -$35.1K
Y
452
DELISTED
Alleghany Corp
Y
$3.18M 0.03%
5,200
-100
-2% -$62.5K
XRAY icon
453
Dentsply Sirona
XRAY
$2.43B
$3.18M 0.03%
64,166
+500
+0.8% +$22K
RGA icon
454
Reinsurance Group of America
RGA
$16.1B
$3.18M 0.03%
22,400
– –
MOH icon
455
Molina Healthcare
MOH
$10.3B
$3.17M 0.03%
22,300
+100
+0.5% +$13.5K
DRE
456
DELISTED
Duke Realty Corp.
DRE
$3.17M 0.03%
103,500
+900
+0.9% +$26.3K
LW icon
457
Lamb Weston
LW
$7.19B
$3.16M 0.03%
42,200
+300
+0.7% +$21.2K
LYV icon
458
Live Nation Entertainment
LYV
$42.1B
$3.13M 0.03%
49,300
– –
CGNX icon
459
Cognex
CGNX
$11.3B
$3.1M 0.02%
60,900
-500
-0.8% -$23.9K
JKHY icon
460
Jack Henry & Associates
JKHY
$11.1B
$3.09M 0.02%
22,250
+100
+0.5% +$13.2K
PNW icon
461
Pinnacle West Capital
PNW
$12.2B
$3.09M 0.02%
32,287
+200
+0.6% +$18K
CBOE icon
462
Cboe Global Markets
CBOE
$29.9B
$3.08M 0.02%
32,300
+200
+0.6% +$19K
TTWO icon
463
Take-Two Interactive
TTWO
$46.1B
$3.08M 0.02%
32,600
– –
NI icon
464
NiSource
NI
$20.4B
$3.08M 0.02%
107,302
+3,300
+3% +$89K
OGE icon
465
OGE Energy
OGE
$9.71B
$3.07M 0.02%
71,220
– –
TDY icon
466
Teledyne Technologies
TDY
$32B
$3.06M 0.02%
12,900
– –
EMN icon
467
Eastman Chemical
EMN
$8.42B
$3.06M 0.02%
40,270
+200
+0.5% +$15.9K
WAB icon
468
Wabtec
WAB
$49.3B
$3.04M 0.02%
41,296
+10,596
+35% +$764K
GRMN
469
Garmin
GRMN
$60B
$3.02M 0.02%
34,962
+400
+1% +$30.1K
FMC icon
470
FMC
FMC
$1.33B
$2.98M 0.02%
38,834
-5,596
-13% -$411K
AR icon
471
Antero Resources
AR
$10.7B
$2.97M 0.02%
+336,210
New +$3.18M
FRT icon
472
Federal Realty Investment Trust
FRT
$10.3B
$2.95M 0.02%
21,416
+300
+1% +$39.3K
NOV icon
473
NOV
NOV
$7B
$2.94M 0.02%
110,478
+700
+0.6% +$19.9K
RJF icon
474
Raymond James Financial
RJF
$34B
$2.94M 0.02%
54,900
-450
-0.8% -$24.1K
IRM icon
475
Iron Mountain
IRM
$36.1B
$2.93M 0.02%
82,546
+600
+0.7% +$21.2K
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 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.