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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
RGA icon
451
Reinsurance Group of America
RGA
$16.1B
$3M 0.02%
18,400
+200
+1% +$32.4K
BF.B icon
452
Brown-Forman Class B
BF.B
$13.1B
$2.98M 0.02%
44,092
+300
+0.7% +$19.5K
WTRG icon
453
Essential Utilities
WTRG
$11.4B
$2.98M 0.02%
63,516
+900
+1% +$40.5K
NDAQ icon
454
Nasdaq
NDAQ
$52.9B
$2.97M 0.02%
83,133
– –
J icon
455
Jacobs Solutions
J
$17B
$2.95M 0.02%
39,668
+242
+0.6% +$18.3K
RPM icon
456
RPM International
RPM
$15B
$2.93M 0.02%
38,118
+500
+1% +$36.3K
ODFL icon
457
Old Dominion Freight Line
ODFL
$44.9B
$2.92M 0.02%
46,200
-9,600
-17% -$589K
HWM icon
458
Howmet Aerospace
HWM
$112B
$2.88M 0.02%
122,229
+782
+0.6% +$17.5K
NBL
459
DELISTED
Noble Energy, Inc.
NBL
$2.87M 0.02%
115,661
+700
+0.6% +$14.9K
LNC icon
460
Lincoln National
LNC
$8.81B
$2.83M 0.02%
47,981
-100
-0.2% -$5.89K
CGNX icon
461
Cognex
CGNX
$11.3B
$2.82M 0.02%
50,300
+800
+2% +$41.4K
ALLE icon
462
Allegion
ALLE
$14.4B
$2.8M 0.02%
22,485
– –
UHS icon
463
Universal Health Services
UHS
$10.5B
$2.79M 0.02%
19,452
-100
-0.5% -$14.3K
LPT
464
DELISTED
Liberty Property Trust
LPT
$2.79M 0.02%
46,400
+600
+1% +$34.4K
OHI icon
465
Omega Healthcare
OHI
$14.7B
$2.72M 0.02%
64,300
+1,500
+2% +$63.5K
JKHY icon
466
Jack Henry & Associates
JKHY
$11.1B
$2.72M 0.02%
18,650
+100
+0.5% +$14.6K
BRO icon
467
Brown & Brown
BRO
$23.9B
$2.72M 0.02%
68,800
+1,100
+2% +$41.3K
WU icon
468
Western Union
WU
$2.21B
$2.72M 0.02%
101,426
-500
-0.5% -$13K
NNN icon
469
NNN REIT
NNN
$8.99B
$2.71M 0.02%
50,500
+700
+1% +$38.9K
CSL icon
470
Carlisle Companies
CSL
$15.4B
$2.71M 0.02%
16,720
+300
+2% +$46.2K
AAL icon
471
American Airlines Group
AAL
$10.6B
$2.7M 0.02%
94,256
-1,000
-1% -$28.5K
AAP icon
472
Advance Auto Parts
AAP
$3.49B
$2.69M 0.02%
16,768
-400
-2% -$64.1K
WRK
473
DELISTED
WestRock Company
WRK
$2.68M 0.02%
62,402
+500
+0.8% +$19.5K
TSCO icon
474
Tractor Supply
TSCO
$18B
$2.68M 0.02%
143,260
– –
RJF icon
475
Raymond James Financial
RJF
$34B
$2.67M 0.02%
44,850
+300
+0.7% +$17.3K
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 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.