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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
LW icon
451
Lamb Weston
LW
$7.28B
$1.91M 0.02%
33,500
-1,800
-5% -$148K
NDSN icon
452
Nordson
NDSN
$17.3B
$1.91M 0.02%
14,160
-900
-6% -$139K
CHE icon
453
Chemed
CHE
$7.17B
$1.91M 0.02%
4,400
-300
-6% -$134K
PKG icon
454
Packaging Corp of America
PKG
$23B
$1.88M 0.02%
21,700
-1,200
-5% -$116K
CFG icon
455
Citizens Financial Group
CFG
$30.7B
$1.87M 0.02%
99,600
-5,500
-5% -$179K
HRC
456
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.87M 0.02%
18,550
-1,100
-6% -$114K
PFG icon
457
Principal Financial Group
PFG
$24.3B
$1.85M 0.02%
59,179
-3,300
-5% -$156K
RNR icon
458
RenaissanceRe
RNR
$13.3B
$1.84M 0.02%
12,300
-700
-5% -$125K
UHS icon
459
Universal Health Services
UHS
$10B
$1.83M 0.02%
18,452
-1,000
-5% -$127K
HST icon
460
Host Hotels & Resorts
HST
$15.4B
$1.81M 0.02%
164,400
-9,000
-5% -$136K
EXPE icon
461
Expedia Group
EXPE
$39B
$1.8M 0.02%
31,984
-1,800
-5% -$173K
JBHT icon
462
JB Hunt Transport Services
JBHT
$24.7B
$1.8M 0.02%
19,476
-1,100
-5% -$114K
CPB icon
463
Campbell Soup
CPB
$6.8B
$1.79M 0.02%
38,759
-2,100
-5% -$101K
RJF icon
464
Raymond James Financial
RJF
$34.7B
$1.79M 0.02%
42,450
-2,400
-5% -$135K
SIVB
465
DELISTED
SVB Financial Group
SIVB
$1.78M 0.02%
11,800
-700
-6% -$154K
URI icon
466
United Rentals
URI
$71.7B
$1.78M 0.02%
17,300
-900
-5% -$119K
CNP icon
467
CenterPoint Energy
CNP
$26.3B
$1.78M 0.02%
115,162
-6,300
-5% -$145K
ETFC
468
DELISTED
E*Trade Financial Corporation
ETFC
$1.78M 0.02%
51,758
-2,900
-5% -$123K
VTRS icon
469
Viatris
VTRS
$18.7B
$1.76M 0.02%
118,309
-6,500
-5% -$125K
LII icon
470
Lennox International
LII
$14.9B
$1.76M 0.02%
9,700
-600
-6% -$138K
ATR icon
471
AptarGroup
ATR
$8.58B
$1.76M 0.02%
17,700
-1,100
-6% -$119K
PTC icon
472
PTC
PTC
$16.4B
$1.76M 0.02%
28,739
-1,800
-6% -$133K
EHC icon
473
Encompass Health
EHC
$12.5B
$1.75M 0.02%
34,316
-2,137
-6% -$123K
WU icon
474
Western Union
WU
$2.21B
$1.74M 0.02%
96,126
-5,300
-5% -$130K
WRB icon
475
W.R. Berkley
WRB
$26.2B
$1.74M 0.02%
74,997
-4,050
-5% -$121K
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
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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.