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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
CSCO icon
26
Cisco
CSCO
$479B
$95.8M 0.79%
1,997,591
+359,300
+22% +$16.7M
SYK icon
27
Stryker
SYK
$130B
$95.2M 0.79%
453,396
+800
+0.2% +$166K
UGI icon
28
UGI
UGI
$7.33B
$93.1M 0.77%
2,061,500
+2,000,900
+3,302% +$91.7M
PG icon
29
Procter & Gamble
PG
$339B
$92.5M 0.76%
740,203
-36,400
-5% -$4.45M
EG icon
30
Everest Group
EG
$14.4B
$87.7M 0.73%
316,900
+100
+0% +$26.4K
ACN icon
31
Accenture
ACN
$108B
$84.4M 0.7%
400,986
-31,400
-7% -$6.12M
XLF icon
32
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$82M 0.68%
2,664,900
– –
PFE icon
33
Pfizer
PFE
$153B
$80.3M 0.66%
2,161,044
+679,093
+46% +$24.2M
HD icon
34
Home Depot
HD
$355B
$79.5M 0.66%
363,828
-256,100
-41% -$58M
PM icon
35
Philip Morris
PM
$295B
$77.9M 0.64%
915,265
-19,400
-2% -$1.6M
MO icon
36
Altria Group
MO
$114B
$73.9M 0.61%
1,481,602
+274,700
+23% +$13M
FTAI icon
37
FTAI Aviation
FTAI
$22.2B
$73.8M 0.61%
4,422,777
– –
ZTS icon
38
Zoetis
ZTS
$30.5B
$73.5M 0.61%
555,192
+400
+0.1% +$49.7K
USB icon
39
US Bancorp
USB
$99.6B
$73.5M 0.61%
1,238,842
-1,000
-0.1% -$57.8K
ABBV icon
40
AbbVie
ABBV
$435B
$73.3M 0.61%
827,503
+109,400
+15% +$9.08M
XOM icon
41
ExxonMobil
XOM
$634B
$71.4M 0.59%
1,023,332
+6,100
+0.6% +$422K
ORCL icon
42
Oracle
ORCL
$423B
$71.1M 0.59%
1,342,060
+222,700
+20% +$12.3M
T icon
43
AT&T
T
$163B
$69M 0.57%
2,339,153
-71,893
-3% -$2.08M
BAC icon
44
Bank of America
BAC
$442B
$69M 0.57%
1,957,935
-56,200
-3% -$1.82M
LMT icon
45
Lockheed Martin
LMT
$136B
$68.9M 0.57%
177,019
-33,699
-16% -$12.9M
AMGN icon
46
Amgen
AMGN
$222B
$67.1M 0.55%
278,494
-30,100
-10% -$6.63M
RTN
47
DELISTED
Raytheon Company
RTN
$66.2M 0.55%
301,336
+400
+0.1% +$84.6K
DIS icon
48
Walt Disney
DIS
$181B
$63M 0.52%
435,891
-413,300
-49% -$57.7M
GPN icon
49
Global Payments
GPN
$22.8B
$62.5M 0.52%
342,536
+600
+0.2% +$103K
BKNG icon
50
Booking.com
BKNG
$161B
$59.8M 0.49%
728,125
+472,500
+185% +$37.1M
1
2
3 4 5

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.