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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
VZ icon
26
Verizon
VZ
$196B
$70M 0.77%
1,303,099
-452,200
-26% -$25.9M
HD icon
27
Home Depot
HD
$355B
$69.1M 0.76%
370,028
+6,200
+2% +$1.36M
ADBE icon
28
Adobe
ADBE
$105B
$66.3M 0.73%
208,253
+91,200
+78% +$31.2M
PM icon
29
Philip Morris
PM
$295B
$65.3M 0.72%
895,665
-19,600
-2% -$1.61M
WFC icon
30
Wells Fargo
WFC
$264B
$64.9M 0.72%
2,262,130
+301,400
+15% +$12.8M
PFE icon
31
Pfizer
PFE
$153B
$64.6M 0.71%
2,087,474
-73,570
-3% -$2.51M
ZTS icon
32
Zoetis
ZTS
$30B
$64.6M 0.71%
549,192
-6,000
-1% -$790K
ACN icon
33
Accenture
ACN
$108B
$64.2M 0.71%
392,986
-8,000
-2% -$1.54M
ABBV icon
34
AbbVie
ABBV
$435B
$61.6M 0.68%
808,803
-18,700
-2% -$1.59M
GILD icon
35
Gilead Sciences
GILD
$165B
$60.3M 0.66%
805,924
-30,563
-4% -$2.11M
LMT icon
36
Lockheed Martin
LMT
$136B
$59M 0.65%
173,919
-3,100
-2% -$1.22M
MO icon
37
Altria Group
MO
$114B
$56.4M 0.62%
1,458,002
-23,600
-2% -$1.05M
AMGN icon
38
Amgen
AMGN
$222B
$54.9M 0.61%
270,994
-7,500
-3% -$1.64M
ORCL icon
39
Oracle
ORCL
$423B
$53M 0.58%
1,096,660
-245,400
-18% -$12.7M
GPN icon
40
Global Payments
GPN
$22.8B
$48.9M 0.54%
338,736
-3,800
-1% -$694K
T icon
41
AT&T
T
$163B
$48.8M 0.54%
2,217,080
-122,073
-5% -$3.34M
GIS icon
42
General Mills
GIS
$19.7B
$48M 0.53%
909,938
-7,600
-0.8% -$401K
MRK icon
43
Merck
MRK
$318B
$44.9M 0.5%
611,664
-33,641
-5% -$2.64M
ADP icon
44
Automatic Data Processing
ADP
$108B
$43.4M 0.48%
317,181
-5,500
-2% -$886K
TWO
45
Two Harbors Investment
TWO
$1.27B
$42.4M 0.47%
2,782,886
– –
RITM icon
46
Rithm Capital
RITM
$5.69B
$42.1M 0.46%
8,404,734
– –
DG icon
47
Dollar General
DG
$27.9B
$42M 0.46%
278,342
-3,200
-1% -$494K
PINS icon
48
Pinterest
PINS
$13.4B
$41.2M 0.45%
2,666,569
– –
ARI
49
Apollo Commercial Real Estate
ARI
$885M
$40.5M 0.45%
5,459,968
– –
DIS icon
50
Walt Disney
DIS
$181B
$39.9M 0.44%
413,191
-22,700
-5% -$2.87M
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 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.