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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
NDAQ icon
476
Nasdaq
NDAQ
$52.9B
$2.92M 0.02%
100,233
+1,800
+2% +$51.3K
GGG icon
477
Graco
GGG
$13.5B
$2.92M 0.02%
58,900
-400
-0.7% -$18.1K
WRB icon
478
W.R. Berkley
WRB
$26.6B
$2.91M 0.02%
115,948
– –
WST icon
479
West Pharmaceutical
WST
$24.9B
$2.91M 0.02%
26,400
– –
STLD icon
480
Steel Dynamics
STLD
$37.6B
$2.88M 0.02%
81,800
– –
VIAB
481
DELISTED
Viacom Inc. Class B
VIAB
$2.86M 0.02%
101,904
+700
+0.7% +$20.1K
HAS icon
482
Hasbro
HAS
$13.2B
$2.83M 0.02%
33,339
– –
FICO icon
483
Fair Isaac
FICO
$22.5B
$2.83M 0.02%
10,400
+100
+1% +$23.5K
WRK
484
DELISTED
WestRock Company
WRK
$2.82M 0.02%
73,602
+1,000
+1% +$39.1K
BEN icon
485
Franklin Resources
BEN
$17.2B
$2.82M 0.02%
85,160
– –
TYL icon
486
Tyler Technologies
TYL
$12.8B
$2.8M 0.02%
13,700
-100
-0.7% -$19.8K
MOS icon
487
The Mosaic Company
MOS
$7.33B
$2.79M 0.02%
102,182
+700
+0.7% +$21.3K
OHI icon
488
Omega Healthcare
OHI
$14.7B
$2.78M 0.02%
72,800
+1,300
+2% +$48.2K
KRC icon
489
Kilroy Realty
KRC
$4.42B
$2.73M 0.02%
36,000
+100
+0.3% +$7.16K
RPM icon
490
RPM International
RPM
$15B
$2.72M 0.02%
46,918
-400
-0.8% -$22.7K
TPR icon
491
Tapestry
TPR
$32.8B
$2.71M 0.02%
83,547
+600
+0.7% +$21K
PKG icon
492
Packaging Corp of America
PKG
$22.8B
$2.7M 0.02%
27,200
+100
+0.4% +$9.5K
FFIV icon
493
F5
FFIV
$22.7B
$2.69M 0.02%
17,172
-200
-1% -$32.2K
TECH icon
494
Bio-Techne
TECH
$11.3B
$2.68M 0.02%
54,000
– –
EPD icon
495
Enterprise Products Partners
EPD
$81.7B
$2.68M 0.02%
92,000
– –
PVH icon
496
PVH
PVH
$4.04B
$2.66M 0.02%
21,796
+100
+0.5% +$11K
JNPR
497
DELISTED
Juniper Networks
JNPR
$2.65M 0.02%
100,296
+1,500
+2% +$40.4K
DISCK
498
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.64M 0.02%
103,846
+700
+0.7% +$18.3K
CF icon
499
CF Industries
CF
$17.3B
$2.63M 0.02%
64,225
-1,800
-3% -$76.3K
HSIC icon
500
Henry Schein
HSIC
$9.82B
$2.62M 0.02%
43,644
-12,002
-22% -$724K
18 19
20
21 22

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.