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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
PARA
476
DELISTED
Paramount Global Class B
PARA
$1.74M 0.02%
123,870
-6,800
-5% -$195K
HUBB icon
477
Hubbell
HUBB
$27.4B
$1.73M 0.02%
15,114
-900
-6% -$121K
KRC icon
478
Kilroy Realty
KRC
$4.32B
$1.73M 0.02%
27,100
-1,600
-6% -$122K
CRL icon
479
Charles River Laboratories
CRL
$13.3B
$1.72M 0.02%
13,600
-800
-6% -$120K
HII icon
480
Huntington Ingalls Industries
HII
$13B
$1.71M 0.02%
9,400
-500
-5% -$117K
CIEN icon
481
Ciena
CIEN
$54.6B
$1.71M 0.02%
42,900
-2,600
-6% -$107K
OGE icon
482
OGE Energy
OGE
$9.56B
$1.71M 0.02%
55,520
-3,400
-6% -$137K
HSIC icon
483
Henry Schein
HSIC
$9.92B
$1.7M 0.02%
33,644
-1,800
-5% -$114K
TAP icon
484
Molson Coors Class B
TAP
$7.85B
$1.68M 0.02%
42,999
-2,400
-5% -$122K
WRK
485
DELISTED
WestRock Company
WRK
$1.67M 0.02%
59,102
-3,300
-5% -$119K
AMED
486
DELISTED
Amedisys
AMED
$1.65M 0.02%
9,000
-500
-5% -$89K
GL icon
487
Globe Life
GL
$14.2B
$1.64M 0.02%
22,810
-1,300
-5% -$123K
SEIC icon
488
SEI Investments
SEIC
$12.7B
$1.62M 0.02%
35,000
-2,100
-6% -$125K
GNRC icon
489
Generac Holdings
GNRC
$12.6B
$1.62M 0.02%
+17,400
New +$1.79M
RS icon
490
Reliance Steel & Aluminium
RS
$21.8B
$1.62M 0.02%
18,500
-1,100
-6% -$117K
CTRA
491
DELISTED
Coterra Energy
CTRA
$1.61M 0.02%
93,532
-5,100
-5% -$80.7K
OHI icon
492
Omega Healthcare
OHI
$13.9B
$1.61M 0.02%
60,600
-3,700
-6% -$140K
RGLD icon
493
Royal Gold
RGLD
$19.7B
$1.6M 0.02%
18,200
-1,100
-6% -$114K
LITE icon
494
Lumentum
LITE
$63B
$1.58M 0.02%
21,400
-1,300
-6% -$102K
UAL icon
495
United Airlines
UAL
$41.1B
$1.58M 0.02%
49,944
-2,700
-5% -$179K
NRG icon
496
NRG Energy
NRG
$25.3B
$1.57M 0.02%
57,668
-3,200
-5% -$110K
IRM icon
497
Iron Mountain
IRM
$36.6B
$1.57M 0.02%
65,846
-3,600
-5% -$109K
BKR icon
498
Baker Hughes
BKR
$64.1B
$1.56M 0.02%
149,001
-8,200
-5% -$154K
WOLF icon
499
Wolfspeed
WOLF
$1.56B
$1.56M 0.02%
44,128
+10,628
+32% +$477K
DVA icon
500
DaVita
DVA
$11.5B
$1.56M 0.02%
20,558
-1,100
-5% -$86.5K
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
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.