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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
-12.75%
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
$11.1B
AUM Growth
-$2.52B
Cap. Flow
-$649M
Cap. Flow %
-5.82%
Top 10 Hldgs %
23.67%
Holding
963
New
23
Increased
75
Reduced
826
Closed
19

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$107M
2
RITM icon
Rithm Capital
RITM
+$68.6M
3
HON icon
Honeywell
HON
+$65.1M
4
DXC icon
DXC Technology
DXC
+$44.8M
5
RTN
Raytheon Company
RTN
+$41.3M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$125M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$108M
3
AXP icon
American Express
AXP
+$99.1M
4
V icon
Visa
V
+$83.3M
5
CVS icon
CVS Health
CVS
+$79.7M

Sector Composition

Rank Sector Weight
1 Technology 15.27%
2 Financials 14.8%
3 Healthcare 13.25%
4 Real Estate 12.44%
5 Industrials 8.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NWL icon
501
Newell Brands
NWL
$2.56B
$2.29M 0.02%
122,971
-6,600
-5% -$131K
AFG icon
502
American Financial Group
AFG
$12.1B
$2.27M 0.02%
25,090
-900
-3% -$90.3K
IPG
503
DELISTED
Interpublic Group of Companies
IPG
$2.27M 0.02%
110,029
-4,300
-4% -$98.2K
BF.B icon
504
Brown-Forman Class B
BF.B
$13.1B
$2.26M 0.02%
47,592
-2,600
-5% -$124K
EPD icon
505
Enterprise Products Partners
EPD
$81.7B
$2.26M 0.02%
92,000
– –
PKG icon
506
Packaging Corp of America
PKG
$22.8B
$2.26M 0.02%
27,100
-1,100
-4% -$102K
KRC icon
507
Kilroy Realty
KRC
$4.42B
$2.26M 0.02%
35,900
-1,300
-3% -$89K
EWBC icon
508
East-West Bancorp
EWBC
$18B
$2.25M 0.02%
51,700
-1,900
-4% -$98.5K
ZION icon
509
Zions Bancorporation
ZION
$10.3B
$2.24M 0.02%
55,006
-2,900
-5% -$135K
IDTI
510
DELISTED
Integrated Device Technology I
IDTI
$2.23M 0.02%
46,020
-1,800
-4% -$85K
NDSN icon
511
Nordson
NDSN
$17.3B
$2.23M 0.02%
18,660
-700
-4% -$85.9K
LPT
512
DELISTED
Liberty Property Trust
LPT
$2.21M 0.02%
52,700
-2,000
-4% -$86.3K
CDK
513
DELISTED
CDK Global, Inc.
CDK
$2.2M 0.02%
45,900
-2,000
-4% -$106K
GL icon
514
Globe Life
GL
$14.3B
$2.19M 0.02%
29,410
-1,500
-5% -$125K
GRMN
515
Garmin
GRMN
$60B
$2.19M 0.02%
34,562
-1,400
-4% -$90.6K
EHC icon
516
Encompass Health
EHC
$12.4B
$2.18M 0.02%
44,372
-1,634
-4% -$92.9K
QRVO icon
517
Qorvo
QRVO
$8.74B
$2.17M 0.02%
35,724
-1,700
-5% -$114K
WTRG icon
518
Essential Utilities
WTRG
$11.4B
$2.17M 0.02%
63,416
-2,400
-4% -$83.2K
ALLE icon
519
Allegion
ALLE
$14.4B
$2.17M 0.02%
27,185
-1,100
-4% -$94.9K
WU icon
520
Western Union
WU
$2.21B
$2.16M 0.02%
126,726
-6,500
-5% -$118K
LKQ icon
521
LKQ Corp
LKQ
$6.29B
$2.16M 0.02%
91,052
-3,700
-4% -$101K
WAB icon
522
Wabtec
WAB
$49.3B
$2.16M 0.02%
30,700
-1,000
-3% -$87.2K
SEIC icon
523
SEI Investments
SEIC
$12.6B
$2.15M 0.02%
46,600
-2,100
-4% -$111K
ALK icon
524
Alaska Air
ALK
$5.58B
$2.15M 0.02%
35,296
-1,400
-4% -$90.5K
ARW icon
525
Arrow Electronics
ARW
$10.4B
$2.14M 0.02%
31,062
-1,300
-4% -$92.5K
19 20
21
22 23

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 2018 Portfolio in Review

As of Q4 2018, State of Michigan Retirement System held 963 positions worth $11.1B, down 18% from $13.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System withdrew a net $649M in Q4 2018, closing 19 positions and reducing 826 holdings. Its most notable exit was CA, Inc., an estimated $39.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in Honeywell worth $59.4M.

  • State of Michigan Retirement System's largest Q4 2018 buy was Honeywell: 477,026 shares worth $59.4M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $107M increase.
  • State of Michigan Retirement System's biggest Q4 2018 reduction was Exelon, cutting an estimated $125M.
  • State of Michigan Retirement System fully exited CA, Inc. in Q4 2018, selling an estimated $39.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $11.1B portfolio in Q4 2018.
  • State of Michigan Retirement System opened 23 new positions and closed 19 in Q4 2018.
  • State of Michigan Retirement System's portfolio value fell 18% quarter-over-quarter to $11.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2018, filed 1 Feb 2019.