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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
URI icon
501
United Rentals
URI
$72.4B
$2.62M 0.02%
22,900
-300
-1% -$37K
TTC icon
502
Toro Company
TTC
$9.49B
$2.6M 0.02%
37,800
+300
+0.8% +$19K
SCI icon
503
Service Corp International
SCI
$11.6B
$2.59M 0.02%
64,600
+100
+0.2% +$4.17K
POST icon
504
Post Holdings
POST
$3.57B
$2.59M 0.02%
36,214
-152
-0.4% -$9.96K
LKQ icon
505
LKQ Corp
LKQ
$6.29B
$2.58M 0.02%
90,752
-300
-0.3% -$8.07K
LPT
506
DELISTED
Liberty Property Trust
LPT
$2.55M 0.02%
52,700
– –
EXEL icon
507
Exelixis
EXEL
$13.4B
$2.55M 0.02%
107,000
+400
+0.4% +$9.12K
J icon
508
Jacobs Solutions
J
$17B
$2.54M 0.02%
40,876
-484
-1% -$27.3K
QRVO icon
509
Qorvo
QRVO
$8.74B
$2.54M 0.02%
35,424
-300
-0.8% -$19.9K
JBHT icon
510
JB Hunt Transport Services
JBHT
$25.2B
$2.54M 0.02%
25,076
+100
+0.4% +$10.4K
BF.B icon
511
Brown-Forman Class B
BF.B
$13.1B
$2.53M 0.02%
47,892
+300
+0.6% +$14.6K
MPT
512
Medical Properties Trust
MPT
$2.81B
$2.51M 0.02%
135,800
+5,700
+4% +$102K
HRC
513
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$2.51M 0.02%
23,750
-200
-0.8% -$20.1K
JLL icon
514
Jones Lang LaSalle
JLL
$16.7B
$2.51M 0.02%
16,300
+100
+0.6% +$15K
SNA icon
515
Snap-on
SNA
$21.5B
$2.51M 0.02%
16,035
+100
+0.6% +$15.9K
SBNY
516
DELISTED
Signature Bank
SBNY
$2.51M 0.02%
19,600
+600
+3% +$76.4K
CSL icon
517
Carlisle Companies
CSL
$15.4B
$2.5M 0.02%
20,420
-800
-4% -$92.4K
CRL icon
518
Charles River Laboratories
CRL
$12.8B
$2.5M 0.02%
17,200
+100
+0.6% +$13.1K
ALB icon
519
Albemarle
ALB
$15.5B
$2.5M 0.02%
30,440
– –
HII icon
520
Huntington Ingalls Industries
HII
$12.8B
$2.49M 0.02%
12,000
-300
-2% -$61.5K
EWBC icon
521
East-West Bancorp
EWBC
$18B
$2.48M 0.02%
51,700
– –
FIVE icon
522
Five Below
FIVE
$13.5B
$2.47M 0.02%
19,900
– –
ALLE icon
523
Allegion
ALLE
$14.4B
$2.47M 0.02%
27,185
– –
TER icon
524
Teradyne
TER
$59.3B
$2.47M 0.02%
61,900
-2,000
-3% -$74.7K
BRO icon
525
Brown & Brown
BRO
$23.9B
$2.44M 0.02%
82,800
-800
-1% -$22.8K
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 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.