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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
POOL icon
526
Pool Corp
POOL
$7.5B
$2.14M 0.02%
14,400
-500
-3% -$74.8K
FIT
527
DELISTED
Fitbit, Inc. Class A common stock
FIT
$2.14M 0.02%
430,300
– –
CSL icon
528
Carlisle Companies
CSL
$15.4B
$2.13M 0.02%
21,220
-900
-4% -$92.6K
SABR icon
529
Sabre
SABR
$835M
$2.12M 0.02%
98,100
+5,500
+6% +$133K
POST icon
530
Post Holdings
POST
$3.57B
$2.12M 0.02%
36,366
-1,223
-3% -$73.7K
HRC
531
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$2.12M 0.02%
23,950
-600
-2% -$54.5K
MHK icon
532
Mohawk Industries
MHK
$9.22B
$2.11M 0.02%
18,036
-900
-5% -$120K
ATR icon
533
AptarGroup
ATR
$8.61B
$2.11M 0.02%
22,400
-600
-3% -$61.1K
EXEL icon
534
Exelixis
EXEL
$13.4B
$2.1M 0.02%
106,600
-3,600
-3% -$64.2K
TTC icon
535
Toro Company
TTC
$9.49B
$2.1M 0.02%
37,500
-1,400
-4% -$81.3K
MPT
536
Medical Properties Trust
MPT
$2.81B
$2.09M 0.02%
130,100
-4,800
-4% -$75.9K
ORI icon
537
Old Republic International
ORI
$10.4B
$2.09M 0.02%
101,427
-3,700
-4% -$79.3K
HWM icon
538
Howmet Aerospace
HWM
$112B
$2.08M 0.02%
160,567
-6,389
-4% -$99.8K
BWA icon
539
BorgWarner
BWA
$13.9B
$2.07M 0.02%
67,701
-2,954
-4% -$99K
JLL icon
540
Jones Lang LaSalle
JLL
$16.7B
$2.05M 0.02%
16,200
-600
-4% -$81.1K
FIVE icon
541
Five Below
FIVE
$13.5B
$2.04M 0.02%
19,900
-700
-3% -$77.4K
ACC
542
DELISTED
American Campus Communities, Inc.
ACC
$2.02M 0.02%
48,800
-1,900
-4% -$78.8K
PVH icon
543
PVH
PVH
$4.04B
$2.02M 0.02%
21,696
-1,200
-5% -$137K
BFH icon
544
Bread Financial
BFH
$4.38B
$2.01M 0.02%
16,794
-877
-5% -$138K
CFR icon
545
Cullen/Frost Bankers
CFR
$10.2B
$2M 0.02%
22,800
-800
-3% -$77.9K
TER icon
546
Teradyne
TER
$59.3B
$2M 0.02%
63,900
-5,100
-7% -$173K
RGLD icon
547
Royal Gold
RGLD
$19.5B
$2M 0.02%
23,400
-800
-3% -$61.6K
J icon
548
Jacobs Solutions
J
$17B
$2M 0.02%
41,360
-1,572
-4% -$89.9K
CBSH icon
549
Commerce Bancshares
CBSH
$8.5B
$2M 0.02%
49,823
-2,070
-4% -$88.7K
CONE
550
DELISTED
CyrusOne Inc Common Stock
CONE
$1.99M 0.02%
37,700
+1,000
+3% +$57.1K
20 21
22
23 24

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.