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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
ZION icon
526
Zions Bancorporation
ZION
$10.3B
$2.43M 0.02%
53,606
-1,400
-3% -$66.8K
NDSN icon
527
Nordson
NDSN
$17.3B
$2.43M 0.02%
18,360
-300
-2% -$39.1K
WHR icon
528
Whirlpool
WHR
$2.82B
$2.43M 0.02%
18,289
– –
NLSN
529
DELISTED
Nielsen Holdings plc
NLSN
$2.42M 0.02%
102,444
+800
+0.8% +$20.7K
AFG icon
530
American Financial Group
AFG
$12.1B
$2.42M 0.02%
25,190
+100
+0.4% +$9.58K
MASI
531
DELISTED
Masimo
MASI
$2.41M 0.02%
17,400
– –
SEIC icon
532
SEI Investments
SEIC
$12.6B
$2.4M 0.02%
46,000
-600
-1% -$30K
GL icon
533
Globe Life
GL
$14.3B
$2.39M 0.02%
29,210
-200
-0.7% -$16.4K
ATR icon
534
AptarGroup
ATR
$8.61B
$2.38M 0.02%
22,400
– –
HWM icon
535
Howmet Aerospace
HWM
$112B
$2.38M 0.02%
162,132
+1,565
+1% +$22.4K
ARW icon
536
Arrow Electronics
ARW
$10.4B
$2.33M 0.02%
30,262
-800
-3% -$61.4K
IPG
537
DELISTED
Interpublic Group of Companies
IPG
$2.33M 0.02%
110,929
+900
+0.8% +$20K
DEI icon
538
Douglas Emmett
DEI
$1.96B
$2.33M 0.02%
57,600
+100
+0.2% +$3.8K
ACC
539
DELISTED
American Campus Communities, Inc.
ACC
$2.32M 0.02%
48,800
– –
WU icon
540
Western Union
WU
$2.21B
$2.32M 0.02%
125,626
-1,100
-0.9% -$19.8K
AIV
541
Aimco
AIV
$383M
$2.32M 0.02%
345,688
+11,425
+3% +$73.7K
PRAH
542
DELISTED
PRA Health Sciences, Inc.
PRAH
$2.32M 0.02%
21,000
+200
+1% +$20.9K
WTRG icon
543
Essential Utilities
WTRG
$11.4B
$2.31M 0.02%
63,516
+100
+0.2% +$3.52K
WOLF icon
544
Wolfspeed
WOLF
$1.71B
$2.31M 0.02%
40,430
+200
+0.5% +$10.3K
BFH icon
545
Bread Financial
BFH
$4.38B
$2.31M 0.02%
16,543
-251
-1% -$34.2K
POOL icon
546
Pool Corp
POOL
$7.5B
$2.31M 0.02%
14,000
-400
-3% -$62.1K
OLED icon
547
Universal Display
OLED
$4.19B
$2.31M 0.02%
15,100
– –
BWA icon
548
BorgWarner
BWA
$13.9B
$2.3M 0.02%
68,042
+341
+0.5% +$11.8K
HUBB icon
549
Hubbell
HUBB
$27.2B
$2.29M 0.02%
19,414
-100
-0.5% -$11.3K
DCI icon
550
Donaldson
DCI
$11.4B
$2.28M 0.02%
45,620
– –
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 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.