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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
BABA icon
526
Alibaba
BABA
$308B
$1.41M 0.02%
7,256
-110,250
-94% -$23M
DAY
527
DELISTED
Dayforce
DAY
$1.4M 0.02%
28,000
-1,700
-6% -$113K
INGR icon
528
Ingredion
INGR
$6.59B
$1.4M 0.02%
18,500
-1,100
-6% -$94.5K
TXT icon
529
Textron
TXT
$15.2B
$1.4M 0.02%
52,337
-2,900
-5% -$117K
HAE icon
530
Haemonetics
HAE
$3.99B
$1.4M 0.02%
14,000
-900
-6% -$97.6K
DEI icon
531
Douglas Emmett
DEI
$1.92B
$1.39M 0.02%
45,700
-2,800
-6% -$109K
MGM icon
532
MGM Resorts International
MGM
$11B
$1.39M 0.02%
118,000
-6,500
-5% -$167K
FBIN icon
533
Fortune Brands Innovations
FBIN
$5.96B
$1.38M 0.02%
37,281
-2,106
-5% -$111K
HAL icon
534
Halliburton
HAL
$28.2B
$1.38M 0.02%
201,179
-11,100
-5% -$193K
ALB icon
535
Albemarle
ALB
$15.3B
$1.37M 0.02%
24,340
-1,300
-5% -$99.6K
SNA icon
536
Snap-on
SNA
$21.4B
$1.36M 0.02%
12,535
-700
-5% -$103K
CF icon
537
CF Industries
CF
$17.8B
$1.36M 0.02%
49,925
-2,700
-5% -$100K
DCI icon
538
Donaldson
DCI
$11.3B
$1.36M 0.02%
35,120
-2,100
-6% -$103K
CASY icon
539
Casey's General Stores
CASY
$31.2B
$1.35M 0.01%
10,200
-600
-6% -$97.2K
DISCK
540
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$1.35M 0.01%
76,946
-4,200
-5% -$108K
STLD icon
541
Steel Dynamics
STLD
$37.9B
$1.35M 0.01%
59,800
-3,600
-6% -$98.6K
WYNN icon
542
Wynn Resorts
WYNN
$10.7B
$1.33M 0.01%
22,170
-1,200
-5% -$134K
FAF icon
543
First American
FAF
$7.39B
$1.32M 0.01%
31,200
-1,900
-6% -$109K
VNO icon
544
Vornado Realty Trust
VNO
$7.33B
$1.32M 0.01%
36,350
-2,000
-5% -$114K
PHM icon
545
Pultegroup
PHM
$25.2B
$1.3M 0.01%
58,409
-3,200
-5% -$124K
HE icon
546
Hawaiian Electric Industries
HE
$2.06B
$1.3M 0.01%
30,240
-1,800
-6% -$83.2K
ACM icon
547
Aecom
ACM
$8.65B
$1.3M 0.01%
43,500
-2,700
-6% -$115K
TREX icon
548
Trex
TREX
$5.06B
$1.3M 0.01%
32,400
-2,000
-6% -$93.7K
KMPR icon
549
Kemper
KMPR
$1.56B
$1.29M 0.01%
17,350
-1,100
-6% -$82.4K
TECD
550
DELISTED
Tech Data Corp
TECD
$1.29M 0.01%
9,850
-600
-6% -$83.2K
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
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.