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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
DCI icon
551
Donaldson
DCI
$11.4B
$1.98M 0.02%
45,620
-2,100
-4% -$109K
IVZ icon
552
Invesco
IVZ
$13.9B
$1.97M 0.02%
117,755
-4,700
-4% -$94.1K
DEI icon
553
Douglas Emmett
DEI
$1.96B
$1.96M 0.02%
57,500
-2,200
-4% -$79K
WHR icon
554
Whirlpool
WHR
$2.82B
$1.96M 0.02%
18,289
-900
-5% -$102K
AIV
555
Aimco
AIV
$383M
$1.95M 0.02%
334,263
-18,016
-5% -$107K
TECH icon
556
Bio-Techne
TECH
$11.3B
$1.95M 0.02%
54,000
-2,000
-4% -$83.5K
SBNY
557
DELISTED
Signature Bank
SBNY
$1.95M 0.02%
19,000
-1,500
-7% -$169K
SCG
558
DELISTED
Scana
SCG
$1.95M 0.02%
40,816
-1,700
-4% -$73K
HUBB icon
559
Hubbell
HUBB
$27.2B
$1.94M 0.02%
19,514
-700
-3% -$76.8K
CRL icon
560
Charles River Laboratories
CRL
$12.8B
$1.94M 0.02%
17,100
-700
-4% -$87.6K
SLG icon
561
SL Green Realty
SLG
$3.99B
$1.93M 0.02%
25,214
-1,446
-5% -$128K
FICO icon
562
Fair Isaac
FICO
$22.5B
$1.93M 0.02%
10,300
-500
-5% -$97.5K
RNR icon
563
RenaissanceRe
RNR
$13.4B
$1.93M 0.02%
14,400
-500
-3% -$65.3K
PHM icon
564
Pultegroup
PHM
$25.3B
$1.92M 0.02%
74,009
-3,900
-5% -$96.5K
PRAH
565
DELISTED
PRA Health Sciences, Inc.
PRAH
$1.91M 0.02%
20,800
-600
-3% -$60.7K
NGG icon
566
National Grid
NGG
$81.3B
$1.9M 0.02%
44,764
– –
SON icon
567
Sonoco
SON
$5.74B
$1.89M 0.02%
35,611
-1,200
-3% -$65.8K
GNTX icon
568
Gentex
GNTX
$5.07B
$1.89M 0.02%
93,400
-6,100
-6% -$128K
DNKN
569
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.89M 0.02%
29,400
-1,600
-5% -$114K
DNB
570
DELISTED
Dun & Bradstreet
DNB
$1.88M 0.02%
13,200
-500
-4% -$71.3K
MASI
571
DELISTED
Masimo
MASI
$1.87M 0.02%
17,400
-400
-2% -$44.6K
DVA icon
572
DaVita
DVA
$11.7B
$1.86M 0.02%
36,158
-1,600
-4% -$102K
HAE icon
573
Haemonetics
HAE
$4B
$1.84M 0.02%
18,400
-700
-4% -$73.5K
UNM icon
574
Unum
UNM
$14.3B
$1.84M 0.02%
62,669
-2,500
-4% -$87.5K
NATI
575
DELISTED
National Instruments Corp
NATI
$1.82M 0.02%
40,175
-1,400
-3% -$65.3K
21 22
23
24 25

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.