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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
IDTI
551
DELISTED
Integrated Device Technology I
IDTI
$2.25M 0.02%
46,020
– –
INGR icon
552
Ingredion
INGR
$6.58B
$2.25M 0.02%
23,800
-1,400
-6% -$132K
KIM icon
553
Kimco Realty
KIM
$16.4B
$2.25M 0.02%
121,438
+800
+0.7% +$13.7K
MHK icon
554
Mohawk Industries
MHK
$9.22B
$2.24M 0.02%
17,736
-300
-2% -$39.1K
DINO icon
555
HF Sinclair
DINO
$14.5B
$2.23M 0.02%
45,300
-300
-0.7% -$16K
EYE icon
556
National Vision
EYE
$1.81B
$2.22M 0.02%
+70,549
New +$2.22M
DNKN
557
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$2.21M 0.02%
29,500
+100
+0.3% +$7K
CC icon
558
Chemours
CC
$2.37B
$2.21M 0.02%
59,500
-1,500
-2% -$54.6K
NGG icon
559
National Grid
NGG
$81.3B
$2.21M 0.02%
44,764
– –
IVZ icon
560
Invesco
IVZ
$13.9B
$2.21M 0.02%
114,455
-3,300
-3% -$61.7K
BIO icon
561
Bio-Rad Laboratories Class A
BIO
$9.42B
$2.2M 0.02%
7,200
– –
SON icon
562
Sonoco
SON
$5.74B
$2.19M 0.02%
35,611
– –
CFR icon
563
Cullen/Frost Bankers
CFR
$10.2B
$2.18M 0.02%
22,500
-300
-1% -$29.8K
AOS icon
564
A.O. Smith
AOS
$8.7B
$2.18M 0.02%
40,900
-300
-0.7% -$14.9K
SLG icon
565
SL Green Realty
SLG
$3.99B
$2.17M 0.02%
24,904
-310
-1% -$26.9K
RS icon
566
Reliance Steel & Aluminium
RS
$21.6B
$2.16M 0.02%
23,900
-1,200
-5% -$100K
RNR icon
567
RenaissanceRe
RNR
$13.4B
$2.15M 0.02%
15,000
+600
+4% +$84K
M icon
568
Macy's
M
$6.68B
$2.13M 0.02%
88,630
+600
+0.7% +$15.2K
RGLD icon
569
Royal Gold
RGLD
$19.5B
$2.13M 0.02%
23,400
– –
ORI icon
570
Old Republic International
ORI
$10.4B
$2.12M 0.02%
101,427
– –
CPB icon
571
Campbell Soup
CPB
$6.87B
$2.12M 0.02%
55,559
+400
+0.7% +$14.1K
CTLT
572
DELISTED
CATALENT, INC.
CTLT
$2.11M 0.02%
51,900
+100
+0.2% +$3.91K
SABR icon
573
Sabre
SABR
$835M
$2.1M 0.02%
98,200
+100
+0.1% +$2.22K
DISH
574
DELISTED
DISH Network Corp.
DISH
$2.1M 0.02%
66,100
+500
+0.8% +$15.3K
UNM icon
575
Unum
UNM
$14.3B
$2.09M 0.02%
61,869
-800
-1% -$27.9K
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 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.