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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
SON icon
551
Sonoco
SON
$5.73B
$1.28M 0.01%
27,711
-1,700
-6% -$90.6K
RCL icon
552
Royal Caribbean
RCL
$81.4B
$1.27M 0.01%
39,372
-2,200
-5% -$201K
ETSY icon
553
Etsy
ETSY
$7.32B
$1.26M 0.01%
32,900
-2,000
-6% -$97.7K
PB icon
554
Prosperity Bancshares
PB
$8.9B
$1.26M 0.01%
26,200
-1,600
-6% -$104K
FCN icon
555
FTI Consulting
FCN
$4.21B
$1.26M 0.01%
10,500
-600
-5% -$70.6K
RGEN icon
556
Repligen
RGEN
$9.46B
$1.25M 0.01%
13,000
-800
-6% -$77.2K
WEX icon
557
WEX
WEX
$6.46B
$1.25M 0.01%
12,000
-100,700
-89% -$18.8M
XPO icon
558
XPO
XPO
$23.6B
$1.25M 0.01%
74,020
-4,626
-6% -$124K
LEA icon
559
Lear
LEA
$8.18B
$1.24M 0.01%
15,300
-900
-6% -$104K
WHR icon
560
Whirlpool
WHR
$2.85B
$1.24M 0.01%
14,489
-800
-5% -$105K
MKSI icon
561
MKS Inc
MKSI
$19.8B
$1.23M 0.01%
15,100
-900
-6% -$92.1K
SRCL
562
DELISTED
Stericycle Inc
SRCL
$1.23M 0.01%
25,281
-1,500
-6% -$88.4K
IDA icon
563
Idacorp
IDA
$8.14B
$1.23M 0.01%
13,980
-800
-5% -$82.3K
OGS icon
564
ONE Gas
OGS
$5.01B
$1.23M 0.01%
14,657
-900
-6% -$79.6K
NYT icon
565
New York Times
NYT
$10.3B
$1.23M 0.01%
39,900
-2,400
-6% -$82.4K
DNKN
566
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.22M 0.01%
23,000
-1,400
-6% -$97.1K
LAMR icon
567
Lamar Advertising Co
LAMR
$15.8B
$1.22M 0.01%
23,800
-1,500
-6% -$121K
LSI
568
DELISTED
Life Storage, Inc.
LSI
$1.22M 0.01%
19,350
-1,200
-6% -$85.7K
FLG
569
Flagstar Bank National Association
FLG
$5.89B
$1.22M 0.01%
43,223
-2,634
-6% -$87.5K
COR
570
DELISTED
Coresite Realty Corporation
COR
$1.22M 0.01%
10,500
-600
-5% -$66.8K
OSK icon
571
Oshkosh
OSK
$9.63B
$1.22M 0.01%
18,900
-1,100
-6% -$86.2K
CCL icon
572
Carnival Corporation Ltd
CCL
$37.9B
$1.21M 0.01%
91,760
-5,100
-5% -$181K
ORI icon
573
Old Republic International
ORI
$10.3B
$1.21M 0.01%
79,127
-4,800
-6% -$98.7K
SBNY
574
DELISTED
Signature Bank
SBNY
$1.21M 0.01%
15,000
-900
-6% -$113K
FRT icon
575
Federal Realty Investment Trust
FRT
$10.2B
$1.2M 0.01%
16,116
-900
-5% -$104K
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
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.