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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
CPB icon
576
Campbell Soup
CPB
$6.87B
$1.82M 0.02%
55,159
-2,200
-4% -$83.2K
LECO icon
577
Lincoln Electric
LECO
$15.4B
$1.81M 0.02%
23,000
-1,100
-5% -$91.3K
RS icon
578
Reliance Steel & Aluminium
RS
$21.6B
$1.79M 0.02%
25,100
-1,700
-6% -$134K
ARRS
579
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.78M 0.02%
58,300
-4,400
-7% -$122K
FAF icon
580
First American
FAF
$7.58B
$1.78M 0.02%
39,800
-1,500
-4% -$69.6K
KIM icon
581
Kimco Realty
KIM
$16.4B
$1.77M 0.02%
120,638
-4,900
-4% -$76.9K
AOS icon
582
A.O. Smith
AOS
$8.7B
$1.76M 0.02%
41,200
-1,900
-4% -$87.4K
THG icon
583
Hanover Insurance
THG
$7.98B
$1.76M 0.02%
15,050
-700
-4% -$78.5K
FL
584
DELISTED
Foot Locker
FL
$1.75M 0.02%
32,928
-1,900
-5% -$95.4K
JBLU icon
585
JetBlue
JBLU
$2.29B
$1.74M 0.02%
108,623
-7,100
-6% -$124K
PNR icon
586
Pentair
PNR
$11B
$1.73M 0.02%
45,702
-2,400
-5% -$97K
FLIR
587
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.72M 0.02%
39,585
-1,500
-4% -$73.8K
CC icon
588
Chemours
CC
$2.37B
$1.72M 0.02%
61,000
-4,400
-7% -$139K
WOLF icon
589
Wolfspeed
WOLF
$1.71B
$1.72M 0.02%
40,230
+2,630
+7% +$107K
CIEN icon
590
Ciena
CIEN
$58.4B
$1.72M 0.02%
50,600
-2,100
-4% -$66.6K
EQT icon
591
EQT Corp
EQT
$32.3B
$1.71M 0.02%
90,670
-53,847
-37% -$1.09M
EPR icon
592
EPR Properties
EPR
$4.77B
$1.7M 0.02%
26,500
-1,000
-4% -$68.8K
UTHR icon
593
United Therapeutics
UTHR
$23.1B
$1.69M 0.02%
15,500
-600
-4% -$69.6K
XEC
594
DELISTED
CIMAREX ENERGY CO
XEC
$1.69M 0.02%
27,380
-1,000
-4% -$82.1K
BBWI icon
595
Bath & Body Works
BBWI
$4.1B
$1.68M 0.02%
80,831
-3,339
-4% -$84.1K
IDA icon
596
Idacorp
IDA
$8.2B
$1.67M 0.02%
17,980
-700
-4% -$68.4K
BIO icon
597
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.67M 0.02%
7,200
-200
-3% -$53.7K
CASY icon
598
Casey's General Stores
CASY
$30.9B
$1.67M 0.01%
13,000
-500
-4% -$63.6K
MDU icon
599
MDU Resources
MDU
$4.32B
$1.67M 0.01%
183,729
-6,838
-4% -$66.7K
FLG
600
Flagstar Bank National Association
FLG
$5.82B
$1.65M 0.01%
58,257
-2,200
-4% -$64.2K
22 23
24
25 26

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.