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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
XPO icon
576
XPO
XPO
$23.7B
$2.09M 0.02%
+112,475
New +$2.16M
SEE
577
DELISTED
Sealed Air
SEE
$2.07M 0.02%
44,848
-100
-0.2% -$4.15K
EHC icon
578
Encompass Health
EHC
$12.4B
$2.06M 0.02%
44,246
-126
-0.3% -$6.38K
PHM icon
579
Pultegroup
PHM
$25.3B
$2.06M 0.02%
73,509
-500
-0.7% -$13.6K
EPR icon
580
EPR Properties
EPR
$4.77B
$2.05M 0.02%
26,700
+200
+0.8% +$14.5K
XEC
581
DELISTED
CIMAREX ENERGY CO
XEC
$2.05M 0.02%
29,280
+1,900
+7% +$137K
FAF icon
582
First American
FAF
$7.58B
$2.04M 0.02%
39,700
-100
-0.3% -$4.96K
CBSH icon
583
Commerce Bancshares
CBSH
$8.5B
$2.04M 0.02%
49,541
-282
-0.6% -$12.1K
CONE
584
DELISTED
CyrusOne Inc Common Stock
CONE
$2.02M 0.02%
38,600
+900
+2% +$47.1K
PNR icon
585
Pentair
PNR
$11B
$2.02M 0.02%
45,402
-300
-0.7% -$12.5K
CPRI icon
586
Capri Holdings
CPRI
$1.74B
$2.01M 0.02%
43,948
+900
+2% +$39.3K
ALK icon
587
Alaska Air
ALK
$5.58B
$1.99M 0.02%
35,496
+200
+0.6% +$12.2K
DVA icon
588
DaVita
DVA
$11.7B
$1.98M 0.02%
36,458
+300
+0.8% +$16.6K
RL icon
589
Ralph Lauren
RL
$23.6B
$1.98M 0.02%
15,241
-400
-3% -$47.6K
FL
590
DELISTED
Foot Locker
FL
$1.97M 0.02%
32,528
-400
-1% -$23.3K
VSM
591
DELISTED
Versum Materials, Inc.
VSM
$1.96M 0.02%
38,901
– –
BRX icon
592
Brixmor Property Group
BRX
$9.32B
$1.96M 0.02%
+106,500
New +$1.82M
SNV
593
DELISTED
Synovus
SNV
$1.95M 0.02%
56,705
+15,200
+37% +$558K
CY
594
DELISTED
Cypress Semiconductor
CY
$1.94M 0.02%
129,700
+700
+0.5% +$10.2K
FLG
595
Flagstar Bank National Association
FLG
$5.82B
$1.93M 0.02%
55,523
-2,734
-5% -$94.1K
FBIN icon
596
Fortune Brands Innovations
FBIN
$6.06B
$1.93M 0.02%
47,343
– –
CIEN icon
597
Ciena
CIEN
$58.4B
$1.92M 0.02%
51,300
+700
+1% +$27.2K
GNTX icon
598
Gentex
GNTX
$5.07B
$1.91M 0.02%
92,400
-1,000
-1% -$20.9K
MPWR icon
599
Monolithic Power Systems
MPWR
$68.9B
$1.91M 0.02%
14,100
+200
+1% +$26.3K
WWD icon
600
Woodward
WWD
$21.4B
$1.89M 0.02%
19,900
+100
+0.5% +$8.84K
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 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.