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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
AIV
576
Aimco
AIV
$382M
$1.2M 0.01%
256,357
-14,263
-5% -$91.3K
SAFE
577
Safehold
SAFE
$1.1B
$1.2M 0.01%
23,190
– –
LNC icon
578
Lincoln National
LNC
$8.61B
$1.2M 0.01%
45,481
-2,500
-5% -$119K
MDU icon
579
MDU Resources
MDU
$4.31B
$1.2M 0.01%
146,122
-8,941
-6% -$94.1K
CUZ icon
580
Cousins Properties
CUZ
$4.87B
$1.19M 0.01%
40,720
-2,500
-6% -$92.6K
AOS icon
581
A.O. Smith
AOS
$8.64B
$1.19M 0.01%
31,400
-1,700
-5% -$72.4K
FR icon
582
First Industrial Realty Trust
FR
$8.38B
$1.17M 0.01%
35,300
-2,100
-6% -$83.3K
LECO icon
583
Lincoln Electric
LECO
$15.6B
$1.17M 0.01%
17,000
-1,000
-6% -$85.7K
DISH
584
DELISTED
DISH Network Corp.
DISH
$1.17M 0.01%
58,700
-3,200
-5% -$104K
OC icon
585
Owens Corning
OC
$12.5B
$1.17M 0.01%
30,200
-1,800
-6% -$101K
ARW icon
586
Arrow Electronics
ARW
$10.5B
$1.17M 0.01%
22,562
-1,400
-6% -$99.5K
AXON
587
Axon Enterprise
AXON
$51.6B
$1.17M 0.01%
16,500
-1,000
-6% -$74.9K
ROL icon
588
Rollins
ROL
$17.8B
$1.16M 0.01%
48,312
-2,700
-5% -$66.6K
NWL icon
589
Newell Brands
NWL
$2.59B
$1.16M 0.01%
87,371
-4,800
-5% -$82.6K
UTHR icon
590
United Therapeutics
UTHR
$22.2B
$1.16M 0.01%
12,200
-700
-5% -$66.5K
BWA icon
591
BorgWarner
BWA
$14.1B
$1.15M 0.01%
53,728
-2,954
-5% -$85.4K
PNR icon
592
Pentair
PNR
$10.7B
$1.15M 0.01%
38,602
-2,100
-5% -$84.4K
LOGM
593
DELISTED
LogMein, Inc.
LOGM
$1.13M 0.01%
13,602
-800
-6% -$67.5K
PBCT
594
DELISTED
People's United Financial Inc
PBCT
$1.13M 0.01%
101,775
-5,600
-5% -$83.1K
SMG icon
595
ScottsMiracle-Gro
SMG
$3.61B
$1.12M 0.01%
10,975
-700
-6% -$77K
EGP icon
596
EastGroup Properties
EGP
$10.9B
$1.12M 0.01%
10,700
-600
-5% -$75.8K
KNX icon
597
Knight Transportation
KNX
$11.1B
$1.12M 0.01%
34,100
-2,100
-6% -$74.3K
CDK
598
DELISTED
CDK Global, Inc.
CDK
$1.11M 0.01%
33,700
-2,000
-6% -$95.5K
SEDG icon
599
SolarEdge
SEDG
$2.05B
$1.1M 0.01%
13,500
-800
-6% -$84.6K
LM
600
DELISTED
Legg Mason, Inc.
LM
$1.1M 0.01%
22,600
-1,400
-6% -$61.1K
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
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.