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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
AYI icon
601
Acuity Brands
AYI
$10.8B
$1.64M 0.01%
14,300
-600
-4% -$74.1K
CY
602
DELISTED
Cypress Semiconductor
CY
$1.64M 0.01%
129,000
-4,700
-4% -$62.3K
DISH
603
DELISTED
DISH Network Corp.
DISH
$1.64M 0.01%
65,600
-2,700
-4% -$84.8K
CPRI icon
604
Capri Holdings
CPRI
$1.74B
$1.63M 0.01%
43,048
-1,400
-3% -$70.4K
NKTR icon
605
Nektar Therapeutics
NKTR
$2.58B
$1.63M 0.01%
3,307
-120
-4% -$72.4K
WBS icon
606
Webster Financial
WBS
$12.8B
$1.62M 0.01%
32,850
-1,300
-4% -$74.2K
RL icon
607
Ralph Lauren
RL
$23.6B
$1.62M 0.01%
15,641
-800
-5% -$94.3K
MPWR icon
608
Monolithic Power Systems
MPWR
$68.9B
$1.62M 0.01%
13,900
-500
-3% -$59.8K
CHE icon
609
Chemed
CHE
$7.22B
$1.61M 0.01%
5,700
-300
-5% -$90.5K
TDC icon
610
Teradata
TDC
$2.55B
$1.61M 0.01%
42,100
-1,900
-4% -$69.5K
CTLT
611
DELISTED
CATALENT, INC.
CTLT
$1.61M 0.01%
51,800
-1,800
-3% -$69.4K
WH icon
612
Wyndham Hotels & Resorts
WH
$5.48B
$1.6M 0.01%
35,337
-1,600
-4% -$77.6K
WPX
613
DELISTED
WPX Energy, Inc.
WPX
$1.6M 0.01%
140,800
-5,200
-4% -$78.8K
CW icon
614
Curtiss-Wright
CW
$25.5B
$1.59M 0.01%
15,600
-700
-4% -$78.2K
LIVN icon
615
LivaNova
LIVN
$4.2B
$1.59M 0.01%
17,400
-600
-3% -$64.4K
TOL icon
616
Toll Brothers
TOL
$14.5B
$1.59M 0.01%
48,300
-1,800
-4% -$57.8K
HOG icon
617
Harley-Davidson
HOG
$2.71B
$1.59M 0.01%
46,577
-3,100
-6% -$122K
PII icon
618
Polaris
PII
$4.07B
$1.59M 0.01%
20,700
-900
-4% -$80.9K
WSO icon
619
Watsco Inc
WSO
$13.6B
$1.59M 0.01%
11,400
-500
-4% -$76.2K
TRIP icon
620
TripAdvisor
TRIP
$1.26B
$1.58M 0.01%
29,354
-1,100
-4% -$60.9K
ASH icon
621
Ashland
ASH
$3.5B
$1.58M 0.01%
22,253
-800
-3% -$61.7K
GAP
622
The Gap Inc
GAP
$7.37B
$1.57M 0.01%
61,146
-3,500
-5% -$93.5K
NFG icon
623
National Fuel Gas
NFG
$7.65B
$1.57M 0.01%
30,680
-1,100
-3% -$60.3K
OSK icon
624
Oshkosh
OSK
$9.59B
$1.57M 0.01%
25,600
-1,400
-5% -$89.7K
SEE
625
DELISTED
Sealed Air
SEE
$1.57M 0.01%
44,948
-2,400
-5% -$83.7K
23 24
25
26 27

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.