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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
LECO icon
601
Lincoln Electric
LECO
$15.4B
$1.89M 0.02%
22,500
-500
-2% -$42.4K
EQT icon
602
EQT Corp
EQT
$32.3B
$1.88M 0.02%
90,770
+100
+0.1% +$1.96K
OSK icon
603
Oshkosh
OSK
$9.59B
$1.88M 0.02%
25,000
-600
-2% -$44.3K
NFG icon
604
National Fuel Gas
NFG
$7.65B
$1.88M 0.02%
30,780
+100
+0.3% +$5.81K
HBI
605
DELISTED
Hanesbrands
HBI
$1.86M 0.02%
104,192
+900
+0.9% +$14.9K
PBCT
606
DELISTED
People's United Financial Inc
PBCT
$1.86M 0.01%
113,275
+5,200
+5% +$86.6K
FLIR
607
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.86M 0.01%
39,085
-500
-1% -$24.2K
PRI icon
608
Primerica
PRI
$9.89B
$1.86M 0.01%
15,200
-100
-0.7% -$11.5K
WPX
609
DELISTED
WPX Energy, Inc.
WPX
$1.85M 0.01%
140,900
+100
+0.1% +$1.25K
XRX icon
610
Xerox
XRX
$425M
$1.84M 0.01%
57,618
-1,700
-3% -$47.9K
ARRS
611
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.84M 0.01%
58,300
– –
UTHR icon
612
United Therapeutics
UTHR
$23.1B
$1.83M 0.01%
15,600
+100
+0.6% +$11.7K
TDC icon
613
Teradata
TDC
$2.55B
$1.82M 0.01%
41,800
-300
-0.7% -$13.5K
CHE icon
614
Chemed
CHE
$7.22B
$1.82M 0.01%
5,700
– –
BBWI icon
615
Bath & Body Works
BBWI
$4.1B
$1.82M 0.01%
81,449
+618
+0.8% +$13.6K
ITT icon
616
ITT
ITT
$19.1B
$1.81M 0.01%
31,200
– –
CZR
617
DELISTED
Caesars Entertainment Corporation
CZR
$1.81M 0.01%
+207,800
New +$1.8M
MDU icon
618
MDU Resources
MDU
$4.32B
$1.8M 0.01%
183,729
– –
BMS
619
DELISTED
Bemis
BMS
$1.8M 0.01%
32,500
+100
+0.3% +$5.09K
MKSI icon
620
MKS Inc
MKSI
$20.6B
$1.8M 0.01%
19,300
+100
+0.5% +$8.06K
IDA icon
621
Idacorp
IDA
$8.2B
$1.79M 0.01%
17,980
– –
JBLU icon
622
JetBlue
JBLU
$2.29B
$1.79M 0.01%
109,223
+600
+0.6% +$10.3K
MAN icon
623
ManpowerGroup
MAN
$2.63B
$1.78M 0.01%
21,530
-500
-2% -$39.4K
NATI
624
DELISTED
National Instruments Corp
NATI
$1.78M 0.01%
40,075
-100
-0.2% -$4.53K
ROL icon
625
Rollins
ROL
$18.2B
$1.77M 0.01%
63,762
+448
+0.7% +$11.7K
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 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.