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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
ITT icon
601
ITT
ITT
$19.4B
$1.1M 0.01%
24,300
-1,500
-6% -$93K
CW icon
602
Curtiss-Wright
CW
$26.1B
$1.1M 0.01%
11,900
-700
-6% -$89.7K
MRCY icon
603
Mercury Systems
MRCY
$6.55B
$1.1M 0.01%
15,400
-900
-6% -$68.2K
FLO icon
604
Flowers Foods
FLO
$1.52B
$1.09M 0.01%
53,350
-3,300
-6% -$72K
BKH icon
605
Black Hills Corp
BKH
$5.59B
$1.09M 0.01%
17,090
-1,000
-6% -$75.6K
FIVE icon
606
Five Below
FIVE
$13B
$1.09M 0.01%
15,500
-900
-5% -$91.6K
ICUI icon
607
ICU Medical
ICUI
$4.55B
$1.09M 0.01%
5,400
-300
-5% -$57.7K
AAL icon
608
American Airlines Group
AAL
$10.1B
$1.09M 0.01%
89,356
-4,900
-5% -$112K
NATI
609
DELISTED
National Instruments Corp
NATI
$1.08M 0.01%
32,675
-2,000
-6% -$79.9K
WORK
610
DELISTED
Slack Technologies, Inc.
WORK
$1.08M 0.01%
40,251
-26,175
-39% -$631K
TTEK icon
611
Tetra Tech
TTEK
$9.06B
$1.07M 0.01%
76,000
-4,500
-6% -$76.6K
BEN icon
612
Franklin Resources
BEN
$16.9B
$1.07M 0.01%
63,960
-3,500
-5% -$80.3K
SWX icon
613
Southwest Gas
SWX
$6.63B
$1.06M 0.01%
15,200
-900
-6% -$64.7K
ACC
614
DELISTED
American Campus Communities, Inc.
ACC
$1.06M 0.01%
38,100
-2,300
-6% -$96.1K
CRUS icon
615
Cirrus Logic
CRUS
$6.11B
$1.05M 0.01%
16,000
-1,000
-6% -$73.9K
SR icon
616
Spire
SR
$4.87B
$1.05M 0.01%
14,100
-900
-6% -$72.1K
ZION icon
617
Zions Bancorporation
ZION
$10.4B
$1.05M 0.01%
39,106
-2,100
-5% -$86.5K
CZR
618
DELISTED
Caesars Entertainment Corporation
CZR
$1.05M 0.01%
154,800
-9,400
-6% -$111K
LSTR icon
619
Landstar System
LSTR
$6.03B
$1.04M 0.01%
10,900
-700
-6% -$74.5K
JBGS
620
JBG SMITH
JBGS
$664M
$1.04M 0.01%
32,725
-2,000
-6% -$75.2K
EWBC icon
621
East-West Bancorp
EWBC
$18.2B
$1.04M 0.01%
40,400
-2,500
-6% -$104K
MHK icon
622
Mohawk Industries
MHK
$9.26B
$1.04M 0.01%
13,636
-700
-5% -$82.9K
PWR icon
623
Quanta Services
PWR
$101B
$1.04M 0.01%
32,656
-1,800
-5% -$66.9K
HR
624
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.04M 0.01%
37,100
-2,300
-6% -$78.1K
GRUB
625
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$1.03M 0.01%
12,700
-750
-6% -$73.7K
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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 1-Year Est. Return
Jacobs Levy Equity Management
Jacobs Levy Equity Management Florham Park, New Jersey $23.8B AUM 25.4% 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.