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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
PBCT
626
DELISTED
People's United Financial Inc
PBCT
$1.56M 0.01%
108,075
+4,100
+4% +$64.9K
LSI
627
DELISTED
Life Storage, Inc.
LSI
$1.54M 0.01%
24,900
-900
-3% -$57K
LFUS icon
628
Littelfuse
LFUS
$11.6B
$1.54M 0.01%
9,000
-300
-3% -$53.5K
GWR
629
DELISTED
Genesee & Wyoming Inc.
GWR
$1.54M 0.01%
20,800
-1,200
-5% -$96.2K
FBIN icon
630
Fortune Brands Innovations
FBIN
$6.06B
$1.54M 0.01%
47,343
-2,340
-5% -$88.4K
ROL icon
631
Rollins
ROL
$18.2B
$1.52M 0.01%
63,314
-2,474
-4% -$63.9K
FHN icon
632
First Horizon
FHN
$12.1B
$1.52M 0.01%
115,483
-4,700
-4% -$73.1K
JWN
633
DELISTED
Nordstrom
JWN
$1.52M 0.01%
32,592
-1,600
-5% -$90.3K
ITT icon
634
ITT
ITT
$19.1B
$1.51M 0.01%
31,200
-1,200
-4% -$63.4K
HP icon
635
Helmerich & Payne
HP
$3.71B
$1.5M 0.01%
31,192
-1,300
-4% -$79.8K
PRI icon
636
Primerica
PRI
$9.89B
$1.5M 0.01%
15,300
-600
-4% -$66.7K
OGS icon
637
ONE Gas
OGS
$5.04B
$1.49M 0.01%
18,757
-700
-4% -$57.7K
HRB icon
638
H&R Block
HRB
$5.86B
$1.49M 0.01%
58,798
-2,400
-4% -$64.1K
MMS icon
639
Maximus
MMS
$3.1B
$1.49M 0.01%
22,900
-900
-4% -$59.2K
BMS
640
DELISTED
Bemis
BMS
$1.49M 0.01%
32,400
-1,300
-4% -$60.6K
LOGM
641
DELISTED
LogMein, Inc.
LOGM
$1.49M 0.01%
18,202
-1,000
-5% -$84.3K
PB icon
642
Prosperity Bancshares
PB
$8.89B
$1.48M 0.01%
23,700
-800
-3% -$52.8K
ACM icon
643
Aecom
ACM
$9.75B
$1.48M 0.01%
55,700
-3,800
-6% -$116K
CABO icon
644
Cable One
CABO
$212M
$1.48M 0.01%
1,800
– –
WWD icon
645
Woodward
WWD
$21.4B
$1.47M 0.01%
19,800
-700
-3% -$54K
MDSO
646
DELISTED
Medidata Solutions, Inc.
MDSO
$1.47M 0.01%
21,800
-300
-1% -$21.2K
AMG icon
647
Affiliated Managers Group
AMG
$9.76B
$1.47M 0.01%
15,056
-900
-6% -$102K
IBKR icon
648
Interactive Brokers
IBKR
$39.8B
$1.47M 0.01%
107,200
-4,000
-4% -$53.3K
EV
649
DELISTED
Eaton Vance Corp.
EV
$1.46M 0.01%
41,500
-2,200
-5% -$93K
ETRN
650
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$1.45M 0.01%
+72,536
New +$1.53M
24 25
26
27 28

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.