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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
+8.49%
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
$12.1B
AUM Growth
+$1.06B
Cap. Flow
+$176M
Cap. Flow %
1.45%
Top 10 Hldgs %
21.16%
Holding
973
New
29
Increased
606
Reduced
214
Closed
26

Top Buys

Rank Stock Value
1
UGI icon
UGI
UGI
+$91.7M
2
EXC icon
Exelon
EXC
+$90.8M
3
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$86.9M
4
PINS icon
Pinterest
PINS
+$57.6M
5
TDG icon
TransDigm Group
TDG
+$43.7M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$92.3M
2
HD icon
Home Depot
HD
+$58M
3
DIS icon
Walt Disney
DIS
+$57.7M
4
HON icon
Honeywell
HON
+$53.2M
5
IBM icon
IBM
IBM
+$50.8M

Sector Composition

Rank Sector Weight
1 Technology 17.7%
2 Financials 14.22%
3 Healthcare 12.86%
4 Real Estate 10.39%
5 Industrials 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CFR icon
626
Cullen/Frost Bankers
CFR
$10.2B
$1.64M 0.01%
16,800
+300
+2% +$27.9K
SAFE
627
Safehold
SAFE
$1.15B
$1.64M 0.01%
+23,190
New +$1.47M
EPR icon
628
EPR Properties
EPR
$4.77B
$1.63M 0.01%
23,100
+600
+3% +$44.3K
DVA icon
629
DaVita
DVA
$11.7B
$1.63M 0.01%
21,658
-1,600
-7% -$106K
LEG icon
630
Leggett & Platt
LEG
$1.31B
$1.62M 0.01%
31,877
+300
+1% +$14.7K
IVZ icon
631
Invesco
IVZ
$13.9B
$1.62M 0.01%
90,055
-2,600
-3% -$44.4K
AYI icon
632
Acuity Brands
AYI
$10.8B
$1.61M 0.01%
11,700
+100
+0.9% +$12.9K
PRI icon
633
Primerica
PRI
$9.89B
$1.59M 0.01%
12,200
– –
JBLU icon
634
JetBlue
JBLU
$2.29B
$1.59M 0.01%
84,923
-1,000
-1% -$18.6K
AMED
635
DELISTED
Amedisys
AMED
$1.59M 0.01%
9,500
+200
+2% +$29.7K
JEF icon
636
Jefferies Financial Group
JEF
$13.1B
$1.58M 0.01%
77,557
+1,255
+2% +$23.7K
IDA icon
637
Idacorp
IDA
$8.2B
$1.58M 0.01%
14,780
+200
+1% +$21.4K
THG icon
638
Hanover Insurance
THG
$7.98B
$1.58M 0.01%
11,550
+100
+0.9% +$13.5K
AOS icon
639
A.O. Smith
AOS
$8.7B
$1.58M 0.01%
33,100
-200
-0.6% -$9.7K
FLS icon
640
Flowserve
FLS
$10.2B
$1.58M 0.01%
31,675
+100
+0.3% +$4.79K
KEX icon
641
Kirby Corp
KEX
$6.93B
$1.58M 0.01%
17,600
+200
+1% +$16.6K
EXEL icon
642
Exelixis
EXEL
$13.4B
$1.57M 0.01%
89,400
+1,500
+2% +$25.4K
PEN icon
643
Penumbra
PEN
$12.8B
$1.56M 0.01%
9,500
+200
+2% +$31.8K
EV
644
DELISTED
Eaton Vance Corp.
EV
$1.55M 0.01%
33,300
+500
+2% +$23.1K
FR icon
645
First Industrial Realty Trust
FR
$8.44B
$1.55M 0.01%
37,400
+700
+2% +$28.9K
HQY icon
646
HealthEquity
HQY
$8.75B
$1.55M 0.01%
20,900
+400
+2% +$25K
ETSY icon
647
Etsy
ETSY
$7.85B
$1.55M 0.01%
34,900
– –
SNX icon
648
TD Synnex
SNX
$20.2B
$1.55M 0.01%
24,008
+200
+0.8% +$12.1K
TREX icon
649
Trex
TREX
$5.01B
$1.55M 0.01%
34,400
+400
+1% +$17.6K
WOLF icon
650
Wolfspeed
WOLF
$1.71B
$1.55M 0.01%
33,500
+700
+2% +$32.7K
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 2019 Portfolio in Review

As of Q4 2019, State of Michigan Retirement System held 973 positions worth $12.1B, up 9.6% from $11B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

State of Michigan Retirement System's Q4 2019 filing shows 29 new, 606 increased, 214 reduced and 26 closed positions. Its largest new stake was Pinterest: 2,666,569 shares worth $49.7M. The largest sale was JPMorgan Chase, an estimated $92.3M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q4 2019 buy was Pinterest: 2,666,569 shares worth $49.7M.
  • State of Michigan Retirement System added most to UGI in Q4 2019, an estimated $91.7M increase.
  • State of Michigan Retirement System's biggest Q4 2019 reduction was JPMorgan Chase, cutting an estimated $92.3M.
  • State of Michigan Retirement System fully exited Celgene Corp in Q4 2019, selling an estimated $16.9M.
  • State of Michigan Retirement System's ten largest holdings make up 21% of its $12.1B portfolio in Q4 2019.
  • State of Michigan Retirement System opened 29 new positions and closed 26 in Q4 2019.
  • State of Michigan Retirement System's portfolio value rose 9.6% quarter-over-quarter to $12.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2019, filed 24 Jan 2020.