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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
ACM icon
651
Aecom
ACM
$9.75B
$1.65M 0.01%
55,600
-100
-0.2% -$2.99K
THG icon
652
Hanover Insurance
THG
$7.98B
$1.65M 0.01%
14,450
-600
-4% -$69.1K
KMPR icon
653
Kemper
KMPR
$1.68B
$1.65M 0.01%
21,650
– –
WSO icon
654
Watsco Inc
WSO
$13.6B
$1.65M 0.01%
11,500
+100
+0.9% +$14.3K
NSP icon
655
Insperity
NSP
$2.01B
$1.65M 0.01%
13,300
-300
-2% -$34.2K
HOG icon
656
Harley-Davidson
HOG
$2.71B
$1.64M 0.01%
45,977
-600
-1% -$21.8K
PB icon
657
Prosperity Bancshares
PB
$8.89B
$1.64M 0.01%
23,700
– –
CRI icon
658
Carter's
CRI
$1.47B
$1.63M 0.01%
16,200
-100
-0.6% -$8.92K
JBGS
659
JBG SMITH
JBGS
$708M
$1.63M 0.01%
39,325
+500
+1% +$19.6K
MDSO
660
DELISTED
Medidata Solutions, Inc.
MDSO
$1.63M 0.01%
22,200
+400
+2% +$28.9K
PACW
661
DELISTED
PacWest Bancorp
PACW
$1.62M 0.01%
43,100
-300
-0.7% -$11.6K
CACI icon
662
CACI
CACI
$14.2B
$1.62M 0.01%
8,900
– –
LSI
663
DELISTED
Life Storage, Inc.
LSI
$1.61M 0.01%
24,900
– –
MMS icon
664
Maximus
MMS
$3.1B
$1.61M 0.01%
22,700
-200
-0.9% -$14K
GAP
665
The Gap Inc
GAP
$7.37B
$1.61M 0.01%
61,546
+400
+0.7% +$10.2K
WSM icon
666
Williams-Sonoma
WSM
$29.6B
$1.61M 0.01%
57,200
– –
LFUS icon
667
Littelfuse
LFUS
$11.6B
$1.61M 0.01%
8,800
-200
-2% -$36.9K
AMG icon
668
Affiliated Managers Group
AMG
$9.76B
$1.6M 0.01%
14,956
-100
-0.7% -$10.6K
SKX
669
DELISTED
Skechers
SKX
$1.6M 0.01%
47,600
-100
-0.2% -$2.99K
FR icon
670
First Industrial Realty Trust
FR
$8.44B
$1.59M 0.01%
45,100
+100
+0.2% +$3.29K
LEG icon
671
Leggett & Platt
LEG
$1.31B
$1.59M 0.01%
37,777
+400
+1% +$16.8K
AGCO icon
672
AGCO
AGCO
$7.2B
$1.59M 0.01%
22,900
-500
-2% -$32.4K
HAE icon
673
Haemonetics
HAE
$4B
$1.59M 0.01%
18,200
-200
-1% -$18.2K
FHN icon
674
First Horizon
FHN
$12.1B
$1.59M 0.01%
113,483
-2,000
-2% -$29.6K
HE icon
675
Hawaiian Electric Industries
HE
$2.14B
$1.58M 0.01%
38,840
– –
25 26
27
28 29

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FAM
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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)
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CAM
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Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
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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.