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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
FHN icon
651
First Horizon
FHN
$12.1B
$1.52M 0.01%
91,583
+900
+1% +$14.6K
HE icon
652
Hawaiian Electric Industries
HE
$2.14B
$1.5M 0.01%
32,040
+400
+1% +$17.9K
TOL icon
653
Toll Brothers
TOL
$14.5B
$1.5M 0.01%
38,000
+500
+1% +$20K
TECD
654
DELISTED
Tech Data Corp
TECD
$1.5M 0.01%
10,450
+100
+1% +$12.9K
EGP icon
655
EastGroup Properties
EGP
$10.9B
$1.5M 0.01%
11,300
+400
+4% +$52.5K
MANH icon
656
Manhattan Associates
MANH
$11.4B
$1.5M 0.01%
18,800
+100
+0.5% +$7.95K
WORK
657
DELISTED
Slack Technologies, Inc.
WORK
$1.49M 0.01%
+66,426
New +$1.48M
HIW icon
658
Highwoods Properties
HIW
$3.47B
$1.49M 0.01%
30,500
+400
+1% +$18.5K
SEE
659
DELISTED
Sealed Air
SEE
$1.49M 0.01%
37,348
+200
+0.5% +$7.92K
SLAB icon
660
Silicon Laboratories
SLAB
$7.23B
$1.49M 0.01%
12,800
+200
+2% +$21.9K
LSI
661
DELISTED
Life Storage, Inc.
LSI
$1.48M 0.01%
20,550
+300
+1% +$21.4K
NATI
662
DELISTED
National Instruments Corp
NATI
$1.47M 0.01%
34,675
+200
+0.6% +$8.36K
OGS icon
663
ONE Gas
OGS
$5.04B
$1.46M 0.01%
15,557
+300
+2% +$27.4K
UNM icon
664
Unum
UNM
$14.3B
$1.45M 0.01%
49,869
-300
-0.6% -$8.72K
WBS icon
665
Webster Financial
WBS
$12.8B
$1.44M 0.01%
27,050
+300
+1% +$14.4K
SRC
666
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.44M 0.01%
29,300
+3,200
+12% +$159K
BC icon
667
Brunswick
BC
$5.28B
$1.44M 0.01%
24,000
-900
-4% -$52.1K
CHDN icon
668
Churchill Downs
CHDN
$6.12B
$1.43M 0.01%
20,884
+200
+1% +$13K
FOX icon
669
Fox Class B
FOX
$23.9B
$1.43M 0.01%
39,285
+200
+0.5% +$6.72K
KMPR icon
670
Kemper
KMPR
$1.68B
$1.43M 0.01%
18,450
+300
+2% +$22.4K
EME icon
671
Emcor
EME
$36B
$1.42M 0.01%
16,500
+200
+1% +$17.6K
AGCO icon
672
AGCO
AGCO
$7.2B
$1.42M 0.01%
18,400
– –
BKH icon
673
Black Hills Corp
BKH
$5.69B
$1.42M 0.01%
18,090
+400
+2% +$30.8K
CRI icon
674
Carter's
CRI
$1.47B
$1.42M 0.01%
13,000
– –
VAC icon
675
Marriott Vacations Worldwide
VAC
$4.25B
$1.42M 0.01%
11,000
-200
-2% -$23.4K
25 26
27
28 29

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.