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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
CCMP
651
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$925K 0.01%
8,100
-500
-6% -$69.8K
IBKR icon
652
Interactive Brokers
IBKR
$40.7B
$920K 0.01%
85,200
-5,200
-6% -$62.9K
SAM icon
653
Boston Beer
SAM
$1.85B
$919K 0.01%
2,500
-200
-7% -$74.2K
WSM icon
654
Williams-Sonoma
WSM
$29.5B
$914K 0.01%
43,000
-2,600
-6% -$82.6K
GMED icon
655
Globus Medical
GMED
$11.4B
$910K 0.01%
21,400
-1,300
-6% -$64.2K
JEF icon
656
Jefferies Financial Group
JEF
$12.7B
$907K 0.01%
69,398
-8,159
-11% -$156K
LFUS icon
657
Littelfuse
LFUS
$11.5B
$907K 0.01%
6,800
-400
-6% -$66.9K
IPGP icon
658
IPG Photonics
IPGP
$3.65B
$904K 0.01%
8,200
-400
-5% -$52.3K
NJR icon
659
New Jersey Resources
NJR
$5.55B
$900K 0.01%
26,500
-1,600
-6% -$62.4K
NFG icon
660
National Fuel Gas
NFG
$7.82B
$890K 0.01%
23,880
-1,500
-6% -$61.5K
IART icon
661
Integra LifeSciences
IART
$1.35B
$884K 0.01%
19,800
-1,200
-6% -$63K
MANH icon
662
Manhattan Associates
MANH
$11.4B
$882K 0.01%
17,700
-1,100
-6% -$79.3K
CFR icon
663
Cullen/Frost Bankers
CFR
$10.3B
$881K 0.01%
15,800
-1,000
-6% -$81.5K
SKX
664
DELISTED
Skechers
SKX
$881K 0.01%
37,100
-2,300
-6% -$79.3K
SEE
665
DELISTED
Sealed Air
SEE
$876K 0.01%
35,448
-1,900
-5% -$62K
DAR icon
666
Darling Ingredients
DAR
$9.84B
$874K 0.01%
+45,600
New +$1.16M
NKTR icon
667
Nektar Therapeutics
NKTR
$2.55B
$871K 0.01%
3,253
-200
-6% -$61.9K
NOV icon
668
NOV
NOV
$7.49B
$869K 0.01%
88,378
-4,900
-5% -$92.4K
ALE
669
DELISTED
Allete
ALE
$868K 0.01%
14,300
-900
-6% -$68K
MOS icon
670
The Mosaic Company
MOS
$7.34B
$868K 0.01%
80,182
-4,400
-5% -$74.7K
MAN icon
671
ManpowerGroup
MAN
$2.62B
$865K 0.01%
16,330
-1,000
-6% -$83.3K
BJ icon
672
BJs Wholesale Club
BJ
$12B
$861K 0.01%
33,800
-2,100
-6% -$47.2K
FCFS icon
673
FirstCash
FCFS
$9.04B
$854K 0.01%
11,900
-700
-6% -$56.7K
FOX icon
674
Fox Class B
FOX
$23.2B
$853K 0.01%
37,285
-2,000
-5% -$64.6K
MAT icon
675
Mattel
MAT
$4.29B
$847K 0.01%
96,161
-5,900
-6% -$72.3K
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
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.