We are live on ! Find out more
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
ICUI icon
676
ICU Medical
ICUI
$4.61B
$1.35M 0.01%
5,900
-200
-3% -$49.3K
JBGS
677
JBG SMITH
JBGS
$708M
$1.35M 0.01%
38,825
-1,200
-3% -$45.1K
LEG icon
678
Leggett & Platt
LEG
$1.31B
$1.34M 0.01%
37,377
-1,400
-4% -$53.3K
AIZ icon
679
Assurant
AIZ
$14.3B
$1.34M 0.01%
14,957
-800
-5% -$78.3K
WTFC icon
680
Wintrust Financial
WTFC
$10.7B
$1.34M 0.01%
20,100
-700
-3% -$53.2K
DECK icon
681
Deckers Outdoor
DECK
$13.3B
$1.33M 0.01%
62,400
-4,200
-6% -$85.2K
CRI icon
682
Carter's
CRI
$1.47B
$1.33M 0.01%
16,300
-900
-5% -$81.8K
SNV
683
DELISTED
Synovus
SNV
$1.33M 0.01%
41,505
-1,900
-4% -$71.6K
STL
684
DELISTED
Sterling Bancorp
STL
$1.32M 0.01%
80,000
-3,400
-4% -$63.3K
NEU icon
685
NewMarket
NEU
$8.18B
$1.32M 0.01%
3,200
-100
-3% -$39.6K
MAC icon
686
Macerich
MAC
$6.92B
$1.31M 0.01%
30,308
-1,200
-4% -$59.3K
NVT icon
687
nVent Electric
NVT
$26.7B
$1.31M 0.01%
58,202
-2,100
-3% -$50.8K
AGCO icon
688
AGCO
AGCO
$7.2B
$1.3M 0.01%
23,400
-1,200
-5% -$67.8K
CXT icon
689
Crane NXT
CXT
$3.07B
$1.3M 0.01%
51,914
-2,015
-4% -$59.9K
FR icon
690
First Industrial Realty Trust
FR
$8.44B
$1.3M 0.01%
45,000
-1,600
-3% -$49.5K
VVV icon
691
Valvoline
VVV
$4.51B
$1.3M 0.01%
67,028
-3,500
-5% -$70K
FLR icon
692
Fluor
FLR
$7.96B
$1.3M 0.01%
40,253
-1,600
-4% -$69K
HBI
693
DELISTED
Hanesbrands
HBI
$1.29M 0.01%
103,292
-4,100
-4% -$63.8K
KEX icon
694
Kirby Corp
KEX
$6.93B
$1.29M 0.01%
19,200
-700
-4% -$51.8K
PEB icon
695
Pebblebrook Hotel Trust
PEB
$2.05B
$1.29M 0.01%
+45,656
New +$1.51M
SLM icon
696
SLM Corp
SLM
$5.15B
$1.29M 0.01%
155,325
-5,700
-4% -$56.7K
CACI icon
697
CACI
CACI
$14.2B
$1.28M 0.01%
+8,900
New +$1.51M
RYN icon
698
Rayonier
RYN
$6.55B
$1.28M 0.01%
50,823
-1,984
-4% -$55K
NSP icon
699
Insperity
NSP
$2.01B
$1.27M 0.01%
+13,600
New +$1.41M
JBL icon
700
Jabil
JBL
$35.8B
$1.27M 0.01%
51,200
-5,500
-10% -$134K
26 27
28
29 30

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.