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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
ETRN
676
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$1.58M 0.01%
72,536
– –
NJR icon
677
New Jersey Resources
NJR
$5.58B
$1.57M 0.01%
31,600
+100
+0.3% +$4.76K
VSAT icon
678
Viasat
VSAT
$11.1B
$1.57M 0.01%
20,300
+300
+2% +$20.9K
RIG icon
679
Transocean
RIG
$5.82B
$1.57M 0.01%
180,500
+100
+0.1% +$857
OLLI icon
680
Ollie's Bargain Outlet
OLLI
$4.94B
$1.57M 0.01%
18,400
– –
LSTR icon
681
Landstar System
LSTR
$6.21B
$1.56M 0.01%
14,300
-400
-3% -$42.1K
NGVT icon
682
Ingevity
NGVT
$2.68B
$1.56M 0.01%
+14,800
New +$1.49M
BC icon
683
Brunswick
BC
$5.28B
$1.56M 0.01%
31,000
+100
+0.3% +$5.04K
SWX icon
684
Southwest Gas
SWX
$6.67B
$1.55M 0.01%
18,900
– –
NVT icon
685
nVent Electric
NVT
$26.7B
$1.55M 0.01%
57,502
-700
-1% -$18K
IPGP icon
686
IPG Photonics
IPGP
$3.84B
$1.55M 0.01%
10,200
– –
SLM icon
687
SLM Corp
SLM
$5.15B
$1.54M 0.01%
155,725
+400
+0.3% +$4.14K
SVC
688
Service Properties Trust
SVC
$1.07B
$1.54M 0.01%
11,720
– –
PWR icon
689
Quanta Services
PWR
$101B
$1.54M 0.01%
40,756
-1,100
-3% -$38.4K
CXT icon
690
Crane NXT
CXT
$3.07B
$1.53M 0.01%
52,202
+288
+0.6% +$8.15K
LITE icon
691
Lumentum
LITE
$69.3B
$1.53M 0.01%
27,100
+800
+3% +$38.4K
DECK icon
692
Deckers Outdoor
DECK
$13.3B
$1.53M 0.01%
62,400
– –
TRIP icon
693
TripAdvisor
TRIP
$1.26B
$1.53M 0.01%
29,654
+300
+1% +$16.4K
CNK icon
694
Cinemark Holdings
CNK
$4.32B
$1.52M 0.01%
38,000
+100
+0.3% +$3.91K
ALE
695
DELISTED
Allete
ALE
$1.51M 0.01%
18,400
+100
+0.5% +$7.88K
FTI icon
696
TechnipFMC
FTI
$27.3B
$1.51M 0.01%
86,285
– –
GT icon
697
Goodyear
GT
$1.85B
$1.5M 0.01%
82,816
+16,100
+24% +$313K
COTY icon
698
Coty
COTY
$2.48B
$1.49M 0.01%
129,889
+900
+0.7% +$8.51K
SR icon
699
Spire
SR
$4.85B
$1.49M 0.01%
+18,100
New +$1.41M
FLR icon
700
Fluor
FLR
$7.96B
$1.48M 0.01%
40,253
– –
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 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.