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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
RYN icon
676
Rayonier
RYN
$6.49B
$843K 0.01%
39,470
-2,425
-6% -$61.1K
SLM icon
677
SLM Corp
SLM
$5.16B
$842K 0.01%
117,125
-7,100
-6% -$68.6K
TXNM
678
TXNM Energy Inc
TXNM
$5.91B
$841K 0.01%
22,134
-1,300
-6% -$63K
ASH icon
679
Ashland
ASH
$3.46B
$839K 0.01%
16,753
-1,000
-6% -$68.8K
NWE icon
680
NorthWestern Energy
NWE
$4.35B
$838K 0.01%
14,000
-800
-5% -$57.1K
DINO icon
681
HF Sinclair
DINO
$15.2B
$833K 0.01%
34,000
-1,900
-5% -$71K
WH icon
682
Wyndham Hotels & Resorts
WH
$5.35B
$833K 0.01%
26,437
-1,600
-6% -$81.4K
SNX icon
683
TD Synnex
SNX
$20.7B
$826K 0.01%
22,608
-1,400
-6% -$85.9K
SIGI icon
684
Selective Insurance
SIGI
$5.64B
$820K 0.01%
16,500
-1,000
-6% -$60.8K
TPR icon
685
Tapestry
TPR
$32.9B
$819K 0.01%
63,247
-3,500
-5% -$82K
AGCO icon
686
AGCO
AGCO
$7.16B
$817K 0.01%
17,300
-1,100
-6% -$69.9K
KBR icon
687
KBR
KBR
$4.8B
$814K 0.01%
39,342
-2,400
-6% -$62K
AMG icon
688
Affiliated Managers Group
AMG
$9.73B
$810K 0.01%
13,700
-800
-6% -$59.9K
CRI icon
689
Carter's
CRI
$1.48B
$808K 0.01%
12,300
-700
-5% -$67.4K
XRX icon
690
Xerox
XRX
$424M
$807K 0.01%
42,618
-2,300
-5% -$73.1K
SLG icon
691
SL Green Realty
SLG
$3.93B
$806K 0.01%
19,326
-1,033
-5% -$80.5K
LEG icon
692
Leggett & Platt
LEG
$1.33B
$805K 0.01%
30,177
-1,700
-5% -$70.8K
NEU icon
693
NewMarket
NEU
$8.35B
$804K 0.01%
2,100
-100
-5% -$42.2K
ALK icon
694
Alaska Air
ALK
$5.45B
$803K 0.01%
28,196
-1,600
-5% -$87K
ARWR icon
695
Arrowhead Research
ARWR
$12.6B
$800K 0.01%
27,800
-1,700
-6% -$68.6K
BC icon
696
Brunswick
BC
$5.29B
$799K 0.01%
22,600
-1,400
-6% -$74.3K
NWSA icon
697
News Corp Class A
NWSA
$15.5B
$799K 0.01%
89,039
-4,900
-5% -$61.8K
MZTI
698
The Marzetti Company
MZTI
$3.18B
$798K 0.01%
5,520
-300
-5% -$45.5K
VLY icon
699
Valley National Bancorp
VLY
$8.12B
$794K 0.01%
108,614
-6,600
-6% -$64.6K
BRX icon
700
Brixmor Property Group
BRX
$9.11B
$785K 0.01%
82,600
-5,000
-6% -$89.6K
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
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
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.