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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
-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
LASR icon
701
nLIGHT
LASR
$3.17B
$1.27M 0.01%
+71,388
New +$1.35M
HR
702
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.27M 0.01%
44,600
-1,700
-4% -$49.3K
PWR icon
703
Quanta Services
PWR
$101B
$1.26M 0.01%
41,856
-2,500
-6% -$80.8K
FTI icon
704
TechnipFMC
FTI
$27.3B
$1.26M 0.01%
86,285
-84,798
-50% -$1.58M
RIG icon
705
Transocean
RIG
$5.82B
$1.25M 0.01%
180,400
+21,500
+14% +$219K
NWSA icon
706
News Corp Class A
NWSA
$15.4B
$1.25M 0.01%
110,239
-4,000
-4% -$51.2K
UMPQ
707
DELISTED
Umpqua Holdings Corp
UMPQ
$1.25M 0.01%
78,500
-2,900
-4% -$54.5K
MSM icon
708
MSC Industrial Direct
MSM
$6.86B
$1.25M 0.01%
16,200
-800
-5% -$66.3K
TNL icon
709
Travel + Leisure Co
TNL
$4.7B
$1.25M 0.01%
34,737
-2,000
-5% -$77.8K
MKSI icon
710
MKS Inc
MKSI
$20.6B
$1.24M 0.01%
19,200
-1,100
-5% -$79.5K
HELE icon
711
Helen of Troy
HELE
$693M
$1.23M 0.01%
9,400
-300
-3% -$39.4K
JHG
712
DELISTED
Janus Henderson
JHG
$1.23M 0.01%
59,437
-2,800
-4% -$64.3K
EME icon
713
Emcor
EME
$36B
$1.22M 0.01%
20,500
-1,000
-5% -$69.3K
MZTI
714
The Marzetti Company
MZTI
$3.11B
$1.22M 0.01%
6,920
-300
-4% -$51.1K
OLLI icon
715
Ollie's Bargain Outlet
OLLI
$4.94B
$1.22M 0.01%
18,400
-600
-3% -$49.9K
NUS icon
716
Nu Skin
NUS
$267M
$1.21M 0.01%
19,800
-700
-3% -$47.2K
SLAB icon
717
Silicon Laboratories
SLAB
$7.23B
$1.21M 0.01%
15,400
-600
-4% -$49.9K
BKH icon
718
Black Hills Corp
BKH
$5.69B
$1.21M 0.01%
19,290
-500
-3% -$31.4K
FLO icon
719
Flowers Foods
FLO
$1.57B
$1.21M 0.01%
65,450
-2,400
-4% -$46K
PNFP icon
720
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.2M 0.01%
26,100
-1,000
-4% -$53K
SNX icon
721
TD Synnex
SNX
$20.2B
$1.2M 0.01%
29,608
+7,408
+33% +$293K
MBFI
722
DELISTED
MB Financial Corp
MBFI
$1.19M 0.01%
30,000
-1,100
-4% -$47.8K
CUZ icon
723
Cousins Properties
CUZ
$4.88B
$1.18M 0.01%
37,475
-1,400
-4% -$46.7K
VSAT icon
724
Viasat
VSAT
$11.1B
$1.18M 0.01%
20,000
-700
-3% -$45.4K
MSA icon
725
Mine Safety
MSA
$7.49B
$1.18M 0.01%
12,500
-400
-3% -$40.8K
27 28
29
30 31

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.