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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
TXRH icon
701
Texas Roadhouse
TXRH
$13.7B
$1.48M 0.01%
23,800
+100
+0.4% +$6.26K
JHG
702
DELISTED
Janus Henderson
JHG
$1.47M 0.01%
58,837
-600
-1% -$13.9K
EME icon
703
Emcor
EME
$36B
$1.46M 0.01%
20,000
-500
-2% -$33.9K
RYN icon
704
Rayonier
RYN
$6.55B
$1.45M 0.01%
50,823
– –
KNX icon
705
Knight Transportation
KNX
$11.4B
$1.45M 0.01%
44,400
-400
-0.9% -$12.7K
LOGM
706
DELISTED
LogMein, Inc.
LOGM
$1.45M 0.01%
18,102
-100
-0.5% -$8.54K
CUZ icon
707
Cousins Properties
CUZ
$4.88B
$1.45M 0.01%
37,475
– –
PEB icon
708
Pebblebrook Hotel Trust
PEB
$2.05B
$1.45M 0.01%
46,556
+900
+2% +$28.4K
KEX icon
709
Kirby Corp
KEX
$6.93B
$1.44M 0.01%
19,200
– –
HR
710
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.44M 0.01%
44,700
+100
+0.2% +$3.14K
BKH icon
711
Black Hills Corp
BKH
$5.69B
$1.43M 0.01%
19,290
– –
ZD icon
712
Ziff Davis
ZD
$1.98B
$1.43M 0.01%
18,975
-230
-1% -$15.9K
HQY icon
713
HealthEquity
HQY
$8.75B
$1.43M 0.01%
19,300
– –
JEF icon
714
Jefferies Financial Group
JEF
$13.1B
$1.42M 0.01%
84,618
-5,250
-6% -$92.7K
PNFP icon
715
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.42M 0.01%
26,000
-100
-0.4% -$5.52K
HRB icon
716
H&R Block
HRB
$5.86B
$1.42M 0.01%
59,198
+400
+0.7% +$9.83K
ICUI icon
717
ICU Medical
ICUI
$4.61B
$1.41M 0.01%
5,900
– –
SNX icon
718
TD Synnex
SNX
$20.2B
$1.41M 0.01%
29,608
– –
STL
719
DELISTED
Sterling Bancorp
STL
$1.41M 0.01%
75,800
-4,200
-5% -$80.3K
IART icon
720
Integra LifeSciences
IART
$1.34B
$1.4M 0.01%
25,200
– –
COR
721
DELISTED
Coresite Realty Corporation
COR
$1.4M 0.01%
13,100
– –
SAIC icon
722
Saic
SAIC
$5.35B
$1.4M 0.01%
18,185
+3,000
+20% +$211K
FLO icon
723
Flowers Foods
FLO
$1.57B
$1.4M 0.01%
65,450
– –
FFIN icon
724
First Financial Bankshares
FFIN
$4.97B
$1.39M 0.01%
+48,200
New +$1.47M
CBRL icon
725
Cracker Barrel
CBRL
$1.29B
$1.39M 0.01%
8,600
– –
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 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.