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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
+8.49%
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
$12.1B
AUM Growth
+$1.06B
Cap. Flow
+$176M
Cap. Flow %
1.45%
Top 10 Hldgs %
21.16%
Holding
973
New
29
Increased
606
Reduced
214
Closed
26

Top Buys

Rank Stock Value
1
UGI icon
UGI
UGI
+$91.7M
2
EXC icon
Exelon
EXC
+$90.8M
3
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$86.9M
4
PINS icon
Pinterest
PINS
+$57.6M
5
TDG icon
TransDigm Group
TDG
+$43.7M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$92.3M
2
HD icon
Home Depot
HD
+$58M
3
DIS icon
Walt Disney
DIS
+$57.7M
4
HON icon
Honeywell
HON
+$53.2M
5
IBM icon
IBM
IBM
+$50.8M

Sector Composition

Rank Sector Weight
1 Technology 17.7%
2 Financials 14.22%
3 Healthcare 12.86%
4 Real Estate 10.39%
5 Industrials 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VLY icon
701
Valley National Bancorp
VLY
$8.04B
$1.32M 0.01%
115,214
+18,900
+20% +$218K
HR
702
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.31M 0.01%
39,400
+1,900
+5% +$63K
GRUB
703
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$1.31M 0.01%
13,450
+200
+2% +$18.3K
HBI
704
DELISTED
Hanesbrands
HBI
$1.3M 0.01%
87,492
+600
+0.7% +$9.12K
CXT icon
705
Crane NXT
CXT
$3.07B
$1.3M 0.01%
43,277
+576
+1% +$16.4K
KNX icon
706
Knight Transportation
KNX
$11.4B
$1.3M 0.01%
36,200
+600
+2% +$22K
CLH icon
707
Clean Harbors
CLH
$16.3B
$1.29M 0.01%
15,100
+200
+1% +$16.3K
ACIW icon
708
ACI Worldwide
ACIW
$5.42B
$1.29M 0.01%
34,050
+200
+0.6% +$6.81K
XEC
709
DELISTED
CIMAREX ENERGY CO
XEC
$1.29M 0.01%
24,580
+200
+0.8% +$9.3K
AXON
710
Axon Enterprise
AXON
$46.4B
$1.28M 0.01%
17,500
+300
+2% +$19K
RGEN icon
711
Repligen
RGEN
$9.25B
$1.28M 0.01%
13,800
+300
+2% +$25.2K
ZD icon
712
Ziff Davis
ZD
$1.98B
$1.27M 0.01%
15,640
+115
+0.7% +$9.51K
KBR icon
713
KBR
KBR
$4.8B
$1.27M 0.01%
41,742
+700
+2% +$19.7K
M icon
714
Macy's
M
$6.68B
$1.27M 0.01%
74,730
+500
+0.7% +$7.82K
AVT icon
715
Avnet
AVT
$7.92B
$1.26M 0.01%
29,740
-300
-1% -$12.4K
BHF icon
716
Brighthouse Financial
BHF
$3.5B
$1.26M 0.01%
32,180
-100
-0.3% -$3.94K
SAIC icon
717
Saic
SAIC
$5.35B
$1.26M 0.01%
14,485
+300
+2% +$25.1K
STL
718
DELISTED
Sterling Bancorp
STL
$1.25M 0.01%
59,500
– –
NJR icon
719
New Jersey Resources
NJR
$5.58B
$1.25M 0.01%
28,100
+2,000
+8% +$86.4K
WBD icon
720
Warner Bros
WBD
$67.1B
$1.25M 0.01%
38,249
+300
+0.8% +$9.04K
SR icon
721
Spire
SR
$4.85B
$1.25M 0.01%
15,000
+300
+2% +$24.6K
IPGP icon
722
IPG Photonics
IPGP
$3.84B
$1.25M 0.01%
8,600
– –
RYN icon
723
Rayonier
RYN
$6.55B
$1.25M 0.01%
41,895
+441
+1% +$12K
COR
724
DELISTED
Coresite Realty Corporation
COR
$1.25M 0.01%
11,100
+400
+4% +$46.2K
VSAT icon
725
Viasat
VSAT
$11.1B
$1.24M 0.01%
17,000
+300
+2% +$21.5K
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 2019 Portfolio in Review

As of Q4 2019, State of Michigan Retirement System held 973 positions worth $12.1B, up 9.6% from $11B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

State of Michigan Retirement System's Q4 2019 filing shows 29 new, 606 increased, 214 reduced and 26 closed positions. Its largest new stake was Pinterest: 2,666,569 shares worth $49.7M. The largest sale was JPMorgan Chase, an estimated $92.3M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q4 2019 buy was Pinterest: 2,666,569 shares worth $49.7M.
  • State of Michigan Retirement System added most to UGI in Q4 2019, an estimated $91.7M increase.
  • State of Michigan Retirement System's biggest Q4 2019 reduction was JPMorgan Chase, cutting an estimated $92.3M.
  • State of Michigan Retirement System fully exited Celgene Corp in Q4 2019, selling an estimated $16.9M.
  • State of Michigan Retirement System's ten largest holdings make up 21% of its $12.1B portfolio in Q4 2019.
  • State of Michigan Retirement System opened 29 new positions and closed 26 in Q4 2019.
  • State of Michigan Retirement System's portfolio value rose 9.6% quarter-over-quarter to $12.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2019, filed 24 Jan 2020.