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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
ADBE icon
51
Adobe
ADBE
$105B
$51.6M 0.46%
228,033
-138,620
-38% -$33.5M
ZTS icon
52
Zoetis
ZTS
$30B
$49.4M 0.44%
577,592
-666,000
-54% -$60M
BA icon
53
Boeing
BA
$185B
$48.8M 0.44%
151,250
-88,100
-37% -$30.4M
RTN
54
DELISTED
Raytheon Company
RTN
$48.4M 0.43%
315,436
+230,400
+271% +$41.3M
ADP icon
55
Automatic Data Processing
ADP
$108B
$45M 0.4%
343,281
+196,700
+134% +$27.8M
PEP icon
56
PepsiCo
PEP
$190B
$44.6M 0.4%
404,129
-17,300
-4% -$1.95M
LYB icon
57
LyondellBasell Industries
LYB
$19.2B
$44.6M 0.4%
536,704
+194,100
+57% +$17.8M
DAL icon
58
Delta Air Lines
DAL
$60.1B
$44.1M 0.4%
883,032
+307,400
+53% +$16.7M
SYK icon
59
Stryker
SYK
$130B
$40.9M 0.37%
260,896
-186,600
-42% -$31.2M
JCI icon
60
Johnson Controls International
JCI
$92.2B
$40.8M 0.37%
1,375,287
+547,600
+66% +$18.1M
DXC icon
61
DXC Technology
DXC
$1.73B
$40.5M 0.36%
760,925
+649,200
+581% +$44.8M
CBRE icon
62
CBRE Group
CBRE
$42.9B
$39.3M 0.35%
981,732
+312,200
+47% +$12.9M
MCD icon
63
McDonald's
MCD
$195B
$39.2M 0.35%
220,757
-10,400
-4% -$1.84M
WMT icon
64
Walmart Inc
WMT
$890B
$38M 0.34%
1,222,602
-60,300
-5% -$1.93M
BIIB icon
65
Biogen
BIIB
$30.7B
$36.4M 0.33%
121,077
+61,100
+102% +$19.5M
C icon
66
Citigroup
C
$226B
$36.4M 0.33%
699,156
-50,700
-7% -$3.21M
ABT icon
67
Abbott
ABT
$187B
$36.4M 0.33%
502,843
-19,900
-4% -$1.4M
ITW icon
68
Illinois Tool Works
ITW
$84.5B
$36.1M 0.32%
284,797
+56,200
+25% +$7.4M
FISV
69
Fiserv Inc
FISV
$27.9B
$35.8M 0.32%
487,506
+346,650
+246% +$26.8M
RHI icon
70
Robert Half
RHI
$4.37B
$35.8M 0.32%
625,460
+164,500
+36% +$10.1M
ROST icon
71
Ross Stores
ROST
$81.9B
$35.7M 0.32%
429,388
+284,950
+197% +$25.8M
BRK.A icon
72
Berkshire Hathaway Class A
BRK.A
$1.12T
$35.5M 0.32%
116
– –
MCK icon
73
McKesson
MCK
$101B
$35.5M 0.32%
321,133
+261,600
+439% +$32.6M
DD icon
74
DuPont de Nemours
DD
$19.2B
$35.1M 0.32%
259,371
-12,123
-4% -$1.74M
MDT icon
75
Medtronic
MDT
$112B
$35M 0.31%
384,538
-17,900
-4% -$1.67M
1 2
3
4 5

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.