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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
ZTS icon
51
Zoetis
ZTS
$30B
$58.2M 0.47%
577,992
+400
+0.1% +$36.3K
BA icon
52
Boeing
BA
$185B
$57.8M 0.46%
151,450
+200
+0.1% +$77K
RTN
53
DELISTED
Raytheon Company
RTN
$57.4M 0.46%
315,336
-100
-0% -$17.4K
ADP icon
54
Automatic Data Processing
ADP
$108B
$54.9M 0.44%
343,581
+300
+0.1% +$43.6K
GILD icon
55
Gilead Sciences
GILD
$165B
$53.4M 0.43%
821,389
-958,495
-54% -$63.7M
DXC icon
56
DXC Technology
DXC
$1.73B
$52.8M 0.42%
821,025
+60,100
+8% +$3.84M
KO icon
57
Coca-Cola
KO
$375B
$52M 0.42%
1,108,838
+12,100
+1% +$566K
JCI icon
58
Johnson Controls International
JCI
$92.2B
$50.7M 0.41%
1,373,687
-1,600
-0.1% -$54.9K
PEP icon
59
PepsiCo
PEP
$190B
$49.6M 0.4%
404,829
+700
+0.2% +$79.8K
CBRE icon
60
CBRE Group
CBRE
$42.9B
$48.5M 0.39%
981,032
-700
-0.1% -$32.9K
CVS icon
61
CVS Health
CVS
$122B
$46.6M 0.37%
863,767
+493,500
+133% +$30.5M
DAL icon
62
Delta Air Lines
DAL
$60.1B
$45.6M 0.37%
882,432
-600
-0.1% -$29.8K
LYB icon
63
LyondellBasell Industries
LYB
$19.2B
$44.9M 0.36%
534,304
-2,400
-0.4% -$207K
NFLX icon
64
Netflix
NFLX
$309B
$44.9M 0.36%
1,258,340
+10,000
+0.8% +$347K
GPN icon
65
Global Payments
GPN
$22.8B
$44.2M 0.35%
323,464
+59,200
+22% +$7.19M
SPNT icon
66
SiriusPoint
SPNT
$2.68B
$43.6M 0.35%
+4,200,000
New +$44.7M
C icon
67
Citigroup
C
$226B
$42.2M 0.34%
677,656
-21,500
-3% -$1.34M
MCD icon
68
McDonald's
MCD
$195B
$41.9M 0.34%
220,557
-200
-0.1% -$36.3K
AZO icon
69
AutoZone
AZO
$51.1B
$41.2M 0.33%
40,264
-100
-0.2% -$89.8K
ISRG icon
70
Intuitive Surgical
ISRG
$134B
$41.1M 0.33%
215,904
+117,900
+120% +$21M
ITW icon
71
Illinois Tool Works
ITW
$84.5B
$40.8M 0.33%
284,397
-400
-0.1% -$55.3K
RHI icon
72
Robert Half
RHI
$4.37B
$40.7M 0.33%
625,060
-400
-0.1% -$25.4K
ABT icon
73
Abbott
ABT
$187B
$40.5M 0.32%
506,143
+3,300
+0.7% +$246K
WMT icon
74
Walmart Inc
WMT
$890B
$40M 0.32%
1,230,702
+8,100
+0.7% +$263K
DGX icon
75
Quest Diagnostics
DGX
$26.3B
$37.3M 0.3%
415,163
-300
-0.1% -$26K
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 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.