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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
MRK icon
51
Merck
MRK
$318B
$56M 0.46%
645,305
-40,767
-6% -$3.35M
CVX icon
52
Chevron
CVX
$366B
$55.1M 0.46%
457,268
+900
+0.2% +$106K
ADP icon
53
Automatic Data Processing
ADP
$108B
$55M 0.45%
322,681
+400
+0.1% +$66.2K
GILD icon
54
Gilead Sciences
GILD
$165B
$54.4M 0.45%
836,487
+78,198
+10% +$5.09M
KO icon
55
Coca-Cola
KO
$375B
$51.6M 0.43%
932,538
+7,300
+0.8% +$392K
TDG icon
56
TransDigm Group
TDG
$67.7B
$51.4M 0.42%
91,704
+79,800
+670% +$43.7M
PINS icon
57
Pinterest
PINS
$13.4B
$49.7M 0.41%
+2,666,569
New +$57.6M
MAS icon
58
Masco
MAS
$15.3B
$49.2M 0.41%
1,025,204
+955,600
+1,373% +$43.4M
GIS icon
59
General Mills
GIS
$19.7B
$49.1M 0.41%
917,538
+772,400
+532% +$40.7M
RHI icon
60
Robert Half
RHI
$4.37B
$48.7M 0.4%
770,460
+151,500
+24% +$8.8M
PEP icon
61
PepsiCo
PEP
$190B
$46.1M 0.38%
337,229
+1,100
+0.3% +$150K
TGNA
62
DELISTED
TEGNA Inc
TGNA
$44.9M 0.37%
2,692,500
+2,629,600
+4,181% +$40.9M
FISV
63
Fiserv Inc
FISV
$27.9B
$44.8M 0.37%
387,606
+900
+0.2% +$99.4K
WBA
64
DELISTED
Walgreens Boots Alliance
WBA
$44.8M 0.37%
759,861
+351,000
+86% +$20.2M
SPNT icon
65
SiriusPoint
SPNT
$2.68B
$44.2M 0.37%
4,200,000
– –
DG icon
66
Dollar General
DG
$27.9B
$43.9M 0.36%
281,542
+49,700
+21% +$7.88M
DD icon
67
DuPont de Nemours
DD
$19.2B
$43.8M 0.36%
543,176
+400,405
+280% +$33.2M
FIS icon
68
Fidelity National Information Services
FIS
$22.1B
$42.9M 0.35%
308,656
-38,800
-11% -$5.2M
C icon
69
Citigroup
C
$226B
$42.2M 0.35%
527,956
-15,200
-3% -$1.12M
BA icon
70
Boeing
BA
$185B
$42.1M 0.35%
129,350
+800
+0.6% +$283K
AZO icon
71
AutoZone
AZO
$51.1B
$41.9M 0.35%
35,164
-3,800
-10% -$4.39M
FMC icon
72
FMC
FMC
$1.33B
$41.1M 0.34%
412,234
+380,900
+1,216% +$35.4M
WMT icon
73
Walmart Inc
WMT
$890B
$40.8M 0.34%
1,029,102
+3,300
+0.3% +$131K
APD icon
74
Air Products & Chemicals
APD
$67.6B
$40.7M 0.34%
173,302
+300
+0.2% +$67.7K
CTSH icon
75
Cognizant
CTSH
$26B
$39.4M 0.33%
635,454
+502,700
+379% +$31.1M
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 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.