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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
-20.36%
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
$9.07B
AUM Growth
-$3.03B
Cap. Flow
-$67.8M
Cap. Flow %
-0.75%
Top 10 Hldgs %
24.73%
Holding
965
New
18
Increased
32
Reduced
868
Closed
22

Top Buys

Rank Stock Value
1
SPG icon
Simon Property Group
SPG
+$198M
2
AAPL icon
Apple
AAPL
+$87.1M
3
META icon
Meta Platforms (Facebook)
META
+$84.1M
4
JPM icon
JPMorgan Chase
JPM
+$68.1M
5
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$61.7M

Top Sells

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$157M
2
EG icon
Everest Group
EG
+$47.9M
3
EEFT icon
Euronet Worldwide
EEFT
+$35.6M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$32.1M
5
RTX icon
RTX Corp
RTX
+$29.4M

Sector Composition

Rank Sector Weight
1 Technology 19.9%
2 Financials 14.15%
3 Healthcare 13.94%
4 Communication Services 9.15%
5 Consumer Discretionary 7.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC icon
51
Bank of America
BAC
$445B
$39.4M 0.43%
1,855,835
-102,100
-5% -$3.06M
KO icon
52
Coca-Cola
KO
$376B
$39.1M 0.43%
883,938
-48,600
-5% -$2.62M
EPAM icon
53
EPAM Systems
EPAM
$5.03B
$39.1M 0.43%
210,500
+40,500
+24% +$8.75M
RTN
54
DELISTED
Raytheon Company
RTN
$39.1M 0.43%
297,836
-3,500
-1% -$693K
BKNG icon
55
Booking.com
BKNG
$159B
$38.5M 0.42%
715,625
-12,500
-2% -$877K
PEP icon
56
PepsiCo
PEP
$189B
$38.4M 0.42%
319,629
-17,600
-5% -$2.38M
NFLX icon
57
Netflix
NFLX
$315B
$37.8M 0.42%
1,005,340
-55,000
-5% -$1.95M
NVDA icon
58
NVIDIA
NVDA
$5.29T
$37.1M 0.41%
5,631,680
-288,000
-5% -$1.82M
WMT icon
59
Walmart Inc
WMT
$889B
$36.9M 0.41%
975,402
-53,700
-5% -$2.07M
XOM icon
60
ExxonMobil
XOM
$655B
$36.8M 0.41%
969,932
-53,400
-5% -$2.95M
FIS icon
61
Fidelity National Information Services
FIS
$21.9B
$36.6M 0.4%
300,856
-7,800
-3% -$1.08M
AMD icon
62
Advanced Micro Devices
AMD
$778B
$36.3M 0.4%
798,100
-1,200
-0.2% -$57.8K
LHX icon
63
L3Harris
LHX
$54.5B
$36.1M 0.4%
200,651
+147,200
+275% +$30.2M
FISV
64
Fiserv Inc
FISV
$27.6B
$36.1M 0.4%
380,406
-7,200
-2% -$800K
MAS icon
65
Masco
MAS
$14.8B
$35.3M 0.39%
1,021,604
-3,600
-0.4% -$157K
WBA
66
DELISTED
Walgreens Boots Alliance
WBA
$34.3M 0.38%
750,361
-9,500
-1% -$482K
EQM
67
DELISTED
EQM Midstream Partners, LP
EQM
$34.2M 0.38%
2,898,517
+2,748,517
+1,832% +$56M
APD icon
68
Air Products & Chemicals
APD
$68.1B
$34M 0.38%
170,502
-2,800
-2% -$638K
VRTX icon
69
Vertex Pharmaceuticals
VRTX
$135B
$34M 0.38%
142,968
-3,200
-2% -$734K
FMC icon
70
FMC
FMC
$1.3B
$33.5M 0.37%
410,634
-1,600
-0.4% -$149K
PYPL icon
71
PayPal
PYPL
$50.1B
$33.2M 0.37%
347,134
-14,800
-4% -$1.63M
ABT icon
72
Abbott
ABT
$188B
$32M 0.35%
405,143
-22,300
-5% -$1.86M
BRK.A icon
73
Berkshire Hathaway Class A
BRK.A
$1.15T
$31.6M 0.35%
116
– –
CVX icon
74
Chevron
CVX
$378B
$31.4M 0.35%
433,368
-23,900
-5% -$2.36M
XLF icon
75
State Street Financial Select Sector SPDR ETF
XLF
$59B
$31.2M 0.34%
1,500,000
-1,164,900
-44% -$32.1M
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

State of Michigan Retirement System's Q1 2020 Portfolio in Review

As of Q1 2020, State of Michigan Retirement System held 965 positions worth $9.07B, down 25% from $12.1B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q1 2020: portfolio turnover was 4.1%. State of Michigan Retirement System opened 18 new positions and exited 22, leaving the 965-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q1 2020 buy was National General Holdings Corp: 1,300,000 shares worth $21.5M.
  • State of Michigan Retirement System added most to Simon Property Group in Q1 2020, an estimated $198M increase.
  • State of Michigan Retirement System's biggest Q1 2020 reduction was Everest Group, cutting an estimated $47.9M.
  • State of Michigan Retirement System fully exited Annaly Capital Management in Q1 2020, selling an estimated $157M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $9.07B portfolio in Q1 2020.
  • State of Michigan Retirement System opened 18 new positions and closed 22 in Q1 2020.
  • State of Michigan Retirement System's portfolio value fell 25% quarter-over-quarter to $9.07B.

Based on State of Michigan Retirement System's 13F filing for Q1 2020, filed 28 Apr 2020.