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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
GMED icon
726
Globus Medical
GMED
$11.2B
$1.17M 0.01%
27,100
– –
XRX icon
727
Xerox
XRX
$425M
$1.17M 0.01%
59,318
-6,800
-10% -$175K
ASB icon
728
Associated Banc-Corp
ASB
$5.91B
$1.17M 0.01%
59,089
-4,600
-7% -$105K
TXNM
729
TXNM Energy Inc
TXNM
$5.94B
$1.17M 0.01%
28,434
-1,000
-3% -$41K
BCO icon
730
Brink's
BCO
$4.62B
$1.16M 0.01%
18,000
-800
-4% -$52.8K
ENS icon
731
EnerSys
ENS
$6.99B
$1.16M 0.01%
15,000
-600
-4% -$48.7K
AEO icon
732
American Eagle Outfitters
AEO
$3.01B
$1.16M 0.01%
60,075
-2,200
-4% -$45.8K
ZD icon
733
Ziff Davis
ZD
$1.98B
$1.16M 0.01%
19,205
-690
-3% -$43.5K
TCF
734
DELISTED
TCF Financial Corporation
TCF
$1.16M 0.01%
59,460
-2,600
-4% -$56.2K
WWE
735
DELISTED
World Wrestling Entertainment
WWE
$1.16M 0.01%
15,500
-500
-3% -$37.6K
IPGP icon
736
IPG Photonics
IPGP
$3.84B
$1.16M 0.01%
10,200
-500
-5% -$66.5K
ESL
737
DELISTED
Esterline Technologies
ESL
$1.15M 0.01%
9,500
-300
-3% -$34.6K
X
738
DELISTED
US Steel
X
$1.15M 0.01%
63,200
-2,300
-4% -$57.6K
HQY icon
739
HealthEquity
HQY
$8.75B
$1.15M 0.01%
19,300
-700
-4% -$56.4K
UBSI icon
740
United Bankshares
UBSI
$6.62B
$1.15M 0.01%
36,800
-1,600
-4% -$54K
ACIW icon
741
ACI Worldwide
ACIW
$5.42B
$1.14M 0.01%
41,350
-1,500
-4% -$40.6K
COR
742
DELISTED
Coresite Realty Corporation
COR
$1.14M 0.01%
13,100
-500
-4% -$48.5K
FNB icon
743
FNB Corp
FNB
$6.75B
$1.14M 0.01%
115,600
-4,300
-4% -$49.9K
IART icon
744
Integra LifeSciences
IART
$1.34B
$1.14M 0.01%
25,200
-900
-3% -$49.4K
KNX icon
745
Knight Transportation
KNX
$11.4B
$1.12M 0.01%
44,800
-2,600
-5% -$80.5K
NYT icon
746
New York Times
NYT
$10.2B
$1.12M 0.01%
50,300
-1,900
-4% -$48.1K
LPX icon
747
Louisiana-Pacific
LPX
$5.49B
$1.12M 0.01%
50,299
-2,500
-5% -$56.7K
XLE icon
748
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
$1.12M 0.01%
+39,000
New +$1.3M
SRCL
749
DELISTED
Stericycle Inc
SRCL
$1.11M 0.01%
30,381
+4,800
+19% +$225K
WBD icon
750
Warner Bros
WBD
$67.1B
$1.11M 0.01%
44,849
-1,700
-4% -$51.8K
28 29
30
31 32

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.