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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
IBKR icon
726
Interactive Brokers
IBKR
$39.8B
$1.39M 0.01%
107,200
– –
EXP icon
727
Eagle Materials
EXP
$6.57B
$1.38M 0.01%
16,400
-300
-2% -$21.7K
NWSA icon
728
News Corp Class A
NWSA
$15.4B
$1.38M 0.01%
111,039
+800
+0.7% +$10.1K
BLKB icon
729
Blackbaud
BLKB
$2.08B
$1.38M 0.01%
17,300
– –
JWN
730
DELISTED
Nordstrom
JWN
$1.37M 0.01%
30,892
-1,700
-5% -$77.5K
TECD
731
DELISTED
Tech Data Corp
TECD
$1.37M 0.01%
13,350
– –
ACIW icon
732
ACI Worldwide
ACIW
$5.42B
$1.36M 0.01%
41,450
+100
+0.2% +$3.05K
TNL icon
733
Travel + Leisure Co
TNL
$4.7B
$1.36M 0.01%
33,637
-1,100
-3% -$46.3K
XLE icon
734
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
$1.35M 0.01%
41,000
+2,000
+5% +$64.2K
WWE
735
DELISTED
World Wrestling Entertainment
WWE
$1.35M 0.01%
15,600
+100
+0.6% +$8.41K
WTFC icon
736
Wintrust Financial
WTFC
$10.7B
$1.35M 0.01%
20,100
– –
SF
737
Stifel
SF
$12.6B
$1.35M 0.01%
57,600
-225
-0.4% -$5.1K
TXNM
738
TXNM Energy Inc
TXNM
$5.94B
$1.35M 0.01%
28,434
– –
NEU icon
739
NewMarket
NEU
$8.18B
$1.34M 0.01%
3,100
-100
-3% -$42.3K
GMED icon
740
Globus Medical
GMED
$11.2B
$1.34M 0.01%
27,100
– –
BCO icon
741
Brink's
BCO
$4.62B
$1.33M 0.01%
17,700
-300
-2% -$22.3K
JBL icon
742
Jabil
JBL
$35.8B
$1.33M 0.01%
50,200
-1,000
-2% -$26.7K
MSM icon
743
MSC Industrial Direct
MSM
$6.86B
$1.33M 0.01%
16,100
-100
-0.6% -$8.23K
PBF icon
744
PBF Energy
PBF
$7.31B
$1.33M 0.01%
42,700
– –
EVR icon
745
Evercore
EVR
$11.8B
$1.33M 0.01%
14,600
+200
+1% +$17.6K
RAMP icon
746
LiveRamp
RAMP
$2.3B
$1.33M 0.01%
24,300
– –
AEO icon
747
American Eagle Outfitters
AEO
$3.01B
$1.32M 0.01%
59,775
-300
-0.5% -$6.17K
MAC icon
748
Macerich
MAC
$6.92B
$1.32M 0.01%
30,508
+200
+0.7% +$8.84K
UBSI icon
749
United Bankshares
UBSI
$6.62B
$1.32M 0.01%
36,400
-400
-1% -$14.4K
VAC icon
750
Marriott Vacations Worldwide
VAC
$4.25B
$1.31M 0.01%
14,000
-600
-4% -$53.9K
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 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.