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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
RRX icon
726
Regal Rexnord
RRX
$11.5B
$711K 0.01%
11,300
-700
-6% -$54.9K
UNM icon
727
Unum
UNM
$14.5B
$710K 0.01%
47,269
-2,600
-5% -$62.5K
WBD icon
728
Warner Bros
WBD
$67.4B
$705K 0.01%
36,249
-2,000
-5% -$54.9K
AVT icon
729
Avnet
AVT
$7.99B
$704K 0.01%
28,040
-1,700
-6% -$57.9K
OLLI icon
730
Ollie's Bargain Outlet
OLLI
$4.8B
$704K 0.01%
15,200
-900
-6% -$46.2K
PRSP
731
DELISTED
Perspecta Inc. Common Stock
PRSP
$697K 0.01%
38,200
-2,300
-6% -$55.3K
CXT icon
732
Crane NXT
CXT
$2.96B
$695K 0.01%
40,686
-2,591
-6% -$66.6K
FHN icon
733
First Horizon
FHN
$12B
$695K 0.01%
86,283
-5,300
-6% -$73.5K
SMTC icon
734
Semtech
SMTC
$12.2B
$690K 0.01%
18,400
-1,100
-6% -$49.8K
THS
735
DELISTED
Treehouse Foods
THS
$689K 0.01%
15,600
-900
-5% -$38.8K
CDP icon
736
COPT Defense Properties
CDP
$4.14B
$688K 0.01%
31,100
-1,900
-6% -$51.6K
MSM icon
737
MSC Industrial Direct
MSM
$6.87B
$687K 0.01%
12,500
-800
-6% -$52.7K
MRO
738
DELISTED
Marathon Oil Corporation
MRO
$685K 0.01%
208,340
+14,900
+8% +$137K
VVV icon
739
Valvoline
VVV
$4.3B
$684K 0.01%
52,228
-3,200
-6% -$61.3K
EXP icon
740
Eagle Materials
EXP
$6.47B
$678K 0.01%
11,600
-700
-6% -$55.8K
SYNH
741
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$678K 0.01%
17,200
-1,100
-6% -$64.3K
SAFM
742
DELISTED
Sanderson Farms Inc
SAFM
$678K 0.01%
5,500
-300
-5% -$41.8K
MUSA icon
743
Murphy USA
MUSA
$10.2B
$677K 0.01%
8,025
-500
-6% -$51.9K
CLGX
744
DELISTED
Corelogic, Inc.
CLGX
$675K 0.01%
22,100
-1,300
-6% -$57.6K
HOG icon
745
Harley-Davidson
HOG
$2.72B
$670K 0.01%
35,377
-1,900
-5% -$57.5K
UMPQ
746
DELISTED
Umpqua Holdings Corp
UMPQ
$666K 0.01%
61,100
-3,700
-6% -$57.6K
FNB icon
747
FNB Corp
FNB
$6.75B
$664K 0.01%
90,100
-5,500
-6% -$58K
JHG
748
DELISTED
Janus Henderson
JHG
$662K 0.01%
43,237
-2,600
-6% -$57.2K
NBL
749
DELISTED
Noble Energy, Inc.
NBL
$662K 0.01%
109,661
-6,000
-5% -$96.3K
FL
750
DELISTED
Foot Locker
FL
$656K 0.01%
29,728
-1,800
-6% -$61.2K
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
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
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
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.