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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
LITE icon
751
Lumentum
LITE
$69.3B
$1.1M 0.01%
26,300
+3,100
+13% +$153K
SKX
752
DELISTED
Skechers
SKX
$1.09M 0.01%
47,700
-2,300
-5% -$60.3K
TECD
753
DELISTED
Tech Data Corp
TECD
$1.09M 0.01%
13,350
-800
-6% -$60.7K
BLKB icon
754
Blackbaud
BLKB
$2.08B
$1.09M 0.01%
17,300
-700
-4% -$50.4K
RRX icon
755
Regal Rexnord
RRX
$11.9B
$1.08M 0.01%
15,400
-700
-4% -$52.9K
TDS icon
756
Telephone and Data Systems
TDS
$3.75B
$1.08M 0.01%
33,136
-900
-3% -$29.9K
VSM
757
DELISTED
Versum Materials, Inc.
VSM
$1.08M 0.01%
38,901
-1,400
-3% -$44.3K
TRN icon
758
Trinity Industries
TRN
$2.38B
$1.07M 0.01%
52,194
-23,637
-31% -$545K
SFM icon
759
Sprouts Farmers Market
SFM
$8.01B
$1.07M 0.01%
45,500
-1,500
-3% -$39K
NWE icon
760
NorthWestern Energy
NWE
$4.43B
$1.06M 0.01%
17,900
-700
-4% -$42.9K
SF
761
Stifel
SF
$12.6B
$1.06M 0.01%
57,825
-1,350
-2% -$28K
HCSG icon
762
Healthcare Services Group
HCSG
$1.53B
$1.06M 0.01%
26,300
-1,000
-4% -$42.3K
WRI
763
DELISTED
Weingarten Realty Investors
WRI
$1.05M 0.01%
42,500
-1,600
-4% -$44.5K
HWC icon
764
Hancock Whitney
HWC
$6.24B
$1.05M 0.01%
30,400
-1,200
-4% -$48.6K
MD icon
765
Pediatrix Medical
MD
$2.2B
$1.05M 0.01%
31,900
-2,700
-8% -$109K
VLY icon
766
Valley National Bancorp
VLY
$8.04B
$1.05M 0.01%
118,214
-4,400
-4% -$44.4K
SBRA icon
767
Sabra Healthcare REIT
SBRA
$5.37B
$1.05M 0.01%
63,600
-2,300
-3% -$46.3K
WEN icon
768
Wendy's
WEN
$1.46B
$1.04M 0.01%
66,643
-2,600
-4% -$44.3K
BHF icon
769
Brighthouse Financial
BHF
$3.5B
$1.04M 0.01%
33,980
-1,700
-5% -$66.3K
LGND icon
770
Ligand Pharmaceuticals
LGND
$6.36B
$1.03M 0.01%
+12,183
New +$1.3M
EVR icon
771
Evercore
EVR
$11.8B
$1.03M 0.01%
14,400
-700
-5% -$57.5K
AAN.A
772
DELISTED
The Aaron's Company Inc Class A
AAN.A
$1.03M 0.01%
24,500
-1,100
-4% -$46.2K
VAC icon
773
Marriott Vacations Worldwide
VAC
$4.25B
$1.03M 0.01%
14,600
-500
-3% -$41.7K
CHDN icon
774
Churchill Downs
CHDN
$6.12B
$1.03M 0.01%
25,284
-1,200
-5% -$52.9K
EFOR
775
Everforth Inc
EFOR
$1.32B
$1.02M 0.01%
+18,700
New +$1.22M
29 30
31
32 33

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.