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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
CLH icon
751
Clean Harbors
CLH
$16.3B
$1.29M 0.01%
18,100
-100
-0.5% -$6.18K
UMPQ
752
DELISTED
Umpqua Holdings Corp
UMPQ
$1.29M 0.01%
78,500
– –
MAT icon
753
Mattel
MAT
$4.23B
$1.29M 0.01%
99,561
+1,600
+2% +$21.4K
MSA icon
754
Mine Safety
MSA
$7.49B
$1.29M 0.01%
12,500
– –
THS
755
DELISTED
Treehouse Foods
THS
$1.29M 0.01%
20,000
– –
TREX icon
756
Trex
TREX
$5.01B
$1.29M 0.01%
+41,800
New +$1.46M
AMED
757
DELISTED
Amedisys
AMED
$1.28M 0.01%
+10,400
New +$1.31M
MANH icon
758
Manhattan Associates
MANH
$11.4B
$1.28M 0.01%
23,200
-100
-0.4% -$5.12K
AAN.A
759
DELISTED
The Aaron's Company Inc Class A
AAN.A
$1.26M 0.01%
24,000
-500
-2% -$26.3K
NWE icon
760
NorthWestern Energy
NWE
$4.43B
$1.26M 0.01%
17,900
– –
SIX
761
DELISTED
Six Flags Entertainment Corp.
SIX
$1.26M 0.01%
25,500
-100
-0.4% -$5.65K
RRX icon
762
Regal Rexnord
RRX
$11.9B
$1.25M 0.01%
15,300
-100
-0.6% -$7.89K
ASB icon
763
Associated Banc-Corp
ASB
$5.91B
$1.25M 0.01%
58,589
-500
-0.8% -$11K
WRI
764
DELISTED
Weingarten Realty Investors
WRI
$1.25M 0.01%
42,600
+100
+0.2% +$2.8K
OZK icon
765
Bank OZK
OZK
$5.61B
$1.25M 0.01%
43,100
– –
SLAB icon
766
Silicon Laboratories
SLAB
$7.23B
$1.25M 0.01%
15,400
– –
VVV icon
767
Valvoline
VVV
$4.51B
$1.24M 0.01%
67,028
– –
SBRA icon
768
Sabra Healthcare REIT
SBRA
$5.37B
$1.24M 0.01%
63,600
– –
COHR
769
DELISTED
Coherent Inc
COHR
$1.23M 0.01%
8,700
– –
HWC icon
770
Hancock Whitney
HWC
$6.24B
$1.23M 0.01%
30,500
+100
+0.3% +$4.1K
COHR icon
771
Coherent
COHR
$74.2B
$1.23M 0.01%
32,961
+10,416
+46% +$385K
FNB icon
772
FNB Corp
FNB
$6.75B
$1.23M 0.01%
115,700
+100
+0.1% +$1.15K
WBD icon
773
Warner Bros
WBD
$67.1B
$1.22M 0.01%
45,249
+400
+0.9% +$11.1K
BHF icon
774
Brighthouse Financial
BHF
$3.5B
$1.22M 0.01%
33,580
-400
-1% -$15K
TCF
775
DELISTED
TCF Financial Corporation
TCF
$1.21M 0.01%
58,460
-1,000
-2% -$21.8K
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 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.