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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
HBI
751
DELISTED
Hanesbrands
HBI
$652K 0.01%
82,892
-4,600
-5% -$58.3K
UBSI icon
752
United Bankshares
UBSI
$6.59B
$651K 0.01%
28,200
-1,700
-6% -$53.4K
MMP
753
DELISTED
Magellan Midstream Partners, L.P.
MMP
$651K 0.01%
+17,836
New +$958K
FTI icon
754
TechnipFMC
FTI
$29.4B
$649K 0.01%
129,427
-7,123
-5% -$78.2K
THO icon
755
Thor Industries
THO
$4.17B
$645K 0.01%
15,300
-900
-6% -$62.5K
TOL icon
756
Toll Brothers
TOL
$14.1B
$645K 0.01%
33,500
-4,500
-12% -$170K
PVH icon
757
PVH
PVH
$3.98B
$640K 0.01%
16,996
-900
-5% -$68.8K
TDC icon
758
Teradata
TDC
$2.56B
$639K 0.01%
31,200
-1,900
-6% -$43.8K
SLGN icon
759
Silgan Holdings
SLGN
$4.37B
$626K 0.01%
21,562
-1,300
-6% -$39.1K
VYX icon
760
NCR Voyix
VYX
$1.12B
$626K 0.01%
57,604
-3,586
-6% -$61.6K
VMI icon
761
Valmont Industries
VMI
$9.65B
$625K 0.01%
5,900
-400
-6% -$51.9K
SBRA icon
762
Sabra Healthcare REIT
SBRA
$5.1B
$621K 0.01%
56,900
-100
-0.2% -$1.84K
RAMP icon
763
LiveRamp
RAMP
$2.29B
$619K 0.01%
18,800
-1,100
-6% -$41.7K
BOH icon
764
Bank of Hawaii
BOH
$3.12B
$618K 0.01%
11,190
-700
-6% -$56.2K
BBWI icon
765
Bath & Body Works
BBWI
$3.83B
$616K 0.01%
65,863
-3,587
-5% -$56.9K
DVN icon
766
Devon Energy
DVN
$49.9B
$613K 0.01%
88,663
-4,900
-5% -$88.6K
PNNT
767
Pennant Park Investment Corp
PNNT
$244M
$612K 0.01%
236,295
+180,000
+320% +$996K
SFM icon
768
Sprouts Farmers Market
SFM
$7.85B
$610K 0.01%
32,800
-2,000
-6% -$33.5K
TKR icon
769
Timken Company
TKR
$8.94B
$608K 0.01%
18,800
-1,100
-6% -$52K
GATX icon
770
GATX Corp
GATX
$6.27B
$606K 0.01%
9,690
-600
-6% -$43.7K
LIVN icon
771
LivaNova
LIVN
$4.21B
$606K 0.01%
13,400
-800
-6% -$51.8K
PACW
772
DELISTED
PacWest Bancorp
PACW
$597K 0.01%
33,300
-2,000
-6% -$62.7K
PCH
773
DELISTED
PotlatchDeltic
PCH
$587K 0.01%
18,711
-1,100
-6% -$42.6K
STL
774
DELISTED
Sterling Bancorp
STL
$586K 0.01%
56,100
-3,400
-6% -$58.7K
WBS icon
775
Webster Financial
WBS
$12.8B
$583K 0.01%
25,450
-1,600
-6% -$65.1K
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
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
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
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 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.