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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
EXP icon
776
Eagle Materials
EXP
$6.57B
$1.02M 0.01%
16,700
-1,000
-6% -$71.7K
THS
777
DELISTED
Treehouse Foods
THS
$1.01M 0.01%
20,000
-800
-4% -$39.4K
BOH icon
778
Bank of Hawaii
BOH
$3.13B
$1M 0.01%
14,890
-700
-4% -$53.4K
UNIT
779
Uniti Group
UNIT
$2.32B
$994K 0.01%
63,840
-1,100
-2% -$20.7K
DHC
780
Diversified Healthcare Trust
DHC
$2.14B
$993K 0.01%
84,700
-3,200
-4% -$47.5K
EVOK
781
DELISTED
Evoke Pharma
EVOK
$992K 0.01%
2,778
– –
TCO
782
DELISTED
Taubman Centers Inc.
TCO
$992K 0.01%
21,800
-800
-4% -$42K
CVSA
783
Covista Inc
CVSA
$4.8B
$989K 0.01%
20,900
-1,300
-6% -$66.5K
MANH icon
784
Manhattan Associates
MANH
$11.4B
$987K 0.01%
23,300
-1,000
-4% -$47.4K
OZK icon
785
Bank OZK
OZK
$5.61B
$984K 0.01%
43,100
-1,600
-4% -$44.4K
MAT icon
786
Mattel
MAT
$4.23B
$979K 0.01%
97,961
-4,600
-4% -$60.9K
OI icon
787
O-I Glass
OI
$1.08B
$976K 0.01%
56,600
-2,300
-4% -$40.2K
UMBF icon
788
UMB Financial
UMBF
$11.1B
$976K 0.01%
16,000
-700
-4% -$45.4K
ATI icon
789
ATI
ATI
$31B
$975K 0.01%
44,800
-1,700
-4% -$44.1K
KMT icon
790
Kennametal
KMT
$2.52B
$974K 0.01%
29,260
-900
-3% -$34.2K
VYX icon
791
NCR Voyix
VYX
$1.14B
$973K 0.01%
68,688
-2,445
-3% -$38.4K
FULT icon
792
Fulton Financial
FULT
$4.64B
$972K 0.01%
62,800
-2,300
-4% -$37.4K
SAIC icon
793
Saic
SAIC
$5.35B
$967K 0.01%
15,185
-500
-3% -$34.8K
GHC icon
794
Graham Holdings Company
GHC
$5.02B
$961K 0.01%
1,500
-100
-6% -$61.7K
CMD
795
DELISTED
Cantel Medical Corporation
CMD
$960K 0.01%
12,900
-500
-4% -$41.3K
ENR icon
796
Energizer
ENR
$1.55B
$959K 0.01%
21,244
-900
-4% -$47.8K
CLGX
797
DELISTED
Corelogic, Inc.
CLGX
$959K 0.01%
28,700
-1,200
-4% -$48.7K
YELP icon
798
Yelp
YELP
$1.41B
$952K 0.01%
+27,200
New +$1.04M
UAA icon
799
Under Armour
UAA
$2.6B
$950K 0.01%
53,756
-1,700
-3% -$34.9K
GATX icon
800
GATX Corp
GATX
$6.27B
$948K 0.01%
13,390
-600
-4% -$47.3K
30 31
32
33 34

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.