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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
X
776
DELISTED
US Steel
X
$1.2M 0.01%
61,700
-1,500
-2% -$31.9K
EFOR
777
Everforth Inc
EFOR
$1.32B
$1.19M 0.01%
18,800
+100
+0.5% +$6.25K
LPX icon
778
Louisiana-Pacific
LPX
$5.49B
$1.18M 0.01%
48,299
-2,000
-4% -$48.9K
R icon
779
Ryder
R
$10.1B
$1.17M 0.01%
18,900
– –
THO icon
780
Thor Industries
THO
$4.14B
$1.16M 0.01%
18,600
+700
+4% +$44.3K
WEN icon
781
Wendy's
WEN
$1.46B
$1.16M 0.01%
64,843
-1,800
-3% -$30.6K
BOH icon
782
Bank of Hawaii
BOH
$3.13B
$1.16M 0.01%
14,690
-200
-1% -$15.7K
VYX icon
783
NCR Voyix
VYX
$1.14B
$1.16M 0.01%
69,177
+489
+0.7% +$8.1K
CHK
784
DELISTED
Chesapeake Energy Corporation
CHK
$1.15M 0.01%
1,862
+233
+14% +$130K
TCO
785
DELISTED
Taubman Centers Inc.
TCO
$1.15M 0.01%
21,800
– –
ATI icon
786
ATI
ATI
$31B
$1.15M 0.01%
44,800
– –
UAA icon
787
Under Armour
UAA
$2.6B
$1.15M 0.01%
54,156
+400
+0.7% +$8.38K
CHDN icon
788
Churchill Downs
CHDN
$6.12B
$1.14M 0.01%
25,284
– –
VLY icon
789
Valley National Bancorp
VLY
$8.04B
$1.13M 0.01%
118,314
+100
+0.1% +$1.02K
CHX
790
DELISTED
ChampionX
CHX
$1.13M 0.01%
27,531
– –
SYNH
791
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$1.12M 0.01%
21,700
– –
UFS
792
DELISTED
DOMTAR CORPORATION (New)
UFS
$1.11M 0.01%
22,400
– –
SMG icon
793
ScottsMiracle-Gro
SMG
$3.66B
$1.1M 0.01%
13,975
– –
GHC icon
794
Graham Holdings Company
GHC
$5.02B
$1.09M 0.01%
1,600
+100
+7% +$67K
CLB icon
795
Core Laboratories
CLB
$521M
$1.09M 0.01%
15,800
– –
CVET
796
DELISTED
Covetrus, Inc. Common Stock
CVET
$1.08M 0.01%
+34,057
New +$1.21M
MZTI
797
The Marzetti Company
MZTI
$3.11B
$1.08M 0.01%
6,920
– –
TGNA
798
DELISTED
TEGNA Inc
TGNA
$1.08M 0.01%
76,900
+200
+0.3% +$2.54K
CZR icon
799
Caesars Entertainment
CZR
$6.14B
$1.08M 0.01%
23,200
– –
KMT icon
800
Kennametal
KMT
$2.52B
$1.08M 0.01%
29,360
+100
+0.3% +$3.66K
30 31
32
33 34

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FAM
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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)
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CAM
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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.