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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
ENS icon
776
EnerSys
ENS
$6.79B
$579K 0.01%
11,700
-700
-6% -$45.7K
VAC icon
777
Marriott Vacations Worldwide
VAC
$3.89B
$578K 0.01%
10,400
-600
-5% -$62.3K
HAIN icon
778
Hain Celestial
HAIN
$53.4M
$577K 0.01%
22,200
-1,400
-6% -$34.9K
VSAT icon
779
Viasat
VSAT
$11.7B
$575K 0.01%
16,000
-1,000
-6% -$57.7K
ASB icon
780
Associated Banc-Corp
ASB
$5.92B
$565K 0.01%
44,189
-2,700
-6% -$48.4K
WAFD icon
781
WaFd
WAFD
$2.76B
$564K 0.01%
21,723
-1,300
-6% -$41.5K
OZK icon
782
Bank OZK
OZK
$5.63B
$561K 0.01%
33,600
-2,000
-6% -$51.4K
LPX icon
783
Louisiana-Pacific
LPX
$5.2B
$560K 0.01%
32,599
-2,000
-6% -$55.3K
CBRL icon
784
Cracker Barrel
CBRL
$1.25B
$558K 0.01%
6,700
-400
-6% -$54.9K
COLM icon
785
Columbia Sportswear
COLM
$2.92B
$558K 0.01%
8,000
-500
-6% -$42.5K
UMBF icon
786
UMB Financial
UMBF
$11.1B
$557K 0.01%
12,000
-700
-6% -$42.6K
SGI
787
Somnigroup International
SGI
$13.6B
$551K 0.01%
50,400
-3,200
-6% -$60.8K
TNL icon
788
Travel + Leisure Co
TNL
$4.5B
$548K 0.01%
25,237
-1,500
-6% -$62.5K
MTZ icon
789
MasTec
MTZ
$21.5B
$547K 0.01%
16,700
-1,000
-6% -$50.9K
ENR icon
790
Energizer
ENR
$1.5B
$540K 0.01%
17,844
-1,100
-6% -$49.9K
CHH icon
791
Choice Hotels
CHH
$4.62B
$539K 0.01%
8,800
-500
-5% -$45.4K
NCLH icon
792
Norwegian Cruise Line
NCLH
$8.52B
$535K 0.01%
48,800
-2,700
-5% -$109K
SYNA icon
793
Synaptics
SYNA
$4.09B
$532K 0.01%
9,200
-600
-6% -$40.7K
VSH icon
794
Vishay Intertechnology
VSH
$5.08B
$530K 0.01%
36,752
-2,200
-6% -$41.6K
EPR icon
795
EPR Properties
EPR
$4.63B
$528K 0.01%
21,800
-1,300
-6% -$74.5K
PK icon
796
Park Hotels & Resorts
PK
$2.92B
$525K 0.01%
66,400
-4,000
-6% -$75.2K
KSS icon
797
Kohl's
KSS
$2.16B
$524K 0.01%
35,910
-2,000
-5% -$75K
FULT icon
798
Fulton Financial
FULT
$4.6B
$523K 0.01%
45,500
-2,800
-6% -$43K
CMC icon
799
Commercial Metals
CMC
$8.1B
$519K 0.01%
32,900
-2,000
-6% -$38.1K
CNO icon
800
CNO Financial Group
CNO
$5.12B
$519K 0.01%
41,900
-2,600
-6% -$42.6K
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
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
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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

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.