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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
CLB icon
801
Core Laboratories
CLB
$521M
$943K 0.01%
15,800
-600
-4% -$51.8K
RAMP icon
802
LiveRamp
RAMP
$2.3B
$939K 0.01%
+24,300
New +$1.1M
TCF
803
DELISTED
TCF Financial Corporation Common Stock
TCF
$934K 0.01%
25,500
-900
-3% -$41.1K
THO icon
804
Thor Industries
THO
$4.14B
$931K 0.01%
17,900
-600
-3% -$40.6K
HOMB icon
805
Home BancShares
HOMB
$6.18B
$926K 0.01%
56,700
-2,700
-5% -$51.3K
CATY icon
806
Cathay General Bancorp
CATY
$4.24B
$922K 0.01%
27,500
-1,000
-4% -$37.9K
TKR icon
807
Timken Company
TKR
$9.03B
$922K 0.01%
24,700
-1,000
-4% -$40.5K
MTZ icon
808
MasTec
MTZ
$21.9B
$921K 0.01%
+22,700
New +$977K
COHR
809
DELISTED
Coherent Inc
COHR
$920K 0.01%
8,700
-300
-3% -$38.5K
CBT icon
810
Cabot Corp
CBT
$4.52B
$918K 0.01%
21,380
-1,400
-6% -$69.8K
TCBI icon
811
Texas Capital Bancshares
TCBI
$4.32B
$915K 0.01%
17,900
-700
-4% -$44.1K
R icon
812
Ryder
R
$10.1B
$910K 0.01%
18,900
-700
-4% -$40.1K
NUVA
813
DELISTED
NuVasive, Inc.
NUVA
$907K 0.01%
18,300
-700
-4% -$42.1K
FHI icon
814
Federated Hermes
FHI
$4.72B
$903K 0.01%
34,000
-1,400
-4% -$34.8K
REZI icon
815
Resideo Technologies
REZI
$3.95B
$900K 0.01%
+43,800
New +$935K
CLH icon
816
Clean Harbors
CLH
$16.3B
$898K 0.01%
18,200
-700
-4% -$43.6K
AHL
817
DELISTED
ASPEN Insurance Holding Limited
AHL
$894K 0.01%
21,300
-800
-4% -$33.4K
URBN icon
818
Urban Outfitters
URBN
$6.59B
$893K 0.01%
26,900
-1,300
-5% -$48.6K
AMCX icon
819
AMC Global Media
AMCX
$489M
$881K 0.01%
16,050
-800
-5% -$46.8K
UA icon
820
Under Armour Class C
UA
$2.53B
$878K 0.01%
54,299
-2,500
-4% -$47.3K
VMI icon
821
Valmont Industries
VMI
$9.53B
$877K 0.01%
7,900
-400
-5% -$49.9K
CNO icon
822
CNO Financial Group
CNO
$5.1B
$873K 0.01%
58,700
-2,200
-4% -$40.1K
PRSP
823
DELISTED
Perspecta Inc. Common Stock
PRSP
$868K 0.01%
50,400
-2,300
-4% -$50.9K
SMG icon
824
ScottsMiracle-Gro
SMG
$3.66B
$859K 0.01%
13,975
-600
-4% -$42.7K
GEO icon
825
The GEO Group
GEO
$4.04B
$856K 0.01%
43,450
-1,600
-4% -$36.3K
31 32
33
34 35

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.