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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
CDP icon
801
COPT Defense Properties
CDP
$4.21B
$1.07M 0.01%
39,300
+500
+1% +$12.6K
PTEN icon
802
Patterson-UTI
PTEN
$3.76B
$1.07M 0.01%
76,200
-1,300
-2% -$17K
CLGX
803
DELISTED
Corelogic, Inc.
CLGX
$1.06M 0.01%
28,500
-200
-0.7% -$7.38K
TKR icon
804
Timken Company
TKR
$9.03B
$1.06M 0.01%
24,300
-400
-2% -$17K
MTZ icon
805
MasTec
MTZ
$21.9B
$1.06M 0.01%
22,000
-700
-3% -$31.5K
HELE icon
806
Helen of Troy
HELE
$693M
$1.05M 0.01%
9,100
-300
-3% -$34.6K
TCF
807
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.05M 0.01%
25,500
– –
UA icon
808
Under Armour Class C
UA
$2.53B
$1.05M 0.01%
55,499
+1,200
+2% +$22.7K
NUVA
809
DELISTED
NuVasive, Inc.
NUVA
$1.04M 0.01%
18,400
+100
+0.5% +$5.32K
OI icon
810
O-I Glass
OI
$1.08B
$1.04M 0.01%
54,800
-1,800
-3% -$34.9K
TRN icon
811
Trinity Industries
TRN
$2.38B
$1.03M 0.01%
47,494
-4,700
-9% -$107K
GDOT icon
812
Green Dot
GDOT
$745M
$1.03M 0.01%
+17,000
New +$1.19M
TDS icon
813
Telephone and Data Systems
TDS
$3.75B
$1.03M 0.01%
33,436
+300
+0.9% +$10.2K
SXT icon
814
Sensient Technologies
SXT
$5.53B
$1.02M 0.01%
15,070
– –
ENR icon
815
Energizer
ENR
$1.55B
$1.02M 0.01%
22,644
+1,400
+7% +$64.6K
VMI icon
816
Valmont Industries
VMI
$9.53B
$1.01M 0.01%
7,800
-100
-1% -$12.9K
PRSP
817
DELISTED
Perspecta Inc. Common Stock
PRSP
$1.01M 0.01%
50,100
-300
-0.6% -$6.03K
ENOV icon
818
Enovis
ENOV
$1.53B
$1.01M 0.01%
+19,696
New +$864K
UMBF icon
819
UMB Financial
UMBF
$11.1B
$1M 0.01%
15,700
-300
-2% -$19.8K
GATX icon
820
GATX Corp
GATX
$6.27B
$1M 0.01%
13,090
-300
-2% -$22.4K
FHI icon
821
Federated Hermes
FHI
$4.72B
$999K 0.01%
34,100
+100
+0.3% +$2.78K
DHC
822
Diversified Healthcare Trust
DHC
$2.14B
$998K 0.01%
84,700
– –
ENS icon
823
EnerSys
ENS
$6.99B
$997K 0.01%
15,300
+300
+2% +$22.7K
TCBI icon
824
Texas Capital Bancshares
TCBI
$4.32B
$977K 0.01%
17,900
– –
HOMB icon
825
Home BancShares
HOMB
$6.18B
$972K 0.01%
55,300
-1,400
-2% -$26K
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 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.