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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
+8.49%
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
$12.1B
AUM Growth
+$1.06B
Cap. Flow
+$176M
Cap. Flow %
1.45%
Top 10 Hldgs %
21.16%
Holding
973
New
29
Increased
606
Reduced
214
Closed
26

Top Buys

Rank Stock Value
1
UGI icon
UGI
UGI
+$91.7M
2
EXC icon
Exelon
EXC
+$90.8M
3
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$86.9M
4
PINS icon
Pinterest
PINS
+$57.6M
5
TDG icon
TransDigm Group
TDG
+$43.7M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$92.3M
2
HD icon
Home Depot
HD
+$58M
3
DIS icon
Walt Disney
DIS
+$57.7M
4
HON icon
Honeywell
HON
+$53.2M
5
IBM icon
IBM
IBM
+$50.8M

Sector Composition

Rank Sector Weight
1 Technology 17.7%
2 Financials 14.22%
3 Healthcare 12.86%
4 Real Estate 10.39%
5 Industrials 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BBWI icon
801
Bath & Body Works
BBWI
$4.1B
$1.02M 0.01%
69,450
+371
+0.5% +$5.36K
FCFS icon
802
FirstCash
FCFS
$8.78B
$1.02M 0.01%
12,600
+100
+0.8% +$8.4K
MUSA icon
803
Murphy USA
MUSA
$9.61B
$997K 0.01%
8,525
-200
-2% -$21.6K
UAA icon
804
Under Armour
UAA
$2.6B
$984K 0.01%
45,556
+300
+0.7% +$5.83K
PSB
805
DELISTED
PS Business Parks, Inc.
PSB
$973K 0.01%
5,900
+100
+2% +$17.6K
CDP icon
806
COPT Defense Properties
CDP
$4.21B
$970K 0.01%
33,000
+500
+2% +$14.6K
CHH icon
807
Choice Hotels
CHH
$4.8B
$962K 0.01%
+9,300
New +$868K
RAMP icon
808
LiveRamp
RAMP
$2.3B
$957K 0.01%
19,900
+300
+2% +$13.5K
NSP icon
809
Insperity
NSP
$2.01B
$955K 0.01%
11,100
-100
-0.9% -$8.7K
ENR icon
810
Energizer
ENR
$1.55B
$951K 0.01%
18,944
+400
+2% +$18.4K
VMI icon
811
Valmont Industries
VMI
$9.53B
$944K 0.01%
6,300
– –
PBF icon
812
PBF Energy
PBF
$7.31B
$941K 0.01%
30,000
+400
+1% +$12.3K
TRIP icon
813
TripAdvisor
TRIP
$1.26B
$939K 0.01%
30,900
+5,646
+22% +$190K
MZTI
814
The Marzetti Company
MZTI
$3.11B
$932K 0.01%
5,820
+100
+2% +$15.1K
ENS icon
815
EnerSys
ENS
$6.99B
$928K 0.01%
12,400
+100
+0.8% +$6.93K
DKS icon
816
Dick's Sporting Goods
DKS
$18.7B
$925K 0.01%
18,700
-400
-2% -$17K
FHI icon
817
Federated Hermes
FHI
$4.72B
$922K 0.01%
28,300
+400
+1% +$13.1K
GAP
818
The Gap Inc
GAP
$7.37B
$910K 0.01%
51,446
-100
-0.2% -$1.7K
WWE
819
DELISTED
World Wrestling Entertainment
WWE
$908K 0.01%
14,000
+200
+1% +$12.7K
UA icon
820
Under Armour Class C
UA
$2.53B
$903K 0.01%
47,099
+400
+0.9% +$7.04K
KMT icon
821
Kennametal
KMT
$2.52B
$899K 0.01%
24,360
+400
+2% +$13.4K
HOMB icon
822
Home BancShares
HOMB
$6.18B
$898K 0.01%
45,700
+500
+1% +$9.43K
ENOV icon
823
Enovis
ENOV
$1.53B
$895K 0.01%
14,293
+233
+2% +$13.2K
CADE
824
DELISTED
Cadence Bank
CADE
$886K 0.01%
28,200
+1,000
+4% +$30.9K
TDC icon
825
Teradata
TDC
$2.55B
$886K 0.01%
33,100
– –
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 2019 Portfolio in Review

As of Q4 2019, State of Michigan Retirement System held 973 positions worth $12.1B, up 9.6% from $11B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

State of Michigan Retirement System's Q4 2019 filing shows 29 new, 606 increased, 214 reduced and 26 closed positions. Its largest new stake was Pinterest: 2,666,569 shares worth $49.7M. The largest sale was JPMorgan Chase, an estimated $92.3M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q4 2019 buy was Pinterest: 2,666,569 shares worth $49.7M.
  • State of Michigan Retirement System added most to UGI in Q4 2019, an estimated $91.7M increase.
  • State of Michigan Retirement System's biggest Q4 2019 reduction was JPMorgan Chase, cutting an estimated $92.3M.
  • State of Michigan Retirement System fully exited Celgene Corp in Q4 2019, selling an estimated $16.9M.
  • State of Michigan Retirement System's ten largest holdings make up 21% of its $12.1B portfolio in Q4 2019.
  • State of Michigan Retirement System opened 29 new positions and closed 26 in Q4 2019.
  • State of Michigan Retirement System's portfolio value rose 9.6% quarter-over-quarter to $12.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2019, filed 24 Jan 2020.