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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
WTFC icon
801
Wintrust Financial
WTFC
$10.7B
$519K 0.01%
15,800
-1,000
-6% -$55.5K
HOMB icon
802
Home BancShares
HOMB
$6.17B
$517K 0.01%
43,100
-2,600
-6% -$45.1K
EFOR
803
Everforth Inc
EFOR
$1.33B
$516K 0.01%
14,600
-900
-6% -$51K
PBH icon
804
Prestige Consumer Healthcare
PBH
$2.51B
$514K 0.01%
14,000
-800
-5% -$31.1K
SXT icon
805
Sensient Technologies
SXT
$5.51B
$512K 0.01%
11,770
-700
-6% -$38.6K
FHI icon
806
Federated Hermes
FHI
$4.71B
$509K 0.01%
26,700
-1,600
-6% -$47.5K
TRIP icon
807
TripAdvisor
TRIP
$1.26B
$506K 0.01%
29,100
-1,800
-6% -$45.6K
CADE
808
DELISTED
Cadence Bank
CADE
$503K 0.01%
26,600
-1,600
-6% -$42.3K
EQT icon
809
EQT Corp
EQT
$33.8B
$502K 0.01%
70,970
-4,300
-6% -$30.2K
EVR icon
810
Evercore
EVR
$11.5B
$497K 0.01%
10,800
-700
-6% -$46.9K
HCSG icon
811
Healthcare Services Group
HCSG
$1.5B
$490K 0.01%
20,500
-1,300
-6% -$33.4K
WRI
812
DELISTED
Weingarten Realty Investors
WRI
$485K 0.01%
33,600
-2,000
-6% -$52.8K
CATY icon
813
Cathay General Bancorp
CATY
$4.23B
$482K 0.01%
21,000
-1,300
-6% -$41.6K
AVNT icon
814
Avient
AVNT
$4.19B
$478K 0.01%
25,200
+2,600
+12% +$72.7K
CVLT icon
815
Commault Systems
CVLT
$5.78B
$474K 0.01%
11,700
-700
-6% -$30.2K
XEC
816
DELISTED
CIMAREX ENERGY CO
XEC
$474K 0.01%
28,180
+3,600
+15% +$129K
HWC icon
817
Hancock Whitney
HWC
$6.21B
$472K 0.01%
24,200
-1,500
-6% -$51.8K
EVOK
818
DELISTED
Evoke Pharma
EVOK
$464K 0.01%
2,778
– –
GNW icon
819
Genworth Financial
GNW
$3.7B
$463K 0.01%
139,600
-8,500
-6% -$35.2K
ENOV icon
820
Enovis
ENOV
$1.4B
$459K 0.01%
13,479
-814
-6% -$44.7K
AN icon
821
AutoNation
AN
$6.88B
$457K 0.01%
16,300
-1,000
-6% -$41.3K
CRWD icon
822
CrowdStrike
CRWD
$229B
$457K 0.01%
32,840
-397,200
-92% -$5.61M
WLY icon
823
John Wiley & Sons Class A
WLY
$2.62B
$457K 0.01%
12,200
-700
-5% -$29.4K
ICPT
824
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$457K 0.01%
7,261
+1,700
+31% +$153K
WKC icon
825
World Kinect Corp
WKC
$1.89B
$456K 0.01%
18,100
-1,100
-6% -$37.5K
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
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
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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.