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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
CLDR
826
DELISTED
Cloudera, Inc.
CLDR
$856K 0.01%
77,374
+24,464
+46% +$325K
SYNH
827
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$854K 0.01%
21,700
-800
-4% -$37.2K
VSH icon
828
Vishay Intertechnology
VSH
$5.43B
$847K 0.01%
47,052
-1,800
-4% -$33.9K
COTY icon
829
Coty
COTY
$2.48B
$846K 0.01%
128,989
-5,200
-4% -$48K
CADE
830
DELISTED
Cadence Bank
CADE
$844K 0.01%
32,300
-900
-3% -$26.2K
SXT icon
831
Sensient Technologies
SXT
$5.53B
$842K 0.01%
15,070
-600
-4% -$39.2K
CZR icon
832
Caesars Entertainment
CZR
$6.14B
$840K 0.01%
23,200
-800
-3% -$31.7K
TGNA
833
DELISTED
TEGNA Inc
TGNA
$834K 0.01%
76,700
-2,900
-4% -$35K
NFX
834
DELISTED
Newfield Exploration
NFX
$834K 0.01%
56,912
-2,600
-4% -$52.3K
GNW icon
835
Genworth Financial
GNW
$3.71B
$832K 0.01%
178,500
-6,700
-4% -$28.9K
CNX icon
836
CNX Resources
CNX
$5.2B
$829K 0.01%
72,600
-6,200
-8% -$85.5K
MUSA icon
837
Murphy USA
MUSA
$9.61B
$822K 0.01%
10,725
-300
-3% -$23.7K
CVLT icon
838
Commault Systems
CVLT
$5.61B
$821K 0.01%
13,900
-300
-2% -$17.7K
DKS icon
839
Dick's Sporting Goods
DKS
$18.7B
$821K 0.01%
26,300
-2,000
-7% -$69.5K
CDP icon
840
COPT Defense Properties
CDP
$4.21B
$816K 0.01%
38,800
+600
+2% +$15.3K
AVNT icon
841
Avient
AVNT
$4.19B
$815K 0.01%
28,500
-1,100
-4% -$36.8K
ACHC icon
842
Acadia Healthcare
ACHC
$2.94B
$810K 0.01%
31,500
-1,100
-3% -$38.1K
IDCC icon
843
InterDigital
IDCC
$8.89B
$804K 0.01%
12,100
-800
-6% -$58.3K
PTEN icon
844
Patterson-UTI
PTEN
$3.76B
$802K 0.01%
77,500
-3,900
-5% -$57.5K
UFS
845
DELISTED
DOMTAR CORPORATION (New)
UFS
$787K 0.01%
22,400
-900
-4% -$39.5K
INGN icon
846
Inogen
INGN
$164M
$782K 0.01%
6,300
-100
-2% -$16.5K
LM
847
DELISTED
Legg Mason, Inc.
LM
$778K 0.01%
30,500
-1,100
-3% -$30.8K
WAFD icon
848
WaFd
WAFD
$2.75B
$775K 0.01%
29,023
-1,900
-6% -$53.4K
KBR icon
849
KBR
KBR
$4.8B
$763K 0.01%
50,242
-1,800
-3% -$33.7K
PCH
850
DELISTED
PotlatchDeltic
PCH
$763K 0.01%
24,111
+870
+4% +$31.1K
32 33
34
35 36

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.