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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
MAC icon
826
Macerich
MAC
$6.92B
$872K 0.01%
32,400
+5,892
+22% +$162K
UMBF icon
827
UMB Financial
UMBF
$11.1B
$872K 0.01%
12,700
+200
+2% +$13.3K
CC icon
828
Chemours
CC
$2.37B
$870K 0.01%
48,100
+700
+1% +$11.6K
ACHC icon
829
Acadia Healthcare
ACHC
$2.94B
$867K 0.01%
26,100
+400
+2% +$12.5K
KBH icon
830
KB Home
KBH
$3.59B
$864K 0.01%
25,200
+400
+2% +$13.8K
LM
831
DELISTED
Legg Mason, Inc.
LM
$862K 0.01%
24,000
+300
+1% +$11.1K
EVR icon
832
Evercore
EVR
$11.8B
$860K 0.01%
11,500
-100
-0.9% -$7.62K
PCH
833
DELISTED
PotlatchDeltic
PCH
$857K 0.01%
19,811
+300
+2% +$12.8K
GATX icon
834
GATX Corp
GATX
$6.27B
$853K 0.01%
10,290
-100
-1% -$8.04K
R icon
835
Ryder
R
$10.1B
$853K 0.01%
15,700
+200
+1% +$10.4K
COLM icon
836
Columbia Sportswear
COLM
$2.94B
$852K 0.01%
+8,500
New +$807K
CATY icon
837
Cathay General Bancorp
CATY
$4.24B
$849K 0.01%
22,300
+300
+1% +$11K
WAFD icon
838
WaFd
WAFD
$2.75B
$844K 0.01%
23,023
– –
FULT icon
839
Fulton Financial
FULT
$4.64B
$842K 0.01%
48,300
+100
+0.2% +$1.7K
AN icon
840
AutoNation
AN
$6.92B
$841K 0.01%
17,300
+200
+1% +$10.1K
TCBI icon
841
Texas Capital Bancshares
TCBI
$4.32B
$840K 0.01%
14,800
+200
+1% +$11.4K
WKC icon
842
World Kinect Corp
WKC
$1.86B
$834K 0.01%
19,200
+200
+1% +$8.37K
AVNT icon
843
Avient
AVNT
$4.19B
$831K 0.01%
22,600
+300
+1% +$9.8K
GHC icon
844
Graham Holdings Company
GHC
$5.02B
$831K 0.01%
1,300
– –
VSH icon
845
Vishay Intertechnology
VSH
$5.43B
$829K 0.01%
38,952
+600
+2% +$11.6K
SXT icon
846
Sensient Technologies
SXT
$5.53B
$824K 0.01%
12,470
+200
+2% +$12.8K
EQT icon
847
EQT Corp
EQT
$32.3B
$820K 0.01%
75,270
+1,100
+1% +$10.8K
PENN icon
848
PENN Entertainment
PENN
$2.71B
$820K 0.01%
32,100
+500
+2% +$11.1K
BJ icon
849
BJs Wholesale Club
BJ
$12.3B
$816K 0.01%
+35,900
New +$887K
CNO icon
850
CNO Financial Group
CNO
$5.1B
$807K 0.01%
44,500
-800
-2% -$13.6K
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 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.