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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
TDS icon
826
Telephone and Data Systems
TDS
$3.88B
$455K 0.01%
27,136
-1,600
-6% -$34.7K
RH icon
827
RH
RH
$3.47B
$452K 0.01%
4,500
-300
-6% -$55.9K
CIT
828
DELISTED
CIT Group Inc.
CIT
$452K 0.01%
+26,200
New +$989K
ACHC icon
829
Acadia Healthcare
ACHC
$2.96B
$451K 0.01%
24,600
-1,500
-6% -$42.9K
SABR icon
830
Sabre
SABR
$835M
$451K 0.01%
76,000
-4,600
-6% -$76.9K
WWE
831
DELISTED
World Wrestling Entertainment
WWE
$448K ﹤0.01%
13,200
-800
-6% -$38.8K
WERN icon
832
Werner Enterprises
WERN
$2.2B
$445K ﹤0.01%
12,275
-800
-6% -$28.8K
GHC icon
833
Graham Holdings Company
GHC
$4.99B
$444K ﹤0.01%
1,300
– –
TRN icon
834
Trinity Industries
TRN
$2.3B
$437K ﹤0.01%
27,194
-1,700
-6% -$34K
NTCT icon
835
NETSCOUT
NTCT
$2.81B
$433K ﹤0.01%
18,300
-1,100
-6% -$27.9K
KBH icon
836
KB Home
KBH
$3.47B
$431K ﹤0.01%
23,800
-1,400
-6% -$44.8K
KMT icon
837
Kennametal
KMT
$2.41B
$428K ﹤0.01%
22,960
-1,400
-6% -$39.9K
IBOC icon
838
International Bancshares
IBOC
$4.53B
$427K ﹤0.01%
15,900
-1,000
-6% -$35.8K
AAN.A
839
DELISTED
The Aaron's Company Inc Class A
AAN.A
$426K ﹤0.01%
18,700
-1,100
-6% -$25.1K
THC icon
840
Tenet Healthcare
THC
$20.9B
$415K ﹤0.01%
28,800
-1,800
-6% -$51.7K
TRMK icon
841
Trustmark
TRMK
$2.75B
$415K ﹤0.01%
17,800
-1,100
-6% -$32.8K
CBT icon
842
Cabot Corp
CBT
$4.46B
$412K ﹤0.01%
15,780
-1,000
-6% -$38.1K
NGVT icon
843
Ingevity
NGVT
$2.65B
$408K ﹤0.01%
11,600
-700
-6% -$40.9K
TMHC
844
DELISTED
Taylor Morrison
TMHC
$405K ﹤0.01%
+36,800
New +$791K
PSXP
845
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
$404K ﹤0.01%
+11,080
New +$588K
TREE icon
846
LendingTree
TREE
$453M
$403K ﹤0.01%
2,200
-100
-4% -$28.3K
CVSA
847
Covista Inc
CVSA
$4.38B
$402K ﹤0.01%
15,000
-900
-6% -$28.7K
CC icon
848
Chemours
CC
$2.2B
$402K ﹤0.01%
45,300
-2,800
-6% -$40.4K
UAA icon
849
Under Armour
UAA
$2.52B
$397K ﹤0.01%
43,156
-2,400
-5% -$38.6K
PEB icon
850
Pebblebrook Hotel Trust
PEB
$2B
$395K ﹤0.01%
36,256
-2,200
-6% -$44.7K
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
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
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
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.