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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
AVNS
851
DELISTED
Avanos Medical
AVNS
$758K 0.01%
16,920
-600
-3% -$31.4K
WLY icon
852
John Wiley & Sons Class A
WLY
$2.66B
$756K 0.01%
16,100
-700
-4% -$37.7K
CXW icon
853
CoreCivic
CXW
$3.19B
$754K 0.01%
42,312
-1,500
-3% -$32.9K
SAM icon
854
Boston Beer
SAM
$1.92B
$747K 0.01%
3,100
-100
-3% -$28K
CHX
855
DELISTED
ChampionX
CHX
$746K 0.01%
27,531
-1,100
-4% -$40.4K
MDP
856
DELISTED
Meredith Corporation
MDP
$738K 0.01%
14,200
-500
-3% -$27.1K
AN icon
857
AutoNation
AN
$6.92B
$732K 0.01%
20,500
-800
-4% -$30.2K
COHR icon
858
Coherent
COHR
$74.2B
$732K 0.01%
+22,545
New +$841K
SBH icon
859
Sally Beauty Holdings
SBH
$1.58B
$730K 0.01%
42,800
-1,600
-4% -$29.9K
PENN icon
860
PENN Entertainment
PENN
$2.71B
$727K 0.01%
+38,600
New +$918K
NAVI icon
861
Navient
NAVI
$853M
$721K 0.01%
81,800
-5,300
-6% -$60.8K
EPC icon
862
Edgewell Personal Care
EPC
$1.31B
$719K 0.01%
19,244
-700
-4% -$30.5K
SAFM
863
DELISTED
Sanderson Farms Inc
SAFM
$715K 0.01%
7,200
-200
-3% -$20.4K
JACK icon
864
Jack in the Box
JACK
$335M
$714K 0.01%
9,200
-900
-9% -$73.1K
CRUS icon
865
Cirrus Logic
CRUS
$6.26B
$707K 0.01%
21,300
-1,300
-6% -$48.2K
SWN
866
DELISTED
Southwestern Energy Company
SWN
$707K 0.01%
207,200
-9,600
-4% -$47.2K
RRC icon
867
Range Resources
RRC
$8.95B
$706K 0.01%
73,800
-2,800
-4% -$42.6K
DAN icon
868
Dana Inc
DAN
$3.06B
$703K 0.01%
51,600
-1,900
-4% -$28.8K
CHK
869
DELISTED
Chesapeake Energy Corporation
CHK
$684K 0.01%
1,629
-58
-3% -$39.9K
TRMK icon
870
Trustmark
TRMK
$2.75B
$679K 0.01%
23,900
-1,100
-4% -$34.1K
SKT icon
871
Tanger
SKT
$4.52B
$677K 0.01%
33,500
-1,200
-3% -$27K
UE icon
872
Urban Edge Properties
UE
$2.73B
$676K 0.01%
40,700
-1,500
-4% -$29.6K
SGI
873
Somnigroup International
SGI
$13.7B
$675K 0.01%
65,200
-2,400
-4% -$28.8K
GVA icon
874
Granite Construction
GVA
$5.62B
$674K 0.01%
16,745
-200
-1% -$9.13K
IBOC icon
875
International Bancshares
IBOC
$4.57B
$674K 0.01%
19,600
-700
-3% -$26.9K
33 34
35
36 37

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.