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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
+13.65%
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
$12.5B
AUM Growth
+$1.31B
Cap. Flow
-$79.1M
Cap. Flow %
-0.63%
Top 10 Hldgs %
22.44%
Holding
968
New
24
Increased
369
Reduced
350
Closed
18

Top Buys

Rank Stock Value
1
RITM icon
Rithm Capital
RITM
+$49.4M
2
SPNT icon
SiriusPoint
SPNT
+$44.7M
3
CVS icon
CVS Health
CVS
+$30.5M
4
ORCL icon
Oracle
ORCL
+$30.2M
5
SYK icon
Stryker
SYK
+$28.9M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$82.5M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$70.3M
3
GILD icon
Gilead Sciences
GILD
+$63.7M
4
MCK icon
McKesson
MCK
+$32.8M
5
COR icon
Cencora
COR
+$31.4M

Sector Composition

Rank Sector Weight
1 Technology 16.88%
2 Financials 14.51%
3 Real Estate 12.52%
4 Healthcare 12.42%
5 Industrials 9.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VSH icon
851
Vishay Intertechnology
VSH
$5.43B
$871K 0.01%
47,152
+100
+0.2% +$2K
HCSG icon
852
Healthcare Services Group
HCSG
$1.53B
$868K 0.01%
26,300
– –
CMD
853
DELISTED
Cantel Medical Corporation
CMD
$863K 0.01%
12,900
– –
THC icon
854
Tenet Healthcare
THC
$21.1B
$854K 0.01%
29,600
– –
MD icon
855
Pediatrix Medical
MD
$2.2B
$850K 0.01%
31,300
-600
-2% -$20.1K
EPC icon
856
Edgewell Personal Care
EPC
$1.31B
$845K 0.01%
19,244
– –
REZI icon
857
Resideo Technologies
REZI
$3.95B
$845K 0.01%
43,800
– –
WAFD icon
858
WaFd
WAFD
$2.75B
$836K 0.01%
28,923
-100
-0.3% -$2.94K
LM
859
DELISTED
Legg Mason, Inc.
LM
$835K 0.01%
30,500
– –
BBBY
860
DELISTED
Bed Bath & Beyond Inc
BBBY
$833K 0.01%
49,000
-200
-0.4% -$3.02K
RRC icon
861
Range Resources
RRC
$8.95B
$832K 0.01%
74,000
+200
+0.3% +$2.17K
GEO icon
862
The GEO Group
GEO
$4.04B
$827K 0.01%
43,050
-400
-0.9% -$8.59K
CXW icon
863
CoreCivic
CXW
$3.19B
$823K 0.01%
42,312
– –
SLGN icon
864
Silgan Holdings
SLGN
$4.41B
$817K 0.01%
27,562
– –
AVNT icon
865
Avient
AVNT
$4.19B
$812K 0.01%
27,700
-800
-3% -$25.1K
URBN icon
866
Urban Outfitters
URBN
$6.59B
$797K 0.01%
26,900
– –
SBH icon
867
Sally Beauty Holdings
SBH
$1.58B
$792K 0.01%
43,000
+200
+0.5% +$3.57K
CAR icon
868
Avis
CAR
$5.02B
$791K 0.01%
22,700
-500
-2% -$15K
MDP
869
DELISTED
Meredith Corporation
MDP
$790K 0.01%
14,300
+100
+0.7% +$5.55K
BYD icon
870
Boyd Gaming
BYD
$6.06B
$780K 0.01%
28,500
-300
-1% -$8.19K
TRMK icon
871
Trustmark
TRMK
$2.75B
$780K 0.01%
23,200
-700
-3% -$22.9K
CRS icon
872
Carpenter Technology
CRS
$28.4B
$775K 0.01%
16,900
– –
UE icon
873
Urban Edge Properties
UE
$2.73B
$775K 0.01%
40,800
+100
+0.2% +$1.93K
IDCC icon
874
InterDigital
IDCC
$8.89B
$765K 0.01%
11,600
-500
-4% -$34.8K
PENN icon
875
PENN Entertainment
PENN
$2.71B
$762K 0.01%
37,900
-700
-2% -$16.4K
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 Q1 2019 Portfolio in Review

As of Q1 2019, State of Michigan Retirement System held 968 positions worth $12.5B, up 12% from $11.1B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Trading was light in Q1 2019: portfolio turnover was 4.3%. State of Michigan Retirement System opened 24 new positions and exited 18, leaving the 968-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Financials and Real Estate.

  • State of Michigan Retirement System's largest Q1 2019 buy was SiriusPoint: 4,200,000 shares worth $43.6M.
  • State of Michigan Retirement System added most to Rithm Capital in Q1 2019, an estimated $49.4M increase.
  • State of Michigan Retirement System's biggest Q1 2019 reduction was Exelon, cutting an estimated $82.5M.
  • State of Michigan Retirement System fully exited Burlington in Q1 2019, selling an estimated $31.2M.
  • State of Michigan Retirement System's ten largest holdings make up 22% of its $12.5B portfolio in Q1 2019.
  • State of Michigan Retirement System opened 24 new positions and closed 18 in Q1 2019.
  • State of Michigan Retirement System's portfolio value rose 12% quarter-over-quarter to $12.5B.

Based on State of Michigan Retirement System's 13F filing for Q1 2019, filed 6 May 2019.