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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
COTY icon
851
Coty
COTY
$2.48B
$804K 0.01%
71,489
+800
+1% +$9.11K
ETRN
852
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$801K 0.01%
59,936
+700
+1% +$8.68K
THS
853
DELISTED
Treehouse Foods
THS
$800K 0.01%
16,500
+200
+1% +$10.2K
CBT icon
854
Cabot Corp
CBT
$4.52B
$797K 0.01%
16,780
– –
NAVI icon
855
Navient
NAVI
$853M
$782K 0.01%
57,200
-1,600
-3% -$21.5K
CMD
856
DELISTED
Cantel Medical Corporation
CMD
$780K 0.01%
11,000
+300
+3% +$21.8K
FLR icon
857
Fluor
FLR
$7.96B
$779K 0.01%
41,253
+700
+2% +$12.7K
CMC icon
858
Commercial Metals
CMC
$8.31B
$777K 0.01%
34,900
+700
+2% +$14.2K
DAN icon
859
Dana Inc
DAN
$3.06B
$772K 0.01%
42,400
+600
+1% +$10K
CHX
860
DELISTED
ChampionX
CHX
$771K 0.01%
22,831
+400
+2% +$10.9K
ATI icon
861
ATI
ATI
$31B
$766K 0.01%
37,100
+500
+1% +$10.8K
TDS icon
862
Telephone and Data Systems
TDS
$3.75B
$731K 0.01%
28,736
+400
+1% +$9.81K
IBOC icon
863
International Bancshares
IBOC
$4.57B
$728K 0.01%
16,900
+100
+0.6% +$4.14K
MLKN icon
864
MillerKnoll
MLKN
$1.67B
$722K 0.01%
17,330
+200
+1% +$9.26K
SLGN icon
865
Silgan Holdings
SLGN
$4.41B
$711K 0.01%
22,862
+300
+1% +$9.17K
VC icon
866
Visteon
VC
$2.78B
$710K 0.01%
8,200
+100
+1% +$8.91K
BYD icon
867
Boyd Gaming
BYD
$6.06B
$707K 0.01%
23,600
+400
+2% +$11.3K
TREE icon
868
LendingTree
TREE
$451M
$698K 0.01%
2,300
+100
+5% +$33.1K
CRS icon
869
Carpenter Technology
CRS
$28.4B
$697K 0.01%
14,000
+200
+1% +$10.3K
MD icon
870
Pediatrix Medical
MD
$2.2B
$689K 0.01%
24,800
+400
+2% +$10K
ICPT
871
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$689K 0.01%
5,561
– –
AEO icon
872
American Eagle Outfitters
AEO
$3.01B
$688K 0.01%
46,775
+700
+2% +$10.7K
SFM icon
873
Sprouts Farmers Market
SFM
$8.01B
$673K 0.01%
34,800
+500
+1% +$9.68K
NUS icon
874
Nu Skin
NUS
$267M
$668K 0.01%
16,300
+200
+1% +$8.16K
AM icon
875
Antero Midstream
AM
$10.1B
$663K 0.01%
87,400
+12,400
+17% +$78.4K
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 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.