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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
NSP icon
851
Insperity
NSP
$1.96B
$392K ﹤0.01%
10,500
-600
-5% -$42.6K
R icon
852
Ryder
R
$9.98B
$391K ﹤0.01%
14,800
-900
-6% -$37.9K
HP icon
853
Helmerich & Payne
HP
$4.18B
$388K ﹤0.01%
24,792
-1,400
-5% -$49.3K
BDC icon
854
Belden
BDC
$5.28B
$386K ﹤0.01%
10,700
-700
-6% -$32.1K
PENN icon
855
PENN Entertainment
PENN
$2.53B
$383K ﹤0.01%
30,300
-1,800
-6% -$45.2K
VRE
856
DELISTED
Veris Residential
VRE
$382K ﹤0.01%
25,100
-1,500
-6% -$30.7K
IDCC icon
857
InterDigital
IDCC
$8.99B
$379K ﹤0.01%
8,500
-500
-6% -$26.3K
JWN
858
DELISTED
Nordstrom
JWN
$376K ﹤0.01%
24,492
-1,400
-5% -$46.7K
CPRI icon
859
Capri Holdings
CPRI
$1.75B
$375K ﹤0.01%
34,748
-1,900
-5% -$49.9K
GT icon
860
Goodyear
GT
$1.74B
$375K ﹤0.01%
64,516
-3,900
-6% -$42.6K
DKS icon
861
Dick's Sporting Goods
DKS
$19.2B
$374K ﹤0.01%
17,600
-1,100
-6% -$42.2K
CMD
862
DELISTED
Cantel Medical Corporation
CMD
$373K ﹤0.01%
10,400
-600
-5% -$34.1K
VC icon
863
Visteon
VC
$2.8B
$369K ﹤0.01%
7,700
-500
-6% -$36.3K
PDCO
864
DELISTED
Patterson Companies, Inc.
PDCO
$365K ﹤0.01%
23,900
-1,500
-6% -$32.4K
MLKN icon
865
MillerKnoll
MLKN
$1.64B
$363K ﹤0.01%
16,330
-1,000
-6% -$34.6K
CMP icon
866
Compass Minerals
CMP
$1.13B
$362K ﹤0.01%
9,400
-600
-6% -$32.7K
APA icon
867
APA Corp
APA
$14.4B
$360K ﹤0.01%
86,194
-4,700
-5% -$105K
UA icon
868
Under Armour Class C
UA
$2.42B
$359K ﹤0.01%
44,599
-2,500
-5% -$35.9K
NAVI icon
869
Navient
NAVI
$796M
$358K ﹤0.01%
47,200
-10,000
-17% -$119K
EPC icon
870
Edgewell Personal Care
EPC
$1.29B
$357K ﹤0.01%
14,844
-900
-6% -$26.9K
WPX
871
DELISTED
WPX Energy, Inc.
WPX
$352K ﹤0.01%
115,400
-7,200
-6% -$67.9K
AVNS
872
DELISTED
Avanos Medical
AVNS
$351K ﹤0.01%
13,020
-800
-6% -$23.9K
MTX icon
873
Minerals Technologies
MTX
$2.32B
$351K ﹤0.01%
9,680
-600
-6% -$29.1K
AEO icon
874
American Eagle Outfitters
AEO
$3.07B
$350K ﹤0.01%
44,075
-2,700
-6% -$34.3K
COTY icon
875
Coty
COTY
$2.51B
$350K ﹤0.01%
67,789
-3,700
-5% -$34.7K
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
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.