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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
CMC icon
876
Commercial Metals
CMC
$8.31B
$671K 0.01%
41,900
-1,400
-3% -$26.1K
SLGN icon
877
Silgan Holdings
SLGN
$4.41B
$651K 0.01%
27,562
-1,100
-4% -$27.7K
CAKE icon
878
Cheesecake Factory
CAKE
$5.33B
$648K 0.01%
14,899
-700
-4% -$33.9K
DBX icon
879
Dropbox
DBX
$8.12B
$646K 0.01%
+31,607
New +$728K
MTX icon
880
Minerals Technologies
MTX
$2.34B
$646K 0.01%
12,580
-500
-4% -$27.9K
MLKN icon
881
MillerKnoll
MLKN
$1.67B
$639K 0.01%
21,130
-900
-4% -$29.9K
TEX icon
882
Terex
TEX
$7.74B
$637K 0.01%
23,100
-900
-4% -$28.8K
DLX icon
883
Deluxe
DLX
$1.15B
$633K 0.01%
16,462
-1,200
-7% -$57.2K
VRE
884
DELISTED
Veris Residential
VRE
$631K 0.01%
32,200
-1,200
-4% -$24.6K
VC icon
885
Visteon
VC
$2.78B
$621K 0.01%
10,300
-600
-6% -$45.2K
HOUS
886
DELISTED
Anywhere Real Estate
HOUS
$618K 0.01%
42,100
-3,800
-8% -$69.2K
EAT icon
887
Brinker International
EAT
$9.66B
$606K 0.01%
13,777
-1,300
-9% -$61.7K
DY icon
888
Dycom Industries
DY
$12.3B
$605K 0.01%
11,200
-400
-3% -$26.9K
CRS icon
889
Carpenter Technology
CRS
$28.4B
$602K 0.01%
16,900
-600
-3% -$27.1K
BDC icon
890
Belden
BDC
$5.19B
$601K 0.01%
14,400
-600
-4% -$32.6K
MDRX
891
DELISTED
Veradigm Inc. Common Stock
MDRX
$601K 0.01%
62,300
-2,300
-4% -$25.7K
BYD icon
892
Boyd Gaming
BYD
$6.06B
$598K 0.01%
28,800
-1,100
-4% -$28.9K
TREE icon
893
LendingTree
TREE
$451M
$593K 0.01%
2,700
– –
NTCT icon
894
NETSCOUT
NTCT
$2.79B
$588K 0.01%
24,900
-1,900
-7% -$47.9K
SIG icon
895
Signet Jewelers
SIG
$3.76B
$588K 0.01%
18,500
-700
-4% -$35.1K
KBH icon
896
KB Home
KBH
$3.59B
$586K 0.01%
30,700
-900
-3% -$18.5K
PDCO
897
DELISTED
Patterson Companies, Inc.
PDCO
$578K 0.01%
29,400
-1,100
-4% -$25.7K
MTDR icon
898
Matador Resources
MTDR
$6.09B
$573K 0.01%
36,900
-1,400
-4% -$35.2K
SM icon
899
SM Energy
SM
$6.87B
$570K 0.01%
36,800
-1,400
-4% -$32.4K
PBH icon
900
Prestige Consumer Healthcare
PBH
$2.6B
$568K 0.01%
18,400
-700
-4% -$25.5K
34 35
36
37 38

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.