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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
CNX icon
876
CNX Resources
CNX
$5.2B
$761K 0.01%
70,700
-1,900
-3% -$21.4K
BDC icon
877
Belden
BDC
$5.19B
$752K 0.01%
14,000
-400
-3% -$21.9K
JACK icon
878
Jack in the Box
JACK
$335M
$746K 0.01%
9,200
– –
MLKN icon
879
MillerKnoll
MLKN
$1.67B
$740K 0.01%
21,030
-100
-0.5% -$3.49K
MTX icon
880
Minerals Technologies
MTX
$2.34B
$740K 0.01%
12,580
– –
HAIN icon
881
Hain Celestial
HAIN
$53.7M
$738K 0.01%
31,900
– –
IBOC icon
882
International Bancshares
IBOC
$4.57B
$738K 0.01%
19,400
-200
-1% -$7.56K
AN icon
883
AutoNation
AN
$6.92B
$732K 0.01%
20,500
– –
KBH icon
884
KB Home
KBH
$3.59B
$730K 0.01%
30,200
-500
-2% -$11.1K
CAKE icon
885
Cheesecake Factory
CAKE
$5.33B
$729K 0.01%
14,899
– –
AVNS
886
DELISTED
Avanos Medical
AVNS
$722K 0.01%
16,920
– –
GVA icon
887
Granite Construction
GVA
$5.62B
$718K 0.01%
16,645
-100
-0.6% -$4.45K
CMC icon
888
Commercial Metals
CMC
$8.31B
$716K 0.01%
41,900
– –
VRE
889
DELISTED
Veris Residential
VRE
$715K 0.01%
32,200
– –
UNIT
890
Uniti Group
UNIT
$2.32B
$714K 0.01%
63,840
– –
MTDR icon
891
Matador Resources
MTDR
$6.09B
$713K 0.01%
36,900
– –
WLY icon
892
John Wiley & Sons Class A
WLY
$2.66B
$712K 0.01%
16,100
– –
TEX icon
893
Terex
TEX
$7.74B
$710K 0.01%
22,100
-1,000
-4% -$31.7K
SKT icon
894
Tanger
SKT
$4.52B
$703K 0.01%
33,500
– –
NTCT icon
895
NETSCOUT
NTCT
$2.79B
$702K 0.01%
25,000
+100
+0.4% +$2.66K
WKC icon
896
World Kinect Corp
WKC
$1.86B
$690K 0.01%
23,900
-100
-0.4% -$2.63K
GNW icon
897
Genworth Financial
GNW
$3.71B
$684K 0.01%
178,500
– –
DLX icon
898
Deluxe
DLX
$1.15B
$680K 0.01%
15,562
-900
-5% -$40.4K
VC icon
899
Visteon
VC
$2.78B
$680K 0.01%
10,100
-200
-2% -$15K
EFOI icon
900
Energy Focus
EFOI
$20.3M
$665K 0.01%
15,580
– –
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 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.