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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
M icon
876
Macy's
M
$6.55B
$348K ﹤0.01%
70,830
-3,900
-5% -$52.9K
TWST icon
877
Twist Bioscience
TWST
$7.83B
$347K ﹤0.01%
+11,338
New +$305K
UFS
878
DELISTED
DOMTAR CORPORATION (New)
UFS
$344K ﹤0.01%
15,900
-1,000
-6% -$31.8K
GAP
879
The Gap Inc
GAP
$7.74B
$343K ﹤0.01%
48,746
-2,700
-5% -$40.1K
BIDU icon
880
Baidu
BIDU
$37.1B
$341K ﹤0.01%
3,380
– –
TPH
881
DELISTED
Tri Pointe Homes
TPH
$339K ﹤0.01%
38,600
-2,400
-6% -$35.1K
NUS icon
882
Nu Skin
NUS
$250M
$336K ﹤0.01%
15,400
-900
-6% -$27.1K
LGND icon
883
Ligand Pharmaceuticals
LGND
$6.42B
$335K ﹤0.01%
7,374
-962
-12% -$54.5K
PZZA icon
884
Papa John's
PZZA
$785M
$326K ﹤0.01%
6,100
-400
-6% -$24.1K
BYD icon
885
Boyd Gaming
BYD
$5.92B
$320K ﹤0.01%
22,200
-1,400
-6% -$35.9K
YELP icon
886
Yelp
YELP
$1.35B
$319K ﹤0.01%
17,700
-1,100
-6% -$33.4K
MDRX
887
DELISTED
Veradigm Inc. Common Stock
MDRX
$318K ﹤0.01%
45,100
-2,700
-6% -$21.9K
BFH icon
888
Bread Financial
BFH
$4.38B
$316K ﹤0.01%
11,782
-626
-5% -$42.6K
DAN icon
889
Dana Inc
DAN
$3.21B
$312K ﹤0.01%
40,000
-2,400
-6% -$33.1K
TCBI icon
890
Texas Capital Bancshares
TCBI
$4.32B
$310K ﹤0.01%
14,000
-800
-5% -$37.1K
MCY icon
891
Mercury Insurance
MCY
$5.92B
$305K ﹤0.01%
7,500
-500
-6% -$22.8K
OI icon
892
O-I Glass
OI
$1.08B
$303K ﹤0.01%
42,600
-2,600
-6% -$28.5K
CNK icon
893
Cinemark Holdings
CNK
$4.38B
$302K ﹤0.01%
29,600
-1,800
-6% -$46.2K
DLX icon
894
Deluxe
DLX
$1.12B
$302K ﹤0.01%
11,662
-700
-6% -$27K
ET icon
895
Energy Transfer Partners
ET
$70.9B
$301K ﹤0.01%
+65,460
New +$697K
AMCX icon
896
AMC Global Media
AMCX
$489M
$298K ﹤0.01%
12,250
-700
-5% -$23.7K
ATI icon
897
ATI
ATI
$31.1B
$298K ﹤0.01%
35,000
-2,100
-6% -$33.5K
X
898
DELISTED
US Steel
X
$297K ﹤0.01%
47,100
-2,900
-6% -$24.3K
HNI icon
899
HNI Corp
HNI
$3.54B
$296K ﹤0.01%
11,740
-700
-6% -$23.3K
ETRN
900
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$288K ﹤0.01%
57,236
-2,700
-5% -$23.6K
34 35
36
37 38

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FAM
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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
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CHP
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IC
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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.