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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
BBBY
901
DELISTED
Bed Bath & Beyond Inc
BBBY
$557K 0.01%
49,200
-2,600
-5% -$34K
ESV
902
DELISTED
Ensco Rowan plc
ESV
$555K 0.01%
38,950
-1,475
-4% -$38K
HNI icon
903
HNI Corp
HNI
$3.59B
$554K 0.01%
15,640
-500
-3% -$19K
TPH
904
DELISTED
Tri Pointe Homes
TPH
$554K 0.01%
50,700
-5,500
-10% -$65K
TUP
905
DELISTED
Tupperware Brands Corporation
TUP
$546K ﹤0.01%
17,287
-1,200
-6% -$41.8K
HIVE
906
DELISTED
Aerohive Networks
HIVE
$533K ﹤0.01%
163,573
-83,475
-34% -$314K
WW
907
DELISTED
WW International
WW
$532K ﹤0.01%
13,800
-500
-3% -$27.4K
CHRD icon
908
Chord Energy
CHRD
$7.39B
$527K ﹤0.01%
95,300
-3,500
-4% -$31.8K
CPE
909
DELISTED
Callon Petroleum Company
CPE
$526K ﹤0.01%
8,110
-310
-4% -$29.9K
CAR icon
910
Avis
CAR
$5.02B
$522K ﹤0.01%
23,200
-1,400
-6% -$40.6K
WKC icon
911
World Kinect Corp
WKC
$1.86B
$514K ﹤0.01%
24,000
-1,100
-4% -$29K
THC icon
912
Tenet Healthcare
THC
$21.1B
$507K ﹤0.01%
29,600
-1,100
-4% -$26.6K
HAIN icon
913
Hain Celestial
HAIN
$53.7M
$506K ﹤0.01%
31,900
-1,200
-4% -$26.7K
CMP icon
914
Compass Minerals
CMP
$1.15B
$504K ﹤0.01%
12,100
-400
-3% -$21.1K
MCY icon
915
Mercury Insurance
MCY
$6.07B
$502K ﹤0.01%
9,700
-300
-3% -$16.3K
WOR icon
916
Worthington Enterprises
WOR
$2.86B
$501K ﹤0.01%
23,321
-973
-4% -$24.2K
BID
917
DELISTED
Sotheby's
BID
$494K ﹤0.01%
12,427
-1,100
-8% -$44.9K
CARS icon
918
Cars.com
CARS
$660M
$484K ﹤0.01%
22,499
-1,200
-5% -$30K
QEP
919
DELISTED
QEP RESOURCES, INC.
QEP
$475K ﹤0.01%
84,400
-3,200
-4% -$28.1K
MNK
920
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$469K ﹤0.01%
29,700
-1,100
-4% -$27.4K
ADNT icon
921
Adient
ADNT
$1.5B
$467K ﹤0.01%
31,000
-1,100
-3% -$28.5K
WERN icon
922
Werner Enterprises
WERN
$2.25B
$466K ﹤0.01%
15,775
-700
-4% -$22.8K
SYNA icon
923
Synaptics
SYNA
$4.15B
$458K ﹤0.01%
12,300
-800
-6% -$30K
DLPH
924
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$451K ﹤0.01%
31,500
-1,300
-4% -$25.3K
DNOW icon
925
DNOW Inc
DNOW
$2.99B
$450K ﹤0.01%
38,627
-1,500
-4% -$21K
35 36
37
38 39

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.