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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
CMP icon
901
Compass Minerals
CMP
$1.15B
$658K 0.01%
12,100
– –
QEP
902
DELISTED
QEP RESOURCES, INC.
QEP
$657K 0.01%
84,300
-100
-0.1% -$798
MNK
903
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$646K 0.01%
29,700
– –
SM icon
904
SM Energy
SM
$6.87B
$644K 0.01%
36,800
– –
PDCO
905
DELISTED
Patterson Companies, Inc.
PDCO
$642K 0.01%
29,400
– –
TPH
906
DELISTED
Tri Pointe Homes
TPH
$638K 0.01%
50,500
-200
-0.4% -$2.54K
ICPT
907
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$622K 0.01%
+5,561
New +$608K
ALEX
908
DELISTED
Alexander & Baldwin
ALEX
$614K ﹤0.01%
24,139
– –
CPE
909
DELISTED
Callon Petroleum Company
CPE
$612K ﹤0.01%
8,110
– –
ESV
910
DELISTED
Ensco Rowan plc
ESV
$612K ﹤0.01%
38,950
– –
NPTN
911
DELISTED
NEOPHOTONICS CORP
NPTN
$611K ﹤0.01%
+97,188
New +$681K
DLPH
912
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$607K ﹤0.01%
31,500
– –
INGN icon
913
Inogen
INGN
$164M
$601K ﹤0.01%
6,300
– –
EVOK
914
DELISTED
Evoke Pharma
EVOK
$600K ﹤0.01%
2,778
– –
EAT icon
915
Brinker International
EAT
$9.66B
$594K ﹤0.01%
13,377
-400
-3% -$18K
MDRX
916
DELISTED
Veradigm Inc. Common Stock
MDRX
$583K ﹤0.01%
61,100
-1,200
-2% -$13.3K
CHRD icon
917
Chord Energy
CHRD
$7.39B
$576K ﹤0.01%
95,300
– –
HNI icon
918
HNI Corp
HNI
$3.59B
$564K ﹤0.01%
15,540
-100
-0.6% -$3.85K
BIDU icon
919
Baidu
BIDU
$37.2B
$557K ﹤0.01%
3,380
-5,770
-63% -$966K
OII icon
920
Oceaneering
OII
$4.77B
$554K ﹤0.01%
35,100
– –
PBH icon
921
Prestige Consumer Healthcare
PBH
$2.6B
$550K ﹤0.01%
18,400
– –
DNOW icon
922
DNOW Inc
DNOW
$2.99B
$539K ﹤0.01%
38,627
– –
POLY
923
DELISTED
Plantronics, Inc.
POLY
$539K ﹤0.01%
11,700
-100
-0.8% -$4.36K
WERN icon
924
Werner Enterprises
WERN
$2.25B
$532K ﹤0.01%
15,575
-200
-1% -$6.67K
WOR icon
925
Worthington Enterprises
WOR
$2.86B
$522K ﹤0.01%
22,672
-649
-3% -$14.9K
35 36
37
38 39

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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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
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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.