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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
+8.49%
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
$12.1B
AUM Growth
+$1.06B
Cap. Flow
+$176M
Cap. Flow %
1.45%
Top 10 Hldgs %
21.16%
Holding
973
New
29
Increased
606
Reduced
214
Closed
26

Top Buys

Rank Stock Value
1
UGI icon
UGI
UGI
+$91.7M
2
EXC icon
Exelon
EXC
+$90.8M
3
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$86.9M
4
PINS icon
Pinterest
PINS
+$57.6M
5
TDG icon
TransDigm Group
TDG
+$43.7M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$92.3M
2
HD icon
Home Depot
HD
+$58M
3
DIS icon
Walt Disney
DIS
+$57.7M
4
HON icon
Honeywell
HON
+$53.2M
5
IBM icon
IBM
IBM
+$50.8M

Sector Composition

Rank Sector Weight
1 Technology 17.7%
2 Financials 14.22%
3 Healthcare 12.86%
4 Real Estate 10.39%
5 Industrials 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TCO
901
DELISTED
Taubman Centers Inc.
TCO
$560K ﹤0.01%
18,000
+200
+1% +$6.86K
CVSA
902
Covista Inc
CVSA
$4.8B
$556K ﹤0.01%
15,900
– –
CVLT icon
903
Commault Systems
CVLT
$5.61B
$554K ﹤0.01%
12,400
+300
+2% +$14.2K
JACK icon
904
Jack in the Box
JACK
$335M
$546K ﹤0.01%
7,000
-500
-7% -$41.4K
ADNT icon
905
Adient
ADNT
$1.5B
$544K ﹤0.01%
25,600
+300
+1% +$6.65K
LGND icon
906
Ligand Pharmaceuticals
LGND
$6.36B
$542K ﹤0.01%
8,336
-481
-5% -$32.1K
OI icon
907
O-I Glass
OI
$1.08B
$539K ﹤0.01%
45,200
+100
+0.2% +$998
CAR icon
908
Avis
CAR
$5.02B
$538K ﹤0.01%
16,700
-300
-2% -$9K
PD icon
909
PagerDuty
PD
$902M
$535K ﹤0.01%
+22,873
New +$562K
HCSG icon
910
Healthcare Services Group
HCSG
$1.53B
$530K ﹤0.01%
21,800
+300
+1% +$7.43K
WW
911
DELISTED
WW International
WW
$523K ﹤0.01%
13,700
+200
+1% +$7.59K
PDCO
912
DELISTED
Patterson Companies, Inc.
PDCO
$520K ﹤0.01%
25,400
+400
+2% +$7.57K
AMCX icon
913
AMC Global Media
AMCX
$489M
$512K ﹤0.01%
12,950
+100
+0.8% +$4.2K
PPC icon
914
Pilgrim's Pride
PPC
$6.54B
$504K ﹤0.01%
15,400
+200
+1% +$6.22K
CLB icon
915
Core Laboratories
CLB
$521M
$493K ﹤0.01%
13,100
+200
+2% +$8.99K
IDCC icon
916
InterDigital
IDCC
$8.89B
$490K ﹤0.01%
9,000
– –
EPC icon
917
Edgewell Personal Care
EPC
$1.31B
$487K ﹤0.01%
15,744
– –
CNX icon
918
CNX Resources
CNX
$5.2B
$481K ﹤0.01%
54,400
– –
WERN icon
919
Werner Enterprises
WERN
$2.25B
$476K ﹤0.01%
13,075
+200
+2% +$7.32K
CAKE icon
920
Cheesecake Factory
CAKE
$5.33B
$470K ﹤0.01%
12,099
+200
+2% +$8.25K
MDRX
921
DELISTED
Veradigm Inc. Common Stock
MDRX
$469K ﹤0.01%
47,800
-600
-1% -$6.32K
NTCT icon
922
NETSCOUT
NTCT
$2.79B
$467K ﹤0.01%
19,400
– –
AVNS
923
DELISTED
Avanos Medical
AVNS
$466K ﹤0.01%
13,820
– –
HNI icon
924
HNI Corp
HNI
$3.59B
$466K ﹤0.01%
12,440
– –
WOR icon
925
Worthington Enterprises
WOR
$2.86B
$459K ﹤0.01%
17,644
+162
+0.9% +$3.81K
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 2019 Portfolio in Review

As of Q4 2019, State of Michigan Retirement System held 973 positions worth $12.1B, up 9.6% from $11B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

State of Michigan Retirement System's Q4 2019 filing shows 29 new, 606 increased, 214 reduced and 26 closed positions. Its largest new stake was Pinterest: 2,666,569 shares worth $49.7M. The largest sale was JPMorgan Chase, an estimated $92.3M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q4 2019 buy was Pinterest: 2,666,569 shares worth $49.7M.
  • State of Michigan Retirement System added most to UGI in Q4 2019, an estimated $91.7M increase.
  • State of Michigan Retirement System's biggest Q4 2019 reduction was JPMorgan Chase, cutting an estimated $92.3M.
  • State of Michigan Retirement System fully exited Celgene Corp in Q4 2019, selling an estimated $16.9M.
  • State of Michigan Retirement System's ten largest holdings make up 21% of its $12.1B portfolio in Q4 2019.
  • State of Michigan Retirement System opened 29 new positions and closed 26 in Q4 2019.
  • State of Michigan Retirement System's portfolio value rose 9.6% quarter-over-quarter to $12.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2019, filed 24 Jan 2020.