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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
DY icon
926
Dycom Industries
DY
$12.3B
$515K ﹤0.01%
11,200
– –
CARS icon
927
Cars.com
CARS
$660M
$504K ﹤0.01%
22,099
-400
-2% -$9.68K
SIG icon
928
Signet Jewelers
SIG
$3.76B
$502K ﹤0.01%
18,500
– –
SYNA icon
929
Synaptics
SYNA
$4.15B
$489K ﹤0.01%
12,300
– –
RDC
930
DELISTED
Rowan Companies Plc
RDC
$489K ﹤0.01%
45,300
– –
MCY icon
931
Mercury Insurance
MCY
$6.07B
$486K ﹤0.01%
9,700
– –
MDR
932
DELISTED
McDermott International
MDR
$479K ﹤0.01%
64,399
– –
DDS icon
933
Dillards
DDS
$9.56B
$475K ﹤0.01%
6,600
– –
HOUS
934
DELISTED
Anywhere Real Estate
HOUS
$462K ﹤0.01%
40,500
-1,600
-4% -$24.7K
PBI icon
935
Pitney Bowes
PBI
$2.39B
$460K ﹤0.01%
66,900
– –
NWS icon
936
News Corp Class B
NWS
$17.5B
$445K ﹤0.01%
35,644
+400
+1% +$5.11K
BID
937
DELISTED
Sotheby's
BID
$443K ﹤0.01%
11,727
-700
-6% -$28.1K
TUP
938
DELISTED
Tupperware Brands Corporation
TUP
$442K ﹤0.01%
17,287
– –
PZZA icon
939
Papa John's
PZZA
$806M
$424K ﹤0.01%
8,000
– –
ADNT icon
940
Adient
ADNT
$1.5B
$402K ﹤0.01%
31,000
– –
LNW
941
DELISTED
Light & Wonder
LNW
$402K ﹤0.01%
19,700
+100
+0.5% +$2.39K
GEF icon
942
Greif
GEF
$5.04B
$380K ﹤0.01%
9,200
– –
ISCA
943
DELISTED
International Speedway Corp
ISCA
$369K ﹤0.01%
8,450
-300
-3% -$13.1K
MIK
944
DELISTED
Michaels Stores, Inc
MIK
$365K ﹤0.01%
32,000
– –
TCPC icon
945
BlackRock TCP Capital
TCPC
$345M
$341K ﹤0.01%
24,039
– –
WW
946
DELISTED
WW International
WW
$278K ﹤0.01%
13,800
– –
TR icon
947
Tootsie Roll Industries
TR
$2.98B
$253K ﹤0.01%
8,346
+1
+0% +$28
LASR icon
948
nLIGHT
LASR
$3.17B
$224K ﹤0.01%
10,055
-61,333
-86% -$1.24M
RUBY
949
DELISTED
Rubius Therapeutics, Inc
RUBY
$222K ﹤0.01%
+12,275
New +$188K
NTLA icon
950
Intellia Therapeutics
NTLA
$1.67B
$209K ﹤0.01%
+12,222
New +$182K
35 36 37
38
39

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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.