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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
CAKE icon
926
Cheesecake Factory
CAKE
$5.53B
$195K ﹤0.01%
11,399
-700
-6% -$23.6K
DLPH
927
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$192K ﹤0.01%
23,800
-1,500
-6% -$18.6K
RIG icon
928
Transocean
RIG
$6.33B
$185K ﹤0.01%
159,500
-9,700
-6% -$37.8K
RUBY
929
DELISTED
Rubius Therapeutics, Inc
RUBY
$184K ﹤0.01%
41,434
+29,159
+238% +$217K
EFOI icon
930
Energy Focus
EFOI
$19.7M
$180K ﹤0.01%
15,580
– –
AM icon
931
Antero Midstream
AM
$10.4B
$173K ﹤0.01%
82,400
-5,000
-6% -$23.9K
MAC icon
932
Macerich
MAC
$6.9B
$172K ﹤0.01%
30,500
-1,900
-6% -$37.8K
REZI icon
933
Resideo Technologies
REZI
$3.67B
$163K ﹤0.01%
33,600
-2,000
-6% -$18.9K
DNOW icon
934
DNOW Inc
DNOW
$3.01B
$153K ﹤0.01%
29,727
-1,800
-6% -$16.2K
TH icon
935
Target Hospitality
TH
$1.6B
$149K ﹤0.01%
75,000
+35,000
+88% +$147K
BBBY
936
DELISTED
Bed Bath & Beyond Inc
BBBY
$148K ﹤0.01%
35,100
-2,100
-6% -$24.5K
LNW
937
DELISTED
Light & Wonder
LNW
$146K ﹤0.01%
15,000
-900
-6% -$18.4K
MDP
938
DELISTED
Meredith Corporation
MDP
$133K ﹤0.01%
10,900
-700
-6% -$18.6K
CLB icon
939
Core Laboratories
CLB
$561M
$127K ﹤0.01%
12,300
-800
-6% -$22.4K
PTEN icon
940
Patterson-UTI
PTEN
$4.19B
$127K ﹤0.01%
53,900
-3,300
-6% -$21.4K
CHX
941
DELISTED
ChampionX
CHX
$124K ﹤0.01%
21,531
-1,300
-6% -$27K
EAT icon
942
Brinker International
EAT
$9.76B
$123K ﹤0.01%
10,277
-600
-6% -$20.2K
MTDR icon
943
Matador Resources
MTDR
$6.49B
$75K ﹤0.01%
30,400
-1,900
-6% -$20.9K
ALEX
944
DELISTED
Alexander & Baldwin
ALEX
– –
-19,739
Closed -$414K
DDS icon
945
Dillards
DDS
$9.9B
– –
-2,900
Closed -$213K
EEFT icon
946
Euronet Worldwide
EEFT
$2.65B
– –
-225,830
Closed -$35.6M
FUN icon
947
Cedar Fair
FUN
$1.62B
– –
-260,000
Closed -$14.4M
GDOT icon
948
Green Dot
GDOT
$752M
– –
-13,800
Closed -$322K
ICLR icon
949
Icon
ICLR
$12.8B
– –
-26,270
Closed -$4.52M
MRNA icon
950
Moderna
MRNA
$23.9B
– –
-173,017
Closed -$3.38M
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
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
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return

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.