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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
BURL icon
951
Burlington
BURL
$23.2B
– –
-192,000
Closed -$31.2M
DBX icon
952
Dropbox
DBX
$8.12B
– –
-31,607
Closed -$646K
PCG icon
953
PG&E
PCG
$38.5B
– –
-148,529
Closed -$3.53M
INVX
954
Innovex International
INVX
$1.97B
– –
-12,800
Closed -$384K
BIG
955
DELISTED
Big Lots, Inc.
BIG
– –
-14,400
Closed -$416K
CLDR
956
DELISTED
Cloudera, Inc.
CLDR
– –
-77,374
Closed -$856K
FIT
957
DELISTED
Fitbit, Inc. Class A common stock
FIT
– –
-430,300
Closed -$2.14M
HIVE
958
DELISTED
Aerohive Networks
HIVE
– –
-163,573
Closed -$533K
MBFI
959
DELISTED
MB Financial Corp
MBFI
– –
-30,000
Closed -$1.19M
TFCFA
960
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
– –
-302,641
Closed -$14.6M
TFCF
961
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
– –
-139,456
Closed -$6.66M
ESL
962
DELISTED
Esterline Technologies
ESL
– –
-9,500
Closed -$1.15M
AHL
963
DELISTED
ASPEN Insurance Holding Limited
AHL
– –
-21,300
Closed -$894K
NFX
964
DELISTED
Newfield Exploration
NFX
– –
-56,912
Closed -$834K
DNB
965
DELISTED
Dun & Bradstreet
DNB
– –
-13,200
Closed -$1.88M
VVC
966
DELISTED
Vectren Corporation
VVC
– –
-70,860
Closed -$5.1M
SCG
967
DELISTED
Scana
SCG
– –
-40,816
Closed -$1.95M
DO
968
DELISTED
Diamond Offshore Drilling
DO
– –
-23,000
Closed -$217K
35 36 37 38
39

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BA
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Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
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Capital Fund Management (CFM)
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CAM
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DSA
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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.