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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
CXW icon
951
CoreCivic
CXW
$3.19B
– –
-34,512
Closed -$596K
DHC
952
Diversified Healthcare Trust
DHC
$2.14B
– –
-69,000
Closed -$639K
GEO icon
953
The GEO Group
GEO
$4.04B
– –
-35,150
Closed -$610K
GH icon
954
Guardant Health
GH
$22.6B
– –
-70,946
Closed -$4.53M
GVA icon
955
Granite Construction
GVA
$5.62B
– –
-13,545
Closed -$435K
MCK icon
956
McKesson
MCK
$101B
– –
-44,433
Closed -$6.07M
NGG icon
957
National Grid
NGG
$81.3B
– –
-44,764
Closed -$2.14M
OII icon
958
Oceaneering
OII
$4.77B
– –
-28,700
Closed -$389K
OKTA icon
959
Okta
OKTA
$25.8B
– –
-33,345
Closed -$3.28M
QTRX icon
960
Quanterix
QTRX
$190M
– –
-100,269
Closed -$2.2M
UNIT
961
Uniti Group
UNIT
$2.32B
– –
-56,040
Closed -$435K
UPWK icon
962
Upwork
UPWK
$1.19B
– –
-135,557
Closed -$1.8M
SWN
963
DELISTED
Southwestern Energy Company
SWN
– –
-157,100
Closed -$303K
CVET
964
DELISTED
Covetrus, Inc. Common Stock
CVET
– –
-28,257
Closed -$336K
POLY
965
DELISTED
Plantronics, Inc.
POLY
– –
-9,400
Closed -$351K
GWR
966
DELISTED
Genesee & Wyoming Inc.
GWR
– –
-16,400
Closed -$1.81M
STI
967
DELISTED
SunTrust Banks, Inc.
STI
– –
-106,692
Closed -$7.34M
VIAB
968
DELISTED
Viacom Inc. Class B
VIAB
– –
-85,104
Closed -$2.04M
MDSO
969
DELISTED
Medidata Solutions, Inc.
MDSO
– –
-18,100
Closed -$1.66M
ISCA
970
DELISTED
International Speedway Corp
ISCA
– –
-6,950
Closed -$313K
VSM
971
DELISTED
Versum Materials, Inc.
VSM
– –
-31,701
Closed -$1.68M
BID
972
DELISTED
Sotheby's
BID
– –
-9,427
Closed -$537K
CELG
973
DELISTED
Celgene Corp
CELG
– –
-170,352
Closed -$16.9M
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.