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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
(-25%)
Cap. Flow
-$67.8M
Cap. Flow
% of AUM
-0.75%
Top 10 Holdings %
Top 10 Hldgs %
24.73%
Holding
965
New
18
Increased
32
Reduced
868
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Simon Property Group
SPG
|
+$198M |
| 2 |
Apple
AAPL
|
+$87.1M |
| 3 |
Meta Platforms (Facebook)
META
|
+$84.1M |
| 4 |
JPMorgan Chase
JPM
|
+$68.1M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$61.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Annaly Capital Management
NLY
|
+$157M |
| 2 |
Everest Group
EG
|
+$47.9M |
| 3 |
Euronet Worldwide
EEFT
|
+$35.6M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$32.1M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
|
951
Annaly Capital Management
NLY
$17.3B
| – | – |
-4,175,000
| Closed | -$157M |
|
952
Intellia Therapeutics
NTLA
$1.68B
| – | – |
-12,222
| Closed | -$179K |
|
953
Palo Alto Networks
PANW
$314B
| – | – |
-660,000
| Closed | -$25.4M |
|
954
PagerDuty
PD
$916M
| – | – |
-22,873
| Closed | -$535K |
|
|
955
RTX Corp
RTX
$302B
| – | – |
-311,711
| Closed | -$29.4M |
|
956
Tanger
SKT
$4.44B
| – | – |
-27,100
| Closed | -$399K |
|
957
Snap
SNAP
$9.05B
| – | – |
-1,080,756
| Closed | -$17.6M |
|
958
Tenable Holdings
TENB
$4.04B
| – | – |
-76,745
| Closed | -$1.84M |
|
959
Uber
UBER
$159B
| – | – |
-278,002
| Closed | -$8.27M |
|
|
XYZ
960
Block Inc
XYZ
$47.5B
| – | – |
-56,257
| Closed | -$3.52M |
|
|
PLAN
961
DELISTED
Anaplan, Inc.
PLAN
| – | – |
-12,638
| Closed | -$662K |
|
|
CHK
962
DELISTED
Chesapeake Energy Corporation
CHK
| – | – |
-1,636
| Closed | -$270K |
|
|
LPT
963
DELISTED
Liberty Property Trust
LPT
| – | – |
-46,400
| Closed | -$2.79M |
|
|
WCG
964
DELISTED
Wellcare Health Plans, Inc.
WCG
| – | – |
-12,200
| Closed | -$4.03M |
|
|
SAFE
965
DELISTED
Safehold Inc.
SAFE
| – | – |
-599,669
| Closed | -$24.2M |
|
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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.