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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
-12.75%
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
$11.1B
AUM Growth
-$2.52B
Cap. Flow
-$649M
Cap. Flow %
-5.82%
Top 10 Hldgs %
23.67%
Holding
963
New
23
Increased
75
Reduced
826
Closed
19

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$107M
2
RITM icon
Rithm Capital
RITM
+$68.6M
3
HON icon
Honeywell
HON
+$65.1M
4
DXC icon
DXC Technology
DXC
+$44.8M
5
RTN
Raytheon Company
RTN
+$41.3M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$125M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$108M
3
AXP icon
American Express
AXP
+$99.1M
4
V icon
Visa
V
+$83.3M
5
CVS icon
CVS Health
CVS
+$79.7M

Sector Composition

Rank Sector Weight
1 Technology 15.27%
2 Financials 14.8%
3 Healthcare 13.25%
4 Real Estate 12.44%
5 Industrials 8.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DGX icon
76
Quest Diagnostics
DGX
$26.3B
$34.6M 0.31%
415,463
+173,400
+72% +$16.3M
GPMT
77
Granite Point Mortgage Trust
GPMT
$61.2M
$34.6M 0.31%
1,918,000
– –
BKNG icon
78
Booking.com
BKNG
$161B
$34.5M 0.31%
500,625
-277,500
-36% -$20.4M
AZO icon
79
AutoZone
AZO
$51.1B
$33.8M 0.3%
40,364
+32,500
+413% +$26.1M
NFLX icon
80
Netflix
NFLX
$309B
$33.4M 0.3%
1,248,340
-49,000
-4% -$1.47M
ORCL icon
81
Oracle
ORCL
$423B
$33M 0.3%
730,760
-754,200
-51% -$36.1M
COR icon
82
Cencora
COR
$61.2B
$32.4M 0.29%
435,584
+117,400
+37% +$10.1M
MMM icon
83
3M
MMM
$94.3B
$31.8M 0.28%
199,344
-9,688
-5% -$1.61M
LLY icon
84
Eli Lilly
LLY
$1.06T
$31.2M 0.28%
269,938
-14,900
-5% -$1.66M
BURL icon
85
Burlington
BURL
$23.2B
$31.2M 0.28%
192,000
+172,800
+900% +$27.9M
WBA
86
DELISTED
Walgreens Boots Alliance
WBA
$31.2M 0.28%
456,661
-203,400
-31% -$15.8M
AMD icon
87
Advanced Micro Devices
AMD
$789B
$30.5M 0.27%
1,651,800
-603,800
-27% -$13.1M
AVGO icon
88
Broadcom
AVGO
$2.04T
$30.1M 0.27%
1,183,780
-103,000
-8% -$2.43M
CRM icon
89
Salesforce
CRM
$158B
$30M 0.27%
219,056
-6,400
-3% -$880K
PARA
90
DELISTED
Paramount Global Class B
PARA
$29.4M 0.26%
672,427
+571,600
+567% +$30.4M
UNP icon
91
Union Pacific
UNP
$174B
$29.2M 0.26%
210,912
-9,400
-4% -$1.39M
PYPL icon
92
PayPal
PYPL
$50.5B
$28.4M 0.25%
337,334
-15,400
-4% -$1.28M
ILMN icon
93
Illumina
ILMN
$28.4B
$28.2M 0.25%
96,694
-81,931
-46% -$25.4M
GPN icon
94
Global Payments
GPN
$22.8B
$27.3M 0.24%
264,264
+195,200
+283% +$21.5M
CTAS icon
95
Cintas
CTAS
$81.3B
$27.2M 0.24%
647,068
+489,600
+311% +$21.9M
KNTK icon
96
Kinetik
KNTK
$7.98B
$27.1M 0.24%
+350,000
New +$31.8M
NKE icon
97
Nike
NKE
$61.9B
$27M 0.24%
364,492
-17,100
-4% -$1.28M
TXN icon
98
Texas Instruments
TXN
$261B
$26M 0.23%
275,018
-14,700
-5% -$1.42M
COST icon
99
Costco
COST
$420B
$25.6M 0.23%
125,436
-5,200
-4% -$1.16M
RTX icon
100
RTX Corp
RTX
$301B
$24.7M 0.22%
369,233
+13,133
+4% +$1.03M
2 3
4
5 6

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 2018 Portfolio in Review

As of Q4 2018, State of Michigan Retirement System held 963 positions worth $11.1B, down 18% from $13.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System withdrew a net $649M in Q4 2018, closing 19 positions and reducing 826 holdings. Its most notable exit was CA, Inc., an estimated $39.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in Honeywell worth $59.4M.

  • State of Michigan Retirement System's largest Q4 2018 buy was Honeywell: 477,026 shares worth $59.4M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $107M increase.
  • State of Michigan Retirement System's biggest Q4 2018 reduction was Exelon, cutting an estimated $125M.
  • State of Michigan Retirement System fully exited CA, Inc. in Q4 2018, selling an estimated $39.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $11.1B portfolio in Q4 2018.
  • State of Michigan Retirement System opened 23 new positions and closed 19 in Q4 2018.
  • State of Michigan Retirement System's portfolio value fell 18% quarter-over-quarter to $11.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2018, filed 1 Feb 2019.