We are live on ! Find out more
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
CTAS icon
76
Cintas
CTAS
$81.3B
$37.3M 0.3%
737,468
+90,400
+14% +$4.38M
RHT
77
DELISTED
Red Hat Inc
RHT
$37.1M 0.3%
202,896
+152,300
+301% +$27.3M
EMR icon
78
Emerson Electric
EMR
$88.3B
$36.1M 0.29%
527,123
+347,900
+194% +$22.9M
MDT icon
79
Medtronic
MDT
$112B
$35.2M 0.28%
386,538
+2,000
+0.5% +$179K
PYPL icon
80
PayPal
PYPL
$50.5B
$35.1M 0.28%
338,134
+800
+0.2% +$75.7K
BRK.A icon
81
Berkshire Hathaway Class A
BRK.A
$1.12T
$34.9M 0.28%
116
– –
CRM icon
82
Salesforce
CRM
$158B
$34.9M 0.28%
220,456
+1,400
+0.6% +$217K
UNP icon
83
Union Pacific
UNP
$174B
$34.8M 0.28%
208,312
-2,600
-1% -$418K
DD icon
84
DuPont de Nemours
DD
$19.2B
$34.6M 0.28%
256,568
-2,803
-1% -$389K
MMM icon
85
3M
MMM
$94.3B
$34.5M 0.28%
198,507
-837
-0.4% -$141K
BKNG icon
86
Booking.com
BKNG
$161B
$34.4M 0.28%
493,125
-7,500
-1% -$535K
AVGO icon
87
Broadcom
AVGO
$2.04T
$34.3M 0.28%
1,141,780
-42,000
-4% -$1.14M
FIS icon
88
Fidelity National Information Services
FIS
$22.1B
$34.3M 0.28%
303,556
+190,750
+169% +$20.3M
GPMT
89
Granite Point Mortgage Trust
GPMT
$61.2M
$33.3M 0.27%
1,795,000
-123,000
-6% -$2.32M
ALXN
90
DELISTED
Alexion Pharmaceuticals
ALXN
$32.5M 0.26%
240,378
+500
+0.2% +$62.2K
LLY icon
91
Eli Lilly
LLY
$1.06T
$32.3M 0.26%
248,938
-21,000
-8% -$2.55M
EEFT icon
92
Euronet Worldwide
EEFT
$2.7B
$32.2M 0.26%
225,830
+118,800
+111% +$14.8M
PARA
93
DELISTED
Paramount Global Class B
PARA
$32.1M 0.26%
676,227
+3,800
+0.6% +$185K
FISV
94
Fiserv Inc
FISV
$27.9B
$32M 0.26%
362,306
-125,200
-26% -$10.3M
NVDA icon
95
NVIDIA
NVDA
$5.42T
$31.4M 0.25%
6,983,680
– –
BBY icon
96
Best Buy
BBY
$17.3B
$31.1M 0.25%
437,804
+500
+0.1% +$31.2K
COST icon
97
Costco
COST
$420B
$30.7M 0.25%
126,936
+1,500
+1% +$328K
NKE icon
98
Nike
NKE
$61.9B
$30.6M 0.25%
362,792
-1,700
-0.5% -$140K
RTX icon
99
RTX Corp
RTX
$301B
$30.1M 0.24%
371,140
+1,907
+0.5% +$145K
TSS
100
DELISTED
Total System Services, Inc.
TSS
$29.6M 0.24%
311,653
+22,900
+8% +$2.07M
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 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.