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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
BRK.A icon
76
Berkshire Hathaway Class A
BRK.A
$1.12T
$39.4M 0.33%
116
– –
PYPL icon
77
PayPal
PYPL
$50.5B
$39.1M 0.32%
361,934
+1,000
+0.3% +$104K
IQV icon
78
IQVIA
IQV
$39.3B
$39M 0.32%
252,100
-200
-0.1% -$29.2K
ADBE icon
79
Adobe
ADBE
$105B
$38.6M 0.32%
117,053
-87,980
-43% -$25.9M
IPG
80
DELISTED
Interpublic Group of Companies
IPG
$38.1M 0.32%
1,650,729
+1,557,600
+1,673% +$34.2M
DGX icon
81
Quest Diagnostics
DGX
$26.3B
$37.9M 0.31%
354,663
-54,200
-13% -$5.65M
ABT icon
82
Abbott
ABT
$187B
$37.1M 0.31%
427,443
+2,500
+0.6% +$209K
MDT icon
83
Medtronic
MDT
$112B
$36.8M 0.3%
324,138
+1,600
+0.5% +$176K
AMD icon
84
Advanced Micro Devices
AMD
$789B
$36.7M 0.3%
799,300
+8,300
+1% +$306K
BMY icon
85
Bristol-Myers Squibb
BMY
$132B
$36.4M 0.3%
566,969
+173,752
+44% +$9.95M
EPAM icon
86
EPAM Systems
EPAM
$5.03B
$36.1M 0.3%
170,000
– –
MCD icon
87
McDonald's
MCD
$195B
$36M 0.3%
182,157
-400
-0.2% -$79.3K
EEFT icon
88
Euronet Worldwide
EEFT
$2.7B
$35.6M 0.29%
225,830
– –
CRM icon
89
Salesforce
CRM
$158B
$34.9M 0.29%
214,556
+3,700
+2% +$580K
NVDA icon
90
NVIDIA
NVDA
$5.42T
$34.8M 0.29%
5,919,680
+64,000
+1% +$333K
MMS icon
91
Maximus
MMS
$3.1B
$34.5M 0.29%
463,600
+445,100
+2,406% +$33.4M
NFLX icon
92
Netflix
NFLX
$309B
$34.3M 0.28%
1,060,340
+8,000
+0.8% +$237K
ISRG icon
93
Intuitive Surgical
ISRG
$134B
$34.3M 0.28%
173,904
-74,100
-30% -$13.9M
CPAY icon
94
Corpay
CPAY
$25.7B
$33.8M 0.28%
117,600
+200
+0.2% +$59K
AVY icon
95
Avery Dennison
AVY
$13.4B
$32.9M 0.27%
251,626
+231,400
+1,144% +$29.2M
OPLN
96
Openlane
OPLN
$4.54B
$32.7M 0.27%
1,502,900
+1,464,200
+3,783% +$33.4M
IJH icon
97
iShares Core S&P Mid-Cap ETF
IJH
$127B
$32.6M 0.27%
792,455
-9,500
-1% -$376K
VRTX icon
98
Vertex Pharmaceuticals
VRTX
$126B
$32M 0.26%
146,168
+400
+0.3% +$81K
COST icon
99
Costco
COST
$420B
$31.4M 0.26%
106,836
+1,100
+1% +$327K
HON icon
100
Honeywell
HON
$78B
$30.6M 0.25%
183,341
-325,515
-64% -$53.2M
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 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.