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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
Cap. Flow
-$67.8M
Cap. Flow %
-0.75%
Top 10 Hldgs %
24.73%
Holding
965
New
18
Increased
32
Reduced
868
Closed
22

Top Buys

Rank Stock Value
1
SPG icon
Simon Property Group
SPG
+$198M
2
AAPL icon
Apple
AAPL
+$87.1M
3
META icon
Meta Platforms (Facebook)
META
+$84.1M
4
JPM icon
JPMorgan Chase
JPM
+$68.1M
5
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$61.7M

Top Sells

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$157M
2
EG icon
Everest Group
EG
+$47.9M
3
EEFT icon
Euronet Worldwide
EEFT
+$35.6M
4
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$32.1M
5
RTX icon
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
SPNT icon
76
SiriusPoint
SPNT
$2.61B
$31.1M 0.34%
4,200,000
– –
FTAI icon
77
FTAI Aviation
FTAI
$22.3B
$31M 0.34%
4,422,777
– –
BMY icon
78
Bristol-Myers Squibb
BMY
$133B
$30M 0.33%
537,369
-29,600
-5% -$1.81M
AZO icon
79
AutoZone
AZO
$50.2B
$29.5M 0.33%
34,864
-300
-0.9% -$312K
CRM icon
80
Salesforce
CRM
$162B
$29.3M 0.32%
203,356
-11,200
-5% -$1.92M
CTSH icon
81
Cognizant
CTSH
$26.4B
$29.2M 0.32%
628,554
-6,900
-1% -$411K
TGNA
82
DELISTED
TEGNA Inc
TGNA
$29.2M 0.32%
2,688,800
-3,700
-0.1% -$59.2K
TDG icon
83
TransDigm Group
TDG
$67.5B
$29.2M 0.32%
91,104
-600
-0.7% -$327K
RHI icon
84
Robert Half
RHI
$4.33B
$29M 0.32%
768,960
-1,500
-0.2% -$81.2K
COST icon
85
Costco
COST
$420B
$28.9M 0.32%
101,236
-5,600
-5% -$1.7M
MCD icon
86
McDonald's
MCD
$193B
$28.5M 0.31%
172,657
-9,500
-5% -$1.87M
DGX icon
87
Quest Diagnostics
DGX
$26.2B
$28.3M 0.31%
352,963
-1,700
-0.5% -$176K
SJM icon
88
J.M. Smucker
SJM
$12.6B
$28.3M 0.31%
255,000
-1,400
-0.5% -$150K
CERN
89
DELISTED
Cerner Corp
CERN
$28.3M 0.31%
448,968
+373,000
+491% +$26.5M
ISRG icon
90
Intuitive Surgical
ISRG
$138B
$28M 0.31%
169,404
-4,500
-3% -$824K
MDT icon
91
Medtronic
MDT
$114B
$27.7M 0.31%
307,238
-16,900
-5% -$1.8M
IQV icon
92
IQVIA
IQV
$39.9B
$26.9M 0.3%
249,800
-2,300
-0.9% -$329K
NEE icon
93
NextEra Energy
NEE
$176B
$26.9M 0.3%
447,892
-24,800
-5% -$1.56M
MMS icon
94
Maximus
MMS
$2.95B
$26.9M 0.3%
462,500
-1,100
-0.2% -$74.7K
LLY icon
95
Eli Lilly
LLY
$1.08T
$26.9M 0.3%
193,638
-10,700
-5% -$1.47M
IPG
96
DELISTED
Interpublic Group of Companies
IPG
$26.6M 0.29%
1,645,829
-4,900
-0.3% -$104K
AVY icon
97
Avery Dennison
AVY
$13.5B
$25.5M 0.28%
250,526
-1,100
-0.4% -$135K
EG icon
98
Everest Group
EG
$14.2B
$24.9M 0.27%
129,400
-187,500
-59% -$47.9M
ALXN
99
DELISTED
Alexion Pharmaceuticals
ALXN
$23.9M 0.26%
266,678
-2,800
-1% -$275K
KEYS icon
100
Keysight
KEYS
$58.2B
$23.7M 0.26%
283,000
-2,400
-0.8% -$228K
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

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.