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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
+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
ILMN icon
101
Illumina
ILMN
$28.4B
$29.3M 0.24%
97,002
+308
+0.3% +$89.8K
WBA
102
DELISTED
Walgreens Boots Alliance
WBA
$28.9M 0.23%
457,561
+900
+0.2% +$61.5K
TXN icon
103
Texas Instruments
TXN
$261B
$28.7M 0.23%
270,418
-4,600
-2% -$477K
BIIB icon
104
Biogen
BIIB
$30.7B
$28.4M 0.23%
120,077
-1,000
-0.8% -$315K
LIN icon
105
Linde
LIN
$226B
$27.9M 0.22%
158,845
+2,200
+1% +$365K
SSNC icon
106
SS&C Technologies
SSNC
$18.6B
$27.8M 0.22%
+436,300
New +$24.3M
GE icon
107
GE Aerospace
GE
$384B
$27.4M 0.22%
550,272
+10,138
+2% +$477K
CPAY icon
108
Corpay
CPAY
$25.7B
$27.3M 0.22%
110,800
+76,300
+221% +$16.5M
SBUX icon
109
Starbucks
SBUX
$120B
$26.6M 0.21%
358,360
+3,200
+0.9% +$220K
NEE icon
110
NextEra Energy
NEE
$177B
$26.6M 0.21%
551,092
+3,600
+0.7% +$165K
EFC
111
Ellington Financial
EFC
$1.71B
$26.2M 0.21%
1,462,778
– –
VRTX icon
112
Vertex Pharmaceuticals
VRTX
$126B
$26.1M 0.21%
141,668
+8,500
+6% +$1.57M
LOW icon
113
Lowe's Companies
LOW
$125B
$25.3M 0.2%
230,875
+1,000
+0.4% +$99.8K
AMT icon
114
American Tower
AMT
$80.4B
$25.1M 0.2%
127,126
+1,000
+0.8% +$175K
UPS icon
115
United Parcel Service
UPS
$88.9B
$24.9M 0.2%
223,286
+1,500
+0.7% +$159K
DHR icon
116
Danaher
DHR
$144B
$23.9M 0.19%
204,244
+5,076
+3% +$520K
MCO icon
117
Moody's
MCO
$82.7B
$23.5M 0.19%
130,015
-3,600
-3% -$592K
DG icon
118
Dollar General
DG
$27.9B
$23.3M 0.19%
194,942
+12,500
+7% +$1.45M
CAT icon
119
Caterpillar
CAT
$387B
$22.5M 0.18%
165,866
-3,100
-2% -$412K
BMY icon
120
Bristol-Myers Squibb
BMY
$132B
$22.4M 0.18%
470,517
+3,200
+0.7% +$159K
IQV icon
121
IQVIA
IQV
$39.3B
$22.2M 0.18%
154,600
+109,200
+241% +$14.6M
FSLR icon
122
First Solar
FSLR
$26.9B
$22.1M 0.18%
419,073
– –
COP icon
123
ConocoPhillips
COP
$141B
$21.8M 0.18%
326,955
-2,600
-0.8% -$175K
AXP icon
124
American Express
AXP
$230B
$21.8M 0.17%
199,259
-1,300
-0.6% -$137K
DUK icon
125
Duke Energy
DUK
$97.3B
$21.5M 0.17%
238,884
+5,500
+2% +$485K
3 4
5
6 7

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.