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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
NKE icon
101
Nike
NKE
$61.9B
$30.5M 0.25%
301,392
+400
+0.1% +$37.7K
HRB icon
102
H&R Block
HRB
$5.86B
$30.5M 0.25%
1,297,998
+1,249,700
+2,587% +$30M
UNP icon
103
Union Pacific
UNP
$174B
$30.4M 0.25%
167,912
-1,500
-0.9% -$257K
AVGO icon
104
Broadcom
AVGO
$2.04T
$30.3M 0.25%
959,780
+3,000
+0.3% +$91.1K
GPMT
105
Granite Point Mortgage Trust
GPMT
$61.2M
$29.4M 0.24%
1,600,000
– –
RTX icon
106
RTX Corp
RTX
$301B
$29.4M 0.24%
311,711
+1,907
+0.6% +$173K
KEYS icon
107
Keysight
KEYS
$58.3B
$29.3M 0.24%
285,400
+300
+0.1% +$30.7K
COHR icon
108
Coherent
COHR
$74.2B
$29.2M 0.24%
867,136
+25,229
+3% +$804K
ALXN
109
DELISTED
Alexion Pharmaceuticals
ALXN
$29.1M 0.24%
269,478
-400
-0.1% -$42.8K
GNTX icon
110
Gentex
GNTX
$5.07B
$29.1M 0.24%
1,004,000
+930,100
+1,259% +$26.2M
TXN icon
111
Texas Instruments
TXN
$261B
$29M 0.24%
226,118
+1,700
+0.8% +$210K
IBM icon
112
IBM
IBM
$224B
$28.7M 0.24%
224,040
-391,099
-64% -$50.8M
NEE icon
113
NextEra Energy
NEE
$177B
$28.6M 0.24%
472,692
+2,800
+0.6% +$163K
LIN icon
114
Linde
LIN
$226B
$27.7M 0.23%
129,945
– –
CTAS icon
115
Cintas
CTAS
$81.3B
$27M 0.22%
401,068
-318,800
-44% -$21M
LLY icon
116
Eli Lilly
LLY
$1.06T
$26.9M 0.22%
204,338
+100
+0% +$11.6K
EFC
117
Ellington Financial
EFC
$1.71B
$26.8M 0.22%
1,462,778
– –
SJM icon
118
J.M. Smucker
SJM
$12.8B
$26.7M 0.22%
256,400
+229,000
+836% +$24.2M
MCO icon
119
Moody's
MCO
$82.7B
$25.5M 0.21%
107,515
-1,100
-1% -$244K
PANW icon
120
Palo Alto Networks
PANW
$297B
$25.4M 0.21%
660,000
+180,000
+38% +$6.81M
SBUX icon
121
Starbucks
SBUX
$120B
$25.1M 0.21%
285,660
-2,100
-0.7% -$179K
BABA icon
122
Alibaba
BABA
$308B
$24.9M 0.21%
117,506
+110,250
+1,519% +$20.7M
CVS icon
123
CVS Health
CVS
$122B
$24.7M 0.2%
332,844
-480,794
-59% -$33.8M
GE icon
124
GE Aerospace
GE
$384B
$24.7M 0.2%
443,533
-24,377
-5% -$1.26M
AMT icon
125
American Tower
AMT
$80.4B
$24.6M 0.2%
107,126
+700
+0.7% +$152K
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 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.