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
-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
NKE icon
101
Nike
NKE
$62.1B
$23.6M 0.26%
285,692
-15,700
-5% -$1.46M
IJH icon
102
iShares Core S&P Mid-Cap ETF
IJH
$127B
$22.8M 0.25%
792,455
– –
IBM icon
103
IBM
IBM
$222B
$22.5M 0.25%
212,324
-11,716
-5% -$1.48M
UNP icon
104
Union Pacific
UNP
$174B
$22.4M 0.25%
159,112
-8,800
-5% -$1.45M
GNTX icon
105
Gentex
GNTX
$5.02B
$22.2M 0.24%
999,700
-4,300
-0.4% -$119K
AMT icon
106
American Tower
AMT
$78.8B
$22.1M 0.24%
101,526
-5,600
-5% -$1.3M
HON icon
107
Honeywell
HON
$77B
$21.9M 0.24%
173,792
-9,549
-5% -$1.48M
CPAY icon
108
Corpay
CPAY
$26.2B
$21.7M 0.24%
116,500
-1,100
-0.9% -$304K
AVGO icon
109
Broadcom
AVGO
$2.02T
$21.6M 0.24%
909,780
-50,000
-5% -$1.41M
MCO icon
110
Moody's
MCO
$82.9B
$21.6M 0.24%
101,915
-5,600
-5% -$1.36M
NGHC
111
DELISTED
National General Holdings Corp
NGHC
$21.5M 0.24%
+1,300,000
New +$26M
TXN icon
112
Texas Instruments
TXN
$258B
$21.4M 0.24%
214,318
-11,800
-5% -$1.42M
LIN icon
113
Linde
LIN
$226B
$21.3M 0.23%
123,145
-6,800
-5% -$1.34M
C icon
114
Citigroup
C
$227B
$21.1M 0.23%
500,456
-27,500
-5% -$1.85M
AGG icon
115
iShares Core US Aggregate Bond ETF
AGG
$137B
$20.8M 0.23%
+180,000
New +$20.5M
DHR icon
116
Danaher
DHR
$145B
$20.3M 0.22%
165,215
-9,137
-5% -$1.23M
COHR icon
117
Coherent
COHR
$65.3B
$19.2M 0.21%
674,200
-192,936
-22% -$6.27M
CVS icon
118
CVS Health
CVS
$122B
$18.8M 0.21%
316,444
-16,400
-5% -$1.09M
BA icon
119
Boeing
BA
$185B
$18.3M 0.2%
122,650
-6,700
-5% -$1.83M
HRB icon
120
H&R Block
HRB
$5.84B
$18.2M 0.2%
1,295,498
-2,500
-0.2% -$52.4K
OPLN
121
Openlane
OPLN
$4.58B
$18M 0.2%
1,500,700
-2,200
-0.1% -$43K
MMM icon
122
3M
MMM
$93.7B
$18M 0.2%
157,604
-8,731
-5% -$1.15M
SBUX icon
123
Starbucks
SBUX
$120B
$17.8M 0.2%
270,760
-14,900
-5% -$1.21M
QCOM icon
124
Qualcomm
QCOM
$172B
$17.7M 0.2%
261,771
-14,400
-5% -$1.18M
GE icon
125
GE Aerospace
GE
$380B
$16.7M 0.18%
421,423
-22,110
-5% -$1.18M
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
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.