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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
-12.75%
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
$11.1B
AUM Growth
-$2.52B
Cap. Flow
-$649M
Cap. Flow %
-5.82%
Top 10 Hldgs %
23.67%
Holding
963
New
23
Increased
75
Reduced
826
Closed
19

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$107M
2
RITM icon
Rithm Capital
RITM
+$68.6M
3
HON icon
Honeywell
HON
+$65.1M
4
DXC icon
DXC Technology
DXC
+$44.8M
5
RTN
Raytheon Company
RTN
+$41.3M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$125M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$108M
3
AXP icon
American Express
AXP
+$99.1M
4
V icon
Visa
V
+$83.3M
5
CVS icon
CVS Health
CVS
+$79.7M

Sector Composition

Rank Sector Weight
1 Technology 15.27%
2 Financials 14.8%
3 Healthcare 13.25%
4 Real Estate 12.44%
5 Industrials 8.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ELV icon
126
Elevance Health
ELV
$85.5B
$19.4M 0.17%
74,044
-3,400
-4% -$935K
CME icon
127
CME Group
CME
$94.8B
$19.3M 0.17%
102,477
+1,000
+1% +$185K
AXP icon
128
American Express
AXP
$230B
$19.1M 0.17%
200,559
-947,542
-83% -$99.1M
MCO icon
129
Moody's
MCO
$82.7B
$18.7M 0.17%
133,615
-4,300
-3% -$649K
DHR icon
130
Danaher
DHR
$144B
$18.2M 0.16%
199,168
-7,783
-4% -$707K
FSLR icon
131
First Solar
FSLR
$26.9B
$17.8M 0.16%
419,073
-1,000
-0.2% -$43.9K
BDX icon
132
Becton Dickinson
BDX
$48.2B
$17.3M 0.16%
78,672
-3,075
-4% -$714K
CB icon
133
Chubb
CB
$135B
$17M 0.15%
131,977
-6,100
-4% -$788K
MDLZ icon
134
Mondelez International
MDLZ
$79.9B
$16.7M 0.15%
416,256
-20,700
-5% -$882K
SAFE
135
DELISTED
Safehold Inc.
SAFE
$16.6M 0.15%
880,000
– –
GS icon
136
Goldman Sachs
GS
$303B
$16.5M 0.15%
99,050
-5,600
-5% -$1.13M
XYZ
137
Block Inc
XYZ
$47.5B
$15.9M 0.14%
283,665
-216,335
-43% -$15.3M
TJX icon
138
TJX Companies
TJX
$178B
$15.8M 0.14%
354,280
-639,300
-64% -$32.3M
BR icon
139
Broadridge
BR
$19B
$15.8M 0.14%
163,900
+116,150
+243% +$12.6M
ISRG icon
140
Intuitive Surgical
ISRG
$134B
$15.6M 0.14%
98,004
-3,600
-4% -$610K
CCI icon
141
Crown Castle
CCI
$32.2B
$15.6M 0.14%
143,474
-4,900
-3% -$538K
PNC icon
142
PNC Financial Services
PNC
$101B
$15.4M 0.14%
132,076
-6,300
-5% -$804K
SPG icon
143
Simon Property Group
SPG
$72.3B
$14.9M 0.13%
88,598
-3,500
-4% -$626K
MS icon
144
Morgan Stanley
MS
$340B
$14.8M 0.13%
374,255
-20,900
-5% -$912K
CL icon
145
Colgate-Palmolive
CL
$74.4B
$14.8M 0.13%
248,284
-10,300
-4% -$644K
INTU icon
146
Intuit
INTU
$89B
$14.6M 0.13%
74,284
-2,800
-4% -$583K
TFCFA
147
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$14.6M 0.13%
302,641
-11,400
-4% -$540K
EOG icon
148
EOG Resources
EOG
$70.7B
$14.5M 0.13%
166,028
-6,600
-4% -$707K
MKC icon
149
McCormick & Company Non-Voting
MKC
$14.2B
$14.5M 0.13%
207,736
+121,600
+141% +$8.72M
CHTR icon
150
Charter Communications
CHTR
$18.2B
$14.4M 0.13%
50,500
-2,700
-5% -$847K
4 5
6
7 8

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 2018 Portfolio in Review

As of Q4 2018, State of Michigan Retirement System held 963 positions worth $11.1B, down 18% from $13.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System withdrew a net $649M in Q4 2018, closing 19 positions and reducing 826 holdings. Its most notable exit was CA, Inc., an estimated $39.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in Honeywell worth $59.4M.

  • State of Michigan Retirement System's largest Q4 2018 buy was Honeywell: 477,026 shares worth $59.4M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $107M increase.
  • State of Michigan Retirement System's biggest Q4 2018 reduction was Exelon, cutting an estimated $125M.
  • State of Michigan Retirement System fully exited CA, Inc. in Q4 2018, selling an estimated $39.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $11.1B portfolio in Q4 2018.
  • State of Michigan Retirement System opened 23 new positions and closed 19 in Q4 2018.
  • State of Michigan Retirement System's portfolio value fell 18% quarter-over-quarter to $11.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2018, filed 1 Feb 2019.