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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
ELV icon
126
Elevance Health
ELV
$85.5B
$21.2M 0.17%
74,044
– –
SSYS icon
127
Stratasys
SSYS
$774M
$20.8M 0.17%
874,603
-350,000
-29% -$8.43M
MDLZ icon
128
Mondelez International
MDLZ
$79.9B
$20.8M 0.17%
416,156
-100
-0% -$4.59K
KNTK icon
129
Kinetik
KNTK
$7.98B
$20.6M 0.17%
350,000
– –
QCOM icon
130
Qualcomm
QCOM
$176B
$19.9M 0.16%
348,771
+1,700
+0.5% +$91.8K
INTU icon
131
Intuit
INTU
$89B
$19.5M 0.16%
74,684
+400
+0.5% +$92.4K
BDX icon
132
Becton Dickinson
BDX
$48.2B
$19.4M 0.16%
79,492
+820
+1% +$194K
SAFE
133
DELISTED
Safehold Inc.
SAFE
$19.2M 0.15%
880,000
– –
CELG
134
DELISTED
Celgene Corp
CELG
$19.1M 0.15%
202,452
+2,300
+1% +$201K
TJX icon
135
TJX Companies
TJX
$178B
$19M 0.15%
356,580
+2,300
+0.6% +$115K
GS icon
136
Goldman Sachs
GS
$303B
$18.9M 0.15%
98,650
-400
-0.4% -$77.2K
CB icon
137
Chubb
CB
$135B
$18.5M 0.15%
132,077
+100
+0.1% +$13.3K
CCI icon
138
Crown Castle
CCI
$32.2B
$18.5M 0.15%
144,474
+1,000
+0.7% +$117K
BABA icon
139
Alibaba
BABA
$308B
$18.1M 0.15%
99,256
-805
-0.8% -$135K
D icon
140
Dominion Energy
D
$59.3B
$17.7M 0.14%
230,354
+42,405
+23% +$3.1M
CI icon
141
Cigna
CI
$74.6B
$17.6M 0.14%
109,570
+600
+0.6% +$110K
AVY icon
142
Avery Dennison
AVY
$13.4B
$17.4M 0.14%
154,226
-600
-0.4% -$62K
SLB icon
143
SLB Ltd
SLB
$75B
$17.4M 0.14%
399,372
+2,900
+0.7% +$125K
CHTR icon
144
Charter Communications
CHTR
$18.2B
$17.3M 0.14%
50,000
-500
-1% -$165K
AMD icon
145
Advanced Micro Devices
AMD
$789B
$17.3M 0.14%
678,900
-972,900
-59% -$22.1M
APTV icon
146
Aptiv
APTV
$10.3B
$17.1M 0.14%
214,922
-500
-0.2% -$38.4K
CL icon
147
Colgate-Palmolive
CL
$74.4B
$17M 0.14%
248,284
– –
BR icon
148
Broadridge
BR
$19B
$17M 0.14%
163,800
-100
-0.1% -$10K
CME icon
149
CME Group
CME
$94.8B
$17M 0.14%
103,077
+600
+0.6% +$106K
CSX icon
150
CSX Corp
CSX
$93.1B
$16.7M 0.13%
669,993
-18,900
-3% -$438K
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 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.