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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
MMM icon
126
3M
MMM
$94.3B
$24.5M 0.2%
166,335
+957
+0.6% +$134K
QCOM icon
127
Qualcomm
QCOM
$176B
$24.4M 0.2%
276,171
-16,100
-6% -$1.35M
SAFE
128
DELISTED
Safehold Inc.
SAFE
$24.2M 0.2%
599,669
-280,331
-32% -$10.3M
DHR icon
129
Danaher
DHR
$144B
$23.7M 0.2%
174,352
+1,241
+0.7% +$157K
WEX icon
130
WEX
WEX
$6.31B
$23.6M 0.2%
112,700
-30,400
-21% -$6.1M
FSLR icon
131
First Solar
FSLR
$26.9B
$23.2M 0.19%
414,473
+300
+0.1% +$16.5K
LOW icon
132
Lowe's Companies
LOW
$125B
$22.2M 0.18%
185,375
-200
-0.1% -$22.9K
TCPC icon
133
BlackRock TCP Capital
TCPC
$345M
$21.8M 0.18%
1,548,039
– –
AXP icon
134
American Express
AXP
$230B
$20.2M 0.17%
162,259
-1,300
-0.8% -$155K
UPS icon
135
United Parcel Service
UPS
$88.9B
$19.8M 0.16%
169,486
-21,100
-11% -$2.5M
CAT icon
136
Caterpillar
CAT
$387B
$19.7M 0.16%
133,666
-1,600
-1% -$223K
MDLZ icon
137
Mondelez International
MDLZ
$79.9B
$19.2M 0.16%
348,256
+1,500
+0.4% +$80.2K
ELV icon
138
Elevance Health
ELV
$85.5B
$18.5M 0.15%
61,344
-200
-0.3% -$55K
CI icon
139
Cigna
CI
$74.6B
$18.5M 0.15%
90,270
-500
-0.6% -$91.7K
CHTR icon
140
Charter Communications
CHTR
$18.2B
$18.4M 0.15%
37,900
-1,000
-3% -$460K
TFC icon
141
Truist Financial
TFC
$64B
$18.3M 0.15%
324,327
+140,166
+76% +$7.59M
TJX icon
142
TJX Companies
TJX
$178B
$17.9M 0.15%
293,280
+2,600
+0.9% +$154K
BDX icon
143
Becton Dickinson
BDX
$48.2B
$17.8M 0.15%
67,089
+615
+0.9% +$153K
GS icon
144
Goldman Sachs
GS
$303B
$17.7M 0.15%
77,050
-800
-1% -$174K
SNAP icon
145
Snap
SNAP
$9.01B
$17.6M 0.15%
1,080,756
– –
CME icon
146
CME Group
CME
$94.8B
$17.4M 0.14%
86,677
+600
+0.7% +$123K
COP icon
147
ConocoPhillips
COP
$141B
$17.3M 0.14%
265,355
-1,500
-0.6% -$88.2K
CB icon
148
Chubb
CB
$135B
$17.1M 0.14%
109,577
– –
PNC icon
149
PNC Financial Services
PNC
$101B
$16.9M 0.14%
105,976
-1,100
-1% -$165K
INTU icon
150
Intuit
INTU
$89B
$16.5M 0.14%
62,984
+500
+0.8% +$131K
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 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.