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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
-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
MDLZ icon
126
Mondelez International
MDLZ
$78.5B
$16.5M 0.18%
330,056
-18,200
-5% -$986K
CHTR icon
127
Charter Communications
CHTR
$18.3B
$15.7M 0.17%
35,900
-2,000
-5% -$978K
CI icon
128
Cigna
CI
$73.5B
$15.2M 0.17%
85,570
-4,700
-5% -$912K
LOW icon
129
Lowe's Companies
LOW
$123B
$15.1M 0.17%
175,675
-9,700
-5% -$1.06M
UPS icon
130
United Parcel Service
UPS
$89.1B
$15M 0.17%
160,686
-8,800
-5% -$912K
CAT icon
131
Caterpillar
CAT
$385B
$14.7M 0.16%
126,666
-7,000
-5% -$894K
BDX icon
132
Becton Dickinson
BDX
$48.9B
$14.3M 0.16%
63,604
-3,485
-5% -$861K
CME icon
133
CME Group
CME
$94.8B
$14.2M 0.16%
82,177
-4,500
-5% -$896K
CCI icon
134
Crown Castle
CCI
$31.3B
$13.8M 0.15%
95,324
-5,200
-5% -$775K
INTU icon
135
Intuit
INTU
$91.4B
$13.7M 0.15%
59,684
-3,300
-5% -$894K
D icon
136
Dominion Energy
D
$59B
$13.6M 0.15%
188,654
-10,400
-5% -$849K
PLD icon
137
Prologis
PLD
$132B
$13.6M 0.15%
169,231
+16,420
+11% +$1.43M
DUK icon
138
Duke Energy
DUK
$94.5B
$13.5M 0.15%
167,151
-9,200
-5% -$845K
AGN
139
DELISTED
Allergan plc
AGN
$13.3M 0.15%
75,256
-4,100
-5% -$772K
TJX icon
140
TJX Companies
TJX
$175B
$13.3M 0.15%
277,980
-15,300
-5% -$881K
ELV icon
141
Elevance Health
ELV
$86.2B
$13.2M 0.15%
58,144
-3,200
-5% -$872K
AXP icon
142
American Express
AXP
$229B
$13.2M 0.15%
153,759
-8,500
-5% -$989K
BIIB icon
143
Biogen
BIIB
$30.6B
$13.1M 0.14%
41,377
-2,300
-5% -$698K
CL icon
144
Colgate-Palmolive
CL
$74.2B
$13M 0.14%
196,484
-10,800
-5% -$762K
SO icon
145
Southern Company
SO
$105B
$13M 0.14%
240,430
-13,200
-5% -$836K
NOW icon
146
ServiceNow
NOW
$132B
$12.4M 0.14%
216,000
-12,000
-5% -$750K
EQIX icon
147
Equinix
EQIX
$103B
$12.2M 0.13%
19,538
-1,100
-5% -$658K
BLK icon
148
Blackrock
BLK
$175B
$11.9M 0.13%
26,980
-1,500
-5% -$739K
CB icon
149
Chubb
CB
$134B
$11.6M 0.13%
103,877
-5,700
-5% -$817K
TRU icon
150
TransUnion
TRU
$15.2B
$11.6M 0.13%
175,000
– –
4 5
6
7 8

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FAM
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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)
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CAM
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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
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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.