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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
D icon
151
Dominion Energy
D
$59.3B
$16.5M 0.14%
199,054
+1,500
+0.8% +$123K
SO icon
152
Southern Company
SO
$107B
$16.2M 0.13%
253,630
+2,300
+0.9% +$143K
DUK icon
153
Duke Energy
DUK
$97.3B
$16.1M 0.13%
176,351
-28,133
-14% -$2.58M
TGT icon
154
Target
TGT
$68B
$15.7M 0.13%
122,510
-300
-0.2% -$35.2K
BSX icon
155
Boston Scientific
BSX
$71.5B
$15.2M 0.13%
337,096
+2,200
+0.7% +$92.1K
MS icon
156
Morgan Stanley
MS
$340B
$15.2M 0.13%
297,455
-4,500
-1% -$213K
AGN
157
DELISTED
Allergan plc
AGN
$15.2M 0.13%
79,356
+500
+0.6% +$90.2K
TRU icon
158
TransUnion
TRU
$15.3B
$15M 0.12%
+175,000
New +$14.6M
FUN icon
159
Cedar Fair
FUN
$1.67B
$14.4M 0.12%
260,000
– –
MU icon
160
Micron Technology
MU
$991B
$14.4M 0.12%
267,744
+2,400
+0.9% +$115K
BLK icon
161
Blackrock
BLK
$176B
$14.3M 0.12%
28,480
+200
+0.7% +$94.9K
CCI icon
162
Crown Castle
CCI
$32.2B
$14.3M 0.12%
100,524
-24,150
-19% -$3.29M
CL icon
163
Colgate-Palmolive
CL
$74.4B
$14.3M 0.12%
207,284
+1,000
+0.5% +$68.2K
AMAT icon
164
Applied Materials
AMAT
$428B
$13.6M 0.11%
223,409
+1,300
+0.6% +$73.1K
PLD icon
165
Prologis
PLD
$133B
$13.6M 0.11%
152,811
+1,100
+0.7% +$97.5K
CSX icon
166
CSX Corp
CSX
$93.1B
$13.6M 0.11%
564,093
-11,700
-2% -$277K
MRSH
167
Marsh
MRSH
$91.5B
$13.6M 0.11%
122,101
+400
+0.3% +$41.8K
SLB icon
168
SLB Ltd
SLB
$75B
$13.5M 0.11%
334,772
+2,300
+0.7% +$82.1K
RPT
169
Rithm Property Trust
RPT
$93.7M
$13.3M 0.11%
155,252
– –
DE icon
170
Deere & Co
DE
$168B
$13.2M 0.11%
76,154
+500
+0.7% +$86.1K
SCHW
171
Charles Schwab
SCHW
$187B
$13.2M 0.11%
276,537
-3,200
-1% -$141K
NOC icon
172
Northrop Grumman
NOC
$81.2B
$13M 0.11%
37,917
+100
+0.3% +$35.2K
BIIB icon
173
Biogen
BIIB
$30.7B
$13M 0.11%
43,677
-64,100
-59% -$17.8M
NOW icon
174
ServiceNow
NOW
$129B
$12.9M 0.11%
+228,000
New +$12M
RVTY icon
175
Revvity
RVTY
$12.8B
$12.8M 0.11%
131,829
+105,100
+393% +$9.38M
5 6
7
8 9

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.