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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
GS icon
151
Goldman Sachs
GS
$301B
$11.3M 0.12%
73,050
-4,000
-5% -$849K
NOC icon
152
Northrop Grumman
NOC
$82.2B
$10.9M 0.12%
35,917
-2,000
-5% -$696K
TGT icon
153
Target
TGT
$69.3B
$10.8M 0.12%
116,110
-6,400
-5% -$711K
MU icon
154
Micron Technology
MU
$994B
$10.7M 0.12%
253,744
-14,000
-5% -$728K
ATVI
155
DELISTED
Activision Blizzard
ATVI
$10.5M 0.12%
176,144
-9,700
-5% -$576K
BSX icon
156
Boston Scientific
BSX
$73.5B
$10.4M 0.11%
319,496
-17,600
-5% -$688K
ICE icon
157
Intercontinental Exchange
ICE
$85.2B
$10.3M 0.11%
127,700
-7,000
-5% -$634K
CSX icon
158
CSX Corp
CSX
$93.2B
$10.2M 0.11%
534,693
-29,400
-5% -$686K
KMB icon
159
Kimberly-Clark
KMB
$36.2B
$10.1M 0.11%
78,646
-4,300
-5% -$595K
MRSH
160
Marsh
MRSH
$91.1B
$10M 0.11%
115,701
-6,400
-5% -$682K
DE icon
161
Deere & Co
DE
$164B
$9.97M 0.11%
72,154
-4,000
-5% -$633K
XLV icon
162
State Street Health Care Select Sector SPDR ETF
XLV
$43.8B
$9.92M 0.11%
112,000
-12,600
-10% -$1.22M
PGR icon
163
Progressive
PGR
$125B
$9.89M 0.11%
133,981
-7,400
-5% -$570K
AMAT icon
164
Applied Materials
AMAT
$423B
$9.7M 0.11%
211,709
-11,700
-5% -$672K
TCPC icon
165
BlackRock TCP Capital
TCPC
$332M
$9.68M 0.11%
1,548,039
– –
PNC icon
166
PNC Financial Services
PNC
$100B
$9.62M 0.11%
100,476
-5,500
-5% -$739K
HUM icon
167
Humana
HUM
$46.4B
$9.52M 0.11%
30,326
-1,700
-5% -$573K
ITW icon
168
Illinois Tool Works
ITW
$84.1B
$9.52M 0.11%
66,997
-3,700
-5% -$629K
BAX icon
169
Baxter International
BAX
$14.4B
$9.51M 0.1%
117,122
-6,400
-5% -$552K
TFC icon
170
Truist Financial
TFC
$63.5B
$9.48M 0.1%
307,427
-16,900
-5% -$799K
ILMN icon
171
Illumina
ILMN
$28.9B
$9.19M 0.1%
34,602
-1,954
-5% -$546K
MS icon
172
Morgan Stanley
MS
$339B
$9.08M 0.1%
266,955
-30,500
-10% -$1.44M
AEP icon
173
American Electric Power
AEP
$66.8B
$9.06M 0.1%
113,281
-6,200
-5% -$586K
EW icon
174
Edwards Lifesciences
EW
$53.2B
$9.03M 0.1%
143,568
-7,800
-5% -$562K
REGN icon
175
Regeneron Pharmaceuticals
REGN
$82.6B
$8.96M 0.1%
18,344
-1,000
-5% -$412K
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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return

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.