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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
BNY
176
Bank of New York Mellon
BNY
$107B
$12.8M 0.1%
253,148
-7,300
-3% -$376K
FDX icon
177
FedEx
FDX
$75.4B
$12.6M 0.1%
69,212
-200
-0.3% -$35.3K
ICE icon
178
Intercontinental Exchange
ICE
$84.4B
$12.5M 0.1%
163,800
+700
+0.4% +$52.4K
RPT
179
Rithm Property Trust
RPT
$93.7M
$12.4M 0.1%
155,252
– –
KMB icon
180
Kimberly-Clark
KMB
$36.5B
$12.3M 0.1%
99,246
+100
+0.1% +$11.6K
PGR icon
181
Progressive
PGR
$125B
$12.1M 0.1%
168,281
+1,300
+0.8% +$89.1K
APD icon
182
Air Products & Chemicals
APD
$67.6B
$12.1M 0.1%
63,302
+400
+0.6% +$68.8K
TGT icon
183
Target
TGT
$68B
$12.1M 0.1%
150,410
+1,000
+0.7% +$73.1K
CTSH icon
184
Cognizant
CTSH
$26B
$12M 0.1%
165,754
– –
PAYX icon
185
Paychex
PAYX
$42.7B
$12M 0.1%
149,111
+57,600
+63% +$4.25M
SNAP icon
186
Snap
SNAP
$9.01B
$11.9M 0.1%
1,080,756
– –
AEP icon
187
American Electric Power
AEP
$68.4B
$11.9M 0.1%
142,181
+1,000
+0.7% +$79.5K
AON icon
188
Aon
AON
$76B
$11.8M 0.09%
69,147
+200
+0.3% +$32.4K
MET icon
189
MetLife
MET
$62.1B
$11.7M 0.09%
275,885
-6,600
-2% -$292K
WM icon
190
Waste Management
WM
$91B
$11.7M 0.09%
112,378
+100
+0.1% +$9.76K
MPC icon
191
Marathon Petroleum
MPC
$83.7B
$11.6M 0.09%
194,116
-3,700
-2% -$233K
PSX icon
192
Phillips 66
PSX
$81.4B
$11.5M 0.09%
120,935
-500
-0.4% -$47.5K
EW icon
193
Edwards Lifesciences
EW
$51.7B
$11.5M 0.09%
179,568
– –
KMI icon
194
Kinder Morgan
KMI
$68.7B
$11.2M 0.09%
561,056
+17,700
+3% +$330K
ADI icon
195
Analog Devices
ADI
$190B
$11.2M 0.09%
106,095
+100
+0.1% +$10K
BAX icon
196
Baxter International
BAX
$14.2B
$11.2M 0.09%
137,322
-4,400
-3% -$320K
COF icon
197
Capital One
COF
$134B
$11M 0.09%
134,848
-800
-0.6% -$65K
EQIX icon
198
Equinix
EQIX
$103B
$10.9M 0.09%
24,038
+1,000
+4% +$407K
AMAT icon
199
Applied Materials
AMAT
$428B
$10.9M 0.09%
273,609
-7,800
-3% -$296K
PRU icon
200
Prudential Financial
PRU
$41.8B
$10.8M 0.09%
117,832
-400
-0.3% -$36.9K
6 7
8
9 10

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.