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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
ECL icon
176
Ecolab
ECL
$79.8B
$8.95M 0.1%
57,429
-3,200
-5% -$601K
AON icon
177
Aon
AON
$75.6B
$8.85M 0.1%
53,647
-3,000
-5% -$614K
SCHW
178
Charles Schwab
SCHW
$189B
$8.81M 0.1%
262,137
-14,400
-5% -$604K
NSC icon
179
Norfolk Southern
NSC
$75.3B
$8.72M 0.1%
59,749
-3,300
-5% -$609K
SHW icon
180
Sherwin-Williams
SHW
$88.1B
$8.68M 0.1%
56,673
-3,000
-5% -$541K
ALLY icon
181
Ally Financial
ALLY
$13.4B
$8.66M 0.1%
+600,000
New +$15.8M
SPH icon
182
Suburban Propane Partners
SPH
$1.18B
$8.63M 0.1%
+610,000
New +$11.9M
NEM icon
183
Newmont
NEM
$122B
$8.51M 0.09%
187,955
-10,300
-5% -$465K
DLR icon
184
Digital Realty Trust
DLR
$70.5B
$8.37M 0.09%
60,260
+9,800
+19% +$1.25M
EFC
185
Ellington Financial
EFC
$1.68B
$8.35M 0.09%
1,462,778
– –
WM icon
186
Waste Management
WM
$90.5B
$8.28M 0.09%
89,478
-4,900
-5% -$562K
EL icon
187
Estee Lauder
EL
$31.6B
$8.13M 0.09%
51,018
-2,800
-5% -$540K
GPMT
188
Granite Point Mortgage Trust
GPMT
$59.8M
$8.11M 0.09%
1,600,000
– –
LRCX icon
189
Lam Research
LRCX
$384B
$7.98M 0.09%
332,600
-18,000
-5% -$518K
CNC icon
190
Centene
CNC
$32.8B
$7.95M 0.09%
133,884
+33,836
+34% +$2.05M
ADSK icon
191
Autodesk
ADSK
$54.3B
$7.87M 0.09%
50,420
-2,800
-5% -$514K
COP icon
192
ConocoPhillips
COP
$147B
$7.75M 0.09%
251,555
-13,800
-5% -$702K
ADI icon
193
Analog Devices
ADI
$188B
$7.58M 0.08%
84,495
-4,600
-5% -$503K
ROP icon
194
Roper Technologies
ROP
$40.1B
$7.45M 0.08%
23,902
-1,300
-5% -$461K
SRE icon
195
Sempra
SRE
$55.4B
$7.29M 0.08%
129,076
-7,200
-5% -$511K
XEL icon
196
Xcel Energy
XEL
$47.9B
$7.25M 0.08%
120,234
-6,600
-5% -$430K
ROST icon
197
Ross Stores
ROST
$82B
$7.21M 0.08%
82,888
-4,600
-5% -$491K
GD icon
198
General Dynamics
GD
$107B
$7.09M 0.08%
53,627
-3,000
-5% -$498K
SBAC icon
199
SBA Communications
SBAC
$19.2B
$6.96M 0.08%
25,800
-1,400
-5% -$369K
PSA icon
200
Public Storage
PSA
$60.4B
$6.85M 0.08%
34,477
-1,900
-5% -$407K
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
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.