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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
-12.75%
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
$11.1B
AUM Growth
-$2.52B
Cap. Flow
-$649M
Cap. Flow %
-5.82%
Top 10 Hldgs %
23.67%
Holding
963
New
23
Increased
75
Reduced
826
Closed
19

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$107M
2
RITM icon
Rithm Capital
RITM
+$68.6M
3
HON icon
Honeywell
HON
+$65.1M
4
DXC icon
DXC Technology
DXC
+$44.8M
5
RTN
Raytheon Company
RTN
+$41.3M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$125M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$108M
3
AXP icon
American Express
AXP
+$99.1M
4
V icon
Visa
V
+$83.3M
5
CVS icon
CVS Health
CVS
+$79.7M

Sector Composition

Rank Sector Weight
1 Technology 15.27%
2 Financials 14.8%
3 Healthcare 13.25%
4 Real Estate 12.44%
5 Industrials 8.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PRU icon
201
Prudential Financial
PRU
$41.8B
$9.64M 0.09%
118,232
-6,000
-5% -$553K
HCA icon
202
HCA Healthcare
HCA
$89.5B
$9.56M 0.09%
76,820
-223,800
-74% -$30M
TFC icon
203
Truist Financial
TFC
$64B
$9.56M 0.09%
220,661
-10,100
-4% -$485K
BAX icon
204
Baxter International
BAX
$14.2B
$9.33M 0.08%
141,722
-6,300
-4% -$423K
SHW icon
205
Sherwin-Williams
SHW
$89.8B
$9.28M 0.08%
70,773
-302,700
-81% -$40.8M
HPQ icon
206
HP
HPQ
$27.5B
$9.27M 0.08%
453,025
-18,500
-4% -$432K
AMAT icon
207
Applied Materials
AMAT
$428B
$9.21M 0.08%
281,409
-11,500
-4% -$394K
EW icon
208
Edwards Lifesciences
EW
$51.7B
$9.17M 0.08%
179,568
-7,500
-4% -$379K
VLO icon
209
Valero Energy
VLO
$85.9B
$9.11M 0.08%
121,476
-5,900
-5% -$518K
ADI icon
210
Analog Devices
ADI
$190B
$9.1M 0.08%
105,995
-4,800
-4% -$415K
TRV icon
211
Travelers Companies
TRV
$80.2B
$9.09M 0.08%
75,883
-3,900
-5% -$488K
RHT
212
DELISTED
Red Hat Inc
RHT
$8.89M 0.08%
50,596
-2,300
-4% -$364K
MAR icon
213
Marriott International
MAR
$92.3B
$8.8M 0.08%
81,052
-4,800
-6% -$551K
PSA icon
214
Public Storage
PSA
$61.3B
$8.7M 0.08%
42,977
-1,700
-4% -$347K
SYY icon
215
Sysco
SYY
$40.3B
$8.58M 0.08%
136,879
-34,800
-20% -$2.35M
F icon
216
Ford
F
$55.7B
$8.56M 0.08%
1,118,590
-47,900
-4% -$427K
SRE icon
217
Sempra
SRE
$54.8B
$8.47M 0.08%
156,676
-6,200
-4% -$353K
WDAY icon
218
Workday
WDAY
$44.4B
$8.43M 0.08%
52,800
-12,200
-19% -$1.73M
XLI icon
219
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
$8.36M 0.08%
129,800
-474,600
-79% -$33.6M
KMI icon
220
Kinder Morgan
KMI
$68.7B
$8.36M 0.08%
543,356
-22,200
-4% -$376K
REGN icon
221
Regeneron Pharmaceuticals
REGN
$80.8B
$8.31M 0.07%
22,244
-800
-3% -$293K
YUM icon
222
Yum! Brands
YUM
$41.1B
$8.22M 0.07%
89,454
-5,100
-5% -$456K
EL icon
223
Estee Lauder
EL
$32B
$8.19M 0.07%
62,918
-3,900
-6% -$530K
ALL icon
224
Allstate
ALL
$67.5B
$8.15M 0.07%
98,637
-4,500
-4% -$404K
EQIX icon
225
Equinix
EQIX
$103B
$8.12M 0.07%
23,038
-700
-3% -$273K
7 8
9
10 11

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 2018 Portfolio in Review

As of Q4 2018, State of Michigan Retirement System held 963 positions worth $11.1B, down 18% from $13.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System withdrew a net $649M in Q4 2018, closing 19 positions and reducing 826 holdings. Its most notable exit was CA, Inc., an estimated $39.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Michigan Retirement System opened a new position in Honeywell worth $59.4M.

  • State of Michigan Retirement System's largest Q4 2018 buy was Honeywell: 477,026 shares worth $59.4M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $107M increase.
  • State of Michigan Retirement System's biggest Q4 2018 reduction was Exelon, cutting an estimated $125M.
  • State of Michigan Retirement System fully exited CA, Inc. in Q4 2018, selling an estimated $39.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $11.1B portfolio in Q4 2018.
  • State of Michigan Retirement System opened 23 new positions and closed 19 in Q4 2018.
  • State of Michigan Retirement System's portfolio value fell 18% quarter-over-quarter to $11.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2018, filed 1 Feb 2019.