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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
AFL icon
201
Aflac
AFL
$62.6B
$10.8M 0.09%
216,190
-1,800
-0.8% -$86.7K
AIG icon
202
American International
AIG
$41.3B
$10.8M 0.09%
250,552
-2,700
-1% -$115K
WP
203
DELISTED
Worldpay, Inc.
WP
$10.7M 0.09%
94,500
-228,000
-71% -$20.7M
EL icon
204
Estee Lauder
EL
$32B
$10.4M 0.08%
62,918
– –
TRV icon
205
Travelers Companies
TRV
$80.2B
$10.4M 0.08%
75,883
– –
HUM icon
206
Humana
HUM
$46.2B
$10.4M 0.08%
39,026
-300
-0.8% -$86.5K
TFC icon
207
Truist Financial
TFC
$64B
$10.2M 0.08%
220,061
-600
-0.3% -$29.3K
ROP icon
208
Roper Technologies
ROP
$39.8B
$10.2M 0.08%
29,902
+300
+1% +$91.1K
VLO icon
209
Valero Energy
VLO
$85.9B
$10.2M 0.08%
120,376
-1,100
-0.9% -$90.9K
WDAY icon
210
Workday
WDAY
$44.4B
$10.2M 0.08%
52,800
– –
MAR icon
211
Marriott International
MAR
$92.3B
$10.2M 0.08%
81,252
+200
+0.2% +$23.5K
SHW icon
212
Sherwin-Williams
SHW
$89.8B
$10.1M 0.08%
70,473
-300
-0.4% -$41.7K
HCA icon
213
HCA Healthcare
HCA
$89.5B
$10M 0.08%
76,920
+100
+0.1% +$13.4K
WMB icon
214
Williams Companies
WMB
$86.1B
$10M 0.08%
348,986
+2,400
+0.7% +$64.3K
ATVI
215
DELISTED
Activision Blizzard
ATVI
$10M 0.08%
220,144
+1,700
+0.8% +$76.8K
ROST icon
216
Ross Stores
ROST
$81.9B
$9.94M 0.08%
106,788
-322,600
-75% -$29.6M
SRE icon
217
Sempra
SRE
$54.8B
$9.94M 0.08%
157,876
+1,200
+0.8% +$70.7K
CDK
218
DELISTED
CDK Global, Inc.
CDK
$9.91M 0.08%
168,500
+122,600
+267% +$6.68M
XLI icon
219
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
$9.9M 0.08%
132,000
+2,200
+2% +$159K
F icon
220
Ford
F
$55.7B
$9.89M 0.08%
1,126,090
+7,500
+0.7% +$64.4K
ADSK icon
221
Autodesk
ADSK
$52.6B
$9.84M 0.08%
63,120
+400
+0.6% +$59.8K
PSA icon
222
Public Storage
PSA
$61.3B
$9.43M 0.08%
43,277
+300
+0.7% +$62.8K
ABMD
223
DELISTED
Abiomed Inc
ABMD
$9.42M 0.08%
33,000
+100
+0.3% +$33.2K
REGN icon
224
Regeneron Pharmaceuticals
REGN
$80.8B
$9.26M 0.07%
22,544
+300
+1% +$124K
XLNX
225
DELISTED
Xilinx Inc
XLNX
$9.25M 0.07%
72,971
+500
+0.7% +$56.2K
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 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.