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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
+8.49%
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
$12.1B
AUM Growth
+$1.06B
Cap. Flow
+$176M
Cap. Flow %
1.45%
Top 10 Hldgs %
21.16%
Holding
973
New
29
Increased
606
Reduced
214
Closed
26

Top Buys

Rank Stock Value
1
UGI icon
UGI
UGI
+$91.7M
2
EXC icon
Exelon
EXC
+$90.8M
3
ATH
Athene Holding Ltd. Class A Common Shares
ATH
+$86.9M
4
PINS icon
Pinterest
PINS
+$57.6M
5
TDG icon
TransDigm Group
TDG
+$43.7M

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$92.3M
2
HD icon
Home Depot
HD
+$58M
3
DIS icon
Walt Disney
DIS
+$57.7M
4
HON icon
Honeywell
HON
+$53.2M
5
IBM icon
IBM
IBM
+$50.8M

Sector Composition

Rank Sector Weight
1 Technology 17.7%
2 Financials 14.22%
3 Healthcare 12.86%
4 Real Estate 10.39%
5 Industrials 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SYY icon
201
Sysco
SYY
$40.3B
$10.6M 0.09%
123,379
– –
BAX icon
202
Baxter International
BAX
$14.2B
$10.3M 0.09%
123,522
+800
+0.7% +$66.2K
SRE icon
203
Sempra
SRE
$54.8B
$10.3M 0.09%
136,276
+4,200
+3% +$308K
LRCX icon
204
Lam Research
LRCX
$390B
$10.3M 0.08%
350,600
+3,000
+0.9% +$79.7K
PGR icon
205
Progressive
PGR
$125B
$10.2M 0.08%
141,381
+800
+0.6% +$57.7K
BNY
206
Bank of New York Mellon
BNY
$107B
$10.2M 0.08%
202,948
-3,300
-2% -$157K
ROST icon
207
Ross Stores
ROST
$81.9B
$10.2M 0.08%
87,488
-200
-0.2% -$22.5K
KNTK icon
208
Kinetik
KNTK
$7.98B
$10M 0.08%
350,000
– –
GD icon
209
General Dynamics
GD
$106B
$9.99M 0.08%
56,627
+400
+0.7% +$71.8K
KMI icon
210
Kinder Morgan
KMI
$68.7B
$9.97M 0.08%
471,056
+3,000
+0.6% +$60.7K
MAR icon
211
Marriott International
MAR
$92.3B
$9.94M 0.08%
65,652
-100
-0.2% -$13.4K
DOW icon
212
Dow Inc
DOW
$21.2B
$9.82M 0.08%
179,378
+700
+0.4% +$36.2K
ADSK icon
213
Autodesk
ADSK
$52.6B
$9.76M 0.08%
53,220
+400
+0.8% +$64.8K
MET icon
214
MetLife
MET
$62.1B
$9.64M 0.08%
189,085
-2,300
-1% -$111K
HCA icon
215
HCA Healthcare
HCA
$89.5B
$9.46M 0.08%
64,020
+100
+0.2% +$13.4K
MPC icon
216
Marathon Petroleum
MPC
$83.7B
$9.46M 0.08%
157,016
-1,300
-0.8% -$81.3K
XLI icon
217
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
$9.4M 0.08%
115,400
+5,700
+5% +$455K
AFL icon
218
Aflac
AFL
$62.6B
$9.39M 0.08%
177,490
-500
-0.3% -$26.5K
VLO icon
219
Valero Energy
VLO
$85.9B
$9.3M 0.08%
99,276
-400
-0.4% -$37.8K
PRU icon
220
Prudential Financial
PRU
$41.8B
$9.12M 0.08%
97,232
+600
+0.6% +$55.1K
ROP icon
221
Roper Technologies
ROP
$39.8B
$8.93M 0.07%
25,202
+200
+0.8% +$69.1K
OXY icon
222
Occidental Petroleum
OXY
$55.9B
$8.9M 0.07%
216,030
+1,000
+0.5% +$40.1K
ALL icon
223
Allstate
ALL
$67.5B
$8.81M 0.07%
78,337
-800
-1% -$87.3K
FDX icon
224
FedEx
FDX
$75.4B
$8.77M 0.07%
58,012
+300
+0.5% +$46.2K
F icon
225
Ford
F
$55.7B
$8.76M 0.07%
941,790
-400
-0% -$3.6K
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 2019 Portfolio in Review

As of Q4 2019, State of Michigan Retirement System held 973 positions worth $12.1B, up 9.6% from $11B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

State of Michigan Retirement System's Q4 2019 filing shows 29 new, 606 increased, 214 reduced and 26 closed positions. Its largest new stake was Pinterest: 2,666,569 shares worth $49.7M. The largest sale was JPMorgan Chase, an estimated $92.3M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q4 2019 buy was Pinterest: 2,666,569 shares worth $49.7M.
  • State of Michigan Retirement System added most to UGI in Q4 2019, an estimated $91.7M increase.
  • State of Michigan Retirement System's biggest Q4 2019 reduction was JPMorgan Chase, cutting an estimated $92.3M.
  • State of Michigan Retirement System fully exited Celgene Corp in Q4 2019, selling an estimated $16.9M.
  • State of Michigan Retirement System's ten largest holdings make up 21% of its $12.1B portfolio in Q4 2019.
  • State of Michigan Retirement System opened 29 new positions and closed 26 in Q4 2019.
  • State of Michigan Retirement System's portfolio value rose 9.6% quarter-over-quarter to $12.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2019, filed 24 Jan 2020.