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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
ALL icon
201
Allstate
ALL
$68.2B
$6.81M 0.08%
74,237
-4,100
-5% -$446K
EA
202
DELISTED
Electronic Arts
EA
$6.7M 0.07%
66,906
-3,700
-5% -$389K
FDX icon
203
FedEx
FDX
$76.9B
$6.67M 0.07%
55,012
-3,000
-5% -$422K
EMR icon
204
Emerson Electric
EMR
$88.5B
$6.65M 0.07%
139,623
-7,700
-5% -$507K
BNY
205
Bank of New York Mellon
BNY
$108B
$6.48M 0.07%
192,348
-10,600
-5% -$445K
XLI icon
206
State Street Industrial Select Sector SPDR ETF
XLI
$34.5B
$6.46M 0.07%
109,400
-6,000
-5% -$452K
WEC icon
207
WEC Energy
WEC
$34.6B
$6.37M 0.07%
72,277
-4,000
-5% -$385K
KMI icon
208
Kinder Morgan
KMI
$69.9B
$6.21M 0.07%
446,456
-24,600
-5% -$468K
TMUS icon
209
T-Mobile US
TMUS
$191B
$6.09M 0.07%
72,600
-4,000
-5% -$338K
NFE icon
210
New Fortress Energy
NFE
$97.8M
$6.05M 0.07%
618,106
+185,000
+43% +$2.59M
GM icon
211
General Motors
GM
$77.2B
$5.99M 0.07%
288,220
-15,900
-5% -$486K
ED icon
212
Consolidated Edison
ED
$39.3B
$5.95M 0.07%
76,228
-4,200
-5% -$368K
RPT
213
Rithm Property Trust
RPT
$96M
$5.92M 0.07%
155,252
– –
HPQ icon
214
HP
HPQ
$27.3B
$5.9M 0.07%
339,725
-18,700
-5% -$378K
TRV icon
215
Travelers Companies
TRV
$78.3B
$5.87M 0.06%
59,083
-3,300
-5% -$410K
ES icon
216
Eversource Energy
ES
$26.8B
$5.8M 0.06%
74,164
-4,100
-5% -$360K
DD icon
217
DuPont de Nemours
DD
$19.1B
$5.79M 0.06%
135,362
-407,814
-75% -$25M
AFL icon
218
Aflac
AFL
$61.2B
$5.76M 0.06%
168,190
-9,300
-5% -$425K
MSCI icon
219
MSCI
MSCI
$40.9B
$5.61M 0.06%
19,400
-1,100
-5% -$312K
KR icon
220
Kroger
KR
$34.6B
$5.54M 0.06%
183,876
-10,100
-5% -$296K
INFO
221
DELISTED
IHS Markit Ltd. Common Shares
INFO
$5.51M 0.06%
91,900
-5,100
-5% -$367K
STZ icon
222
Constellation Brands
STZ
$22.8B
$5.5M 0.06%
38,375
-2,100
-5% -$371K
MET icon
223
MetLife
MET
$61.7B
$5.48M 0.06%
179,185
-9,900
-5% -$439K
PSX icon
224
Phillips 66
PSX
$86B
$5.46M 0.06%
101,835
-5,600
-5% -$456K
HCA icon
225
HCA Healthcare
HCA
$89.6B
$5.46M 0.06%
60,720
-3,300
-5% -$427K
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
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
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
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 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.