We are live on ! Find out more
SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
-12.75%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$482M 4.32%
1,927,226
+397,811
+26% +$107M
AGNC icon
2
AGNC Investment
AGNC
$12.9B
$418M 3.75%
23,815,845
+1,330,000
+6% +$23.7M
AAPL icon
3
Apple
AAPL
$4.99T
$319M 2.86%
8,084,764
-1,513,600
-16% -$73.4M
NLY icon
4
Annaly Capital Management
NLY
$17.4B
$271M 2.43%
6,895,569
– –
MSFT icon
5
Microsoft
MSFT
$2.92T
$252M 2.26%
2,482,017
-475,300
-16% -$50.9M
AMZN icon
6
Amazon
AMZN
$2.48T
$212M 1.91%
2,828,040
-430,000
-13% -$35.7M
BRK.B icon
7
Berkshire Hathaway Class B
BRK.B
$1.11T
$192M 1.73%
942,234
-180,136
-16% -$37.6M
EG icon
8
Everest Group
EG
$15.8B
$177M 1.59%
811,600
-600
-0.1% -$131K
JPM icon
9
JPMorgan Chase
JPM
$950B
$162M 1.46%
1,661,385
+130,100
+8% +$13.9M
HD icon
10
Home Depot
HD
$343B
$153M 1.38%
892,028
-26,800
-3% -$4.81M
TWO
11
Two Harbors Investment
TWO
$1.27B
$153M 1.37%
2,970,536
+82,500
+3% +$4.7M
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$4.08T
$126M 1.13%
2,408,760
-1,990,000
-45% -$108M
V icon
13
Visa
V
$697B
$122M 1.1%
925,944
-603,000
-39% -$83.3M
GILD icon
14
Gilead Sciences
GILD
$167B
$111M 1%
1,779,884
-669,576
-27% -$46.8M
JNJ icon
15
Johnson & Johnson
JNJ
$643B
$110M 0.99%
854,064
-92,900
-10% -$13M
META icon
16
Meta Platforms (Facebook)
META
$1.51T
$109M 0.97%
828,574
-380,542
-31% -$55.1M
INTC icon
17
Intel
INTC
$435B
$107M 0.96%
2,279,011
+231,900
+11% +$10.9M
VZ icon
18
Verizon
VZ
$201B
$106M 0.95%
1,878,015
+247,500
+15% +$14M
WFC icon
19
Wells Fargo
WFC
$263B
$103M 0.93%
2,242,830
+182,000
+9% +$9.32M
RITM icon
20
Rithm Capital
RITM
$5.46B
$102M 0.91%
7,154,734
+4,058,558
+131% +$68.6M
ARI
21
Apollo Commercial Real Estate
ARI
$881M
$98.6M 0.88%
5,919,968
– –
DIS icon
22
Walt Disney
DIS
$172B
$92.4M 0.83%
842,353
+203,800
+32% +$23.2M
GOOG icon
23
Alphabet (Google) Class C
GOOG
$4.07T
$91.3M 0.82%
1,762,340
-72,000
-4% -$3.85M
EXC icon
24
Exelon
EXC
$48.4B
$90.5M 0.81%
2,813,670
-3,898,821
-58% -$125M
ALLY icon
25
Ally Financial
ALLY
$13.4B
$85.3M 0.77%
3,762,933
– –
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.