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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
+13.65%
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
$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
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$471M 3.78%
1,668,279
-258,947
-13% -$70.3M
AGNC icon
2
AGNC Investment
AGNC
$12.7B
$437M 3.51%
24,282,030
+466,185
+2% +$8.33M
AAPL icon
3
Apple
AAPL
$4.97T
$355M 2.85%
7,485,564
-599,200
-7% -$25.4M
MSFT icon
4
Microsoft
MSFT
$2.9T
$309M 2.48%
2,617,217
+135,200
+5% +$14.8M
NLY icon
5
Annaly Capital Management
NLY
$17.3B
$281M 2.25%
7,026,798
+131,229
+2% +$5.36M
AMZN icon
6
Amazon
AMZN
$2.44T
$254M 2.04%
2,854,040
+26,000
+0.9% +$2.16M
EG icon
7
Everest Group
EG
$15.6B
$175M 1.41%
811,700
+100
+0% +$21.8K
BRK.B icon
8
Berkshire Hathaway Class B
BRK.B
$1.1T
$173M 1.39%
861,599
-80,635
-9% -$16.3M
RITM icon
9
Rithm Capital
RITM
$5.58B
$172M 1.38%
10,154,734
+3,000,000
+42% +$49.4M
JPM icon
10
JPMorgan Chase
JPM
$916B
$167M 1.34%
1,652,885
-8,500
-0.5% -$876K
TWO
11
Two Harbors Investment
TWO
$1.27B
$161M 1.29%
2,970,536
– –
HD icon
12
Home Depot
HD
$337B
$146M 1.17%
762,128
-129,900
-15% -$23.8M
V icon
13
Visa
V
$701B
$145M 1.16%
927,144
+1,200
+0.1% +$173K
GOOGL icon
14
Alphabet (Google) Class A
GOOGL
$4.12T
$142M 1.14%
2,420,760
+12,000
+0.5% +$677K
META icon
15
Meta Platforms (Facebook)
META
$1.49T
$133M 1.07%
796,174
-32,400
-4% -$5.15M
VZ icon
16
Verizon
VZ
$197B
$127M 1.02%
2,149,815
+271,800
+14% +$15.4M
INTC icon
17
Intel
INTC
$413B
$122M 0.98%
2,268,211
-10,800
-0.5% -$548K
JNJ icon
18
Johnson & Johnson
JNJ
$640B
$119M 0.96%
853,664
-400
-0% -$53.6K
ARI
19
Apollo Commercial Real Estate
ARI
$864M
$108M 0.86%
5,919,968
– –
WFC icon
20
Wells Fargo
WFC
$254B
$107M 0.86%
2,209,830
-33,000
-1% -$1.62M
GOOG icon
21
Alphabet (Google) Class C
GOOG
$4.11T
$104M 0.83%
1,772,340
+10,000
+0.6% +$561K
DIS icon
22
Walt Disney
DIS
$171B
$102M 0.82%
919,391
+77,038
+9% +$8.61M
CSCO icon
23
Cisco
CSCO
$443B
$102M 0.82%
1,886,291
-18,600
-1% -$904K
XOM icon
24
ExxonMobil
XOM
$650B
$98.7M 0.79%
1,221,032
+8,900
+0.7% +$679K
ALLY icon
25
Ally Financial
ALLY
$13.1B
$98.6M 0.79%
3,587,500
-175,433
-5% -$4.58M
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 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.