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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
+8.49%
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
$12.1B
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
MSFT icon
1
Microsoft
MSFT
$2.94T
$413M 3.42%
2,622,017
+42,300
+2% +$6.21M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$776B
$376M 3.11%
1,168,279
– –
AGNC icon
3
AGNC Investment
AGNC
$12.8B
$367M 3.03%
20,732,030
-2,350,000
-10% -$40M
AAPL icon
4
Apple
AAPL
$5.01T
$337M 2.78%
4,585,164
-44,800
-1% -$2.88M
AMZN icon
5
Amazon
AMZN
$2.46T
$243M 2.01%
2,634,040
+16,000
+0.6% +$1.42M
EXC icon
6
Exelon
EXC
$48.3B
$170M 1.41%
5,236,606
+2,806,103
+115% +$90.8M
BRK.B icon
7
Berkshire Hathaway Class B
BRK.B
$1.1T
$169M 1.4%
745,519
+26,220
+4% +$5.69M
V icon
8
Visa
V
$708B
$165M 1.36%
878,844
+40,900
+5% +$7.37M
TWO
9
Two Harbors Investment
TWO
$1.27B
$163M 1.35%
2,782,886
– –
NLY icon
10
Annaly Capital Management
NLY
$17.3B
$157M 1.3%
4,175,000
-600,000
-13% -$21.9M
META icon
11
Meta Platforms (Facebook)
META
$1.5T
$147M 1.21%
713,974
+3,600
+0.5% +$697K
GOOGL icon
12
Alphabet (Google) Class A
GOOGL
$4.1T
$144M 1.19%
2,144,760
+8,000
+0.4% +$516K
RITM icon
13
Rithm Capital
RITM
$5.55B
$135M 1.12%
8,404,734
– –
JNJ icon
14
Johnson & Johnson
JNJ
$645B
$120M 0.99%
821,964
+101,300
+14% +$13.7M
ATH
15
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$111M 0.91%
2,350,000
+2,000,000
+571% +$86.9M
UNH icon
16
UnitedHealth
UNH
$387B
$109M 0.9%
369,113
+50,300
+16% +$13.2M
VZ icon
17
Verizon
VZ
$201B
$108M 0.89%
1,755,299
-198,116
-10% -$11.9M
TMO icon
18
Thermo Fisher Scientific
TMO
$214B
$107M 0.89%
330,531
+600
+0.2% +$182K
JPM icon
19
JPMorgan Chase
JPM
$926B
$106M 0.87%
758,585
-719,400
-49% -$92.3M
WFC icon
20
Wells Fargo
WFC
$257B
$105M 0.87%
1,960,730
-33,100
-2% -$1.73M
MA icon
21
Mastercard
MA
$502B
$101M 0.84%
339,228
+100
+0% +$28.2K
ARI
22
Apollo Commercial Real Estate
ARI
$863M
$99.9M 0.83%
5,459,968
– –
CMCSA icon
23
Comcast
CMCSA
$87.4B
$99.3M 0.82%
2,207,322
+285,400
+15% +$12.7M
INTC icon
24
Intel
INTC
$419B
$98.5M 0.81%
1,646,211
-391,100
-19% -$21.9M
GOOG icon
25
Alphabet (Google) Class C
GOOG
$4.09T
$96.7M 0.8%
1,446,340
-6,000
-0.4% -$387K
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 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.