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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
+7.98%
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
$13.7B
AUM Growth
+$1.01B
Cap. Flow
+$122M
Cap. Flow %
0.89%
Top 10 Hldgs %
24.11%
Holding
956
New
20
Increased
569
Reduced
273
Closed
16

Top Buys

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$289M
2
EG icon
Everest Group
EG
+$179M
3
AGNC icon
AGNC Investment
AGNC
+$75.2M
4
TWO
Two Harbors Investment
TWO
+$49.4M
5
RITM icon
Rithm Capital
RITM
+$44.2M

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$134M
2
GILD icon
Gilead Sciences
GILD
+$133M
3
CVS icon
CVS Health
CVS
+$86.3M
4
XYZ
Block Inc
XYZ
+$74.9M
5
JPM icon
JPMorgan Chase
JPM
+$73.9M

Sector Composition

Rank Sector Weight
1 Technology 16.52%
2 Financials 15.53%
3 Healthcare 14.69%
4 Real Estate 10.27%
5 Consumer Discretionary 9.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SRE icon
226
Sempra
SRE
$54.8B
$9.26M 0.07%
162,876
+6,400
+4% +$370K
STI
227
DELISTED
SunTrust Banks, Inc.
STI
$9.17M 0.07%
137,292
-300
-0.2% -$21.4K
SNAP icon
228
Snap
SNAP
$9.01B
$9.16M 0.07%
1,080,756
– –
EBAY icon
229
eBay
EBAY
$49.8B
$9.15M 0.07%
277,142
+3,500
+1% +$121K
TEL icon
230
TE Connectivity
TEL
$62.6B
$9.13M 0.07%
103,876
+200
+0.2% +$18.4K
ROP icon
231
Roper Technologies
ROP
$39.8B
$9.12M 0.07%
30,802
+300
+1% +$88.5K
CXO
232
DELISTED
CONCHO RESOURCES INC.
CXO
$9.11M 0.07%
59,632
+15,500
+35% +$2.19M
VFC icon
233
VF Corp
VFC
$5.89B
$9.05M 0.07%
102,831
-107
-0.1% -$9.13K
PSA icon
234
Public Storage
PSA
$61.3B
$9.01M 0.07%
44,677
+300
+0.7% +$64.7K
CNC icon
235
Centene
CNC
$32.5B
$8.85M 0.06%
122,248
+800
+0.7% +$55.5K
PXD
236
DELISTED
Pioneer Natural Resource Co.
PXD
$8.85M 0.06%
50,802
+300
+0.6% +$53.6K
GPN icon
237
Global Payments
GPN
$22.8B
$8.8M 0.06%
69,064
-100
-0.1% -$12K
YUM icon
238
Yum! Brands
YUM
$41.1B
$8.6M 0.06%
94,554
-1,100
-1% -$91.8K
ALGN icon
239
Align Technology
ALGN
$12.3B
$8.53M 0.06%
21,800
+400
+2% +$148K
GLW icon
240
Corning
GLW
$143B
$8.52M 0.06%
241,369
-4,500
-2% -$146K
APH icon
241
Amphenol
APH
$209B
$8.41M 0.06%
357,808
+800
+0.2% +$18.6K
ADM icon
242
Archer Daniels Midland
ADM
$36.9B
$8.38M 0.06%
166,800
+1,200
+0.7% +$58.9K
ORLY icon
243
O'Reilly Automotive
ORLY
$76.3B
$8.35M 0.06%
360,705
-3,000
-0.8% -$63.8K
OKE icon
244
Oneok
OKE
$54.5B
$8.31M 0.06%
122,526
+800
+0.7% +$54.8K
ZBH icon
245
Zimmer Biomet
ZBH
$18.4B
$7.97M 0.06%
62,462
+515
+0.8% +$61.2K
PEG icon
246
Public Service Enterprise Group
PEG
$37.7B
$7.95M 0.06%
150,622
+1,000
+0.7% +$52.2K
TROW icon
247
T. Rowe Price
TROW
$24.3B
$7.91M 0.06%
72,461
+800
+1% +$92.6K
MCK icon
248
McKesson
MCK
$101B
$7.9M 0.06%
59,533
-300
-0.5% -$39.1K
PPG icon
249
PPG Industries
PPG
$26.6B
$7.87M 0.06%
72,068
-1,700
-2% -$185K
DFS
250
DELISTED
Discover Financial Services
DFS
$7.81M 0.06%
102,143
-1,200
-1% -$90.3K
8 9
10
11 12

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 Q3 2018 Portfolio in Review

As of Q3 2018, State of Michigan Retirement System held 956 positions worth $13.7B, up 8% from $12.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q3 2018: portfolio turnover was 3.8%. State of Michigan Retirement System opened 20 new positions and exited 16, leaving the 956-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q3 2018 buy was Annaly Capital Management: 6,895,569 shares worth $282M.
  • State of Michigan Retirement System added most to Everest Group in Q3 2018, an estimated $179M increase.
  • State of Michigan Retirement System's biggest Q3 2018 reduction was Wells Fargo, cutting an estimated $134M.
  • State of Michigan Retirement System fully exited MTGE Investment Corp. Common Stock in Q3 2018, selling an estimated $43.1M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $13.7B portfolio in Q3 2018.
  • State of Michigan Retirement System opened 20 new positions and closed 16 in Q3 2018.
  • State of Michigan Retirement System's portfolio value rose 8% quarter-over-quarter to $13.7B.

Based on State of Michigan Retirement System's 13F filing for Q3 2018, filed 26 Oct 2018.