We are live on ! Find out more
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
+3.47%
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
$11.1B
AUM Growth
-$1.4B
Cap. Flow
-$1.71B
Cap. Flow %
-15.5%
Top 10 Hldgs %
22.79%
Holding
963
New
13
Increased
18
Reduced
889
Closed
15

Top Buys

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$47.6M
2
AGNC icon
AGNC Investment
AGNC
+$38.2M
3
COHR icon
Coherent
COHR
+$29.2M
4
EPAM icon
EPAM Systems
EPAM
+$23.4M
5
APD icon
Air Products & Chemicals
APD
+$13.3M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$144M
2
AAPL icon
Apple
AAPL
+$134M
3
EG icon
Everest Group
EG
+$119M
4
ALLY icon
Ally Financial
ALLY
+$98.6M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$49.5M

Sector Composition

Rank Sector Weight
1 Technology 17.21%
2 Real Estate 13.86%
3 Financials 13.68%
4 Healthcare 12.57%
5 Industrials 9.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EBAY icon
226
eBay
EBAY
$49.8B
$7.75M 0.07%
196,142
-51,700
-21% -$1.94M
TEL icon
227
TE Connectivity
TEL
$62.6B
$7.73M 0.07%
80,676
-17,000
-17% -$1.53M
SSYS icon
228
Stratasys
SSYS
$774M
$7.72M 0.07%
263,000
-611,603
-70% -$14.5M
NEM icon
229
Newmont
NEM
$119B
$7.55M 0.07%
196,255
+42,800
+28% +$1.45M
GIS icon
230
General Mills
GIS
$19.7B
$7.53M 0.07%
143,338
-28,600
-17% -$1.48M
HPQ icon
231
HP
HPQ
$27.5B
$7.5M 0.07%
360,625
-81,300
-18% -$1.61M
XEL icon
232
Xcel Energy
XEL
$48.8B
$7.33M 0.07%
123,234
-25,000
-17% -$1.44M
TT icon
233
Trane Technologies
TT
$106B
$7.31M 0.07%
57,740
-12,000
-17% -$1.44M
EA
234
DELISTED
Electronic Arts
EA
$7.19M 0.07%
71,006
-15,300
-18% -$1.46M
XLNX
235
DELISTED
Xilinx Inc
XLNX
$7.17M 0.06%
60,771
-12,200
-17% -$1.42M
PEG icon
236
Public Service Enterprise Group
PEG
$37.7B
$7.12M 0.06%
121,022
-24,600
-17% -$1.47M
ORLY icon
237
O'Reilly Automotive
ORLY
$76.3B
$6.92M 0.06%
281,205
-57,000
-17% -$1.44M
ED icon
238
Consolidated Edison
ED
$39.9B
$6.87M 0.06%
78,328
-14,200
-15% -$1.22M
APH icon
239
Amphenol
APH
$209B
$6.87M 0.06%
286,208
-57,600
-17% -$1.39M
HLT icon
240
Hilton Worldwide
HLT
$71.5B
$6.81M 0.06%
69,700
-14,700
-17% -$1.33M
VFC icon
241
VF Corp
VFC
$5.89B
$6.81M 0.06%
77,928
-21,399
-22% -$1.84M
OKE icon
242
Oneok
OKE
$54.5B
$6.8M 0.06%
98,826
-19,800
-17% -$1.33M
AVB icon
243
AvalonBay Communities
AVB
$26.8B
$6.79M 0.06%
33,423
-6,500
-16% -$1.32M
LRCX icon
244
Lam Research
LRCX
$390B
$6.74M 0.06%
358,600
-81,000
-18% -$1.54M
EQR icon
245
Equity Residential
EQR
$25.1B
$6.73M 0.06%
88,703
-17,900
-17% -$1.37M
STI
246
DELISTED
SunTrust Banks, Inc.
STI
$6.68M 0.06%
106,292
-21,400
-17% -$1.34M
PPG icon
247
PPG Industries
PPG
$26.6B
$6.6M 0.06%
56,568
-11,400
-17% -$1.3M
MSI icon
248
Motorola Solutions
MSI
$77.4B
$6.57M 0.06%
39,423
-7,800
-17% -$1.18M
PAYX icon
249
Paychex
PAYX
$42.7B
$6.3M 0.06%
76,611
-72,500
-49% -$6.11M
WEC icon
250
WEC Energy
WEC
$35.1B
$6.29M 0.06%
75,477
-15,400
-17% -$1.23M
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 Q2 2019 Portfolio in Review

As of Q2 2019, State of Michigan Retirement System held 963 positions worth $11.1B, down 11% from $12.5B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

State of Michigan Retirement System withdrew a net $1.71B in Q2 2019, closing 15 positions and reducing 889 holdings. Its most notable exit was Ally Financial, an estimated $98.6M position sold in full.

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

Against the trend, State of Michigan Retirement System opened a new position in Dow Inc worth $8.84M.

  • State of Michigan Retirement System's largest Q2 2019 buy was Dow Inc: 179,278 shares worth $8.84M.
  • State of Michigan Retirement System added most to Annaly Capital Management in Q2 2019, an estimated $47.6M increase.
  • State of Michigan Retirement System's biggest Q2 2019 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $144M.
  • State of Michigan Retirement System fully exited Ally Financial in Q2 2019, selling an estimated $98.6M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $11.1B portfolio in Q2 2019.
  • State of Michigan Retirement System opened 13 new positions and closed 15 in Q2 2019.
  • State of Michigan Retirement System's portfolio value fell 11% quarter-over-quarter to $11.1B.

Based on State of Michigan Retirement System's 13F filing for Q2 2019, filed 26 Jul 2019.