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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
+1.57%
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
$11B
AUM Growth
-$14.5M
Cap. Flow
-$89.9M
Cap. Flow %
-0.81%
Top 10 Hldgs %
21.24%
Holding
972
New
24
Increased
350
Reduced
511
Closed
28

Top Buys

Rank Stock Value
1
EXC icon
Exelon
EXC
+$70.7M
2
WEX icon
WEX
WEX
+$24.7M
3
KEYS icon
Keysight
KEYS
+$22.2M
4
TCPC icon
BlackRock TCP Capital
TCPC
+$21M
5
GPN icon
Global Payments
GPN
+$15.7M

Top Sells

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$126M
2
AGNC icon
AGNC Investment
AGNC
+$55.8M
3
RHT
Red Hat Inc
RHT
+$36.5M
4
RITM icon
Rithm Capital
RITM
+$26.2M
5
SSNC icon
SS&C Technologies
SSNC
+$25.1M

Sector Composition

Rank Sector Weight
1 Technology 17.65%
2 Financials 14.13%
3 Healthcare 12.59%
4 Real Estate 11.88%
5 Industrials 10.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PEG icon
226
Public Service Enterprise Group
PEG
$37.7B
$7.54M 0.07%
121,522
+500
+0.4% +$29.9K
ED icon
227
Consolidated Edison
ED
$39.9B
$7.54M 0.07%
79,828
+1,500
+2% +$133K
TEL icon
228
TE Connectivity
TEL
$62.6B
$7.53M 0.07%
80,776
+100
+0.1% +$9.2K
NEM icon
229
Newmont
NEM
$119B
$7.48M 0.07%
197,155
+900
+0.5% +$35K
EBAY icon
230
eBay
EBAY
$49.8B
$7.39M 0.07%
189,542
-6,600
-3% -$265K
STI
231
DELISTED
SunTrust Banks, Inc.
STI
$7.34M 0.07%
106,692
+400
+0.4% +$25.6K
OKE icon
232
Oneok
OKE
$54.5B
$7.32M 0.07%
99,326
+500
+0.5% +$35.4K
ORLY icon
233
O'Reilly Automotive
ORLY
$76.3B
$7.31M 0.07%
275,205
-6,000
-2% -$155K
AVB icon
234
AvalonBay Communities
AVB
$26.8B
$7.24M 0.07%
33,623
+200
+0.6% +$41.8K
EQR icon
235
Equity Residential
EQR
$25.1B
$7.23M 0.07%
83,803
-4,900
-6% -$401K
WEC icon
236
WEC Energy
WEC
$35.1B
$7.22M 0.07%
75,877
+400
+0.5% +$36K
TT icon
237
Trane Technologies
TT
$106B
$7.15M 0.06%
58,040
+300
+0.5% +$36.6K
WMB icon
238
Williams Companies
WMB
$86.1B
$7.01M 0.06%
291,386
+1,300
+0.4% +$32.8K
VFC icon
239
VF Corp
VFC
$5.89B
$6.99M 0.06%
78,528
+600
+0.8% +$51.3K
EA
240
DELISTED
Electronic Arts
EA
$6.93M 0.06%
70,806
-200
-0.3% -$18.8K
APH icon
241
Amphenol
APH
$209B
$6.91M 0.06%
286,208
– –
MSI icon
242
Motorola Solutions
MSI
$77.4B
$6.79M 0.06%
39,823
+400
+1% +$68.7K
ZBH icon
243
Zimmer Biomet
ZBH
$18.4B
$6.77M 0.06%
50,823
+309
+0.6% +$39.9K
HPQ icon
244
HP
HPQ
$27.5B
$6.74M 0.06%
356,325
-4,300
-1% -$84.5K
PPG icon
245
PPG Industries
PPG
$26.6B
$6.73M 0.06%
56,768
+200
+0.4% +$23K
ES icon
246
Eversource Energy
ES
$27.2B
$6.65M 0.06%
77,764
+900
+1% +$71.5K
SBAC icon
247
SBA Communications
SBAC
$19.5B
$6.56M 0.06%
27,200
+100
+0.4% +$24.7K
VTR icon
248
Ventas
VTR
$47.9B
$6.54M 0.06%
89,610
+1,200
+1% +$85.2K
DLR icon
249
Digital Realty Trust
DLR
$71.7B
$6.5M 0.06%
50,060
+200
+0.4% +$24.3K
DLTR icon
250
Dollar Tree
DLTR
$25.2B
$6.5M 0.06%
56,910
– –
8 9
10
11 12

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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
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State of Michigan Retirement System's Q3 2019 Portfolio in Review

As of Q3 2019, State of Michigan Retirement System held 972 positions worth $11B, down 0.13% from $11.1B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

State of Michigan Retirement System's Q3 2019 filing shows 24 new, 350 increased, 511 reduced and 28 closed positions. Its largest new stake was Athene Holding Ltd. Class A Common Shares: 350,000 shares worth $14.7M. The largest sale was Annaly Capital Management, an estimated $126M.

By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q3 2019 buy was Athene Holding Ltd. Class A Common Shares: 350,000 shares worth $14.7M.
  • State of Michigan Retirement System added most to Exelon in Q3 2019, an estimated $70.7M increase.
  • State of Michigan Retirement System's biggest Q3 2019 reduction was Annaly Capital Management, cutting an estimated $126M.
  • State of Michigan Retirement System fully exited Red Hat Inc in Q3 2019, selling an estimated $36.5M.
  • State of Michigan Retirement System's ten largest holdings make up 21% of its $11B portfolio in Q3 2019.
  • State of Michigan Retirement System opened 24 new positions and closed 28 in Q3 2019.
  • State of Michigan Retirement System's portfolio value fell 0.13% quarter-over-quarter to $11B.

Based on State of Michigan Retirement System's 13F filing for Q3 2019, filed 22 Oct 2019.