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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
CTAS icon
251
Cintas
CTAS
$81.3B
$7.79M 0.06%
157,468
+400
+0.3% +$20.7K
FTV icon
252
Fortive
FTV
$18.6B
$7.71M 0.06%
145,286
+1,268
+0.9% +$65K
CCL icon
253
Carnival Corporation Ltd
CCL
$39.7B
$7.66M 0.06%
120,160
– –
GIS icon
254
General Mills
GIS
$19.7B
$7.62M 0.06%
177,538
+2,000
+1% +$90.6K
TT icon
255
Trane Technologies
TT
$106B
$7.48M 0.05%
73,140
-300
-0.4% -$29.3K
AVB icon
256
AvalonBay Communities
AVB
$26.8B
$7.47M 0.05%
41,223
+300
+0.7% +$53.6K
TSS
257
DELISTED
Total System Services, Inc.
TSS
$7.32M 0.05%
74,123
+900
+1% +$84.7K
WY icon
258
Weyerhaeuser
WY
$18.4B
$7.29M 0.05%
225,761
+1,600
+0.7% +$55.5K
EQR icon
259
Equity Residential
EQR
$25.1B
$7.27M 0.05%
109,703
+700
+0.6% +$46.3K
PH icon
260
Parker-Hannifin
PH
$135B
$7.25M 0.05%
39,395
– –
RHT
261
DELISTED
Red Hat Inc
RHT
$7.21M 0.05%
52,896
+300
+0.6% +$42.9K
HLT icon
262
Hilton Worldwide
HLT
$71.5B
$7.18M 0.05%
88,900
+6,200
+7% +$489K
XEL icon
263
Xcel Energy
XEL
$48.8B
$7.16M 0.05%
151,734
+1,100
+0.7% +$51.9K
HPE icon
264
Hewlett Packard
HPE
$70.5B
$7.15M 0.05%
438,497
-13,600
-3% -$218K
WELL icon
265
Welltower
WELL
$171B
$7.13M 0.05%
110,809
+700
+0.6% +$45.2K
LRCX icon
266
Lam Research
LRCX
$390B
$7.12M 0.05%
469,600
-16,000
-3% -$273K
PCAR icon
267
PACCAR
PCAR
$70.1B
$7.12M 0.05%
156,627
+450
+0.3% +$19.9K
PCG icon
268
PG&E
PCG
$38.5B
$7.09M 0.05%
154,129
+1,200
+0.8% +$53.4K
ED icon
269
Consolidated Edison
ED
$39.9B
$7.07M 0.05%
92,728
+700
+0.8% +$55.2K
MTB icon
270
M&T Bank
MTB
$36.2B
$7.05M 0.05%
42,870
-100
-0.2% -$17.4K
PAYX icon
271
Paychex
PAYX
$42.7B
$7.03M 0.05%
95,411
+700
+0.7% +$50.3K
DLR icon
272
Digital Realty Trust
DLR
$71.7B
$6.91M 0.05%
61,460
+500
+0.8% +$59.9K
KR icon
273
Kroger
KR
$34.8B
$6.91M 0.05%
237,376
-3,300
-1% -$98.2K
MNST icon
274
Monster Beverage
MNST
$88.5B
$6.91M 0.05%
236,984
-6,200
-3% -$186K
COL
275
DELISTED
Rockwell Collins
COL
$6.88M 0.05%
49,009
+400
+0.8% +$55.1K
9 10
11
12 13

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.