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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
+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
GLW icon
251
Corning
GLW
$143B
$6.24M 0.06%
187,869
-38,900
-17% -$1.25M
EARN
252
Ellington Residential Mortgage REIT
EARN
$165M
$6.24M 0.06%
580,000
– –
TROW icon
253
T. Rowe Price
TROW
$24.3B
$6.22M 0.06%
56,661
-11,400
-17% -$1.2M
PXD
254
DELISTED
Pioneer Natural Resource Co.
PXD
$6.2M 0.06%
40,302
-8,200
-17% -$1.26M
DLTR icon
255
Dollar Tree
DLTR
$25.2B
$6.11M 0.06%
56,910
-11,700
-17% -$1.23M
MCK icon
256
McKesson
MCK
$101B
$6.11M 0.06%
45,433
-9,800
-18% -$1.22M
TWTR
257
DELISTED
Twitter, Inc.
TWTR
$6.1M 0.06%
174,800
-35,100
-17% -$1.29M
SBAC icon
258
SBA Communications
SBAC
$19.5B
$6.09M 0.06%
27,100
-5,300
-16% -$1.12M
VTR icon
259
Ventas
VTR
$47.9B
$6.04M 0.05%
88,410
-14,200
-14% -$906K
DFS
260
DELISTED
Discover Financial Services
DFS
$6.02M 0.05%
77,543
-17,100
-18% -$1.32M
MNST icon
261
Monster Beverage
MNST
$88.5B
$5.98M 0.05%
187,384
-38,000
-17% -$1.15M
PCAR icon
262
PACCAR
PCAR
$70.1B
$5.94M 0.05%
124,377
-25,500
-17% -$1.18M
LUV icon
263
Southwest Airlines
LUV
$23B
$5.94M 0.05%
116,984
-26,400
-18% -$1.37M
CMI icon
264
Cummins
CMI
$88.7B
$5.94M 0.05%
34,664
-7,100
-17% -$1.16M
WTW icon
265
Willis Towers Watson
WTW
$32B
$5.93M 0.05%
30,978
-6,200
-17% -$1.12M
REGN icon
266
Regeneron Pharmaceuticals
REGN
$80.8B
$5.9M 0.05%
18,844
-3,700
-16% -$1.23M
DLR icon
267
Digital Realty Trust
DLR
$71.7B
$5.87M 0.05%
49,860
-10,000
-17% -$1.19M
ES icon
268
Eversource Energy
ES
$27.2B
$5.82M 0.05%
76,864
-14,500
-16% -$1.06M
ZBH icon
269
Zimmer Biomet
ZBH
$18.4B
$5.77M 0.05%
50,514
-10,197
-17% -$1.19M
FTV icon
270
Fortive
FTV
$18.6B
$5.76M 0.05%
111,985
-22,518
-17% -$1.17M
VRSK icon
271
Verisk Analytics
VRSK
$25B
$5.74M 0.05%
39,216
-7,900
-17% -$1.11M
CERN
272
DELISTED
Cerner Corp
CERN
$5.71M 0.05%
77,868
-15,600
-17% -$1.05M
TSN icon
273
Tyson Foods
TSN
$20.4B
$5.7M 0.05%
70,536
-14,600
-17% -$1.12M
IDXX icon
274
Idexx Laboratories
IDXX
$46.2B
$5.67M 0.05%
20,600
-4,200
-17% -$1.03M
TDG icon
275
TransDigm Group
TDG
$67.7B
$5.66M 0.05%
11,704
-2,300
-16% -$1.08M
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 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.