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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
EIX icon
251
Edison International
EIX
$26.4B
$6.49M 0.06%
86,084
+8,100
+10% +$583K
TROW icon
252
T. Rowe Price
TROW
$24.3B
$6.47M 0.06%
56,661
– –
INFO
253
DELISTED
IHS Markit Ltd. Common Shares
INFO
$6.45M 0.06%
96,400
+9,300
+11% +$608K
HLT icon
254
Hilton Worldwide
HLT
$71.5B
$6.42M 0.06%
69,000
-700
-1% -$66.4K
PAYX icon
255
Paychex
PAYX
$42.7B
$6.37M 0.06%
76,911
+300
+0.4% +$24.9K
LUV icon
256
Southwest Airlines
LUV
$23B
$6.28M 0.06%
116,284
-700
-0.6% -$36.6K
FE icon
257
FirstEnergy
FE
$27.5B
$6.26M 0.06%
129,853
+9,000
+7% +$407K
VRSK icon
258
Verisk Analytics
VRSK
$25B
$6.22M 0.06%
39,316
+100
+0.3% +$15.5K
DFS
259
DELISTED
Discover Financial Services
DFS
$6.21M 0.06%
76,543
-1,000
-1% -$82.6K
TDG icon
260
TransDigm Group
TDG
$67.7B
$6.2M 0.06%
11,904
+200
+2% +$103K
CMI icon
261
Cummins
CMI
$88.7B
$6.18M 0.06%
37,964
+3,300
+10% +$528K
EARN
262
Ellington Residential Mortgage REIT
EARN
$165M
$6.11M 0.06%
580,000
– –
KLAC icon
263
KLA
KLAC
$259B
$6.1M 0.06%
382,770
-4,000
-1% -$55.9K
TSN icon
264
Tyson Foods
TSN
$20.4B
$6.1M 0.06%
70,836
+300
+0.4% +$25.5K
MCK icon
265
McKesson
MCK
$101B
$6.07M 0.06%
44,433
-1,000
-2% -$142K
TMUS icon
266
T-Mobile US
TMUS
$190B
$5.99M 0.05%
+76,000
New +$5.96M
WTW icon
267
Willis Towers Watson
WTW
$32B
$5.98M 0.05%
30,978
– –
O icon
268
Realty Income
O
$59.1B
$5.87M 0.05%
78,973
+1,239
+2% +$86.9K
DTE icon
269
DTE Energy
DTE
$29.1B
$5.85M 0.05%
51,727
+235
+0.5% +$26K
PCAR icon
270
PACCAR
PCAR
$70.1B
$5.83M 0.05%
124,977
+600
+0.5% +$27.4K
XLNX
271
DELISTED
Xilinx Inc
XLNX
$5.83M 0.05%
60,771
– –
BALL icon
272
Ball Corp
BALL
$16.8B
$5.81M 0.05%
79,852
-300
-0.4% -$22.4K
A icon
273
Agilent Technologies
A
$41.2B
$5.7M 0.05%
74,369
-1,300
-2% -$93.8K
IDXX icon
274
Idexx Laboratories
IDXX
$46.2B
$5.63M 0.05%
20,700
+100
+0.5% +$27.8K
ETR icon
275
Entergy
ETR
$50B
$5.61M 0.05%
95,630
+4,600
+5% +$252K
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 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.