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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
ROK icon
276
Rockwell Automation
ROK
$49B
$6.88M 0.05%
36,690
-500
-1% -$89.5K
NTRS icon
277
Northern Trust
NTRS
$33.9B
$6.8M 0.05%
66,554
+3,900
+6% +$418K
A icon
278
Agilent Technologies
A
$41.2B
$6.7M 0.05%
94,969
+200
+0.2% +$13.2K
TFCF
279
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$6.65M 0.05%
145,156
+15,100
+12% +$685K
NTAP icon
280
NetApp
NTAP
$37.2B
$6.64M 0.05%
77,291
-2,000
-3% -$165K
EIX icon
281
Edison International
EIX
$26.4B
$6.57M 0.05%
97,084
+600
+0.6% +$40.1K
EARN
282
Ellington Residential Mortgage REIT
EARN
$165M
$6.55M 0.05%
580,000
– –
CMI icon
283
Cummins
CMI
$88.7B
$6.54M 0.05%
44,764
-1,100
-2% -$155K
CPAY icon
284
Corpay
CPAY
$25.7B
$6.4M 0.05%
28,100
+1,700
+6% +$371K
ANDV
285
DELISTED
Andeavor
ANDV
$6.36M 0.05%
41,461
+300
+0.7% +$44.3K
CERN
286
DELISTED
Cerner Corp
CERN
$6.32M 0.05%
98,068
+4,700
+5% +$299K
SYF icon
287
Synchrony
SYF
$25.6B
$6.31M 0.05%
203,010
-7,000
-3% -$223K
BR icon
288
Broadridge
BR
$19B
$6.3M 0.05%
47,750
-200
-0.4% -$25.4K
MSI icon
289
Motorola Solutions
MSI
$77.4B
$6.29M 0.05%
48,323
+300
+0.6% +$37.1K
WEC icon
290
WEC Energy
WEC
$35.1B
$6.27M 0.05%
93,977
+600
+0.6% +$40K
IQV icon
291
IQVIA
IQV
$39.3B
$6.27M 0.05%
48,300
+500
+1% +$60K
AMP icon
292
Ameriprise Financial
AMP
$48.8B
$6.25M 0.05%
42,316
-500
-1% -$71.5K
KEY icon
293
KeyCorp
KEY
$24.4B
$6.24M 0.05%
313,527
-800
-0.3% -$16.6K
AZO icon
294
AutoZone
AZO
$51.1B
$6.1M 0.04%
7,864
– –
PPL
295
PPL Corp
PPL
$26.7B
$6.1M 0.04%
208,466
+1,500
+0.7% +$43.8K
UAL icon
296
United Airlines
UAL
$42.1B
$6.08M 0.04%
68,244
-1,500
-2% -$124K
DVN icon
297
Devon Energy
DVN
$47.3B
$6.05M 0.04%
151,563
-3,400
-2% -$145K
XLNX
298
DELISTED
Xilinx Inc
XLNX
$6.04M 0.04%
75,371
+300
+0.4% +$21.9K
RF icon
299
Regions Financial
RF
$26.8B
$6.03M 0.04%
328,470
-4,100
-1% -$77.2K
FCX icon
300
Freeport-McMoran
FCX
$97.5B
$6.01M 0.04%
431,723
+32,800
+8% +$496K
10 11
12
13 14

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.