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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
A icon
276
Agilent Technologies
A
$41.2B
$5.65M 0.05%
75,669
-15,900
-17% -$1.18M
BALL icon
277
Ball Corp
BALL
$16.8B
$5.61M 0.05%
80,152
-16,200
-17% -$1.01M
DTE icon
278
DTE Energy
DTE
$29.1B
$5.6M 0.05%
51,492
-10,105
-16% -$1.08M
MTB icon
279
M&T Bank
MTB
$36.2B
$5.56M 0.05%
32,670
-7,300
-18% -$1.21M
INFO
280
DELISTED
IHS Markit Ltd. Common Shares
INFO
$5.55M 0.05%
87,100
-17,600
-17% -$1.01M
ADM icon
281
Archer Daniels Midland
ADM
$36.9B
$5.47M 0.05%
134,100
-27,300
-17% -$1.13M
PPL
282
PPL Corp
PPL
$26.7B
$5.36M 0.05%
172,766
-35,000
-17% -$1.08M
CTVA icon
283
Corteva
CTVA
$51.3B
$5.3M 0.05%
+179,311
New +$4.82M
SYF icon
284
Synchrony
SYF
$25.6B
$5.26M 0.05%
151,810
-36,400
-19% -$1.23M
VRSN icon
285
VeriSign
VRSN
$26.6B
$5.26M 0.05%
25,157
-5,200
-17% -$1.02M
EIX icon
286
Edison International
EIX
$26.4B
$5.26M 0.05%
77,984
-15,900
-17% -$987K
SWK icon
287
Stanley Black & Decker
SWK
$15.7B
$5.24M 0.05%
36,248
-7,400
-17% -$1.04M
PH icon
288
Parker-Hannifin
PH
$135B
$5.22M 0.05%
30,695
-6,600
-18% -$1.14M
O icon
289
Realty Income
O
$59.1B
$5.2M 0.05%
77,734
-12,591
-14% -$860K
CNC icon
290
Centene
CNC
$32.5B
$5.19M 0.05%
98,948
-20,100
-17% -$1.09M
FE icon
291
FirstEnergy
FE
$27.5B
$5.17M 0.05%
120,853
-24,300
-17% -$1.02M
AWK icon
292
American Water Works
AWK
$26.9B
$5.01M 0.05%
43,228
-8,900
-17% -$982K
STT icon
293
State Street
STT
$50.7B
$5.01M 0.05%
89,357
-19,800
-18% -$1.23M
WEX icon
294
WEX
WEX
$6.31B
$4.99M 0.05%
24,000
-2,600
-10% -$523K
MTD icon
295
Mettler-Toledo International
MTD
$28.6B
$4.99M 0.05%
5,940
-1,200
-17% -$905K
RCL icon
296
Royal Caribbean
RCL
$85.6B
$4.99M 0.05%
41,172
-8,300
-17% -$1.01M
AME icon
297
Ametek
AME
$58.2B
$4.96M 0.04%
54,584
-10,900
-17% -$934K
CXO
298
DELISTED
CONCHO RESOURCES INC.
CXO
$4.96M 0.04%
48,032
-9,800
-17% -$1.06M
MCHP icon
299
Microchip Technology
MCHP
$46B
$4.94M 0.04%
113,944
-22,600
-17% -$1M
LAMR icon
300
Lamar Advertising Co
LAMR
$16.3B
$4.88M 0.04%
60,400
-5,100
-8% -$412K
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 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.