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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
PH icon
276
Parker-Hannifin
PH
$135B
$5.58M 0.05%
30,895
+200
+0.7% +$34K
HSY icon
277
Hershey
HSY
$36.6B
$5.55M 0.05%
35,782
+2,400
+7% +$362K
ADM icon
278
Archer Daniels Midland
ADM
$36.9B
$5.5M 0.05%
133,900
-200
-0.1% -$7.96K
PPL
279
PPL Corp
PPL
$26.7B
$5.47M 0.05%
173,666
+900
+0.5% +$27.2K
MNST icon
280
Monster Beverage
MNST
$88.5B
$5.4M 0.05%
185,984
-1,400
-0.7% -$42.4K
AWK icon
281
American Water Works
AWK
$26.9B
$5.39M 0.05%
43,428
+200
+0.5% +$24.1K
GLW icon
282
Corning
GLW
$143B
$5.36M 0.05%
187,769
-100
-0.1% -$2.99K
REGN icon
283
Regeneron Pharmaceuticals
REGN
$80.8B
$5.34M 0.05%
19,244
+400
+2% +$118K
MCHP icon
284
Microchip Technology
MCHP
$46B
$5.32M 0.05%
114,544
+600
+0.5% +$27.2K
STT icon
285
State Street
STT
$50.7B
$5.3M 0.05%
89,557
+200
+0.2% +$11.1K
HIG icon
286
Hartford Financial Services
HIG
$39.3B
$5.27M 0.05%
86,975
+400
+0.5% +$23.4K
SWK icon
287
Stanley Black & Decker
SWK
$15.7B
$5.26M 0.05%
36,448
+200
+0.6% +$28.3K
CERN
288
DELISTED
Cerner Corp
CERN
$5.22M 0.05%
76,568
-1,300
-2% -$92K
ESS icon
289
Essex Property Trust
ESS
$18.5B
$5.16M 0.05%
15,802
+100
+0.6% +$31.3K
CMG icon
290
Chipotle Mexican Grill
CMG
$41.5B
$5.16M 0.05%
307,000
+15,000
+5% +$239K
MTB icon
291
M&T Bank
MTB
$36.2B
$5.08M 0.05%
32,170
-500
-2% -$78.7K
PXD
292
DELISTED
Pioneer Natural Resource Co.
PXD
$5.06M 0.05%
40,202
-100
-0.2% -$13.2K
CTVA icon
293
Corteva
CTVA
$51.3B
$5.04M 0.05%
180,011
+700
+0.4% +$20.2K
AME icon
294
Ametek
AME
$58.2B
$5.04M 0.05%
54,884
+300
+0.5% +$26.5K
SYF icon
295
Synchrony
SYF
$25.6B
$5M 0.05%
146,710
-5,100
-3% -$175K
WY icon
296
Weyerhaeuser
WY
$18.4B
$4.96M 0.04%
179,061
+800
+0.4% +$20.9K
SNPS icon
297
Synopsys
SNPS
$79.7B
$4.96M 0.04%
36,100
+200
+0.6% +$27K
KR icon
298
Kroger
KR
$34.8B
$4.95M 0.04%
192,076
-1,000
-0.5% -$23.3K
LAMR icon
299
Lamar Advertising Co
LAMR
$16.3B
$4.92M 0.04%
60,000
-400
-0.7% -$31.6K
FTV icon
300
Fortive
FTV
$18.6B
$4.87M 0.04%
112,619
+634
+0.6% +$29.2K
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 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.