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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
FITB
301
Fifth Third Bancorp
FITB
$51.8B
$4.86M 0.04%
174,049
-47,800
-22% -$1.31M
MSCI icon
302
MSCI
MSCI
$40.9B
$4.85M 0.04%
20,300
-4,000
-16% -$897K
HIG icon
303
Hartford Financial Services
HIG
$39.3B
$4.82M 0.04%
86,575
-17,000
-16% -$898K
HPE icon
304
Hewlett Packard
HPE
$70.5B
$4.79M 0.04%
320,597
-76,200
-19% -$1.15M
BXP icon
305
Boston Properties
BXP
$11.1B
$4.78M 0.04%
37,028
-7,500
-17% -$1.01M
CDNS icon
306
Cadence Design Systems
CDNS
$93.4B
$4.77M 0.04%
67,300
-13,500
-17% -$903K
ALGN icon
307
Align Technology
ALGN
$12.3B
$4.76M 0.04%
17,400
-3,600
-17% -$1.09M
HAL icon
308
Halliburton
HAL
$26.6B
$4.76M 0.04%
209,279
-42,200
-17% -$1.1M
WY icon
309
Weyerhaeuser
WY
$18.4B
$4.7M 0.04%
178,261
-36,900
-17% -$938K
NTRS icon
310
Northern Trust
NTRS
$33.9B
$4.69M 0.04%
52,154
-10,800
-17% -$995K
ETR icon
311
Entergy
ETR
$50B
$4.68M 0.04%
91,030
-18,200
-17% -$887K
CLX icon
312
Clorox
CLX
$12.7B
$4.67M 0.04%
30,470
-6,500
-18% -$993K
LLL
313
DELISTED
L3 Technologies, Inc.
LLL
$4.66M 0.04%
18,996
-3,900
-17% -$911K
AMP icon
314
Ameriprise Financial
AMP
$48.8B
$4.65M 0.04%
32,016
-7,000
-18% -$1.01M
ROK icon
315
Rockwell Automation
ROK
$49B
$4.63M 0.04%
28,290
-6,200
-18% -$1.05M
UAL icon
316
United Airlines
UAL
$42.1B
$4.63M 0.04%
52,944
-11,600
-18% -$982K
KHC icon
317
Kraft Heinz
KHC
$30B
$4.62M 0.04%
148,946
-30,300
-17% -$955K
SNPS icon
318
Synopsys
SNPS
$79.7B
$4.62M 0.04%
35,900
-7,200
-17% -$866K
ESS icon
319
Essex Property Trust
ESS
$18.5B
$4.58M 0.04%
15,702
-3,200
-17% -$922K
KLAC icon
320
KLA
KLAC
$259B
$4.57M 0.04%
386,770
-89,000
-19% -$1.03M
GLOB icon
321
Globant
GLOB
$1.61B
$4.55M 0.04%
+45,000
New +$3.92M
MKC icon
322
McCormick & Company Non-Voting
MKC
$14.2B
$4.54M 0.04%
58,536
-12,200
-17% -$941K
WORK
323
DELISTED
Slack Technologies, Inc.
WORK
$4.53M 0.04%
+120,706
New +$4.44M
HSY icon
324
Hershey
HSY
$36.6B
$4.47M 0.04%
33,382
-6,700
-17% -$851K
RSG icon
325
Republic Services
RSG
$65.7B
$4.47M 0.04%
51,600
-10,500
-17% -$874K
11 12
13
14 15

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.