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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
NTRS icon
301
Northern Trust
NTRS
$33.9B
$4.82M 0.04%
51,654
-500
-1% -$45.9K
VMC icon
302
Vulcan Materials
VMC
$36.9B
$4.81M 0.04%
31,810
+200
+0.6% +$28.2K
FITB
303
Fifth Third Bancorp
FITB
$51.8B
$4.81M 0.04%
175,649
+1,600
+0.9% +$43.9K
HPE icon
304
Hewlett Packard
HPE
$70.5B
$4.76M 0.04%
313,897
-6,700
-2% -$95.3K
AEE icon
305
Ameren
AEE
$30.1B
$4.73M 0.04%
59,122
+300
+0.5% +$23K
VRSN icon
306
VeriSign
VRSN
$26.6B
$4.73M 0.04%
25,057
-100
-0.4% -$20.6K
UAL icon
307
United Airlines
UAL
$42.1B
$4.7M 0.04%
53,144
+200
+0.4% +$17.7K
RMD icon
308
ResMed
RMD
$30.7B
$4.66M 0.04%
34,500
+200
+0.6% +$26.2K
ROK icon
309
Rockwell Automation
ROK
$49B
$4.63M 0.04%
28,090
-200
-0.7% -$31.6K
AMP icon
310
Ameriprise Financial
AMP
$48.8B
$4.62M 0.04%
31,416
-600
-2% -$84.1K
MKC icon
311
McCormick & Company Non-Voting
MKC
$14.2B
$4.62M 0.04%
59,136
+600
+1% +$48.2K
CLX icon
312
Clorox
CLX
$12.7B
$4.6M 0.04%
30,270
-200
-0.7% -$31.6K
GH icon
313
Guardant Health
GH
$22.6B
$4.53M 0.04%
+70,946
New +$6.25M
EXPE icon
314
Expedia Group
EXPE
$37.3B
$4.51M 0.04%
33,584
+5,300
+19% +$700K
FAST icon
315
Fastenal
FAST
$59.5B
$4.5M 0.04%
275,744
+1,800
+0.7% +$28K
BXP icon
316
Boston Properties
BXP
$11.1B
$4.48M 0.04%
34,528
-2,500
-7% -$325K
ANSS
317
DELISTED
Ansys
ANSS
$4.47M 0.04%
20,200
+100
+0.5% +$21.1K
CHD icon
318
Church & Dwight Co
CHD
$24.5B
$4.47M 0.04%
59,424
+500
+0.8% +$37.9K
RCL icon
319
Royal Caribbean
RCL
$85.6B
$4.47M 0.04%
41,272
+100
+0.2% +$11K
CDNS icon
320
Cadence Design Systems
CDNS
$93.4B
$4.45M 0.04%
67,400
+100
+0.1% +$7.03K
MSCI icon
321
MSCI
MSCI
$40.9B
$4.44M 0.04%
20,400
+100
+0.5% +$23.2K
RSG icon
322
Republic Services
RSG
$65.7B
$4.41M 0.04%
50,900
-700
-1% -$61.5K
CMS icon
323
CMS Energy
CMS
$22.3B
$4.36M 0.04%
68,235
+300
+0.4% +$18.2K
KEY icon
324
KeyCorp
KEY
$24.4B
$4.3M 0.04%
241,227
-200
-0.1% -$3.46K
CNC icon
325
Centene
CNC
$32.5B
$4.3M 0.04%
99,448
+500
+0.5% +$24.3K
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 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.