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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
HES
326
DELISTED
Hess
HES
$5.37M 0.04%
75,005
-2,500
-3% -$165K
TDG icon
327
TransDigm Group
TDG
$67.7B
$5.36M 0.04%
14,404
– –
HIG icon
328
Hartford Financial Services
HIG
$39.3B
$5.33M 0.04%
106,775
+700
+0.7% +$36K
TXT icon
329
Textron
TXT
$15.4B
$5.29M 0.04%
74,037
-1,800
-2% -$123K
K
330
DELISTED
Kellanova
K
$5.28M 0.04%
80,291
+1,597
+2% +$108K
LH icon
331
Labcorp
LH
$25.9B
$5.28M 0.04%
35,382
+116
+0.3% +$17.6K
TSN icon
332
Tyson Foods
TSN
$20.4B
$5.25M 0.04%
88,136
– –
LAMR icon
333
Lamar Advertising Co
LAMR
$16.3B
$5.17M 0.04%
66,400
+300
+0.5% +$22.3K
VVC
334
DELISTED
Vectren Corporation
VVC
$5.14M 0.04%
71,960
+200
+0.3% +$14.3K
VRSN icon
335
VeriSign
VRSN
$26.6B
$5.12M 0.04%
31,957
+3,500
+12% +$536K
WDC icon
336
Western Digital
WDC
$150B
$5.08M 0.04%
114,901
-2,249
-2% -$114K
AAL icon
337
American Airlines Group
AAL
$10.6B
$5.05M 0.04%
122,156
-1,200
-1% -$46.9K
CAH icon
338
Cardinal Health
CAH
$55.4B
$4.97M 0.04%
92,015
– –
FAST icon
339
Fastenal
FAST
$59.5B
$4.96M 0.04%
342,144
+1,600
+0.5% +$22.8K
LLL
340
DELISTED
L3 Technologies, Inc.
LLL
$4.95M 0.04%
23,296
+100
+0.4% +$20.8K
SIVB
341
DELISTED
SVB Financial Group
SIVB
$4.94M 0.04%
15,900
+200
+1% +$63.1K
O icon
342
Realty Income
O
$59.1B
$4.92M 0.04%
89,190
+2,271
+3% +$125K
NOV icon
343
NOV
NOV
$7B
$4.91M 0.04%
113,978
+900
+0.8% +$40.3K
FTNT icon
344
Fortinet
FTNT
$117B
$4.91M 0.04%
266,000
– –
HBAN icon
345
Huntington Bancshares
HBAN
$35.5B
$4.91M 0.04%
329,038
+1,900
+0.6% +$29.7K
RMD icon
346
ResMed
RMD
$30.7B
$4.9M 0.04%
42,500
+200
+0.5% +$21.9K
ESS icon
347
Essex Property Trust
ESS
$18.5B
$4.86M 0.04%
19,702
+100
+0.5% +$24.1K
SWKS icon
348
Skyworks Solutions
SWKS
$10.6B
$4.84M 0.04%
53,308
-600
-1% -$56.2K
GWW icon
349
W.W. Grainger
GWW
$60.2B
$4.83M 0.04%
13,507
-1,600
-11% -$551K
NEM icon
350
Newmont
NEM
$119B
$4.8M 0.04%
158,955
+1,000
+0.6% +$33.8K
12 13
14
15 16

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.