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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
AMCR icon
326
Amcor
AMCR
$22.1B
$4.46M 0.04%
+77,720
New +$4.31M
FAST icon
327
Fastenal
FAST
$59.5B
$4.46M 0.04%
273,944
-55,800
-17% -$920K
CCL icon
328
Carnival Corporation Ltd
CCL
$39.7B
$4.46M 0.04%
95,860
-19,500
-17% -$1.02M
AEE icon
329
Ameren
AEE
$30.1B
$4.42M 0.04%
58,822
-11,700
-17% -$863K
NTNX icon
330
Nutanix
NTNX
$16.9B
$4.4M 0.04%
+169,518
New +$5.91M
VMC icon
331
Vulcan Materials
VMC
$36.9B
$4.34M 0.04%
31,610
-6,400
-17% -$817K
OMC icon
332
Omnicom Group
OMC
$23.4B
$4.32M 0.04%
52,718
-11,700
-18% -$923K
CHD icon
333
Church & Dwight Co
CHD
$24.5B
$4.3M 0.04%
58,924
-11,900
-17% -$885K
KEY icon
334
KeyCorp
KEY
$24.4B
$4.29M 0.04%
241,427
-49,300
-17% -$834K
CMG icon
335
Chipotle Mexican Grill
CMG
$41.5B
$4.28M 0.04%
292,000
-60,000
-17% -$846K
KR icon
336
Kroger
KR
$34.8B
$4.19M 0.04%
193,076
-36,800
-16% -$895K
RMD icon
337
ResMed
RMD
$30.7B
$4.19M 0.04%
34,300
-7,000
-17% -$775K
IP icon
338
International Paper
IP
$22B
$4.12M 0.04%
100,503
-21,331
-18% -$903K
ANSS
339
DELISTED
Ansys
ANSS
$4.12M 0.04%
20,100
-4,000
-17% -$762K
LH icon
340
Labcorp
LH
$25.9B
$4.08M 0.04%
27,467
-5,587
-17% -$780K
KEYS icon
341
Keysight
KEYS
$58.3B
$4.04M 0.04%
45,000
-9,100
-17% -$773K
FANG icon
342
Diamondback Energy
FANG
$52.7B
$4.04M 0.04%
37,046
-7,500
-17% -$783K
FCX icon
343
Freeport-McMoran
FCX
$97.5B
$4.03M 0.04%
347,323
-70,300
-17% -$818K
NUE icon
344
Nucor
NUE
$62.1B
$4.02M 0.04%
73,011
-15,000
-17% -$824K
COO icon
345
Cooper Companies
COO
$14.5B
$3.98M 0.04%
47,312
-9,600
-17% -$722K
CMS icon
346
CMS Energy
CMS
$22.3B
$3.93M 0.04%
67,935
-13,700
-17% -$769K
EFX icon
347
Equifax
EFX
$21.4B
$3.92M 0.04%
28,946
-5,800
-17% -$727K
MXIM
348
DELISTED
Maxim Integrated Products
MXIM
$3.9M 0.04%
65,200
-13,600
-17% -$775K
AJG icon
349
Arthur J. Gallagher & Co
AJG
$63.6B
$3.88M 0.04%
44,352
-8,700
-16% -$726K
CFG icon
350
Citizens Financial Group
CFG
$30.6B
$3.88M 0.04%
109,700
-23,000
-17% -$802K
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 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.