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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
CDW icon
326
CDW
CDW
$17B
$4.29M 0.04%
+34,800
New +$3.99M
DHI icon
327
D.R. Horton
DHI
$42.3B
$4.26M 0.04%
80,860
-400
-0.5% -$19.1K
CINF icon
328
Cincinnati Financial
CINF
$27.1B
$4.26M 0.04%
36,521
+200
+0.6% +$22K
WDC icon
329
Western Digital
WDC
$150B
$4.24M 0.04%
94,130
+1,323
+1% +$56.5K
CCL icon
330
Carnival Corporation Ltd
CCL
$39.7B
$4.21M 0.04%
96,260
+400
+0.4% +$18.5K
DOC icon
331
Healthpeak Properties
DOC
$14.8B
$4.21M 0.04%
118,067
+3,600
+3% +$122K
ARE icon
332
Alexandria Real Estate Equities
ARE
$8.56B
$4.21M 0.04%
27,300
+300
+1% +$44.3K
MTD icon
333
Mettler-Toledo International
MTD
$28.6B
$4.18M 0.04%
5,940
– –
KHC icon
334
Kraft Heinz
KHC
$30B
$4.18M 0.04%
149,546
+600
+0.4% +$17.3K
MLM icon
335
Martin Marietta Materials
MLM
$33B
$4.12M 0.04%
15,012
+100
+0.7% +$24.7K
OMC icon
336
Omnicom Group
OMC
$23.4B
$4.1M 0.04%
52,318
-400
-0.8% -$31.8K
EFX icon
337
Equifax
EFX
$21.4B
$4.09M 0.04%
29,046
+100
+0.3% +$14.1K
AJG icon
338
Arthur J. Gallagher & Co
AJG
$63.6B
$4.01M 0.04%
44,752
+400
+0.9% +$36K
HAL icon
339
Halliburton
HAL
$26.6B
$3.97M 0.04%
210,579
+1,300
+0.6% +$26.9K
IP icon
340
International Paper
IP
$22B
$3.95M 0.04%
99,763
-740
-0.7% -$28.9K
LH icon
341
Labcorp
LH
$25.9B
$3.95M 0.04%
27,351
-116
-0.4% -$16.9K
FRC
342
DELISTED
First Republic Bank
FRC
$3.91M 0.04%
40,400
+1,000
+3% +$94.8K
CPRT icon
343
Copart
CPRT
$27.5B
$3.9M 0.04%
194,000
+800
+0.4% +$15.5K
K
344
DELISTED
Kellanova
K
$3.85M 0.03%
63,677
+319
+0.5% +$18.2K
LEN icon
345
Lennar Class A
LEN
$21.2B
$3.82M 0.03%
70,614
– –
AMCR icon
346
Amcor
AMCR
$22.1B
$3.81M 0.03%
78,120
+400
+0.5% +$20.7K
CFG icon
347
Citizens Financial Group
CFG
$30.6B
$3.8M 0.03%
107,500
-2,200
-2% -$76.8K
RF icon
348
Regions Financial
RF
$26.8B
$3.79M 0.03%
239,870
-2,700
-1% -$40.8K
TFX icon
349
Teleflex
TFX
$5.98B
$3.78M 0.03%
11,130
+100
+0.9% +$34.9K
MXIM
350
DELISTED
Maxim Integrated Products
MXIM
$3.78M 0.03%
65,200
– –
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 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.