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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
WCG
351
DELISTED
Wellcare Health Plans, Inc.
WCG
$4.78M 0.03%
14,900
-1,600
-10% -$454K
ULTA icon
352
Ulta Beauty
ULTA
$24.3B
$4.76M 0.03%
16,884
– –
AWK icon
353
American Water Works
AWK
$26.9B
$4.74M 0.03%
53,828
+1,100
+2% +$96.8K
KLAC icon
354
KLA
KLAC
$259B
$4.73M 0.03%
464,770
+3,000
+0.6% +$32.8K
RSG icon
355
Republic Services
RSG
$65.7B
$4.72M 0.03%
65,000
-1,000
-2% -$72.4K
MSCI icon
356
MSCI
MSCI
$40.9B
$4.7M 0.03%
26,500
+100
+0.4% +$17.4K
ANSS
357
DELISTED
Ansys
ANSS
$4.69M 0.03%
25,100
+200
+0.8% +$35.8K
EFX icon
358
Equifax
EFX
$21.4B
$4.68M 0.03%
35,846
+200
+0.6% +$26.1K
TTWO icon
359
Take-Two Interactive
TTWO
$46.1B
$4.68M 0.03%
33,900
– –
MVIS icon
360
Microvision
MVIS
$78.9M
$4.68M 0.03%
257,613
– –
HST icon
361
Host Hotels & Resorts
HST
$16B
$4.66M 0.03%
221,000
+1,500
+0.7% +$31.7K
PFG icon
362
Principal Financial Group
PFG
$24.3B
$4.62M 0.03%
78,879
– –
EXPE icon
363
Expedia Group
EXPE
$37.3B
$4.62M 0.03%
35,384
-400
-1% -$51.9K
CMA
364
DELISTED
Comerica
CMA
$4.61M 0.03%
51,076
+200
+0.4% +$19.1K
AEE icon
365
Ameren
AEE
$30.1B
$4.6M 0.03%
72,722
+600
+0.8% +$37.8K
KEYS icon
366
Keysight
KEYS
$58.3B
$4.59M 0.03%
69,300
+500
+0.7% +$31K
MTD icon
367
Mettler-Toledo International
MTD
$28.6B
$4.59M 0.03%
7,540
– –
JKHY icon
368
Jack Henry & Associates
JKHY
$11.1B
$4.57M 0.03%
28,550
+100
+0.4% +$14.7K
DPZ icon
369
Domino's
DPZ
$11.6B
$4.57M 0.03%
15,500
-100
-0.6% -$28.3K
OMC icon
370
Omnicom Group
OMC
$23.4B
$4.54M 0.03%
66,818
-500
-0.7% -$35.1K
BALL icon
371
Ball Corp
BALL
$16.8B
$4.51M 0.03%
102,452
-900
-0.9% -$36.6K
TFX icon
372
Teleflex
TFX
$5.98B
$4.5M 0.03%
16,930
+200
+1% +$51.9K
NBL
373
DELISTED
Noble Energy, Inc.
NBL
$4.49M 0.03%
143,961
+500
+0.3% +$16K
WAT icon
374
Waters Corp
WAT
$39.9B
$4.48M 0.03%
22,996
-200
-0.9% -$38.7K
EVRG icon
375
Evergy
EVRG
$19.2B
$4.45M 0.03%
81,000
+700
+0.9% +$39.6K
13 14
15
16 17

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.