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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
HES
351
DELISTED
Hess
HES
$3.88M 0.04%
61,005
-12,400
-17% -$767K
IEX icon
352
IDEX
IEX
$17.3B
$3.86M 0.03%
22,400
-4,600
-17% -$722K
FRC
353
DELISTED
First Republic Bank
FRC
$3.85M 0.03%
39,400
-8,100
-17% -$816K
ARE icon
354
Alexandria Real Estate Equities
ARE
$8.56B
$3.81M 0.03%
27,000
-5,500
-17% -$794K
CINF icon
355
Cincinnati Financial
CINF
$27.1B
$3.77M 0.03%
36,321
-7,300
-17% -$701K
EXPE icon
356
Expedia Group
EXPE
$37.3B
$3.76M 0.03%
28,284
-5,400
-16% -$665K
STE icon
357
Steris
STE
$23.1B
$3.72M 0.03%
25,000
-5,200
-17% -$695K
DOC icon
358
Healthpeak Properties
DOC
$14.8B
$3.66M 0.03%
114,467
-23,200
-17% -$721K
TFX icon
359
Teleflex
TFX
$5.98B
$3.65M 0.03%
11,030
-2,200
-17% -$664K
NTAP icon
360
NetApp
NTAP
$37.2B
$3.65M 0.03%
59,091
-12,100
-17% -$817K
RF icon
361
Regions Financial
RF
$26.8B
$3.62M 0.03%
242,570
-50,700
-17% -$749K
INCY icon
362
Incyte
INCY
$24.4B
$3.62M 0.03%
42,600
-8,600
-17% -$690K
GPC icon
363
Genuine Parts
GPC
$18.7B
$3.62M 0.03%
34,932
-7,100
-17% -$735K
CPRT icon
364
Copart
CPRT
$27.5B
$3.61M 0.03%
193,200
-38,400
-17% -$659K
XYL icon
365
Xylem
XYL
$28.1B
$3.6M 0.03%
43,072
-8,700
-17% -$693K
PFG icon
366
Principal Financial Group
PFG
$24.3B
$3.59M 0.03%
61,979
-12,600
-17% -$694K
DRI icon
367
Darden Restaurants
DRI
$24.4B
$3.58M 0.03%
29,453
-6,100
-17% -$726K
WAT icon
368
Waters Corp
WAT
$39.9B
$3.57M 0.03%
16,596
-4,000
-19% -$874K
BR icon
369
Broadridge
BR
$19B
$3.55M 0.03%
27,800
-136,000
-83% -$16.4M
IFF icon
370
International Flavors & Fragrances
IFF
$21.9B
$3.52M 0.03%
24,242
-5,000
-17% -$694K
EVRG icon
371
Evergy
EVRG
$19.2B
$3.51M 0.03%
58,400
-15,000
-20% -$878K
L icon
372
Loews
L
$23.6B
$3.51M 0.03%
64,185
-14,800
-19% -$759K
DHI icon
373
D.R. Horton
DHI
$42.3B
$3.5M 0.03%
81,260
-16,700
-17% -$739K
MGM icon
374
MGM Resorts International
MGM
$11.2B
$3.49M 0.03%
122,200
-24,800
-17% -$663K
DOV icon
375
Dover
DOV
$28.4B
$3.48M 0.03%
34,762
-7,000
-17% -$672K
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 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.