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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
EVRG icon
351
Evergy
EVRG
$19.2B
$3.77M 0.03%
56,600
-1,800
-3% -$114K
HES
352
DELISTED
Hess
HES
$3.76M 0.03%
62,205
+1,200
+2% +$74.8K
NUE icon
353
Nucor
NUE
$62.1B
$3.71M 0.03%
72,911
-100
-0.1% -$5.22K
CNP icon
354
CenterPoint Energy
CNP
$26.8B
$3.65M 0.03%
120,762
+500
+0.4% +$14.4K
CE icon
355
Celanese
CE
$4.82B
$3.63M 0.03%
29,700
-600
-2% -$67.6K
AKAM icon
356
Akamai
AKAM
$15.9B
$3.62M 0.03%
39,623
+300
+0.8% +$26K
BKR icon
357
Baker Hughes
BKR
$61.1B
$3.62M 0.03%
156,001
+32,700
+27% +$767K
EXR icon
358
Extra Space Storage
EXR
$31.6B
$3.6M 0.03%
30,848
+300
+1% +$34.7K
WAT icon
359
Waters Corp
WAT
$39.9B
$3.59M 0.03%
16,096
-500
-3% -$108K
CAG icon
360
Conagra Brands
CAG
$7.23B
$3.59M 0.03%
116,971
+600
+0.5% +$17.3K
PFG icon
361
Principal Financial Group
PFG
$24.3B
$3.56M 0.03%
62,379
+400
+0.6% +$22.5K
MAA icon
362
Mid-America Apartment Communities
MAA
$15.7B
$3.56M 0.03%
27,401
+100
+0.4% +$12.4K
HBAN icon
363
Huntington Bancshares
HBAN
$35.5B
$3.56M 0.03%
249,538
-1,000
-0.4% -$13.7K
ULTA icon
364
Ulta Beauty
ULTA
$24.3B
$3.56M 0.03%
14,184
-29,100
-67% -$8.93M
STE icon
365
Steris
STE
$23.1B
$3.55M 0.03%
24,600
-400
-2% -$59.8K
COO icon
366
Cooper Companies
COO
$14.5B
$3.54M 0.03%
47,712
+400
+0.8% +$32.2K
FANG icon
367
Diamondback Energy
FANG
$52.7B
$3.53M 0.03%
39,246
+2,200
+6% +$219K
KMX icon
368
CarMax
KMX
$8.26B
$3.5M 0.03%
39,805
– –
GPC icon
369
Genuine Parts
GPC
$18.7B
$3.5M 0.03%
35,132
+200
+0.6% +$19.2K
DRI icon
370
Darden Restaurants
DRI
$24.4B
$3.49M 0.03%
29,553
+100
+0.3% +$12.2K
G icon
371
Genpact
G
$5.76B
$3.49M 0.03%
+90,000
New +$3.57M
DOV icon
372
Dover
DOV
$28.4B
$3.48M 0.03%
34,962
+200
+0.6% +$19.2K
MGM icon
373
MGM Resorts International
MGM
$11.2B
$3.48M 0.03%
125,400
+3,200
+3% +$91.9K
XYL icon
374
Xylem
XYL
$28.1B
$3.44M 0.03%
43,272
+200
+0.5% +$15.7K
BR icon
375
Broadridge
BR
$19B
$3.42M 0.03%
27,500
-300
-1% -$38.6K
13 14
15
16 17

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FAM
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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)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.