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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
VMC icon
376
Vulcan Materials
VMC
$36.9B
$4.38M 0.03%
39,410
+300
+0.8% +$34.8K
ETR icon
377
Entergy
ETR
$50B
$4.37M 0.03%
107,830
+800
+0.7% +$33.1K
LNC icon
378
Lincoln National
LNC
$8.81B
$4.37M 0.03%
64,581
-200
-0.3% -$13.2K
SNPS icon
379
Synopsys
SNPS
$79.7B
$4.37M 0.03%
44,300
+200
+0.5% +$19.1K
GPC icon
380
Genuine Parts
GPC
$18.7B
$4.35M 0.03%
43,732
+300
+0.7% +$29.4K
CHD icon
381
Church & Dwight Co
CHD
$24.5B
$4.34M 0.03%
73,124
+700
+1% +$39.6K
TPR icon
382
Tapestry
TPR
$32.8B
$4.32M 0.03%
85,847
+600
+0.7% +$29.4K
DHI icon
383
D.R. Horton
DHI
$42.3B
$4.31M 0.03%
102,260
+600
+0.6% +$26K
IT icon
384
Gartner
IT
$11.7B
$4.29M 0.03%
27,099
+100
+0.4% +$14.5K
IEX icon
385
IDEX
IEX
$17.3B
$4.28M 0.03%
28,400
+100
+0.4% +$14.9K
XYL icon
386
Xylem
XYL
$28.1B
$4.27M 0.03%
53,472
+200
+0.4% +$14.9K
CTXS
387
DELISTED
Citrix Systems Inc
CTXS
$4.27M 0.03%
38,374
+300
+0.8% +$33.2K
HSY icon
388
Hershey
HSY
$36.6B
$4.25M 0.03%
41,682
+300
+0.7% +$29.7K
MGM icon
389
MGM Resorts International
MGM
$11.2B
$4.25M 0.03%
152,300
+3,900
+3% +$113K
BKR icon
390
Baker Hughes
BKR
$61.1B
$4.2M 0.03%
124,101
+800
+0.6% +$26.5K
TIF
391
DELISTED
Tiffany & Co.
TIF
$4.18M 0.03%
32,434
+2,300
+8% +$301K
PTC icon
392
PTC
PTC
$16B
$4.17M 0.03%
39,239
-3,300
-8% -$322K
L icon
393
Loews
L
$23.6B
$4.16M 0.03%
82,885
+5,400
+7% +$271K
CMS icon
394
CMS Energy
CMS
$22.3B
$4.14M 0.03%
84,435
+800
+1% +$39K
DRI icon
395
Darden Restaurants
DRI
$24.4B
$4.11M 0.03%
36,953
+300
+0.8% +$33.8K
ANET icon
396
Arista Networks
ANET
$238B
$4.09M 0.03%
+246,400
New +$4.19M
WRK
397
DELISTED
WestRock Company
WRK
$4.06M 0.03%
76,002
+100
+0.1% +$5.6K
LEN icon
398
Lennar Class A
LEN
$21.2B
$4.06M 0.03%
89,828
+6,198
+7% +$312K
COO icon
399
Cooper Companies
COO
$14.5B
$4.05M 0.03%
58,512
+400
+0.7% +$25.7K
AJG icon
400
Arthur J. Gallagher & Co
AJG
$63.6B
$4.05M 0.03%
54,452
+500
+0.9% +$35.8K
14 15
16
17 18

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.