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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
MVIS icon
376
Microvision
MVIS
$78.9M
$3.48M 0.03%
288,413
– –
IT icon
377
Gartner
IT
$11.7B
$3.48M 0.03%
21,599
-4,300
-17% -$672K
HBAN icon
378
Huntington Bancshares
HBAN
$35.5B
$3.46M 0.03%
250,538
-51,100
-17% -$686K
KMX icon
379
CarMax
KMX
$8.26B
$3.46M 0.03%
39,805
-9,200
-19% -$719K
CNP icon
380
CenterPoint Energy
CNP
$26.8B
$3.44M 0.03%
120,262
-24,200
-17% -$722K
MLM icon
381
Martin Marietta Materials
MLM
$33B
$3.43M 0.03%
14,912
-3,100
-17% -$672K
WCG
382
DELISTED
Wellcare Health Plans, Inc.
WCG
$3.42M 0.03%
12,000
-2,400
-17% -$662K
LDOS icon
383
Leidos
LDOS
$17.3B
$3.4M 0.03%
42,648
-9,500
-18% -$694K
DPZ icon
384
Domino's
DPZ
$11.6B
$3.4M 0.03%
12,200
-2,400
-16% -$656K
TRMB icon
385
Trimble
TRMB
$13.9B
$3.36M 0.03%
74,500
-15,200
-17% -$632K
CAH icon
386
Cardinal Health
CAH
$55.4B
$3.36M 0.03%
71,315
-14,600
-17% -$673K
ZBRA icon
387
Zebra Technologies
ZBRA
$17.8B
$3.35M 0.03%
16,000
-51,200
-76% -$10.3M
WDC icon
388
Western Digital
WDC
$150B
$3.34M 0.03%
92,807
-18,125
-16% -$621K
LEN icon
389
Lennar Class A
LEN
$21.2B
$3.31M 0.03%
70,614
-14,462
-17% -$721K
ANET icon
390
Arista Networks
ANET
$238B
$3.3M 0.03%
203,200
-38,400
-16% -$665K
CE icon
391
Celanese
CE
$4.82B
$3.27M 0.03%
30,300
-6,600
-18% -$684K
XRAY icon
392
Dentsply Sirona
XRAY
$2.43B
$3.27M 0.03%
55,966
-8,200
-13% -$441K
NVR icon
393
NVR
NVR
$17B
$3.25M 0.03%
964
-200
-17% -$641K
EXR icon
394
Extra Space Storage
EXR
$31.6B
$3.24M 0.03%
30,548
-6,100
-17% -$641K
FDS icon
395
Factset
FDS
$10.2B
$3.24M 0.03%
11,300
-2,300
-17% -$636K
HST icon
396
Host Hotels & Resorts
HST
$16B
$3.23M 0.03%
177,400
-36,000
-17% -$678K
GEN icon
397
Gen Digital
GEN
$17.5B
$3.22M 0.03%
148,029
-36,200
-20% -$778K
MAA icon
398
Mid-America Apartment Communities
MAA
$15.7B
$3.21M 0.03%
27,301
-5,500
-17% -$619K
SWKS icon
399
Skyworks Solutions
SWKS
$10.6B
$3.19M 0.03%
41,308
-8,900
-18% -$706K
K
400
DELISTED
Kellanova
K
$3.19M 0.03%
63,358
-13,738
-18% -$729K
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 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.