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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
CNP icon
401
CenterPoint Energy
CNP
$26.8B
$4.05M 0.03%
146,562
+18,800
+15% +$527K
CHRW icon
402
C.H. Robinson
CHRW
$17.5B
$4.05M 0.03%
41,329
+100
+0.2% +$9.38K
URI icon
403
United Rentals
URI
$72.4B
$4.04M 0.03%
24,700
-100
-0.4% -$15.6K
EMN icon
404
Eastman Chemical
EMN
$8.42B
$4.03M 0.03%
42,070
-200
-0.5% -$19.8K
TRMB icon
405
Trimble
TRMB
$13.9B
$4.02M 0.03%
92,400
+600
+0.7% +$23.4K
FTI icon
406
TechnipFMC
FTI
$27.3B
$3.98M 0.03%
171,083
-1,613
-0.9% -$36.6K
CAG icon
407
Conagra Brands
CAG
$7.23B
$3.96M 0.03%
116,671
+200
+0.2% +$7.31K
ARE icon
408
Alexandria Real Estate Equities
ARE
$8.56B
$3.96M 0.03%
31,500
+1,000
+3% +$126K
GEN icon
409
Gen Digital
GEN
$17.5B
$3.94M 0.03%
185,229
+1,200
+0.7% +$24.4K
KMX icon
410
CarMax
KMX
$8.26B
$3.93M 0.03%
52,605
-100
-0.2% -$7.63K
STLD icon
411
Steel Dynamics
STLD
$37.6B
$3.92M 0.03%
86,800
-100
-0.1% -$4.6K
ODFL icon
412
Old Dominion Freight Line
ODFL
$44.9B
$3.92M 0.03%
72,900
-2,400
-3% -$121K
DOV icon
413
Dover
DOV
$28.4B
$3.89M 0.03%
43,962
-1,800
-4% -$149K
HSIC icon
414
Henry Schein
HSIC
$9.82B
$3.88M 0.03%
58,196
– –
ATO icon
415
Atmos Energy
ATO
$28.8B
$3.86M 0.03%
41,100
+200
+0.5% +$18.5K
LDOS icon
416
Leidos
LDOS
$17.3B
$3.85M 0.03%
55,648
+3,100
+6% +$210K
CDNS icon
417
Cadence Design Systems
CDNS
$93.4B
$3.82M 0.03%
84,300
+800
+1% +$36.4K
EXPD icon
418
Expeditors International
EXPD
$23.2B
$3.82M 0.03%
51,899
+200
+0.4% +$14.8K
IFF icon
419
International Flavors & Fragrances
IFF
$21.9B
$3.79M 0.03%
27,242
+3,900
+17% +$513K
CF icon
420
CF Industries
CF
$17.3B
$3.79M 0.03%
69,525
+400
+0.6% +$19.3K
VNO icon
421
Vornado Realty Trust
VNO
$7.38B
$3.76M 0.03%
51,550
+300
+0.6% +$22.2K
AAP icon
422
Advance Auto Parts
AAP
$3.49B
$3.71M 0.03%
22,068
+100
+0.5% +$15.4K
KSS icon
423
Kohl's
KSS
$2.19B
$3.71M 0.03%
49,710
-100
-0.2% -$7.57K
WYNN icon
424
Wynn Resorts
WYNN
$10.6B
$3.71M 0.03%
29,170
+4,100
+16% +$609K
ULTI
425
DELISTED
Ultimate Software Group Inc
ULTI
$3.71M 0.03%
11,500
+800
+7% +$237K
15 16
17
18 19

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.