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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
COR icon
401
Cencora
COR
$61.2B
$3.18M 0.03%
37,284
-7,700
-17% -$609K
AKAM icon
402
Akamai
AKAM
$15.9B
$3.15M 0.03%
39,323
-7,700
-16% -$596K
TSCO icon
403
Tractor Supply
TSCO
$18B
$3.14M 0.03%
144,260
-30,500
-17% -$630K
SJM icon
404
J.M. Smucker
SJM
$12.8B
$3.13M 0.03%
27,200
-5,600
-17% -$684K
EXPD icon
405
Expeditors International
EXPD
$23.2B
$3.13M 0.03%
41,199
-8,300
-17% -$626K
LNC icon
406
Lincoln National
LNC
$8.81B
$3.13M 0.03%
48,481
-10,400
-18% -$665K
FOXA icon
407
Fox Class A
FOXA
$26.9B
$3.11M 0.03%
84,880
-16,700
-16% -$614K
AAL icon
408
American Airlines Group
AAL
$10.6B
$3.09M 0.03%
94,756
-20,400
-18% -$659K
CAG icon
409
Conagra Brands
CAG
$7.23B
$3.09M 0.03%
116,371
-23,600
-17% -$685K
HOLX
410
DELISTED
Hologic
HOLX
$3.08M 0.03%
64,160
-13,000
-17% -$601K
TTWO icon
411
Take-Two Interactive
TTWO
$46.1B
$3.05M 0.03%
26,900
-5,700
-17% -$587K
BKR icon
412
Baker Hughes
BKR
$61.1B
$3.04M 0.03%
123,301
-21,400
-15% -$516K
UDR icon
413
UDR
UDR
$12.3B
$3.03M 0.03%
67,504
-11,900
-15% -$536K
CPT icon
414
Camden Property Trust
CPT
$11.3B
$2.99M 0.03%
28,600
-5,800
-17% -$595K
VAR
415
DELISTED
Varian Medical Systems, Inc.
VAR
$2.96M 0.03%
21,754
-4,400
-17% -$588K
ATO icon
416
Atmos Energy
ATO
$28.8B
$2.96M 0.03%
28,000
-5,700
-17% -$584K
TXT icon
417
Textron
TXT
$15.4B
$2.96M 0.03%
55,737
-11,900
-18% -$603K
CTXS
418
DELISTED
Citrix Systems Inc
CTXS
$2.94M 0.03%
29,974
-6,100
-17% -$598K
KSU
419
DELISTED
Kansas City Southern
KSU
$2.94M 0.03%
24,112
-5,000
-17% -$598K
HAS icon
420
Hasbro
HAS
$13.2B
$2.93M 0.03%
27,739
-5,600
-17% -$552K
TDY icon
421
Teledyne Technologies
TDY
$32B
$2.93M 0.03%
10,700
-2,200
-17% -$548K
Y
422
DELISTED
Alleghany Corp
Y
$2.93M 0.03%
4,300
-900
-17% -$597K
RGA icon
423
Reinsurance Group of America
RGA
$16.1B
$2.89M 0.03%
18,500
-3,900
-17% -$584K
WYNN icon
424
Wynn Resorts
WYNN
$10.6B
$2.87M 0.03%
23,170
-4,700
-17% -$604K
GWW icon
425
W.W. Grainger
GWW
$60.2B
$2.87M 0.03%
10,707
-2,300
-18% -$645K
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 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.