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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
IT icon
401
Gartner
IT
$11.7B
$3.1M 0.03%
21,699
+100
+0.5% +$14.5K
CBOE icon
402
Cboe Global Markets
CBOE
$29.9B
$3.09M 0.03%
26,900
+200
+0.7% +$23.1K
LNT icon
403
Alliant Energy
LNT
$18B
$3.08M 0.03%
57,056
+500
+0.9% +$25.7K
NVR icon
404
NVR
NVR
$17B
$3.07M 0.03%
826
-138
-14% -$486K
STX icon
405
Seagate
STX
$184B
$3.06M 0.03%
56,940
-3,400
-6% -$167K
EXPD icon
406
Expeditors International
EXPD
$23.2B
$3.05M 0.03%
40,999
-200
-0.5% -$14.7K
UGI icon
407
UGI
UGI
$7.33B
$3.05M 0.03%
60,600
+9,000
+17% +$450K
WRB icon
408
W.R. Berkley
WRB
$26.6B
$3.04M 0.03%
94,572
-1,800
-2% -$56.2K
WST icon
409
West Pharmaceutical
WST
$24.9B
$3.04M 0.03%
21,400
-400
-2% -$55.1K
HST icon
410
Host Hotels & Resorts
HST
$16B
$3.03M 0.03%
175,500
-1,900
-1% -$32.5K
SJM icon
411
J.M. Smucker
SJM
$12.8B
$3.02M 0.03%
27,400
+200
+0.7% +$22.3K
COR icon
412
Cencora
COR
$61.2B
$3.01M 0.03%
36,584
-700
-2% -$60.2K
NTAP icon
413
NetApp
NTAP
$37.2B
$3M 0.03%
57,191
-1,900
-3% -$102K
J icon
414
Jacobs Solutions
J
$17B
$2.98M 0.03%
39,426
+6,166
+19% +$441K
IEX icon
415
IDEX
IEX
$17.3B
$2.98M 0.03%
18,200
-4,200
-19% -$697K
MKTX icon
416
MarketAxess Holdings
MKTX
$5.72B
$2.98M 0.03%
9,100
+200
+2% +$71.6K
DRE
417
DELISTED
Duke Realty Corp.
DRE
$2.95M 0.03%
86,900
+900
+1% +$29.8K
LUMN icon
418
Lumen
LUMN
$6.44B
$2.94M 0.03%
235,976
+6,300
+3% +$74.8K
GRMN
419
Garmin
GRMN
$60B
$2.94M 0.03%
34,762
+5,700
+20% +$460K
TYL icon
420
Tyler Technologies
TYL
$12.8B
$2.94M 0.03%
11,200
-100
-0.9% -$24.5K
DPZ icon
421
Domino's
DPZ
$11.6B
$2.94M 0.03%
12,000
-200
-2% -$49.5K
HRL icon
422
Hormel Foods
HRL
$13.8B
$2.92M 0.03%
66,720
+1,500
+2% +$63K
RGA icon
423
Reinsurance Group of America
RGA
$16.1B
$2.91M 0.03%
18,200
-300
-2% -$46.5K
UHS icon
424
Universal Health Services
UHS
$10.5B
$2.91M 0.03%
19,552
-300
-2% -$43.1K
MAS icon
425
Masco
MAS
$15.3B
$2.9M 0.03%
69,604
-700
-1% -$28.1K
15 16
17
18 19

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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.