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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
AKAM icon
426
Akamai
AKAM
$15.9B
$3.7M 0.03%
50,523
– –
STX icon
427
Seagate
STX
$184B
$3.69M 0.03%
77,840
-7,100
-8% -$379K
DOC icon
428
Healthpeak Properties
DOC
$14.8B
$3.68M 0.03%
139,967
+900
+0.6% +$23.7K
HAS icon
429
Hasbro
HAS
$13.2B
$3.66M 0.03%
34,839
+1,200
+4% +$120K
INCY icon
430
Incyte
INCY
$24.4B
$3.63M 0.03%
52,600
+500
+1% +$34.3K
FFIV icon
431
F5
FFIV
$22.7B
$3.62M 0.03%
18,172
+100
+0.6% +$18.3K
LW icon
432
Lamb Weston
LW
$7.19B
$3.61M 0.03%
54,200
+300
+0.6% +$20.6K
RJF icon
433
Raymond James Financial
RJF
$34B
$3.6M 0.03%
58,650
+1,050
+2% +$64.7K
Y
434
DELISTED
Alleghany Corp
Y
$3.59M 0.03%
5,500
-100
-2% -$62.6K
STE icon
435
Steris
STE
$23.1B
$3.58M 0.03%
31,300
+100
+0.3% +$11.3K
UGI icon
436
UGI
UGI
$7.33B
$3.57M 0.03%
64,300
+500
+0.8% +$26.9K
VIAB
437
DELISTED
Viacom Inc. Class B
VIAB
$3.56M 0.03%
105,304
+800
+0.8% +$24K
CGNX icon
438
Cognex
CGNX
$11.3B
$3.55M 0.03%
63,600
-100
-0.2% -$5.13K
TYL icon
439
Tyler Technologies
TYL
$12.8B
$3.5M 0.03%
14,300
+1,200
+9% +$285K
FMC icon
440
FMC
FMC
$1.33B
$3.5M 0.03%
46,275
+346
+0.8% +$26.1K
NCLH icon
441
Norwegian Cruise Line
NCLH
$8.84B
$3.49M 0.03%
60,700
-500
-0.8% -$25.9K
EQT icon
442
EQT Corp
EQT
$32.3B
$3.48M 0.03%
144,517
+7,348
+5% +$203K
SJM icon
443
J.M. Smucker
SJM
$12.8B
$3.48M 0.03%
33,900
+300
+0.9% +$32.8K
CINF icon
444
Cincinnati Financial
CINF
$27.1B
$3.47M 0.03%
45,121
+900
+2% +$67K
KSU
445
DELISTED
Kansas City Southern
KSU
$3.44M 0.03%
30,412
– –
MOS icon
446
The Mosaic Company
MOS
$7.33B
$3.43M 0.03%
105,682
+1,800
+2% +$54.2K
TAP icon
447
Molson Coors Class B
TAP
$8.09B
$3.43M 0.03%
55,799
+1,000
+2% +$66.1K
MLM icon
448
Martin Marietta Materials
MLM
$33B
$3.42M 0.03%
18,812
+200
+1% +$41.3K
RGA icon
449
Reinsurance Group of America
RGA
$16.1B
$3.4M 0.02%
23,500
-300
-1% -$42.4K
MAA icon
450
Mid-America Apartment Communities
MAA
$15.7B
$3.4M 0.02%
33,901
+200
+0.6% +$20.2K
16 17
18
19 20

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.