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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
ODFL icon
426
Old Dominion Freight Line
ODFL
$44.9B
$2.87M 0.03%
57,600
-11,700
-17% -$569K
MKTX icon
427
MarketAxess Holdings
MKTX
$5.72B
$2.86M 0.03%
8,900
-4,500
-34% -$1.3M
LII icon
428
Lennox International
LII
$15.2B
$2.86M 0.03%
10,400
-2,400
-19% -$654K
WAB icon
429
Wabtec
WAB
$49.3B
$2.86M 0.03%
39,796
-1,500
-4% -$106K
STX icon
430
Seagate
STX
$184B
$2.84M 0.03%
60,340
-13,500
-18% -$628K
DVN icon
431
Devon Energy
DVN
$47.3B
$2.83M 0.03%
99,363
-26,900
-21% -$799K
WRB icon
432
W.R. Berkley
WRB
$26.6B
$2.82M 0.03%
96,372
-19,576
-17% -$536K
ABMD
433
DELISTED
Abiomed Inc
ABMD
$2.81M 0.03%
10,800
-22,200
-67% -$5.89M
SIVB
434
DELISTED
SVB Financial Group
SIVB
$2.81M 0.03%
12,500
-2,700
-18% -$624K
MRO
435
DELISTED
Marathon Oil Corporation
MRO
$2.78M 0.03%
195,840
-40,000
-17% -$619K
LNT icon
436
Alliant Energy
LNT
$18B
$2.78M 0.03%
56,556
-11,500
-17% -$548K
CBOE icon
437
Cboe Global Markets
CBOE
$29.9B
$2.77M 0.03%
26,700
-5,600
-17% -$580K
NCLH icon
438
Norwegian Cruise Line
NCLH
$8.84B
$2.77M 0.03%
51,600
-11,100
-18% -$617K
CHRW icon
439
C.H. Robinson
CHRW
$17.5B
$2.76M 0.03%
32,729
-6,700
-17% -$564K
MAS icon
440
Masco
MAS
$15.3B
$2.76M 0.03%
70,304
-14,600
-17% -$563K
UGI icon
441
UGI
UGI
$7.33B
$2.76M 0.02%
51,600
-10,400
-17% -$554K
PTC icon
442
PTC
PTC
$16B
$2.75M 0.02%
30,639
-7,400
-19% -$663K
LYV icon
443
Live Nation Entertainment
LYV
$42.1B
$2.74M 0.02%
41,300
-8,000
-16% -$514K
WST icon
444
West Pharmaceutical
WST
$24.9B
$2.73M 0.02%
21,800
-4,600
-17% -$543K
DRE
445
DELISTED
Duke Realty Corp.
DRE
$2.72M 0.02%
86,000
-17,500
-17% -$541K
FICO icon
446
Fair Isaac
FICO
$22.5B
$2.7M 0.02%
8,600
-1,800
-17% -$522K
LUMN icon
447
Lumen
LUMN
$6.44B
$2.7M 0.02%
229,676
-44,400
-16% -$500K
CMA
448
DELISTED
Comerica
CMA
$2.68M 0.02%
36,876
-8,900
-19% -$661K
NDAQ icon
449
Nasdaq
NDAQ
$52.9B
$2.67M 0.02%
83,433
-16,800
-17% -$515K
REG icon
450
Regency Centers
REG
$14.1B
$2.67M 0.02%
40,000
-8,300
-17% -$558K
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 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.