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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
MOH icon
451
Molina Healthcare
MOH
$10.3B
$3.39M 0.02%
22,800
+5,300
+30% +$676K
NRG icon
452
NRG Energy
NRG
$24.8B
$3.38M 0.02%
90,368
+1,800
+2% +$60.4K
DINO icon
453
HF Sinclair
DINO
$14.5B
$3.38M 0.02%
48,300
-4,000
-8% -$282K
WST icon
454
West Pharmaceutical
WST
$24.9B
$3.36M 0.02%
27,200
+100
+0.4% +$11.2K
MAS icon
455
Masco
MAS
$15.3B
$3.35M 0.02%
91,604
-300
-0.3% -$11.5K
CMG icon
456
Chipotle Mexican Grill
CMG
$41.5B
$3.34M 0.02%
367,000
+5,000
+1% +$47.6K
BFH icon
457
Bread Financial
BFH
$4.38B
$3.33M 0.02%
17,671
-251
-1% -$47.3K
WAB icon
458
Wabtec
WAB
$49.3B
$3.33M 0.02%
31,700
+100
+0.3% +$10.8K
HOLX
459
DELISTED
Hologic
HOLX
$3.32M 0.02%
81,060
+200
+0.2% +$8.08K
MHK icon
460
Mohawk Industries
MHK
$9.22B
$3.32M 0.02%
18,936
+200
+1% +$39.2K
PVH icon
461
PVH
PVH
$4.04B
$3.31M 0.02%
22,896
+100
+0.4% +$14.8K
HII icon
462
Huntington Ingalls Industries
HII
$12.8B
$3.3M 0.02%
12,900
-300
-2% -$71.8K
TSCO icon
463
Tractor Supply
TSCO
$18B
$3.29M 0.02%
181,260
+500
+0.3% +$8.32K
TDY icon
464
Teledyne Technologies
TDY
$32B
$3.28M 0.02%
13,300
+100
+0.8% +$22.8K
UHS icon
465
Universal Health Services
UHS
$10.5B
$3.28M 0.02%
25,652
-200
-0.8% -$24.5K
REG icon
466
Regency Centers
REG
$14.1B
$3.27M 0.02%
50,500
+6,900
+16% +$440K
WP
467
DELISTED
Worldpay, Inc.
WP
$3.27M 0.02%
32,250
+5,300
+20% +$484K
EXR icon
468
Extra Space Storage
EXR
$31.6B
$3.26M 0.02%
37,648
+300
+0.8% +$27.9K
EWBC icon
469
East-West Bancorp
EWBC
$18B
$3.24M 0.02%
53,600
+200
+0.4% +$12.8K
ALB icon
470
Albemarle
ALB
$15.5B
$3.23M 0.02%
32,340
-500
-2% -$48.4K
UDR icon
471
UDR
UDR
$12.3B
$3.23M 0.02%
79,804
+600
+0.8% +$23.3K
CPT icon
472
Camden Property Trust
CPT
$11.3B
$3.21M 0.02%
34,300
+100
+0.3% +$9.29K
RPM icon
473
RPM International
RPM
$15B
$3.2M 0.02%
49,318
+100
+0.2% +$6.44K
CBOE icon
474
Cboe Global Markets
CBOE
$29.9B
$3.19M 0.02%
33,300
– –
HRL icon
475
Hormel Foods
HRL
$13.8B
$3.19M 0.02%
81,020
+1,100
+1% +$42.1K
17 18
19
20 21

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.