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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
FTNT icon
451
Fortinet
FTNT
$117B
$2.67M 0.02%
173,500
-35,500
-17% -$585K
AES icon
452
AES
AES
$10.5B
$2.66M 0.02%
158,905
-32,000
-17% -$542K
VNO icon
453
Vornado Realty Trust
VNO
$7.38B
$2.66M 0.02%
41,550
-8,400
-17% -$565K
EPD icon
454
Enterprise Products Partners
EPD
$81.7B
$2.66M 0.02%
92,000
– –
MOH icon
455
Molina Healthcare
MOH
$10.3B
$2.65M 0.02%
18,500
-3,800
-17% -$521K
AAP icon
456
Advance Auto Parts
AAP
$3.49B
$2.65M 0.02%
17,168
-3,500
-17% -$568K
HRL icon
457
Hormel Foods
HRL
$13.8B
$2.64M 0.02%
65,220
-13,400
-17% -$543K
WTRG icon
458
Essential Utilities
WTRG
$11.4B
$2.64M 0.02%
63,816
+300
+0.5% +$11.7K
FMC icon
459
FMC
FMC
$1.33B
$2.62M 0.02%
31,534
-7,300
-19% -$573K
FTI icon
460
TechnipFMC
FTI
$27.3B
$2.62M 0.02%
135,475
+49,190
+57% +$862K
ETFC
461
DELISTED
E*Trade Financial Corporation
ETFC
$2.61M 0.02%
58,558
-12,400
-17% -$592K
APA icon
462
APA Corp
APA
$13.2B
$2.61M 0.02%
89,994
-18,200
-17% -$566K
UHS icon
463
Universal Health Services
UHS
$10.5B
$2.59M 0.02%
19,852
-4,200
-17% -$529K
EMN icon
464
Eastman Chemical
EMN
$8.42B
$2.58M 0.02%
33,170
-7,100
-18% -$539K
NI icon
465
NiSource
NI
$20.4B
$2.57M 0.02%
89,302
-18,000
-17% -$507K
NBL
466
DELISTED
Noble Energy, Inc.
NBL
$2.56M 0.02%
114,461
-24,900
-18% -$591K
RJF icon
467
Raymond James Financial
RJF
$34B
$2.56M 0.02%
45,450
-9,450
-17% -$539K
NNN icon
468
NNN REIT
NNN
$8.99B
$2.56M 0.02%
48,200
-9,400
-16% -$502K
PNW icon
469
Pinnacle West Capital
PNW
$12.2B
$2.53M 0.02%
26,887
-5,400
-17% -$515K
VIAB
470
DELISTED
Viacom Inc. Class B
VIAB
$2.53M 0.02%
84,704
-17,200
-17% -$503K
SCI icon
471
Service Corp International
SCI
$11.6B
$2.52M 0.02%
53,900
-10,700
-17% -$462K
OGE icon
472
OGE Energy
OGE
$9.71B
$2.52M 0.02%
59,220
-12,000
-17% -$508K
TAP icon
473
Molson Coors Class B
TAP
$8.09B
$2.52M 0.02%
44,999
-9,100
-17% -$531K
URI icon
474
United Rentals
URI
$72.4B
$2.49M 0.02%
18,800
-4,100
-18% -$520K
HSIC icon
475
Henry Schein
HSIC
$9.82B
$2.49M 0.02%
35,644
-8,000
-18% -$529K
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 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.