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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
FTNT icon
451
Fortinet
FTNT
$117B
$2.62M 0.02%
170,500
-3,000
-2% -$48.7K
AES icon
452
AES
AES
$10.5B
$2.61M 0.02%
159,605
+700
+0.4% +$11.3K
VAR
453
DELISTED
Varian Medical Systems, Inc.
VAR
$2.6M 0.02%
21,854
+100
+0.5% +$11.9K
TAP icon
454
Molson Coors Class B
TAP
$8.09B
$2.6M 0.02%
45,199
+200
+0.4% +$10.8K
CONE
455
DELISTED
CyrusOne Inc Common Stock
CONE
$2.59M 0.02%
32,800
-700
-2% -$46.7K
TSCO icon
456
Tractor Supply
TSCO
$18B
$2.59M 0.02%
143,260
-1,000
-0.7% -$20.7K
SIVB
457
DELISTED
SVB Financial Group
SIVB
$2.59M 0.02%
12,400
-100
-0.8% -$21K
RPM icon
458
RPM International
RPM
$15B
$2.59M 0.02%
37,618
-1,200
-3% -$79.5K
CF icon
459
CF Industries
CF
$17.3B
$2.58M 0.02%
52,525
-400
-0.8% -$19.4K
NBL
460
DELISTED
Noble Energy, Inc.
NBL
$2.58M 0.02%
114,961
+500
+0.4% +$11.1K
AAL icon
461
American Airlines Group
AAL
$10.6B
$2.57M 0.02%
95,256
+500
+0.5% +$14.6K
MVIS icon
462
Microvision
MVIS
$78.9M
$2.56M 0.02%
288,413
– –
FICO icon
463
Fair Isaac
FICO
$22.5B
$2.55M 0.02%
8,400
-200
-2% -$67.7K
LW icon
464
Lamb Weston
LW
$7.19B
$2.54M 0.02%
35,000
– –
MPT
465
Medical Properties Trust
MPT
$2.81B
$2.53M 0.02%
129,500
+12,700
+11% +$233K
WYNN icon
466
Wynn Resorts
WYNN
$10.6B
$2.53M 0.02%
23,270
+100
+0.4% +$11.9K
SCI icon
467
Service Corp International
SCI
$11.6B
$2.53M 0.02%
52,900
-1,000
-2% -$46.9K
ETFC
468
DELISTED
E*Trade Financial Corporation
ETFC
$2.52M 0.02%
57,658
-900
-2% -$39.8K
CY
469
DELISTED
Cypress Semiconductor
CY
$2.5M 0.02%
107,200
-1,100
-1% -$25.2K
LII icon
470
Lennox International
LII
$15.2B
$2.48M 0.02%
10,200
-200
-2% -$51.6K
RNR icon
471
RenaissanceRe
RNR
$13.4B
$2.48M 0.02%
12,800
-300
-2% -$55.8K
VTRS icon
472
Viatris
VTRS
$18.9B
$2.45M 0.02%
124,009
+600
+0.5% +$11.8K
RJF icon
473
Raymond James Financial
RJF
$34B
$2.45M 0.02%
44,550
-900
-2% -$48.9K
BRO icon
474
Brown & Brown
BRO
$23.9B
$2.44M 0.02%
67,700
-1,600
-2% -$57.2K
FTI icon
475
TechnipFMC
FTI
$27.3B
$2.44M 0.02%
135,610
+135
+0.1% +$2.52K
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 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.