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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
ADBE icon
26
Adobe
ADBE
$105B
$99M 0.72%
366,653
+100
+0% +$25.8K
INTC icon
27
Intel
INTC
$513B
$96.8M 0.71%
2,047,111
-5,800
-0.3% -$282K
TMO icon
28
Thermo Fisher Scientific
TMO
$220B
$89.9M 0.66%
368,431
-81,100
-18% -$18.7M
BA icon
29
Boeing
BA
$185B
$89M 0.65%
239,350
-2,900
-1% -$1.02M
VZ icon
30
Verizon
VZ
$196B
$87.1M 0.64%
1,630,515
-1,142,100
-41% -$60.5M
PFE icon
31
Pfizer
PFE
$153B
$86.7M 0.63%
2,074,510
+15,704
+0.8% +$605K
T icon
32
AT&T
T
$163B
$86.1M 0.63%
3,393,539
+20,787
+0.6% +$509K
BAC icon
33
Bank of America
BAC
$442B
$81.5M 0.6%
2,767,935
-23,900
-0.9% -$728K
SYK icon
34
Stryker
SYK
$130B
$79.5M 0.58%
447,496
-2,700
-0.6% -$461K
ORCL icon
35
Oracle
ORCL
$423B
$76.6M 0.56%
1,484,960
-40,000
-3% -$1.94M
IJH icon
36
iShares Core S&P Mid-Cap ETF
IJH
$127B
$76.5M 0.56%
1,899,755
+50,755
+3% +$2.04M
UNH icon
37
UnitedHealth
UNH
$370B
$76.3M 0.56%
286,813
+2,300
+0.8% +$598K
DIS icon
38
Walt Disney
DIS
$181B
$74.7M 0.55%
638,553
+3,000
+0.5% +$334K
IBM icon
39
IBM
IBM
$224B
$72.7M 0.53%
502,589
+20,083
+4% +$2.81M
PM icon
40
Philip Morris
PM
$295B
$70.9M 0.52%
869,965
+2,900
+0.3% +$238K
CVX icon
41
Chevron
CVX
$366B
$69.8M 0.51%
570,968
+5,200
+0.9% +$631K
AMD icon
42
Advanced Micro Devices
AMD
$789B
$69.7M 0.51%
2,255,600
+1,011,700
+81% +$22.8M
PG icon
43
Procter & Gamble
PG
$339B
$69.2M 0.51%
831,703
-2,800
-0.3% -$229K
FTAI icon
44
FTAI Aviation
FTAI
$22.2B
$68.7M 0.5%
4,422,777
– –
CSCO icon
45
Cisco
CSCO
$479B
$66.3M 0.48%
1,362,091
-30,300
-2% -$1.36M
ACN icon
46
Accenture
ACN
$108B
$65.4M 0.48%
384,186
+500
+0.1% +$83.2K
ILMN icon
47
Illumina
ILMN
$28.4B
$63.8M 0.47%
178,625
+205
+0.1% +$65.7K
MA icon
48
Mastercard
MA
$493B
$62.7M 0.46%
281,778
+2,800
+1% +$584K
MO icon
49
Altria Group
MO
$114B
$62.2M 0.45%
1,030,702
+1,300
+0.1% +$77.2K
ABBV icon
50
AbbVie
ABBV
$435B
$61.9M 0.45%
654,003
+2,500
+0.4% +$237K
1
2
3 4 5

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.