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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
SYK icon
26
Stryker
SYK
$129B
$83.6M 0.76%
406,596
-15,000
-4% -$2.86M
CMCSA icon
27
Comcast
CMCSA
$89.3B
$81M 0.73%
1,915,822
-217,200
-10% -$9.16M
IBM icon
28
IBM
IBM
$220B
$81M 0.73%
614,407
-46,233
-7% -$6.07M
ACN icon
29
Accenture
ACN
$105B
$79.8M 0.72%
431,886
-31,000
-7% -$5.57M
GOOG icon
30
Alphabet (Google) Class C
GOOG
$4.36T
$79.4M 0.72%
1,468,340
-304,000
-17% -$17.5M
EG icon
31
Everest Group
EG
$14.2B
$78.3M 0.71%
316,800
-494,900
-61% -$119M
XOM icon
32
ExxonMobil
XOM
$642B
$77.6M 0.7%
1,012,932
-208,100
-17% -$16.1M
LMT icon
33
Lockheed Martin
LMT
$135B
$76.3M 0.69%
209,818
-12,000
-5% -$4.01M
XLF icon
34
State Street Financial Select Sector SPDR ETF
XLF
$58.4B
$73.6M 0.67%
2,664,900
– –
PM icon
35
Philip Morris
PM
$293B
$73.3M 0.66%
933,065
-75,500
-7% -$6.24M
UNH icon
36
UnitedHealth
UNH
$367B
$72.1M 0.65%
295,513
-49,000
-14% -$11.8M
ORCL icon
37
Oracle
ORCL
$413B
$66.7M 0.6%
1,170,960
-153,400
-12% -$8.3M
USB icon
38
US Bancorp
USB
$99.4B
$65.7M 0.59%
1,253,342
-75,300
-6% -$3.88M
ZTS icon
39
Zoetis
ZTS
$32.4B
$62.9M 0.57%
554,592
-23,400
-4% -$2.45M
BAC icon
40
Bank of America
BAC
$441B
$61.4M 0.56%
2,117,035
-471,600
-18% -$13.6M
PFE icon
41
Pfizer
PFE
$149B
$60.9M 0.55%
1,481,319
-285,423
-16% -$11.3M
T icon
42
AT&T
T
$162B
$60.7M 0.55%
2,398,468
-466,048
-16% -$11.2M
ADBE icon
43
Adobe
ADBE
$103B
$60.4M 0.55%
205,133
-23,700
-10% -$6.58M
AMGN icon
44
Amgen
AMGN
$219B
$57.2M 0.52%
310,394
-33,300
-10% -$5.96M
MO icon
45
Altria Group
MO
$113B
$57.1M 0.52%
1,205,702
-92,300
-7% -$4.83M
FTAI icon
46
FTAI Aviation
FTAI
$22.7B
$57M 0.52%
4,422,777
– –
CVX icon
47
Chevron
CVX
$371B
$56.8M 0.51%
456,068
-91,500
-17% -$11.1M
MRK icon
48
Merck
MRK
$317B
$55M 0.5%
686,911
-133,620
-16% -$10.2M
JCI icon
49
Johnson Controls International
JCI
$93.6B
$53.8M 0.49%
1,301,187
-72,500
-5% -$2.79M
ADP icon
50
Automatic Data Processing
ADP
$109B
$53.3M 0.48%
322,181
-21,400
-6% -$3.48M
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 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.