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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
CMCSA icon
26
Comcast
CMCSA
$90B
$86.6M 0.78%
1,921,922
+6,100
+0.3% +$270K
IBM icon
27
IBM
IBM
$224B
$85.5M 0.77%
615,139
+732
+0.1% +$98.7K
EG icon
28
Everest Group
EG
$14.4B
$84.3M 0.76%
316,800
– –
EXC icon
29
Exelon
EXC
$47B
$83.8M 0.76%
2,430,503
+2,104,542
+646% +$70.7M
ACN icon
30
Accenture
ACN
$108B
$83.2M 0.75%
432,386
+500
+0.1% +$96.8K
LMT icon
31
Lockheed Martin
LMT
$136B
$82.2M 0.74%
210,718
+900
+0.4% +$338K
HON icon
32
Honeywell
HON
$78B
$81.1M 0.73%
508,856
-1,273
-0.2% -$202K
CSCO icon
33
Cisco
CSCO
$479B
$80.9M 0.73%
1,638,291
-4,200
-0.3% -$218K
XLF icon
34
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$74.6M 0.68%
2,664,900
– –
XOM icon
35
ExxonMobil
XOM
$634B
$71.8M 0.65%
1,017,232
+4,300
+0.4% +$311K
PM icon
36
Philip Morris
PM
$295B
$71M 0.64%
934,665
+1,600
+0.2% +$127K
UNH icon
37
UnitedHealth
UNH
$370B
$69.3M 0.63%
318,813
+23,300
+8% +$5.62M
ZTS icon
38
Zoetis
ZTS
$30B
$69.1M 0.63%
554,792
+200
+0% +$24.1K
T icon
39
AT&T
T
$163B
$68.9M 0.62%
2,411,046
+12,578
+0.5% +$333K
USB icon
40
US Bancorp
USB
$99.6B
$68.6M 0.62%
1,239,842
-13,500
-1% -$730K
ORCL icon
41
Oracle
ORCL
$423B
$61.6M 0.56%
1,119,360
-51,600
-4% -$2.85M
AMGN icon
42
Amgen
AMGN
$222B
$59.7M 0.54%
308,594
-1,800
-0.6% -$346K
RTN
43
DELISTED
Raytheon Company
RTN
$59M 0.53%
300,936
+300
+0.1% +$55.6K
BAC icon
44
Bank of America
BAC
$442B
$58.8M 0.53%
2,014,135
-102,900
-5% -$2.96M
FTAI icon
45
FTAI Aviation
FTAI
$22.2B
$57.2M 0.52%
4,422,777
– –
JCI icon
46
Johnson Controls International
JCI
$92.2B
$57.1M 0.52%
1,301,987
+800
+0.1% +$33.9K
ADBE icon
47
Adobe
ADBE
$105B
$56.6M 0.51%
205,033
-100
-0% -$29.2K
MRK icon
48
Merck
MRK
$318B
$55.1M 0.5%
686,072
-839
-0.1% -$67.2K
ABBV icon
49
AbbVie
ABBV
$435B
$54.4M 0.49%
718,103
+1,500
+0.2% +$103K
GPN icon
50
Global Payments
GPN
$22.8B
$54.4M 0.49%
341,936
+96,472
+39% +$15.7M
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 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.