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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
FDS icon
476
Factset
FDS
$10.2B
$3.18M 0.02%
14,200
-100
-0.7% -$21.7K
M icon
477
Macy's
M
$6.68B
$3.17M 0.02%
91,430
+700
+0.8% +$26K
DISCK
478
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$3.17M 0.02%
107,146
+6,000
+6% +$156K
NKTR icon
479
Nektar Therapeutics
NKTR
$2.58B
$3.13M 0.02%
3,427
+247
+8% +$211K
BURL icon
480
Burlington
BURL
$23.2B
$3.13M 0.02%
19,200
– –
NVR icon
481
NVR
NVR
$17B
$3.12M 0.02%
1,264
– –
JBHT icon
482
JB Hunt Transport Services
JBHT
$25.2B
$3.1M 0.02%
26,076
+700
+3% +$85.2K
PKG icon
483
Packaging Corp of America
PKG
$22.8B
$3.09M 0.02%
28,200
+300
+1% +$33.8K
SNA icon
484
Snap-on
SNA
$21.5B
$3.09M 0.02%
16,835
+100
+0.6% +$17.4K
JNPR
485
DELISTED
Juniper Networks
JNPR
$3.08M 0.02%
102,696
-700
-0.7% -$19.6K
VAR
486
DELISTED
Varian Medical Systems, Inc.
VAR
$3.05M 0.02%
27,254
+200
+0.7% +$22.6K
CPRI icon
487
Capri Holdings
CPRI
$1.74B
$3.05M 0.02%
44,448
+100
+0.2% +$7K
DRE
488
DELISTED
Duke Realty Corp.
DRE
$3.02M 0.02%
106,500
+800
+0.8% +$22.9K
LKQ icon
489
LKQ Corp
LKQ
$6.29B
$3M 0.02%
94,752
+3,100
+3% +$103K
CDK
490
DELISTED
CDK Global, Inc.
CDK
$3M 0.02%
47,900
+2,300
+5% +$146K
SEIC icon
491
SEI Investments
SEIC
$12.6B
$2.98M 0.02%
48,700
+400
+0.8% +$24.8K
LNT icon
492
Alliant Energy
LNT
$18B
$2.96M 0.02%
69,656
+1,100
+2% +$47.3K
CTRA
493
DELISTED
Coterra Energy
CTRA
$2.96M 0.02%
131,432
-2,200
-2% -$51.3K
SCI icon
494
Service Corp International
SCI
$11.6B
$2.95M 0.02%
66,700
-800
-1% -$32.3K
NDAQ icon
495
Nasdaq
NDAQ
$52.9B
$2.94M 0.02%
102,933
-900
-0.9% -$27.7K
IRM icon
496
Iron Mountain
IRM
$36.1B
$2.94M 0.02%
85,246
+1,900
+2% +$67.7K
WPX
497
DELISTED
WPX Energy, Inc.
WPX
$2.94M 0.02%
146,000
-1,200
-0.8% -$22.2K
LII icon
498
Lennox International
LII
$15.2B
$2.93M 0.02%
13,400
-300
-2% -$65.3K
ZION icon
499
Zions Bancorporation
ZION
$10.3B
$2.9M 0.02%
57,906
-500
-0.9% -$26.4K
AFG icon
500
American Financial Group
AFG
$12.1B
$2.88M 0.02%
25,990
+400
+2% +$44.5K
18 19
20
21 22

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.