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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
ALLE icon
476
Allegion
ALLE
$14.4B
$2.49M 0.02%
22,485
-4,700
-17% -$470K
GGG icon
477
Graco
GGG
$13.5B
$2.47M 0.02%
49,300
-9,600
-16% -$484K
CF icon
478
CF Industries
CF
$17.3B
$2.47M 0.02%
52,925
-11,300
-18% -$490K
JKHY icon
479
Jack Henry & Associates
JKHY
$11.1B
$2.47M 0.02%
18,450
-3,800
-17% -$525K
HWM icon
480
Howmet Aerospace
HWM
$112B
$2.47M 0.02%
124,707
-37,425
-23% -$632K
DISCK
481
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.46M 0.02%
86,346
-17,500
-17% -$475K
BEN icon
482
Franklin Resources
BEN
$17.2B
$2.45M 0.02%
70,460
-14,700
-17% -$500K
TYL icon
483
Tyler Technologies
TYL
$12.8B
$2.44M 0.02%
11,300
-2,400
-18% -$521K
CGNX icon
484
Cognex
CGNX
$11.3B
$2.43M 0.02%
50,700
-10,200
-17% -$490K
TER icon
485
Teradyne
TER
$59.3B
$2.43M 0.02%
50,700
-11,200
-18% -$508K
TIF
486
DELISTED
Tiffany & Co.
TIF
$2.42M 0.02%
25,834
-5,400
-17% -$537K
CY
487
DELISTED
Cypress Semiconductor
CY
$2.41M 0.02%
108,300
-21,400
-16% -$388K
CSL icon
488
Carlisle Companies
CSL
$15.4B
$2.38M 0.02%
16,920
-3,500
-17% -$471K
RPM icon
489
RPM International
RPM
$15B
$2.37M 0.02%
38,818
-8,100
-17% -$478K
OLED icon
490
Universal Display
OLED
$4.19B
$2.37M 0.02%
12,600
-2,500
-17% -$416K
VTRS icon
491
Viatris
VTRS
$18.9B
$2.35M 0.02%
123,409
-25,200
-17% -$557K
AVY icon
492
Avery Dennison
AVY
$13.4B
$2.34M 0.02%
20,226
-134,000
-87% -$14.7M
CTLT
493
DELISTED
CATALENT, INC.
CTLT
$2.34M 0.02%
43,100
-8,800
-17% -$403K
TECH icon
494
Bio-Techne
TECH
$11.3B
$2.33M 0.02%
44,800
-9,200
-17% -$464K
OHI icon
495
Omega Healthcare
OHI
$14.7B
$2.33M 0.02%
63,500
-9,300
-13% -$339K
RNR icon
496
RenaissanceRe
RNR
$13.4B
$2.33M 0.02%
13,100
-1,900
-13% -$312K
CTRA
497
DELISTED
Coterra Energy
CTRA
$2.33M 0.02%
101,332
-20,700
-17% -$527K
ATR icon
498
AptarGroup
ATR
$8.61B
$2.33M 0.02%
18,700
-3,700
-17% -$422K
BRO icon
499
Brown & Brown
BRO
$23.9B
$2.32M 0.02%
69,300
-13,500
-16% -$428K
J icon
500
Jacobs Solutions
J
$17B
$2.32M 0.02%
33,260
-7,616
-19% -$492K
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 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.