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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
EMN icon
476
Eastman Chemical
EMN
$8.42B
$2.43M 0.02%
32,970
-200
-0.6% -$14.4K
CGNX icon
477
Cognex
CGNX
$11.3B
$2.43M 0.02%
49,500
-1,200
-2% -$54.1K
VNO icon
478
Vornado Realty Trust
VNO
$7.38B
$2.42M 0.02%
38,050
-3,500
-8% -$220K
HWM icon
479
Howmet Aerospace
HWM
$112B
$2.42M 0.02%
121,447
-3,260
-3% -$64.2K
WHR icon
480
Whirlpool
WHR
$2.82B
$2.42M 0.02%
15,289
+100
+0.7% +$14.4K
TIF
481
DELISTED
Tiffany & Co.
TIF
$2.42M 0.02%
26,134
+300
+1% +$27.1K
PKG icon
482
Packaging Corp of America
PKG
$22.8B
$2.42M 0.02%
22,800
+200
+0.9% +$20.3K
NRG icon
483
NRG Energy
NRG
$24.8B
$2.41M 0.02%
60,868
-3,100
-5% -$112K
CSL icon
484
Carlisle Companies
CSL
$15.4B
$2.39M 0.02%
16,420
-500
-3% -$70.2K
MRO
485
DELISTED
Marathon Oil Corporation
MRO
$2.37M 0.02%
193,340
-2,500
-1% -$32.3K
CMA
486
DELISTED
Comerica
CMA
$2.37M 0.02%
35,876
-1,000
-3% -$66.2K
WU icon
487
Western Union
WU
$2.21B
$2.36M 0.02%
101,926
-1,200
-1% -$25.9K
LPT
488
DELISTED
Liberty Property Trust
LPT
$2.35M 0.02%
45,800
+1,900
+4% +$97.9K
RGLD icon
489
Royal Gold
RGLD
$19.5B
$2.34M 0.02%
19,000
-400
-2% -$48.7K
POOL icon
490
Pool Corp
POOL
$7.5B
$2.34M 0.02%
11,600
-200
-2% -$38.6K
AFG icon
491
American Financial Group
AFG
$12.1B
$2.34M 0.02%
21,690
+700
+3% +$72.5K
DVN icon
492
Devon Energy
DVN
$47.3B
$2.34M 0.02%
97,163
-2,200
-2% -$55.1K
ALLE icon
493
Allegion
ALLE
$14.4B
$2.33M 0.02%
22,485
– –
LKQ icon
494
LKQ Corp
LKQ
$6.29B
$2.33M 0.02%
74,052
-1,100
-1% -$30.1K
URI icon
495
United Rentals
URI
$72.4B
$2.32M 0.02%
18,600
-200
-1% -$24.2K
APA icon
496
APA Corp
APA
$13.2B
$2.31M 0.02%
90,394
+400
+0.4% +$9.6K
GL icon
497
Globe Life
GL
$14.3B
$2.31M 0.02%
24,110
-100
-0.4% -$9.08K
AVY icon
498
Avery Dennison
AVY
$13.4B
$2.3M 0.02%
20,226
– –
JBHT icon
499
JB Hunt Transport Services
JBHT
$25.2B
$2.28M 0.02%
20,576
-300
-1% -$30.9K
RVTY icon
500
Revvity
RVTY
$12.8B
$2.28M 0.02%
26,729
-135,800
-84% -$11.9M
18 19
20
21 22

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FAM
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BA
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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)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.