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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
QRVO icon
501
Qorvo
QRVO
$8.74B
$2.88M 0.02%
37,424
– –
GGG icon
502
Graco
GGG
$13.5B
$2.86M 0.02%
61,800
+100
+0.2% +$4.66K
TECH icon
503
Bio-Techne
TECH
$11.3B
$2.86M 0.02%
56,000
+800
+1% +$35.4K
EHC icon
504
Encompass Health
EHC
$12.4B
$2.85M 0.02%
46,006
+251
+0.5% +$15.3K
WRB icon
505
W.R. Berkley
WRB
$26.6B
$2.84M 0.02%
119,998
+675
+0.6% +$15.3K
HWM icon
506
Howmet Aerospace
HWM
$112B
$2.82M 0.02%
166,956
+2,868
+2% +$45.6K
IVZ icon
507
Invesco
IVZ
$13.9B
$2.8M 0.02%
122,455
+800
+0.7% +$20K
DCI icon
508
Donaldson
DCI
$11.4B
$2.78M 0.02%
47,720
-100
-0.2% -$5.02K
LYV icon
509
Live Nation Entertainment
LYV
$42.1B
$2.78M 0.02%
51,000
+1,000
+2% +$50.6K
FRT icon
510
Federal Realty Investment Trust
FRT
$10.3B
$2.77M 0.02%
21,916
+200
+0.9% +$25.4K
BEN icon
511
Franklin Resources
BEN
$17.2B
$2.77M 0.02%
91,060
-3,300
-3% -$106K
AES icon
512
AES
AES
$10.5B
$2.76M 0.02%
197,205
+1,400
+0.7% +$18.9K
INGR icon
513
Ingredion
INGR
$6.58B
$2.76M 0.02%
26,300
-300
-1% -$30.6K
J icon
514
Jacobs Solutions
J
$17B
$2.72M 0.02%
42,932
-242
-0.6% -$14.2K
DVA icon
515
DaVita
DVA
$11.7B
$2.71M 0.02%
37,758
-3,600
-9% -$255K
HUBB icon
516
Hubbell
HUBB
$27.2B
$2.7M 0.02%
20,214
– –
NI icon
517
NiSource
NI
$20.4B
$2.7M 0.02%
108,202
+8,300
+8% +$220K
CSL icon
518
Carlisle Companies
CSL
$15.4B
$2.69M 0.02%
22,120
-300
-1% -$36.6K
NDSN icon
519
Nordson
NDSN
$17.3B
$2.69M 0.02%
19,360
+500
+3% +$67.9K
OGE icon
520
OGE Energy
OGE
$9.71B
$2.68M 0.02%
73,820
+300
+0.4% +$10.9K
GL icon
521
Globe Life
GL
$14.3B
$2.68M 0.02%
30,910
-400
-1% -$34.6K
FIVE icon
522
Five Below
FIVE
$13.5B
$2.68M 0.02%
20,600
+100
+0.5% +$11.1K
KRC icon
523
Kilroy Realty
KRC
$4.42B
$2.67M 0.02%
37,200
+800
+2% +$58.3K
BWA icon
524
BorgWarner
BWA
$13.9B
$2.66M 0.02%
70,655
+4,204
+6% +$165K
PRGO icon
525
Perrigo
PRGO
$1.78B
$2.66M 0.02%
37,522
-600
-2% -$45K
19 20
21
22 23

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.