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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
GRMN
501
Garmin
GRMN
$60B
$2.32M 0.02%
29,062
-5,900
-17% -$483K
FRT icon
502
Federal Realty Investment Trust
FRT
$10.3B
$2.31M 0.02%
17,916
-3,500
-16% -$464K
POOL icon
503
Pool Corp
POOL
$7.5B
$2.25M 0.02%
11,800
-2,200
-16% -$397K
NRG icon
504
NRG Energy
NRG
$24.8B
$2.25M 0.02%
63,968
-17,000
-21% -$641K
WRK
505
DELISTED
WestRock Company
WRK
$2.24M 0.02%
61,502
-12,100
-16% -$445K
HII icon
506
Huntington Ingalls Industries
HII
$12.8B
$2.23M 0.02%
9,900
-2,100
-18% -$450K
LW icon
507
Lamb Weston
LW
$7.19B
$2.22M 0.02%
35,000
-7,200
-17% -$475K
KRC icon
508
Kilroy Realty
KRC
$4.42B
$2.21M 0.02%
29,900
-6,100
-17% -$464K
BF.B icon
509
Brown-Forman Class B
BF.B
$13.1B
$2.21M 0.02%
39,792
-8,100
-17% -$432K
TPR icon
510
Tapestry
TPR
$32.8B
$2.2M 0.02%
69,447
-14,100
-17% -$440K
LPT
511
DELISTED
Liberty Property Trust
LPT
$2.2M 0.02%
43,900
-8,800
-17% -$431K
JNPR
512
DELISTED
Juniper Networks
JNPR
$2.19M 0.02%
82,396
-17,900
-18% -$479K
SNA icon
513
Snap-on
SNA
$21.5B
$2.19M 0.02%
13,235
-2,800
-17% -$455K
MHK icon
514
Mohawk Industries
MHK
$9.22B
$2.17M 0.02%
14,736
-3,000
-17% -$415K
GL icon
515
Globe Life
GL
$14.3B
$2.17M 0.02%
24,210
-5,000
-17% -$436K
WHR icon
516
Whirlpool
WHR
$2.82B
$2.16M 0.02%
15,189
-3,100
-17% -$416K
MASI
517
DELISTED
Masimo
MASI
$2.16M 0.02%
14,500
-2,900
-17% -$398K
NDSN icon
518
Nordson
NDSN
$17.3B
$2.16M 0.02%
15,260
-3,100
-17% -$427K
PKG icon
519
Packaging Corp of America
PKG
$22.8B
$2.15M 0.02%
22,600
-4,600
-17% -$444K
AFG icon
520
American Financial Group
AFG
$12.1B
$2.15M 0.02%
20,990
-4,200
-17% -$422K
IRM icon
521
Iron Mountain
IRM
$36.1B
$2.15M 0.02%
68,646
-13,900
-17% -$456K
MOS icon
522
The Mosaic Company
MOS
$7.33B
$2.13M 0.02%
84,982
-17,200
-17% -$420K
SEIC icon
523
SEI Investments
SEIC
$12.6B
$2.13M 0.02%
37,900
-8,100
-18% -$437K
DISH
524
DELISTED
DISH Network Corp.
DISH
$2.12M 0.02%
55,200
-10,900
-16% -$387K
TTC icon
525
Toro Company
TTC
$9.49B
$2.11M 0.02%
31,500
-6,300
-17% -$442K
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 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.