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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
FRT icon
501
Federal Realty Investment Trust
FRT
$10.3B
$2.28M 0.02%
16,716
-1,200
-7% -$158K
PHM icon
502
Pultegroup
PHM
$25.3B
$2.27M 0.02%
62,009
+1,000
+2% +$33.3K
TTC icon
503
Toro Company
TTC
$9.49B
$2.27M 0.02%
30,900
-600
-2% -$42.9K
HSIC icon
504
Henry Schein
HSIC
$9.82B
$2.26M 0.02%
35,644
– –
WRK
505
DELISTED
WestRock Company
WRK
$2.26M 0.02%
61,902
+400
+0.7% +$14.3K
IRM icon
506
Iron Mountain
IRM
$36.1B
$2.24M 0.02%
69,046
+400
+0.6% +$12.6K
GGG icon
507
Graco
GGG
$13.5B
$2.23M 0.02%
48,400
-900
-2% -$42.5K
ATR icon
508
AptarGroup
ATR
$8.61B
$2.2M 0.02%
18,600
-100
-0.5% -$12.1K
QTRX icon
509
Quanterix
QTRX
$190M
$2.2M 0.02%
+100,269
New +$2.8M
SEIC icon
510
SEI Investments
SEIC
$12.6B
$2.18M 0.02%
36,800
-1,100
-3% -$63.6K
NDSN icon
511
Nordson
NDSN
$17.3B
$2.17M 0.02%
14,860
-400
-3% -$55.6K
TECH icon
512
Bio-Techne
TECH
$11.3B
$2.15M 0.02%
44,000
-800
-2% -$40.1K
NGG icon
513
National Grid
NGG
$81.3B
$2.14M 0.02%
44,764
– –
KIM icon
514
Kimco Realty
KIM
$16.4B
$2.12M 0.02%
101,438
+400
+0.4% +$7.61K
MASI
515
DELISTED
Masimo
MASI
$2.11M 0.02%
14,200
-300
-2% -$45.6K
POST icon
516
Post Holdings
POST
$3.57B
$2.11M 0.02%
30,407
+305
+1% +$20.8K
KRC icon
517
Kilroy Realty
KRC
$4.42B
$2.1M 0.02%
27,000
-2,900
-10% -$225K
QRVO icon
518
Qorvo
QRVO
$8.74B
$2.1M 0.02%
28,324
-200
-0.7% -$14.5K
HII icon
519
Huntington Ingalls Industries
HII
$12.8B
$2.1M 0.02%
9,900
– –
HUBB icon
520
Hubbell
HUBB
$27.2B
$2.08M 0.02%
15,814
-300
-2% -$38.7K
JLL icon
521
Jones Lang LaSalle
JLL
$16.7B
$2.07M 0.02%
14,900
+1,400
+10% +$194K
SNA icon
522
Snap-on
SNA
$21.5B
$2.07M 0.02%
13,235
– –
OLED icon
523
Universal Display
OLED
$4.19B
$2.06M 0.02%
12,300
-300
-2% -$60K
BIO icon
524
Bio-Rad Laboratories Class A
BIO
$9.42B
$2.06M 0.02%
6,200
+300
+5% +$97.9K
JNPR
525
DELISTED
Juniper Networks
JNPR
$2.06M 0.02%
83,096
+700
+0.8% +$17.6K
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 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.