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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
PNW icon
526
Pinnacle West Capital
PNW
$12.2B
$2.64M 0.02%
33,387
+200
+0.6% +$16.1K
EPD icon
527
Enterprise Products Partners
EPD
$81.7B
$2.64M 0.02%
92,000
– –
XEC
528
DELISTED
CIMAREX ENERGY CO
XEC
$2.64M 0.02%
28,380
+100
+0.4% +$9.18K
NWL icon
529
Newell Brands
NWL
$2.56B
$2.63M 0.02%
129,571
-14,200
-10% -$333K
IPG
530
DELISTED
Interpublic Group of Companies
IPG
$2.62M 0.02%
114,329
+200
+0.2% +$4.53K
EGN
531
DELISTED
Energen
EGN
$2.61M 0.02%
30,300
-5,600
-16% -$426K
NNN icon
532
NNN REIT
NNN
$8.99B
$2.6M 0.02%
58,100
+1,400
+2% +$63K
CC icon
533
Chemours
CC
$2.37B
$2.58M 0.02%
65,400
-100
-0.2% -$4.38K
ALLE icon
534
Allegion
ALLE
$14.4B
$2.56M 0.02%
28,285
+200
+0.7% +$16.9K
TER icon
535
Teradyne
TER
$59.3B
$2.55M 0.02%
69,000
-1,500
-2% -$60.4K
UNM icon
536
Unum
UNM
$14.3B
$2.55M 0.02%
65,169
-300
-0.5% -$11.2K
WU icon
537
Western Union
WU
$2.21B
$2.54M 0.02%
133,226
-3,200
-2% -$62.1K
BF.B icon
538
Brown-Forman Class B
BF.B
$13.1B
$2.54M 0.02%
50,192
-27,400
-35% -$1.42M
BRO icon
539
Brown & Brown
BRO
$23.9B
$2.53M 0.02%
85,700
+1,200
+1% +$35.7K
ALK icon
540
Alaska Air
ALK
$5.58B
$2.53M 0.02%
36,696
+200
+0.5% +$13K
FLIR
541
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$2.52M 0.02%
41,085
+500
+1% +$29.4K
GRMN
542
Garmin
GRMN
$60B
$2.52M 0.02%
35,962
+3,000
+9% +$197K
SLG icon
543
SL Green Realty
SLG
$3.99B
$2.52M 0.02%
26,660
-413
-2% -$40.8K
XRAY icon
544
Dentsply Sirona
XRAY
$2.43B
$2.5M 0.02%
66,266
-1,100
-2% -$45.8K
POOL icon
545
Pool Corp
POOL
$7.5B
$2.49M 0.02%
14,900
– –
MKTX icon
546
MarketAxess Holdings
MKTX
$5.72B
$2.48M 0.02%
13,900
– –
GKOS icon
547
Glaukos
GKOS
$10.6B
$2.48M 0.02%
+38,207
New +$1.87M
ATR icon
548
AptarGroup
ATR
$8.61B
$2.48M 0.02%
23,000
– –
FICO icon
549
Fair Isaac
FICO
$22.5B
$2.47M 0.02%
10,800
-200
-2% -$43.4K
CFR icon
550
Cullen/Frost Bankers
CFR
$10.2B
$2.46M 0.02%
23,600
+2,200
+10% +$244K
20 21
22
23 24

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.