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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
NGG icon
526
National Grid
NGG
$81.3B
$2.1M 0.02%
44,764
– –
HUBB icon
527
Hubbell
HUBB
$27.2B
$2.1M 0.02%
16,114
-3,300
-17% -$407K
IPG
528
DELISTED
Interpublic Group of Companies
IPG
$2.09M 0.02%
92,629
-18,300
-16% -$407K
BWA icon
529
BorgWarner
BWA
$13.9B
$2.08M 0.02%
56,341
-11,701
-17% -$415K
FFIV icon
530
F5
FFIV
$22.7B
$2.08M 0.02%
14,272
-2,900
-17% -$434K
HRC
531
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$2.07M 0.02%
19,750
-4,000
-17% -$405K
NOV icon
532
NOV
NOV
$7B
$2.05M 0.02%
92,378
-18,100
-16% -$437K
WU icon
533
Western Union
WU
$2.21B
$2.05M 0.02%
103,126
-22,500
-18% -$439K
POST icon
534
Post Holdings
POST
$3.57B
$2.05M 0.02%
30,102
-6,112
-17% -$430K
CZR
535
DELISTED
Caesars Entertainment Corporation
CZR
$2.05M 0.02%
173,200
-34,600
-17% -$328K
CRL icon
536
Charles River Laboratories
CRL
$12.8B
$2.04M 0.02%
14,400
-2,800
-16% -$380K
MPT
537
Medical Properties Trust
MPT
$2.81B
$2.04M 0.02%
116,800
-19,000
-14% -$342K
EWBC icon
538
East-West Bancorp
EWBC
$18B
$2.02M 0.02%
43,100
-8,600
-17% -$412K
ZION icon
539
Zions Bancorporation
ZION
$10.3B
$2.01M 0.02%
43,706
-9,900
-18% -$458K
LKQ icon
540
LKQ Corp
LKQ
$6.29B
$2M 0.02%
75,152
-15,600
-17% -$437K
FIVE icon
541
Five Below
FIVE
$13.5B
$1.99M 0.02%
16,600
-3,300
-17% -$434K
RGLD icon
542
Royal Gold
RGLD
$19.5B
$1.99M 0.02%
19,400
-4,000
-17% -$360K
STLD icon
543
Steel Dynamics
STLD
$37.6B
$1.99M 0.02%
65,800
-16,000
-20% -$489K
SBNY
544
DELISTED
Signature Bank
SBNY
$1.97M 0.02%
16,300
-3,300
-17% -$408K
IVZ icon
545
Invesco
IVZ
$13.9B
$1.96M 0.02%
95,855
-18,600
-16% -$386K
WOLF icon
546
Wolfspeed
WOLF
$1.71B
$1.96M 0.02%
34,830
-5,600
-14% -$342K
DNKN
547
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.95M 0.02%
24,500
-5,000
-17% -$380K
SON icon
548
Sonoco
SON
$5.74B
$1.94M 0.02%
29,611
-6,000
-17% -$379K
CONE
549
DELISTED
CyrusOne Inc Common Stock
CONE
$1.93M 0.02%
33,500
-5,100
-13% -$299K
PHM icon
550
Pultegroup
PHM
$25.3B
$1.93M 0.02%
61,009
-12,500
-17% -$390K
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 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.