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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
DISCK
526
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.05M 0.02%
83,446
-2,900
-3% -$78.3K
PTC icon
527
PTC
PTC
$16B
$2.05M 0.02%
30,039
-600
-2% -$43.8K
DEI icon
528
Douglas Emmett
DEI
$1.96B
$2.05M 0.02%
47,800
-100
-0.2% -$4.13K
VIAB
529
DELISTED
Viacom Inc. Class B
VIAB
$2.04M 0.02%
85,104
+400
+0.5% +$11.2K
FIVE icon
530
Five Below
FIVE
$13.5B
$2.04M 0.02%
16,200
-400
-2% -$48.6K
HRC
531
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$2.04M 0.02%
19,350
-400
-2% -$42.2K
GNTX icon
532
Gentex
GNTX
$5.07B
$2.04M 0.02%
73,900
-1,800
-2% -$47.6K
FFIV icon
533
F5
FFIV
$22.7B
$2.03M 0.02%
14,472
+200
+1% +$27.7K
CTLT
534
DELISTED
CATALENT, INC.
CTLT
$2.02M 0.02%
42,400
-700
-2% -$37.6K
IPG
535
DELISTED
Interpublic Group of Companies
IPG
$2.01M 0.02%
93,129
+500
+0.5% +$10.8K
MOH icon
536
Molina Healthcare
MOH
$10.3B
$2M 0.02%
18,200
-300
-2% -$38.9K
OC icon
537
Owens Corning
OC
$12.4B
$2M 0.02%
+31,600
New +$1.81M
ETSY icon
538
Etsy
ETSY
$7.85B
$1.97M 0.02%
+34,900
New +$2.05M
DISH
539
DELISTED
DISH Network Corp.
DISH
$1.97M 0.02%
57,800
+2,600
+5% +$93.1K
NOV icon
540
NOV
NOV
$7B
$1.97M 0.02%
92,778
+400
+0.4% +$8.53K
BEN icon
541
Franklin Resources
BEN
$17.2B
$1.96M 0.02%
67,860
-2,600
-4% -$79.5K
DINO icon
542
HF Sinclair
DINO
$14.5B
$1.95M 0.02%
36,400
-1,200
-3% -$58.2K
ORI icon
543
Old Republic International
ORI
$10.4B
$1.95M 0.02%
82,727
-1,600
-2% -$36.5K
ABMD
544
DELISTED
Abiomed Inc
ABMD
$1.94M 0.02%
10,900
+100
+0.9% +$21.6K
DCI icon
545
Donaldson
DCI
$11.4B
$1.93M 0.02%
37,020
-700
-2% -$34.6K
RS icon
546
Reliance Steel & Aluminium
RS
$21.6B
$1.92M 0.02%
19,300
-600
-3% -$58.6K
ALK icon
547
Alaska Air
ALK
$5.58B
$1.92M 0.02%
29,596
– –
CHE icon
548
Chemed
CHE
$7.22B
$1.92M 0.02%
4,600
-100
-2% -$40.8K
FAF icon
549
First American
FAF
$7.58B
$1.92M 0.02%
32,500
-700
-2% -$40.1K
ACC
550
DELISTED
American Campus Communities, Inc.
ACC
$1.92M 0.02%
39,900
-700
-2% -$33.1K
20 21
22
23 24

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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.