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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
DISH
551
DELISTED
DISH Network Corp.
DISH
$2.44M 0.02%
68,300
+500
+0.7% +$17.2K
CTLT
552
DELISTED
CATALENT, INC.
CTLT
$2.44M 0.02%
53,600
+4,500
+9% +$190K
FLR icon
553
Fluor
FLR
$7.96B
$2.43M 0.02%
41,853
+200
+0.5% +$10.9K
WTRG icon
554
Essential Utilities
WTRG
$11.4B
$2.43M 0.02%
65,816
+300
+0.5% +$11.1K
OHI icon
555
Omega Healthcare
OHI
$14.7B
$2.43M 0.02%
74,100
+1,000
+1% +$31.8K
JLL icon
556
Jones Lang LaSalle
JLL
$16.7B
$2.42M 0.02%
16,800
– –
SABR icon
557
Sabre
SABR
$835M
$2.42M 0.02%
92,600
-500
-0.5% -$12.8K
POST icon
558
Post Holdings
POST
$3.57B
$2.41M 0.02%
37,589
-305
-0.8% -$18.7K
CRL icon
559
Charles River Laboratories
CRL
$12.8B
$2.4M 0.02%
17,800
+200
+1% +$24.7K
ARW icon
560
Arrow Electronics
ARW
$10.4B
$2.39M 0.02%
32,362
+100
+0.3% +$7.68K
PRAH
561
DELISTED
PRA Health Sciences, Inc.
PRAH
$2.36M 0.02%
21,400
+2,800
+15% +$292K
SBNY
562
DELISTED
Signature Bank
SBNY
$2.35M 0.02%
20,500
+700
+4% +$82.5K
ORI icon
563
Old Republic International
ORI
$10.4B
$2.35M 0.02%
105,127
+12,700
+14% +$274K
AYI icon
564
Acuity Brands
AYI
$10.8B
$2.34M 0.02%
14,900
-200
-1% -$28.7K
TTC icon
565
Toro Company
TTC
$9.49B
$2.33M 0.02%
38,900
-100
-0.3% -$6.08K
CONE
566
DELISTED
CyrusOne Inc Common Stock
CONE
$2.33M 0.02%
36,700
+200
+0.5% +$12.9K
CBSH icon
567
Commerce Bancshares
CBSH
$8.5B
$2.32M 0.02%
51,893
+887
+2% +$41.4K
HRC
568
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$2.32M 0.02%
24,550
+100
+0.4% +$9.39K
BIO icon
569
Bio-Rad Laboratories Class A
BIO
$9.42B
$2.32M 0.02%
7,400
-100
-1% -$31K
LPT
570
DELISTED
Liberty Property Trust
LPT
$2.31M 0.02%
54,700
+300
+0.6% +$13K
FIT
571
DELISTED
Fitbit, Inc. Class A common stock
FIT
$2.3M 0.02%
430,300
– –
AOS icon
572
A.O. Smith
AOS
$8.7B
$2.3M 0.02%
43,100
+100
+0.2% +$5.87K
EV
573
DELISTED
Eaton Vance Corp.
EV
$2.3M 0.02%
43,700
-200
-0.5% -$10.6K
RS icon
574
Reliance Steel & Aluminium
RS
$21.6B
$2.29M 0.02%
26,800
+200
+0.8% +$17.7K
DNKN
575
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$2.29M 0.02%
31,000
+400
+1% +$28.9K
21 22
23
24 25

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.