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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
NLSN
551
DELISTED
Nielsen Holdings plc
NLSN
$1.92M 0.02%
85,144
-17,300
-17% -$418K
DCI icon
552
Donaldson
DCI
$11.4B
$1.92M 0.02%
37,720
-7,900
-17% -$402K
FBIN icon
553
Fortune Brands Innovations
FBIN
$6.06B
$1.91M 0.02%
39,153
-8,190
-17% -$364K
DEI icon
554
Douglas Emmett
DEI
$1.96B
$1.91M 0.02%
47,900
-9,700
-17% -$397K
EXEL icon
555
Exelixis
EXEL
$13.4B
$1.91M 0.02%
89,300
-17,700
-17% -$371K
JBHT icon
556
JB Hunt Transport Services
JBHT
$25.2B
$1.91M 0.02%
20,876
-4,200
-17% -$396K
QRVO icon
557
Qorvo
QRVO
$8.74B
$1.9M 0.02%
28,524
-6,900
-19% -$479K
JLL icon
558
Jones Lang LaSalle
JLL
$16.7B
$1.9M 0.02%
13,500
-2,800
-17% -$398K
ALK icon
559
Alaska Air
ALK
$5.58B
$1.89M 0.02%
29,596
-5,900
-17% -$359K
ORI icon
560
Old Republic International
ORI
$10.4B
$1.89M 0.02%
84,327
-17,100
-17% -$376K
RS icon
561
Reliance Steel & Aluminium
RS
$21.6B
$1.88M 0.02%
19,900
-4,000
-17% -$358K
ACC
562
DELISTED
American Campus Communities, Inc.
ACC
$1.87M 0.02%
40,600
-8,200
-17% -$385K
KIM icon
563
Kimco Realty
KIM
$16.4B
$1.87M 0.02%
101,038
-20,400
-17% -$369K
WWD icon
564
Woodward
WWD
$21.4B
$1.87M 0.02%
16,500
-3,400
-17% -$364K
GNTX icon
565
Gentex
GNTX
$5.07B
$1.86M 0.02%
75,700
-16,700
-18% -$378K
NFE icon
566
New Fortress Energy
NFE
$101M
$1.86M 0.02%
+159,000
New +$1.83M
EHC icon
567
Encompass Health
EHC
$12.4B
$1.86M 0.02%
36,830
-7,416
-17% -$360K
CPB icon
568
Campbell Soup
CPB
$6.87B
$1.85M 0.02%
46,159
-9,400
-17% -$369K
KSS icon
569
Kohl's
KSS
$2.19B
$1.84M 0.02%
38,810
-8,800
-18% -$531K
BIO icon
570
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.84M 0.02%
5,900
-1,300
-18% -$389K
HAE icon
571
Haemonetics
HAE
$4B
$1.83M 0.02%
15,200
-3,000
-16% -$295K
SABR icon
572
Sabre
SABR
$835M
$1.8M 0.02%
81,300
-16,900
-17% -$362K
AIV
573
Aimco
AIV
$383M
$1.79M 0.02%
267,618
-78,070
-23% -$522K
ARW icon
574
Arrow Electronics
ARW
$10.4B
$1.79M 0.02%
25,062
-5,200
-17% -$383K
ALB icon
575
Albemarle
ALB
$15.5B
$1.78M 0.02%
25,340
-5,100
-17% -$376K
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 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.