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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
XPO icon
551
XPO
XPO
$23.7B
$1.91M 0.02%
77,200
-1,446
-2% -$33.4K
DNKN
552
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.91M 0.02%
24,000
-500
-2% -$40.6K
CPB icon
553
Campbell Soup
CPB
$6.87B
$1.9M 0.02%
40,559
-5,600
-12% -$242K
KSS icon
554
Kohl's
KSS
$2.19B
$1.9M 0.02%
38,210
-600
-2% -$29.4K
STLD icon
555
Steel Dynamics
STLD
$37.6B
$1.9M 0.02%
63,700
-2,100
-3% -$62K
SBNY
556
DELISTED
Signature Bank
SBNY
$1.9M 0.02%
15,900
-400
-2% -$48.4K
ZION icon
557
Zions Bancorporation
ZION
$10.3B
$1.89M 0.02%
42,506
-1,200
-3% -$51.9K
CABO icon
558
Cable One
CABO
$212M
$1.88M 0.02%
1,500
– –
CRL icon
559
Charles River Laboratories
CRL
$12.8B
$1.88M 0.02%
14,200
-200
-1% -$26.8K
CZR
560
DELISTED
Caesars Entertainment Corporation
CZR
$1.88M 0.02%
161,200
-12,000
-7% -$141K
EWBC icon
561
East-West Bancorp
EWBC
$18B
$1.87M 0.02%
42,200
-900
-2% -$39.5K
AIV
562
Aimco
AIV
$383M
$1.86M 0.02%
268,368
+750
+0.3% +$5.08K
HAE icon
563
Haemonetics
HAE
$4B
$1.85M 0.02%
14,700
-500
-3% -$63.5K
AIZ icon
564
Assurant
AIZ
$14.3B
$1.84M 0.02%
14,657
-100
-0.7% -$11.9K
FBIN icon
565
Fortune Brands Innovations
FBIN
$6.06B
$1.84M 0.02%
39,387
+234
+0.6% +$10.6K
PRGO icon
566
Perrigo
PRGO
$1.78B
$1.83M 0.02%
32,722
+2,800
+9% +$143K
BWA icon
567
BorgWarner
BWA
$13.9B
$1.82M 0.02%
56,455
+114
+0.2% +$3.67K
MPWR icon
568
Monolithic Power Systems
MPWR
$68.9B
$1.82M 0.02%
11,700
– –
NLSN
569
DELISTED
Nielsen Holdings plc
NLSN
$1.82M 0.02%
85,544
+400
+0.5% +$8.83K
GWR
570
DELISTED
Genesee & Wyoming Inc.
GWR
$1.81M 0.02%
16,400
-300
-2% -$33K
EHC icon
571
Encompass Health
EHC
$12.4B
$1.81M 0.02%
35,950
-880
-2% -$44.2K
PRAH
572
DELISTED
PRA Health Sciences, Inc.
PRAH
$1.81M 0.02%
18,200
+700
+4% +$69.5K
UPWK icon
573
Upwork
UPWK
$1.19B
$1.8M 0.02%
+135,557
New +$2.07M
ARW icon
574
Arrow Electronics
ARW
$10.4B
$1.8M 0.02%
24,162
-900
-4% -$63.6K
TPR icon
575
Tapestry
TPR
$32.8B
$1.8M 0.02%
68,947
-500
-0.7% -$13.2K
21 22
23
24 25

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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
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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.