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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
WHR icon
576
Whirlpool
WHR
$2.82B
$2.28M 0.02%
19,189
+100
+0.5% +$13.3K
RL icon
577
Ralph Lauren
RL
$23.6B
$2.26M 0.02%
16,441
– –
DEI icon
578
Douglas Emmett
DEI
$1.96B
$2.25M 0.02%
59,700
+900
+2% +$35.1K
LECO icon
579
Lincoln Electric
LECO
$15.4B
$2.25M 0.02%
24,100
+1,400
+6% +$129K
HOG icon
580
Harley-Davidson
HOG
$2.71B
$2.25M 0.02%
49,677
+400
+0.8% +$17.4K
IDTI
581
DELISTED
Integrated Device Technology I
IDTI
$2.25M 0.02%
47,820
+200
+0.4% +$7.73K
CW icon
582
Curtiss-Wright
CW
$25.5B
$2.24M 0.02%
16,300
– –
JBLU icon
583
JetBlue
JBLU
$2.29B
$2.24M 0.02%
115,723
-900
-0.8% -$17.1K
HP icon
584
Helmerich & Payne
HP
$3.71B
$2.23M 0.02%
32,492
+300
+0.9% +$19.2K
LIVN icon
585
LivaNova
LIVN
$4.2B
$2.23M 0.02%
18,000
+1,900
+12% +$224K
FBIN icon
586
Fortune Brands Innovations
FBIN
$6.06B
$2.22M 0.02%
49,683
-819
-2% -$38.5K
MASI
587
DELISTED
Masimo
MASI
$2.22M 0.02%
17,800
+300
+2% +$33.3K
RIG icon
588
Transocean
RIG
$5.82B
$2.22M 0.02%
158,900
-2,700
-2% -$33.5K
PBF icon
589
PBF Energy
PBF
$7.31B
$2.21M 0.02%
44,300
+3,000
+7% +$143K
HAE icon
590
Haemonetics
HAE
$4B
$2.19M 0.02%
19,100
-100
-0.5% -$10.4K
AMG icon
591
Affiliated Managers Group
AMG
$9.76B
$2.18M 0.02%
15,956
-100
-0.6% -$14.8K
PII icon
592
Polaris
PII
$4.07B
$2.18M 0.02%
21,600
– –
PACW
593
DELISTED
PacWest Bancorp
PACW
$2.16M 0.02%
45,300
-800
-2% -$40.3K
BC icon
594
Brunswick
BC
$5.28B
$2.15M 0.02%
32,100
– –
GNTX icon
595
Gentex
GNTX
$5.07B
$2.13M 0.02%
99,500
-1,400
-1% -$32.4K
FLS icon
596
Flowserve
FLS
$10.2B
$2.13M 0.02%
38,975
+200
+0.5% +$9.69K
FAF icon
597
First American
FAF
$7.58B
$2.13M 0.02%
41,300
+200
+0.5% +$10.9K
WSO icon
598
Watsco Inc
WSO
$13.6B
$2.12M 0.02%
11,900
+100
+0.8% +$17.7K
KIM icon
599
Kimco Realty
KIM
$16.4B
$2.1M 0.02%
125,538
-300
-0.2% -$5.03K
CPB icon
600
Campbell Soup
CPB
$6.87B
$2.1M 0.02%
57,359
+400
+0.7% +$16.3K
22 23
24
25 26

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.