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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
MHK icon
576
Mohawk Industries
MHK
$9.22B
$1.79M 0.02%
14,436
-300
-2% -$38.5K
SABR icon
577
Sabre
SABR
$835M
$1.78M 0.02%
79,400
-1,900
-2% -$44.7K
ALB icon
578
Albemarle
ALB
$15.5B
$1.77M 0.02%
25,440
+100
+0.4% +$6.81K
CTRA
579
DELISTED
Coterra Energy
CTRA
$1.77M 0.02%
100,632
-700
-0.7% -$13.4K
CIEN icon
580
Ciena
CIEN
$58.4B
$1.76M 0.02%
45,000
+2,600
+6% +$109K
WWD icon
581
Woodward
WWD
$21.4B
$1.76M 0.02%
16,300
-200
-1% -$22K
BRX icon
582
Brixmor Property Group
BRX
$9.32B
$1.75M 0.02%
86,400
-1,800
-2% -$33.8K
MOS icon
583
The Mosaic Company
MOS
$7.33B
$1.75M 0.02%
85,382
+400
+0.5% +$8.71K
PK icon
584
Park Hotels & Resorts
PK
$2.97B
$1.74M 0.02%
+69,600
New +$1.77M
CBSH icon
585
Commerce Bancshares
CBSH
$8.5B
$1.74M 0.02%
40,254
-704
-2% -$29.4K
EPR icon
586
EPR Properties
EPR
$4.77B
$1.73M 0.02%
22,500
+200
+0.9% +$15.2K
CASY icon
587
Casey's General Stores
CASY
$30.9B
$1.72M 0.02%
10,700
-100
-0.9% -$16.5K
ACM icon
588
Aecom
ACM
$9.75B
$1.72M 0.02%
45,800
-800
-2% -$28.8K
NWL icon
589
Newell Brands
NWL
$2.56B
$1.71M 0.02%
91,571
-1,600
-2% -$25.8K
FLIR
590
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$1.71M 0.02%
32,585
+200
+0.6% +$10.2K
FLG
591
Flagstar Bank National Association
FLG
$5.82B
$1.7M 0.02%
45,190
-933
-2% -$32.2K
TCF
592
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.7M 0.02%
44,573
+23,373
+110% +$930K
CDK
593
DELISTED
CDK Global, Inc.
CDK
$1.69M 0.02%
35,200
-800
-2% -$38.3K
SON icon
594
Sonoco
SON
$5.74B
$1.69M 0.02%
29,011
-600
-2% -$35.7K
VSM
595
DELISTED
Versum Materials, Inc.
VSM
$1.68M 0.02%
31,701
-600
-2% -$31.2K
CACI icon
596
CACI
CACI
$14.2B
$1.67M 0.02%
7,200
-200
-3% -$43.1K
MDSO
597
DELISTED
Medidata Solutions, Inc.
MDSO
$1.66M 0.02%
18,100
-300
-2% -$27.4K
IDA icon
598
Idacorp
IDA
$8.2B
$1.64M 0.01%
14,580
-300
-2% -$32K
MDU icon
599
MDU Resources
MDU
$4.32B
$1.63M 0.01%
151,907
-2,367
-2% -$24.2K
SLG icon
600
SL Green Realty
SLG
$3.99B
$1.62M 0.01%
20,462
-413
-2% -$32.1K
22 23
24
25 26

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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.