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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
ACC
601
DELISTED
American Campus Communities, Inc.
ACC
$2.09M 0.02%
50,700
+400
+0.8% +$16.7K
PNR icon
602
Pentair
PNR
$11B
$2.08M 0.02%
48,102
– –
FHN icon
603
First Horizon
FHN
$12.1B
$2.07M 0.02%
120,183
-300
-0.2% -$5.41K
AIV
604
Aimco
AIV
$383M
$2.07M 0.02%
352,279
+2,252
+0.6% +$13K
MAN icon
605
ManpowerGroup
MAN
$2.63B
$2.07M 0.02%
24,030
-200
-0.8% -$17.8K
BBWI icon
606
Bath & Body Works
BBWI
$4.1B
$2.06M 0.02%
84,170
-4,701
-5% -$118K
UTHR icon
607
United Therapeutics
UTHR
$23.1B
$2.06M 0.02%
16,100
+100
+0.6% +$12.4K
NGG icon
608
National Grid
NGG
$81.3B
$2.05M 0.02%
44,764
– –
WH icon
609
Wyndham Hotels & Resorts
WH
$5.48B
$2.05M 0.02%
36,937
+200
+0.5% +$11.4K
JWN
610
DELISTED
Nordstrom
JWN
$2.04M 0.02%
34,192
-600
-2% -$34.4K
SON icon
611
Sonoco
SON
$5.74B
$2.04M 0.01%
36,811
+100
+0.3% +$5.57K
WBS icon
612
Webster Financial
WBS
$12.8B
$2.01M 0.01%
34,150
+200
+0.6% +$13K
MPT
613
Medical Properties Trust
MPT
$2.81B
$2.01M 0.01%
134,900
+600
+0.4% +$8.75K
NATI
614
DELISTED
National Instruments Corp
NATI
$2.01M 0.01%
41,575
+1,900
+5% +$86.6K
MUR icon
615
Murphy Oil
MUR
$4.78B
$2.01M 0.01%
60,200
+300
+0.5% +$9.53K
GWR
616
DELISTED
Genesee & Wyoming Inc.
GWR
$2M 0.01%
22,000
-200
-0.9% -$17.4K
TRN icon
617
Trinity Industries
TRN
$2.38B
$2M 0.01%
75,831
-556
-0.7% -$14.6K
X
618
DELISTED
US Steel
X
$2M 0.01%
65,500
+400
+0.6% +$12.9K
RNR icon
619
RenaissanceRe
RNR
$13.4B
$1.99M 0.01%
14,900
+100
+0.7% +$12.9K
SNV
620
DELISTED
Synovus
SNV
$1.99M 0.01%
43,405
-300
-0.7% -$15.1K
ITT icon
621
ITT
ITT
$19.1B
$1.99M 0.01%
32,400
+200
+0.6% +$11.5K
HBI
622
DELISTED
Hanesbrands
HBI
$1.98M 0.01%
107,392
+700
+0.7% +$13.6K
WSM icon
623
Williams-Sonoma
WSM
$29.6B
$1.96M 0.01%
59,600
+3,200
+6% +$101K
EXEL icon
624
Exelixis
EXEL
$13.4B
$1.95M 0.01%
110,200
+6,700
+6% +$131K
DNB
625
DELISTED
Dun & Bradstreet
DNB
$1.95M 0.01%
13,700
– –
23 24
25
26 27

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.