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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
SNV
601
DELISTED
Synovus
SNV
$1.63M 0.01%
46,605
-10,100
-18% -$351K
AYI icon
602
Acuity Brands
AYI
$10.8B
$1.63M 0.01%
11,800
-2,400
-17% -$330K
INGR icon
603
Ingredion
INGR
$6.58B
$1.63M 0.01%
19,700
-4,100
-17% -$353K
SLG icon
604
SL Green Realty
SLG
$3.99B
$1.62M 0.01%
20,875
-4,029
-16% -$340K
CW icon
605
Curtiss-Wright
CW
$25.5B
$1.61M 0.01%
12,700
-2,600
-17% -$300K
WH icon
606
Wyndham Hotels & Resorts
WH
$5.48B
$1.61M 0.01%
28,837
-6,100
-17% -$334K
AOS icon
607
A.O. Smith
AOS
$8.7B
$1.59M 0.01%
33,800
-7,100
-17% -$348K
SEE
608
DELISTED
Sealed Air
SEE
$1.59M 0.01%
37,248
-7,600
-17% -$335K
KMPR icon
609
Kemper
KMPR
$1.68B
$1.59M 0.01%
18,450
-3,200
-15% -$273K
MPWR icon
610
Monolithic Power Systems
MPWR
$68.9B
$1.59M 0.01%
11,700
-2,400
-17% -$326K
M icon
611
Macy's
M
$6.68B
$1.59M 0.01%
73,930
-14,700
-17% -$334K
PBCT
612
DELISTED
People's United Financial Inc
PBCT
$1.58M 0.01%
94,375
-18,900
-17% -$314K
BRX icon
613
Brixmor Property Group
BRX
$9.32B
$1.58M 0.01%
88,200
-18,300
-17% -$329K
XPO icon
614
XPO
XPO
$23.7B
$1.57M 0.01%
78,646
-33,829
-30% -$689K
AIZ icon
615
Assurant
AIZ
$14.3B
$1.57M 0.01%
14,757
-2,900
-16% -$287K
CUZ icon
616
Cousins Properties
CUZ
$4.88B
$1.56M 0.01%
43,020
+5,545
+15% +$208K
WSO icon
617
Watsco Inc
WSO
$13.6B
$1.55M 0.01%
9,500
-2,000
-17% -$314K
PII icon
618
Polaris
PII
$4.07B
$1.55M 0.01%
17,000
-3,400
-17% -$310K
TENB icon
619
Tenable Holdings
TENB
$4.01B
$1.55M 0.01%
+54,303
New +$1.61M
THG icon
620
Hanover Insurance
THG
$7.98B
$1.55M 0.01%
12,050
-2,400
-17% -$292K
LECO icon
621
Lincoln Electric
LECO
$15.4B
$1.53M 0.01%
18,600
-3,900
-17% -$324K
WSM icon
622
Williams-Sonoma
WSM
$29.6B
$1.51M 0.01%
46,600
-10,600
-19% -$304K
BFH icon
623
Bread Financial
BFH
$4.38B
$1.51M 0.01%
13,536
-3,007
-18% -$364K
CACI icon
624
CACI
CACI
$14.2B
$1.51M 0.01%
7,400
-1,500
-17% -$297K
DECK icon
625
Deckers Outdoor
DECK
$13.3B
$1.51M 0.01%
51,600
-10,800
-17% -$281K
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 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.