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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
WOLF icon
601
Wolfspeed
WOLF
$1.71B
$1.61M 0.01%
32,800
-2,030
-6% -$110K
WSO icon
602
Watsco Inc
WSO
$13.6B
$1.61M 0.01%
9,500
– –
CW icon
603
Curtiss-Wright
CW
$25.5B
$1.6M 0.01%
12,400
-300
-2% -$37.7K
CUZ icon
604
Cousins Properties
CUZ
$4.88B
$1.6M 0.01%
42,620
-400
-0.9% -$14.3K
SNV
605
DELISTED
Synovus
SNV
$1.6M 0.01%
44,805
-1,800
-4% -$64.6K
AOS icon
606
A.O. Smith
AOS
$8.7B
$1.59M 0.01%
33,300
-500
-1% -$23.1K
INGR icon
607
Ingredion
INGR
$6.58B
$1.59M 0.01%
19,400
-300
-2% -$23.8K
IVZ icon
608
Invesco
IVZ
$13.9B
$1.57M 0.01%
92,655
-3,200
-3% -$56.5K
PVH icon
609
PVH
PVH
$4.04B
$1.57M 0.01%
17,796
-100
-0.6% -$8.36K
AYI icon
610
Acuity Brands
AYI
$10.8B
$1.56M 0.01%
11,600
-200
-2% -$26.1K
ITT icon
611
ITT
ITT
$19.1B
$1.56M 0.01%
25,500
-500
-2% -$30.2K
EXEL icon
612
Exelixis
EXEL
$13.4B
$1.55M 0.01%
87,900
-1,400
-2% -$28.3K
LECO icon
613
Lincoln Electric
LECO
$15.4B
$1.55M 0.01%
17,900
-700
-4% -$58.9K
PRI icon
614
Primerica
PRI
$9.89B
$1.55M 0.01%
12,200
-300
-2% -$36.2K
THG icon
615
Hanover Insurance
THG
$7.98B
$1.55M 0.01%
11,450
-600
-5% -$78.8K
TREX icon
616
Trex
TREX
$5.01B
$1.55M 0.01%
34,000
-600
-2% -$24.2K
WSM icon
617
Williams-Sonoma
WSM
$29.6B
$1.54M 0.01%
45,400
-1,200
-3% -$39.7K
SEE
618
DELISTED
Sealed Air
SEE
$1.54M 0.01%
37,148
-100
-0.3% -$4.24K
TOL icon
619
Toll Brothers
TOL
$14.5B
$1.54M 0.01%
37,500
-1,700
-4% -$62.7K
PNR icon
620
Pentair
PNR
$11B
$1.53M 0.01%
40,402
+2,500
+7% +$92.9K
MANH icon
621
Manhattan Associates
MANH
$11.4B
$1.51M 0.01%
18,700
-400
-2% -$32.1K
OSK icon
622
Oshkosh
OSK
$9.59B
$1.5M 0.01%
19,800
-900
-4% -$68.9K
PBCT
623
DELISTED
People's United Financial Inc
PBCT
$1.5M 0.01%
95,875
+1,500
+2% +$23.5K
UNM icon
624
Unum
UNM
$14.3B
$1.49M 0.01%
50,169
-600
-1% -$17.8K
GRUB
625
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$1.49M 0.01%
+13,250
New +$1.76M
23 24
25
26 27

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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.