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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
ACM icon
626
Aecom
ACM
$9.75B
$1.94M 0.01%
59,500
+400
+0.7% +$13.2K
THG icon
627
Hanover Insurance
THG
$7.98B
$1.94M 0.01%
15,750
+100
+0.6% +$12.3K
CY
628
DELISTED
Cypress Semiconductor
CY
$1.94M 0.01%
133,700
+1,700
+1% +$28K
ASH icon
629
Ashland
ASH
$3.5B
$1.93M 0.01%
23,053
+100
+0.4% +$8.34K
PHM icon
630
Pultegroup
PHM
$25.3B
$1.93M 0.01%
77,909
+100
+0.1% +$2.83K
OSK icon
631
Oshkosh
OSK
$9.59B
$1.92M 0.01%
27,000
-200
-0.7% -$14.4K
AVT icon
632
Avnet
AVT
$7.92B
$1.92M 0.01%
42,840
-600
-1% -$27.5K
CHE icon
633
Chemed
CHE
$7.22B
$1.92M 0.01%
6,000
+100
+2% +$31.9K
PRI icon
634
Primerica
PRI
$9.89B
$1.92M 0.01%
15,900
-300
-2% -$34.8K
SEE
635
DELISTED
Sealed Air
SEE
$1.9M 0.01%
47,348
-400
-0.8% -$16.5K
CLB icon
636
Core Laboratories
CLB
$521M
$1.9M 0.01%
16,400
+200
+1% +$22.6K
JEF icon
637
Jefferies Financial Group
JEF
$13.1B
$1.9M 0.01%
96,571
-3,687
-4% -$76.9K
HQY icon
638
HealthEquity
HQY
$8.75B
$1.89M 0.01%
+20,000
New +$1.72M
EPR icon
639
EPR Properties
EPR
$4.77B
$1.88M 0.01%
27,500
+3,700
+16% +$251K
FLG
640
Flagstar Bank National Association
FLG
$5.82B
$1.88M 0.01%
60,457
+234
+0.4% +$7.67K
RGLD icon
641
Royal Gold
RGLD
$19.5B
$1.86M 0.01%
24,200
+100
+0.4% +$8.23K
GAP
642
The Gap Inc
GAP
$7.37B
$1.86M 0.01%
64,646
+400
+0.6% +$12K
MDU icon
643
MDU Resources
MDU
$4.32B
$1.86M 0.01%
190,567
+1,315
+0.7% +$14.1K
IDA icon
644
Idacorp
IDA
$8.2B
$1.85M 0.01%
18,680
+100
+0.5% +$9.63K
LSTR icon
645
Landstar System
LSTR
$6.21B
$1.85M 0.01%
15,200
-300
-2% -$34.7K
SIX
646
DELISTED
Six Flags Entertainment Corp.
SIX
$1.84M 0.01%
26,400
-2,200
-8% -$149K
CXT icon
647
Crane NXT
CXT
$3.07B
$1.84M 0.01%
53,929
– –
LFUS icon
648
Littelfuse
LFUS
$11.6B
$1.84M 0.01%
9,300
+100
+1% +$22K
STL
649
DELISTED
Sterling Bancorp
STL
$1.83M 0.01%
83,400
+400
+0.5% +$9.11K
BLKB icon
650
Blackbaud
BLKB
$2.08B
$1.83M 0.01%
18,000
+100
+0.6% +$10.4K
24 25
26
27 28

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.