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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
MDU icon
626
MDU Resources
MDU
$4.32B
$1.51M 0.01%
154,274
-29,455
-16% -$287K
PRI icon
627
Primerica
PRI
$9.89B
$1.5M 0.01%
12,500
-2,700
-18% -$334K
IDA icon
628
Idacorp
IDA
$8.2B
$1.49M 0.01%
14,880
-3,100
-17% -$313K
HBI
629
DELISTED
Hanesbrands
HBI
$1.49M 0.01%
86,492
-17,700
-17% -$305K
ASH icon
630
Ashland
ASH
$3.5B
$1.48M 0.01%
18,553
-3,800
-17% -$294K
NKTR icon
631
Nektar Therapeutics
NKTR
$2.58B
$1.48M 0.01%
2,780
-567
-17% -$284K
AGCO icon
632
AGCO
AGCO
$7.2B
$1.48M 0.01%
19,100
-3,800
-17% -$271K
EME icon
633
Emcor
EME
$36B
$1.46M 0.01%
16,600
-3,400
-17% -$276K
EV
634
DELISTED
Eaton Vance Corp.
EV
$1.46M 0.01%
33,800
-7,300
-18% -$298K
XEC
635
DELISTED
CIMAREX ENERGY CO
XEC
$1.44M 0.01%
24,280
-5,000
-17% -$320K
NWL icon
636
Newell Brands
NWL
$2.56B
$1.44M 0.01%
93,171
-18,900
-17% -$283K
TOL icon
637
Toll Brothers
TOL
$14.5B
$1.44M 0.01%
39,200
-8,600
-18% -$321K
BBWI icon
638
Bath & Body Works
BBWI
$4.1B
$1.43M 0.01%
67,966
-13,483
-17% -$267K
HRB icon
639
H&R Block
HRB
$5.86B
$1.43M 0.01%
48,698
-10,500
-18% -$282K
PRGO icon
640
Perrigo
PRGO
$1.78B
$1.43M 0.01%
29,922
-6,100
-17% -$291K
RL icon
641
Ralph Lauren
RL
$23.6B
$1.43M 0.01%
12,541
-2,700
-18% -$323K
AVT icon
642
Avnet
AVT
$7.92B
$1.42M 0.01%
31,440
-7,200
-19% -$322K
FOX icon
643
Fox Class B
FOX
$23.9B
$1.42M 0.01%
38,885
-7,900
-17% -$287K
SWX icon
644
Southwest Gas
SWX
$6.67B
$1.42M 0.01%
15,800
-3,100
-16% -$263K
PNR icon
645
Pentair
PNR
$11B
$1.41M 0.01%
37,902
-7,500
-17% -$284K
JBGS
646
JBG SMITH
JBGS
$708M
$1.41M 0.01%
35,725
-3,600
-9% -$148K
OGS icon
647
ONE Gas
OGS
$5.04B
$1.41M 0.01%
15,557
-3,200
-17% -$283K
HE icon
648
Hawaiian Electric Industries
HE
$2.14B
$1.4M 0.01%
32,240
-6,600
-17% -$277K
FLR icon
649
Fluor
FLR
$7.96B
$1.4M 0.01%
41,453
+1,200
+3% +$40.2K
FHN icon
650
First Horizon
FHN
$12.1B
$1.39M 0.01%
93,383
-20,100
-18% -$291K
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 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.