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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
FLS icon
626
Flowserve
FLS
$10.2B
$1.48M 0.01%
31,575
+200
+0.6% +$9.44K
EV
627
DELISTED
Eaton Vance Corp.
EV
$1.47M 0.01%
32,800
-1,000
-3% -$43.3K
PII icon
628
Polaris
PII
$4.07B
$1.47M 0.01%
16,700
-300
-2% -$26K
FHN icon
629
First Horizon
FHN
$12.1B
$1.47M 0.01%
90,683
-2,700
-3% -$42.7K
OGS icon
630
ONE Gas
OGS
$5.04B
$1.47M 0.01%
15,257
-300
-2% -$27.4K
CFR icon
631
Cullen/Frost Bankers
CFR
$10.2B
$1.46M 0.01%
16,500
-2,200
-12% -$195K
MAN icon
632
ManpowerGroup
MAN
$2.63B
$1.46M 0.01%
17,330
-400
-2% -$34.9K
MKSI icon
633
MKS Inc
MKSI
$20.6B
$1.46M 0.01%
15,800
-300
-2% -$24.8K
FR icon
634
First Industrial Realty Trust
FR
$8.44B
$1.45M 0.01%
36,700
-700
-2% -$26.8K
SKX
635
DELISTED
Skechers
SKX
$1.45M 0.01%
38,800
-1,000
-3% -$34.3K
NATI
636
DELISTED
National Instruments Corp
NATI
$1.45M 0.01%
34,475
+1,300
+4% +$55.8K
JBL icon
637
Jabil
JBL
$35.8B
$1.45M 0.01%
40,400
-800
-2% -$24.1K
WH icon
638
Wyndham Hotels & Resorts
WH
$5.48B
$1.45M 0.01%
27,937
-900
-3% -$49.2K
HE icon
639
Hawaiian Electric Industries
HE
$2.14B
$1.44M 0.01%
31,640
-600
-2% -$26.7K
JBLU icon
640
JetBlue
JBLU
$2.29B
$1.44M 0.01%
85,923
-3,200
-4% -$58.1K
SWX icon
641
Southwest Gas
SWX
$6.67B
$1.44M 0.01%
15,800
– –
KEX icon
642
Kirby Corp
KEX
$6.93B
$1.43M 0.01%
17,400
+1,400
+9% +$107K
MMS icon
643
Maximus
MMS
$3.1B
$1.43M 0.01%
18,500
-400
-2% -$30.4K
LSI
644
DELISTED
Life Storage, Inc.
LSI
$1.42M 0.01%
20,250
-450
-2% -$30.6K
KMPR icon
645
Kemper
KMPR
$1.68B
$1.42M 0.01%
18,150
-300
-2% -$24K
PB icon
646
Prosperity Bancshares
PB
$8.89B
$1.41M 0.01%
20,000
+400
+2% +$26.9K
EME icon
647
Emcor
EME
$36B
$1.4M 0.01%
16,300
-300
-2% -$25.5K
SLAB icon
648
Silicon Laboratories
SLAB
$7.23B
$1.4M 0.01%
12,600
-200
-2% -$21.7K
AGCO icon
649
AGCO
AGCO
$7.2B
$1.39M 0.01%
18,400
-700
-4% -$51.4K
TTEK icon
650
Tetra Tech
TTEK
$9.07B
$1.38M 0.01%
+79,500
New +$1.3M
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 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.