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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
OLLI icon
651
Ollie's Bargain Outlet
OLLI
$4.94B
$1.83M 0.01%
19,000
+600
+3% +$47.9K
BIDU icon
652
Baidu
BIDU
$37.2B
$1.82M 0.01%
+7,942
New +$1.87M
KMPR icon
653
Kemper
KMPR
$1.68B
$1.81M 0.01%
22,550
+4,500
+25% +$353K
HIW icon
654
Highwoods Properties
HIW
$3.47B
$1.81M 0.01%
38,300
+200
+0.5% +$9.87K
MPWR icon
655
Monolithic Power Systems
MPWR
$68.9B
$1.81M 0.01%
14,400
+100
+0.7% +$13.9K
SLM icon
656
SLM Corp
SLM
$5.15B
$1.79M 0.01%
161,025
+700
+0.4% +$8.11K
XRX icon
657
Xerox
XRX
$425M
$1.78M 0.01%
66,118
+2,800
+4% +$74.1K
NFG icon
658
National Fuel Gas
NFG
$7.65B
$1.78M 0.01%
31,780
+100
+0.3% +$5.52K
PBCT
659
DELISTED
People's United Financial Inc
PBCT
$1.78M 0.01%
103,975
+1,000
+1% +$18.3K
FL
660
DELISTED
Foot Locker
FL
$1.78M 0.01%
34,828
-100
-0.3% -$4.96K
ROL icon
661
Rollins
ROL
$18.2B
$1.77M 0.01%
65,788
-13,725
-17% -$354K
WTFC icon
662
Wintrust Financial
WTFC
$10.7B
$1.77M 0.01%
20,800
+100
+0.5% +$8.9K
SVC
663
Service Properties Trust
SVC
$1.07B
$1.75M 0.01%
12,160
+60
+0.5% +$8.6K
CASY icon
664
Casey's General Stores
CASY
$30.9B
$1.74M 0.01%
13,500
-300
-2% -$34.5K
MAC icon
665
Macerich
MAC
$6.92B
$1.74M 0.01%
31,508
-600
-2% -$34.6K
ICUI icon
666
ICU Medical
ICUI
$4.61B
$1.73M 0.01%
6,100
+500
+9% +$146K
IART icon
667
Integra LifeSciences
IART
$1.34B
$1.72M 0.01%
26,100
+100
+0.4% +$6.21K
NFX
668
DELISTED
Newfield Exploration
NFX
$1.72M 0.01%
59,512
+400
+0.7% +$11.3K
LOGM
669
DELISTED
LogMein, Inc.
LOGM
$1.71M 0.01%
19,202
– –
TXRH icon
670
Texas Roadhouse
TXRH
$13.7B
$1.71M 0.01%
24,600
+400
+2% +$27.2K
AIZ icon
671
Assurant
AIZ
$14.3B
$1.7M 0.01%
15,757
+200
+1% +$21.2K
PB icon
672
Prosperity Bancshares
PB
$8.89B
$1.7M 0.01%
24,500
-1,200
-5% -$86.4K
LEG icon
673
Leggett & Platt
LEG
$1.31B
$1.7M 0.01%
38,777
-100
-0.3% -$4.5K
OZK icon
674
Bank OZK
OZK
$5.61B
$1.7M 0.01%
+44,700
New +$1.83M
CRI icon
675
Carter's
CRI
$1.47B
$1.7M 0.01%
17,200
-100
-0.6% -$10.6K
25 26
27
28 29

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.