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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
NATI
651
DELISTED
National Instruments Corp
NATI
$1.39M 0.01%
33,175
-6,900
-17% -$294K
FLG
652
Flagstar Bank National Association
FLG
$5.82B
$1.38M 0.01%
46,123
-9,400
-17% -$303K
FR icon
653
First Industrial Realty Trust
FR
$8.44B
$1.37M 0.01%
37,400
-7,700
-17% -$273K
NYT icon
654
New York Times
NYT
$10.2B
$1.37M 0.01%
42,100
-8,500
-17% -$283K
MMS icon
655
Maximus
MMS
$3.1B
$1.37M 0.01%
18,900
-3,800
-17% -$276K
PACW
656
DELISTED
PacWest Bancorp
PACW
$1.37M 0.01%
35,200
-7,900
-18% -$306K
VSAT icon
657
Viasat
VSAT
$11.1B
$1.37M 0.01%
16,900
-3,400
-17% -$297K
HOG icon
658
Harley-Davidson
HOG
$2.71B
$1.36M 0.01%
38,077
-7,900
-17% -$287K
NSP icon
659
Insperity
NSP
$2.01B
$1.36M 0.01%
11,100
-2,200
-17% -$265K
WPX
660
DELISTED
WPX Energy, Inc.
WPX
$1.35M 0.01%
117,500
-23,400
-17% -$291K
NFG icon
661
National Fuel Gas
NFG
$7.65B
$1.35M 0.01%
25,580
-5,200
-17% -$296K
HP icon
662
Helmerich & Payne
HP
$3.71B
$1.34M 0.01%
26,492
-5,000
-16% -$275K
OLLI icon
663
Ollie's Bargain Outlet
OLLI
$4.94B
$1.34M 0.01%
15,400
-3,000
-16% -$283K
MANH icon
664
Manhattan Associates
MANH
$11.4B
$1.32M 0.01%
19,100
-4,100
-18% -$264K
SLAB icon
665
Silicon Laboratories
SLAB
$7.23B
$1.32M 0.01%
12,800
-2,600
-17% -$251K
STL
666
DELISTED
Sterling Bancorp
STL
$1.32M 0.01%
62,000
-13,800
-18% -$283K
NJR icon
667
New Jersey Resources
NJR
$5.58B
$1.31M 0.01%
26,400
-5,200
-16% -$256K
LSI
668
DELISTED
Life Storage, Inc.
LSI
$1.31M 0.01%
20,700
-4,200
-17% -$270K
IPGP icon
669
IPG Photonics
IPGP
$3.84B
$1.31M 0.01%
8,500
-1,700
-17% -$257K
CRI icon
670
Carter's
CRI
$1.47B
$1.31M 0.01%
13,400
-2,800
-17% -$273K
SAIC icon
671
Saic
SAIC
$5.35B
$1.31M 0.01%
15,085
-3,100
-17% -$243K
NGVT icon
672
Ingevity
NGVT
$2.68B
$1.3M 0.01%
12,400
-2,400
-16% -$241K
JBL icon
673
Jabil
JBL
$35.8B
$1.3M 0.01%
41,200
-9,000
-18% -$258K
WBS icon
674
Webster Financial
WBS
$12.8B
$1.3M 0.01%
27,250
-5,600
-17% -$279K
PWR icon
675
Quanta Services
PWR
$101B
$1.3M 0.01%
34,056
-6,700
-16% -$254K
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 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.