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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
FL
651
DELISTED
Foot Locker
FL
$1.37M 0.01%
31,828
+4,900
+18% +$197K
XRX icon
652
Xerox
XRX
$425M
$1.37M 0.01%
45,718
-1,100
-2% -$34.5K
EGP icon
653
EastGroup Properties
EGP
$10.9B
$1.36M 0.01%
10,900
– –
BKH icon
654
Black Hills Corp
BKH
$5.69B
$1.36M 0.01%
17,690
+1,600
+10% +$125K
HOG icon
655
Harley-Davidson
HOG
$2.71B
$1.35M 0.01%
37,677
-400
-1% -$13.7K
HIW icon
656
Highwoods Properties
HIW
$3.47B
$1.35M 0.01%
30,100
-600
-2% -$26.3K
ASH icon
657
Ashland
ASH
$3.5B
$1.35M 0.01%
17,553
-1,000
-5% -$76K
SRCL
658
DELISTED
Stericycle Inc
SRCL
$1.35M 0.01%
26,481
+1,100
+4% +$51.2K
SNX icon
659
TD Synnex
SNX
$20.2B
$1.34M 0.01%
23,808
-800
-3% -$37.3K
JBGS
660
JBG SMITH
JBGS
$708M
$1.34M 0.01%
34,225
-1,500
-4% -$58.5K
JEF icon
661
Jefferies Financial Group
JEF
$13.1B
$1.34M 0.01%
76,302
+8,553
+13% +$152K
AVT icon
662
Avnet
AVT
$7.92B
$1.34M 0.01%
30,040
-1,400
-4% -$60.5K
HBI
663
DELISTED
Hanesbrands
HBI
$1.33M 0.01%
86,892
+400
+0.5% +$6.08K
DVA icon
664
DaVita
DVA
$11.7B
$1.33M 0.01%
23,258
-7,000
-23% -$407K
FFIN icon
665
First Financial Bankshares
FFIN
$4.97B
$1.31M 0.01%
39,400
-800
-2% -$25.2K
ALE
666
DELISTED
Allete
ALE
$1.31M 0.01%
15,000
-300
-2% -$25.8K
BHF icon
667
Brighthouse Financial
BHF
$3.5B
$1.31M 0.01%
32,280
-2,000
-6% -$74.5K
COR
668
DELISTED
Coresite Realty Corporation
COR
$1.3M 0.01%
10,700
-200
-2% -$22.9K
BC icon
669
Brunswick
BC
$5.28B
$1.3M 0.01%
24,900
-900
-3% -$43K
WPX
670
DELISTED
WPX Energy, Inc.
WPX
$1.3M 0.01%
122,600
+5,100
+4% +$53.8K
LSTR icon
671
Landstar System
LSTR
$6.21B
$1.29M 0.01%
11,500
-400
-3% -$44.1K
LEG icon
672
Leggett & Platt
LEG
$1.31B
$1.29M 0.01%
31,577
+200
+0.6% +$7.85K
SIGI icon
673
Selective Insurance
SIGI
$5.73B
$1.29M 0.01%
+17,200
New +$1.33M
BLKB icon
674
Blackbaud
BLKB
$2.08B
$1.29M 0.01%
14,300
-300
-2% -$26.7K
FLO icon
675
Flowers Foods
FLO
$1.57B
$1.29M 0.01%
55,850
+1,400
+3% +$32.4K
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 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.