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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
UMPQ
676
DELISTED
Umpqua Holdings Corp
UMPQ
$1.69M 0.01%
81,400
+300
+0.4% +$6.56K
NUS icon
677
Nu Skin
NUS
$267M
$1.69M 0.01%
20,500
– –
VAC icon
678
Marriott Vacations Worldwide
VAC
$4.25B
$1.69M 0.01%
+15,100
New +$1.78M
COTY icon
679
Coty
COTY
$2.48B
$1.69M 0.01%
134,189
-5,800
-4% -$75K
JHG
680
DELISTED
Janus Henderson
JHG
$1.68M 0.01%
62,237
-4,200
-6% -$122K
IPGP icon
681
IPG Photonics
IPGP
$3.84B
$1.67M 0.01%
10,700
-400
-4% -$74.2K
TDC icon
682
Teradata
TDC
$2.55B
$1.66M 0.01%
44,000
-500
-1% -$20.2K
WWD icon
683
Woodward
WWD
$21.4B
$1.66M 0.01%
20,500
+100
+0.5% +$8.03K
ASB icon
684
Associated Banc-Corp
ASB
$5.91B
$1.66M 0.01%
63,689
+1,400
+2% +$38.3K
TOL icon
685
Toll Brothers
TOL
$14.5B
$1.66M 0.01%
50,100
-1,900
-4% -$68.8K
SCG
686
DELISTED
Scana
SCG
$1.65M 0.01%
42,516
+300
+0.7% +$11.5K
GT icon
687
Goodyear
GT
$1.85B
$1.65M 0.01%
70,616
-400
-0.6% -$9.4K
EVHC
688
DELISTED
Envision Healthcare Holdings Inc
EVHC
$1.65M 0.01%
36,100
+200
+0.6% +$8.98K
CIEN icon
689
Ciena
CIEN
$58.4B
$1.65M 0.01%
52,700
-100
-0.2% -$2.8K
NVT icon
690
nVent Electric
NVT
$26.7B
$1.64M 0.01%
60,302
+500
+0.8% +$13.6K
BMS
691
DELISTED
Bemis
BMS
$1.64M 0.01%
33,700
+200
+0.6% +$9.45K
KEX icon
692
Kirby Corp
KEX
$6.93B
$1.64M 0.01%
19,900
+100
+0.5% +$8.39K
LSI
693
DELISTED
Life Storage, Inc.
LSI
$1.64M 0.01%
25,800
+150
+0.6% +$9.72K
KNX icon
694
Knight Transportation
KNX
$11.4B
$1.63M 0.01%
47,400
+100
+0.2% +$3.5K
PNFP icon
695
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.63M 0.01%
27,100
-100
-0.4% -$6.33K
ARRS
696
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.63M 0.01%
62,700
-1,800
-3% -$45.9K
MKSI icon
697
MKS Inc
MKSI
$20.6B
$1.63M 0.01%
20,300
+200
+1% +$18.3K
RYN icon
698
Rayonier
RYN
$6.55B
$1.62M 0.01%
52,807
+331
+0.6% +$10.6K
MDSO
699
DELISTED
Medidata Solutions, Inc.
MDSO
$1.62M 0.01%
22,100
+300
+1% +$24K
EME icon
700
Emcor
EME
$36B
$1.61M 0.01%
21,500
– –
26 27
28
29 30

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.