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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
PB icon
676
Prosperity Bancshares
PB
$8.89B
$1.29M 0.01%
19,600
-4,100
-17% -$284K
LFUS icon
677
Littelfuse
LFUS
$11.6B
$1.29M 0.01%
7,300
-1,500
-17% -$272K
LSTR icon
678
Landstar System
LSTR
$6.21B
$1.28M 0.01%
11,900
-2,400
-17% -$256K
ALE
679
DELISTED
Allete
ALE
$1.27M 0.01%
15,300
-3,100
-17% -$255K
HIW icon
680
Highwoods Properties
HIW
$3.47B
$1.27M 0.01%
30,700
-6,200
-17% -$275K
FLO icon
681
Flowers Foods
FLO
$1.57B
$1.27M 0.01%
54,450
-11,000
-17% -$244K
ROL icon
682
Rollins
ROL
$18.2B
$1.27M 0.01%
52,962
-10,800
-17% -$278K
EGP icon
683
EastGroup Properties
EGP
$10.9B
$1.26M 0.01%
+10,900
New +$1.23M
KEX icon
684
Kirby Corp
KEX
$6.93B
$1.26M 0.01%
16,000
-3,200
-17% -$257K
SR icon
685
Spire
SR
$4.85B
$1.26M 0.01%
15,000
-3,100
-17% -$260K
BHF icon
686
Brighthouse Financial
BHF
$3.5B
$1.26M 0.01%
34,280
+700
+2% +$27K
BKH icon
687
Black Hills Corp
BKH
$5.69B
$1.26M 0.01%
16,090
-3,200
-17% -$241K
COR
688
DELISTED
Coresite Realty Corporation
COR
$1.25M 0.01%
10,900
-2,200
-17% -$249K
CPRI icon
689
Capri Holdings
CPRI
$1.74B
$1.25M 0.01%
36,148
-7,800
-18% -$317K
CXT icon
690
Crane NXT
CXT
$3.07B
$1.25M 0.01%
43,277
-8,925
-17% -$260K
MKSI icon
691
MKS Inc
MKSI
$20.6B
$1.25M 0.01%
16,100
-3,200
-17% -$270K
SKX
692
DELISTED
Skechers
SKX
$1.25M 0.01%
39,800
-7,800
-16% -$241K
NWSA icon
693
News Corp Class A
NWSA
$15.4B
$1.25M 0.01%
92,339
-18,700
-17% -$229K
TDC icon
694
Teradata
TDC
$2.55B
$1.24M 0.01%
34,700
-7,100
-17% -$277K
SLM icon
695
SLM Corp
SLM
$5.15B
$1.24M 0.01%
127,925
-27,800
-18% -$275K
TREX icon
696
Trex
TREX
$5.01B
$1.24M 0.01%
34,600
-7,200
-17% -$244K
FFIN icon
697
First Financial Bankshares
FFIN
$4.97B
$1.24M 0.01%
40,200
-8,000
-17% -$241K
ICUI icon
698
ICU Medical
ICUI
$4.61B
$1.23M 0.01%
4,900
-1,000
-17% -$232K
SF
699
Stifel
SF
$12.6B
$1.23M 0.01%
47,025
-10,575
-18% -$269K
PNFP icon
700
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.23M 0.01%
21,400
-4,600
-18% -$259K
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 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.