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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
KNX icon
676
Knight Transportation
KNX
$11.4B
$1.29M 0.01%
35,600
-1,300
-4% -$45.2K
NWSA icon
677
News Corp Class A
NWSA
$15.4B
$1.29M 0.01%
92,739
+400
+0.4% +$5.46K
PWR icon
678
Quanta Services
PWR
$101B
$1.29M 0.01%
34,156
+100
+0.3% +$3.61K
SR icon
679
Spire
SR
$4.85B
$1.28M 0.01%
14,700
-300
-2% -$25.3K
CHDN icon
680
Churchill Downs
CHDN
$6.12B
$1.28M 0.01%
20,684
-200
-1% -$12.1K
BFH icon
681
Bread Financial
BFH
$4.38B
$1.27M 0.01%
12,408
-1,128
-8% -$127K
SBRA icon
682
Sabra Healthcare REIT
SBRA
$5.37B
$1.26M 0.01%
55,000
+1,900
+4% +$40.5K
LFUS icon
683
Littelfuse
LFUS
$11.6B
$1.26M 0.01%
7,100
-200
-3% -$33.8K
AAN.A
684
DELISTED
The Aaron's Company Inc Class A
AAN.A
$1.26M 0.01%
19,600
-400
-2% -$25.7K
VSAT icon
685
Viasat
VSAT
$11.1B
$1.26M 0.01%
16,700
-200
-1% -$15.9K
HR
686
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.26M 0.01%
37,500
-700
-2% -$22.9K
WBS icon
687
Webster Financial
WBS
$12.8B
$1.25M 0.01%
26,750
-500
-2% -$23.6K
PEN icon
688
Penumbra
PEN
$12.8B
$1.25M 0.01%
+9,300
New +$1.44M
SRC
689
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$1.25M 0.01%
+26,100
New +$1.2M
PACW
690
DELISTED
PacWest Bancorp
PACW
$1.25M 0.01%
34,300
-900
-3% -$32.5K
SAIC icon
691
Saic
SAIC
$5.35B
$1.24M 0.01%
14,185
-900
-6% -$76.5K
DECK icon
692
Deckers Outdoor
DECK
$13.3B
$1.24M 0.01%
50,400
-1,200
-2% -$30.7K
IART icon
693
Integra LifeSciences
IART
$1.34B
$1.24M 0.01%
20,600
-400
-2% -$23.8K
FOX icon
694
Fox Class B
FOX
$23.9B
$1.23M 0.01%
39,085
+200
+0.5% +$6.91K
SVC
695
Service Properties Trust
SVC
$1.07B
$1.23M 0.01%
9,540
-200
-2% -$24.7K
TNL icon
696
Travel + Leisure Co
TNL
$4.7B
$1.23M 0.01%
26,737
-1,000
-4% -$44.7K
ZD icon
697
Ziff Davis
ZD
$1.98B
$1.23M 0.01%
15,525
-345
-2% -$26.1K
AMED
698
DELISTED
Amedisys
AMED
$1.22M 0.01%
9,300
+700
+8% +$91.1K
BABA icon
699
Alibaba
BABA
$308B
$1.21M 0.01%
7,256
-92,000
-93% -$15.8M
CPRI icon
700
Capri Holdings
CPRI
$1.74B
$1.21M 0.01%
36,448
+300
+0.8% +$9.61K
26 27
28
29 30

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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
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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.