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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
MD icon
701
Pediatrix Medical
MD
$2.2B
$1.61M 0.01%
34,600
-200
-0.6% -$9.18K
MAT icon
702
Mattel
MAT
$4.23B
$1.61M 0.01%
102,561
+700
+0.7% +$11.2K
OGS icon
703
ONE Gas
OGS
$5.04B
$1.6M 0.01%
19,457
+100
+0.5% +$7.83K
TNL icon
704
Travel + Leisure Co
TNL
$4.7B
$1.59M 0.01%
36,737
+800
+2% +$35.5K
CABO icon
705
Cable One
CABO
$212M
$1.59M 0.01%
1,800
+100
+6% +$79.5K
CNK icon
706
Cinemark Holdings
CNK
$4.32B
$1.58M 0.01%
39,300
+200
+0.5% +$7.4K
BHF icon
707
Brighthouse Financial
BHF
$3.5B
$1.58M 0.01%
35,680
+300
+0.8% +$12.6K
HRB icon
708
H&R Block
HRB
$5.86B
$1.58M 0.01%
61,198
-700
-1% -$17.8K
INGN icon
709
Inogen
INGN
$164M
$1.56M 0.01%
+6,400
New +$1.48M
TRIP icon
710
TripAdvisor
TRIP
$1.26B
$1.55M 0.01%
30,454
-1,300
-4% -$71.1K
COHR
711
DELISTED
Coherent Inc
COHR
$1.55M 0.01%
9,000
-200
-2% -$35.2K
MMS icon
712
Maximus
MMS
$3.1B
$1.55M 0.01%
23,800
-200
-0.8% -$13K
THO icon
713
Thor Industries
THO
$4.14B
$1.55M 0.01%
18,500
+400
+2% +$38.3K
WWE
714
DELISTED
World Wrestling Entertainment
WWE
$1.55M 0.01%
+16,000
New +$1.32M
AEO icon
715
American Eagle Outfitters
AEO
$3.01B
$1.55M 0.01%
62,275
+500
+0.8% +$12.7K
DHC
716
Diversified Healthcare Trust
DHC
$2.14B
$1.54M 0.01%
87,900
+400
+0.5% +$7.34K
GMED icon
717
Globus Medical
GMED
$11.2B
$1.54M 0.01%
27,100
+100
+0.4% +$5.26K
IBKR icon
718
Interactive Brokers
IBKR
$39.8B
$1.54M 0.01%
111,200
+6,000
+6% +$91K
TCBI icon
719
Texas Capital Bancshares
TCBI
$4.32B
$1.54M 0.01%
18,600
+300
+2% +$27.2K
JBL icon
720
Jabil
JBL
$35.8B
$1.53M 0.01%
56,700
-6,400
-10% -$183K
FNB icon
721
FNB Corp
FNB
$6.75B
$1.52M 0.01%
119,900
+600
+0.5% +$7.97K
SBRA icon
722
Sabra Healthcare REIT
SBRA
$5.37B
$1.52M 0.01%
65,900
+200
+0.3% +$4.53K
EVR icon
723
Evercore
EVR
$11.8B
$1.52M 0.01%
15,100
+100
+0.7% +$10.8K
VVV icon
724
Valvoline
VVV
$4.51B
$1.52M 0.01%
70,528
-1,500
-2% -$32.6K
CHK
725
DELISTED
Chesapeake Energy Corporation
CHK
$1.51M 0.01%
1,687
+8
+0.5% +$7.29K
27 28
29
30 31

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.