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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
WTFC icon
701
Wintrust Financial
WTFC
$10.7B
$1.23M 0.01%
16,800
-3,300
-16% -$241K
AAN.A
702
DELISTED
The Aaron's Company Inc Class A
AAN.A
$1.23M 0.01%
20,000
-4,000
-17% -$246K
ZD icon
703
Ziff Davis
ZD
$1.98B
$1.23M 0.01%
15,870
-3,105
-16% -$235K
BLKB icon
704
Blackbaud
BLKB
$2.08B
$1.22M 0.01%
14,600
-2,700
-16% -$214K
SVC
705
Service Properties Trust
SVC
$1.07B
$1.22M 0.01%
9,740
-1,980
-17% -$254K
TNL icon
706
Travel + Leisure Co
TNL
$4.7B
$1.22M 0.01%
27,737
-5,900
-18% -$252K
EXP icon
707
Eagle Materials
EXP
$6.57B
$1.21M 0.01%
13,100
-3,300
-20% -$291K
CBRL icon
708
Cracker Barrel
CBRL
$1.29B
$1.21M 0.01%
7,100
-1,500
-17% -$246K
KNX icon
709
Knight Transportation
KNX
$11.4B
$1.21M 0.01%
36,900
-7,500
-17% -$239K
SRCL
710
DELISTED
Stericycle Inc
SRCL
$1.21M 0.01%
25,381
-5,000
-16% -$254K
SNX icon
711
TD Synnex
SNX
$20.2B
$1.21M 0.01%
24,608
-5,000
-17% -$248K
LITE icon
712
Lumentum
LITE
$69.3B
$1.21M 0.01%
22,600
-4,500
-17% -$240K
LEG icon
713
Leggett & Platt
LEG
$1.31B
$1.2M 0.01%
31,377
-6,400
-17% -$252K
IBKR icon
714
Interactive Brokers
IBKR
$39.8B
$1.2M 0.01%
88,800
-18,400
-17% -$249K
CHDN icon
715
Churchill Downs
CHDN
$6.12B
$1.2M 0.01%
20,884
-4,400
-17% -$221K
BCO icon
716
Brink's
BCO
$4.62B
$1.2M 0.01%
14,800
-2,900
-16% -$231K
TXNM
717
TXNM Energy Inc
TXNM
$5.94B
$1.2M 0.01%
23,534
-4,900
-17% -$234K
EQT icon
718
EQT Corp
EQT
$32.3B
$1.2M 0.01%
75,670
-15,100
-17% -$290K
HR
719
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.2M 0.01%
38,200
-6,500
-15% -$206K
MUR icon
720
Murphy Oil
MUR
$4.78B
$1.19M 0.01%
48,300
-9,700
-17% -$256K
ETRN
721
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$1.19M 0.01%
60,436
-12,100
-17% -$251K
BC icon
722
Brunswick
BC
$5.28B
$1.18M 0.01%
25,800
-5,200
-17% -$251K
IART icon
723
Integra LifeSciences
IART
$1.34B
$1.17M 0.01%
21,000
-4,200
-17% -$216K
JEF icon
724
Jefferies Financial Group
JEF
$13.1B
$1.17M 0.01%
67,749
-16,869
-20% -$289K
NVT icon
725
nVent Electric
NVT
$26.7B
$1.17M 0.01%
47,002
-10,500
-18% -$270K
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 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.