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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
TXNM
701
TXNM Energy Inc
TXNM
$5.94B
$1.21M 0.01%
23,134
-400
-2% -$20.2K
BCO icon
702
Brink's
BCO
$4.62B
$1.2M 0.01%
14,500
-300
-2% -$25K
VVV icon
703
Valvoline
VVV
$4.51B
$1.2M 0.01%
54,628
-1,100
-2% -$23.6K
IBKR icon
704
Interactive Brokers
IBKR
$39.8B
$1.2M 0.01%
89,200
+400
+0.5% +$4.97K
CXT icon
705
Crane NXT
CXT
$3.07B
$1.2M 0.01%
42,701
-576
-1% -$16.1K
CNK icon
706
Cinemark Holdings
CNK
$4.32B
$1.19M 0.01%
30,900
-600
-2% -$22.9K
LITE icon
707
Lumentum
LITE
$69.3B
$1.19M 0.01%
22,300
-300
-1% -$16.9K
STL
708
DELISTED
Sterling Bancorp
STL
$1.19M 0.01%
59,500
-2,500
-4% -$50.7K
PNFP icon
709
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.19M 0.01%
21,000
-400
-2% -$22.4K
NYT icon
710
New York Times
NYT
$10.2B
$1.19M 0.01%
41,700
-400
-1% -$12.6K
RL icon
711
Ralph Lauren
RL
$23.6B
$1.19M 0.01%
12,441
-100
-0.8% -$9.89K
CRI icon
712
Carter's
CRI
$1.47B
$1.19M 0.01%
13,000
-400
-3% -$36.5K
NJR icon
713
New Jersey Resources
NJR
$5.58B
$1.18M 0.01%
26,100
-300
-1% -$14.1K
NFG icon
714
National Fuel Gas
NFG
$7.65B
$1.18M 0.01%
25,080
-500
-2% -$24.3K
HQY icon
715
HealthEquity
HQY
$8.75B
$1.17M 0.01%
20,500
+4,300
+27% +$285K
XEC
716
DELISTED
CIMAREX ENERGY CO
XEC
$1.17M 0.01%
24,380
+100
+0.4% +$4.73K
SMG icon
717
ScottsMiracle-Gro
SMG
$3.66B
$1.17M 0.01%
11,475
-200
-2% -$20.9K
IPGP icon
718
IPG Photonics
IPGP
$3.84B
$1.17M 0.01%
8,600
+100
+1% +$13.2K
VYX icon
719
NCR Voyix
VYX
$1.14B
$1.17M 0.01%
60,212
+2,282
+4% +$44.1K
VAC icon
720
Marriott Vacations Worldwide
VAC
$4.25B
$1.16M 0.01%
11,200
-300
-3% -$29.5K
SF
721
Stifel
SF
$12.6B
$1.16M 0.01%
45,450
-1,575
-3% -$39.6K
SIX
722
DELISTED
Six Flags Entertainment Corp.
SIX
$1.16M 0.01%
22,800
+1,600
+8% +$86.8K
M icon
723
Macy's
M
$6.68B
$1.15M 0.01%
74,230
+300
+0.4% +$5.55K
ROL icon
724
Rollins
ROL
$18.2B
$1.15M 0.01%
50,712
-2,250
-4% -$51.7K
HELE icon
725
Helen of Troy
HELE
$693M
$1.15M 0.01%
7,300
-100
-1% -$14.9K
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 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.