We are live on ! Find out more
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
BKNG icon
51
Booking.com
BKNG
$161B
$61.8M 0.45%
778,125
-2,500
-0.3% -$197K
AMGN icon
52
Amgen
AMGN
$222B
$59.6M 0.44%
287,294
-4,300
-1% -$847K
USB icon
53
US Bancorp
USB
$99.6B
$59.4M 0.43%
1,124,842
-406,200
-27% -$21.5M
MRK icon
54
Merck
MRK
$318B
$59M 0.43%
871,463
-4,297
-0.5% -$274K
RCL icon
55
Royal Caribbean
RCL
$85.6B
$56.8M 0.42%
437,072
+900
+0.2% +$105K
SHW icon
56
Sherwin-Williams
SHW
$89.8B
$56.7M 0.41%
373,473
-164,700
-31% -$24.4M
TJX icon
57
TJX Companies
TJX
$178B
$55.6M 0.41%
993,580
+2,400
+0.2% +$123K
RITM icon
58
Rithm Capital
RITM
$5.69B
$55.2M 0.4%
3,096,176
+2,426,176
+362% +$44.2M
XLF icon
59
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$54.9M 0.4%
1,990,600
– –
C icon
60
Citigroup
C
$226B
$53.8M 0.39%
749,856
-5,100
-0.7% -$361K
KO icon
61
Coca-Cola
KO
$375B
$52.7M 0.39%
1,140,538
+6,700
+0.6% +$306K
ALXN
62
DELISTED
Alexion Pharmaceuticals
ALXN
$50.9M 0.37%
366,378
+500
+0.1% +$62.7K
NVDA icon
63
NVIDIA
NVDA
$5.42T
$50.9M 0.37%
7,247,680
+60,000
+0.8% +$390K
XYZ
64
Block Inc
XYZ
$47.5B
$49.5M 0.36%
500,000
-970,500
-66% -$74.9M
NFLX icon
65
Netflix
NFLX
$309B
$48.5M 0.36%
1,297,340
+10,000
+0.8% +$363K
CMCSA icon
66
Comcast
CMCSA
$90B
$48.2M 0.35%
1,362,522
+2,900
+0.2% +$103K
WBA
67
DELISTED
Walgreens Boots Alliance
WBA
$48.1M 0.35%
660,061
-1,100
-0.2% -$74.7K
LMT icon
68
Lockheed Martin
LMT
$136B
$47.8M 0.35%
138,218
+300
+0.2% +$96.8K
XLI icon
69
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
$47.4M 0.35%
604,400
+103,500
+21% +$7.89M
PEP icon
70
PepsiCo
PEP
$190B
$47.1M 0.34%
421,429
+1,600
+0.4% +$181K
BMY icon
71
Bristol-Myers Squibb
BMY
$132B
$46.7M 0.34%
752,917
+2,300
+0.3% +$136K
IDXX icon
72
Idexx Laboratories
IDXX
$46.2B
$45.1M 0.33%
180,800
+155,100
+604% +$37.6M
DD icon
73
DuPont de Nemours
DD
$19.2B
$44.2M 0.32%
271,494
+158
+0.1% +$27.2K
HCA icon
74
HCA Healthcare
HCA
$89.5B
$41.8M 0.31%
300,620
-2,300
-0.8% -$286K
WMT icon
75
Walmart Inc
WMT
$890B
$40.2M 0.29%
1,282,902
-2,100
-0.2% -$64.2K
1 2
3
4 5

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.