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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
RTN
51
DELISTED
Raytheon Company
RTN
$52.3M 0.47%
300,636
-14,700
-5% -$2.64M
ABBV icon
52
AbbVie
ABBV
$434B
$52.1M 0.47%
716,603
-71,200
-9% -$5.6M
GILD icon
53
Gilead Sciences
GILD
$166B
$51.2M 0.46%
758,189
-63,200
-8% -$4.16M
CBRE icon
54
CBRE Group
CBRE
$43.1B
$49.5M 0.45%
965,832
-15,200
-2% -$755K
DAL icon
55
Delta Air Lines
DAL
$60.2B
$48.1M 0.43%
847,032
-35,400
-4% -$1.98M
KO icon
56
Coca-Cola
KO
$375B
$46.8M 0.42%
919,238
-189,600
-17% -$9.29M
BA icon
57
Boeing
BA
$186B
$45.6M 0.41%
125,250
-26,200
-17% -$9.55M
LYB icon
58
LyondellBasell Industries
LYB
$19.4B
$44.7M 0.4%
519,304
-15,000
-3% -$1.28M
PEP icon
59
PepsiCo
PEP
$190B
$44M 0.4%
335,629
-69,200
-17% -$8.87M
CVS icon
60
CVS Health
CVS
$122B
$43.6M 0.39%
800,967
-62,800
-7% -$3.38M
SPNT icon
61
SiriusPoint
SPNT
$2.68B
$43.3M 0.39%
4,200,000
– –
AZO icon
62
AutoZone
AZO
$50.8B
$42.8M 0.39%
38,964
-1,300
-3% -$1.37M
CTAS icon
63
Cintas
CTAS
$81.3B
$42.8M 0.39%
721,068
-16,400
-2% -$907K
DGX icon
64
Quest Diagnostics
DGX
$26.3B
$41.6M 0.38%
408,663
-6,500
-2% -$625K
PYPL icon
65
PayPal
PYPL
$50.4B
$41.1M 0.37%
359,334
+21,200
+6% +$2.35M
ITW icon
66
Illinois Tool Works
ITW
$85.3B
$40.6M 0.37%
269,197
-15,200
-5% -$2.29M
IQV icon
67
IQVIA
IQV
$39B
$39.6M 0.36%
246,300
+91,700
+59% +$12.9M
DXC icon
68
DXC Technology
DXC
$1.75B
$39.5M 0.36%
717,000
-104,025
-13% -$6.02M
GPN icon
69
Global Payments
GPN
$22.7B
$39.3M 0.36%
245,464
-78,000
-24% -$11.6M
C icon
70
Citigroup
C
$226B
$38.8M 0.35%
553,656
-124,000
-18% -$8.3M
NFLX icon
71
Netflix
NFLX
$310B
$38.4M 0.35%
1,046,340
-212,000
-17% -$7.65M
EEFT icon
72
Euronet Worldwide
EEFT
$2.7B
$38M 0.34%
225,830
– –
MCD icon
73
McDonald's
MCD
$194B
$38M 0.34%
182,757
-37,800
-17% -$7.49M
WMT icon
74
Walmart Inc
WMT
$890B
$37M 0.33%
1,004,802
-225,900
-18% -$7.79M
BRK.A icon
75
Berkshire Hathaway Class A
BRK.A
$1.12T
$36.9M 0.33%
116
– –
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 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.