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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
CVX icon
51
Chevron
CVX
$366B
$54.1M 0.49%
456,368
+300
+0.1% +$36.4K
ADP icon
52
Automatic Data Processing
ADP
$108B
$52M 0.47%
322,281
+100
+0% +$16.5K
CBRE icon
53
CBRE Group
CBRE
$42.9B
$51.5M 0.47%
971,832
+6,000
+0.6% +$316K
CVS icon
54
CVS Health
CVS
$122B
$51.3M 0.46%
813,638
+12,671
+2% +$751K
PFE icon
55
Pfizer
PFE
$153B
$50.5M 0.46%
1,481,951
+632
+0% +$23K
KO icon
56
Coca-Cola
KO
$375B
$50.4M 0.46%
925,238
+6,000
+0.7% +$321K
MO icon
57
Altria Group
MO
$114B
$49.4M 0.45%
1,206,902
+1,200
+0.1% +$55.2K
BA icon
58
Boeing
BA
$185B
$48.9M 0.44%
128,550
+3,300
+3% +$1.18M
DAL icon
59
Delta Air Lines
DAL
$60.1B
$48.6M 0.44%
843,532
-3,500
-0.4% -$207K
CTAS icon
60
Cintas
CTAS
$81.3B
$48.2M 0.44%
719,868
-1,200
-0.2% -$76.8K
GILD icon
61
Gilead Sciences
GILD
$165B
$48.1M 0.44%
758,289
+100
+0% +$6.54K
FIS icon
62
Fidelity National Information Services
FIS
$22.1B
$46.1M 0.42%
347,456
+59,400
+21% +$7.89M
PEP icon
63
PepsiCo
PEP
$190B
$46.1M 0.42%
336,129
+500
+0.1% +$66.4K
LYB icon
64
LyondellBasell Industries
LYB
$19.2B
$45.5M 0.41%
508,704
-10,600
-2% -$864K
ISRG icon
65
Intuitive Surgical
ISRG
$134B
$44.6M 0.4%
248,004
+48,000
+24% +$8.3M
DGX icon
66
Quest Diagnostics
DGX
$26.3B
$43.8M 0.4%
408,863
+200
+0% +$20.5K
AZO icon
67
AutoZone
AZO
$51.1B
$42.3M 0.38%
38,964
– –
ITW icon
68
Illinois Tool Works
ITW
$84.5B
$42M 0.38%
268,197
-1,000
-0.4% -$152K
SPNT icon
69
SiriusPoint
SPNT
$2.68B
$42M 0.38%
4,200,000
– –
WMT icon
70
Walmart Inc
WMT
$890B
$40.6M 0.37%
1,025,802
+21,000
+2% +$793K
FISV
71
Fiserv Inc
FISV
$27.9B
$40.1M 0.36%
386,706
+43,300
+13% +$4.42M
MCD icon
72
McDonald's
MCD
$195B
$39.2M 0.36%
182,557
-200
-0.1% -$42.9K
APD icon
73
Air Products & Chemicals
APD
$67.6B
$38.4M 0.35%
173,002
+45,300
+35% +$10.2M
IQV icon
74
IQVIA
IQV
$39.3B
$37.7M 0.34%
252,300
+6,000
+2% +$934K
C icon
75
Citigroup
C
$226B
$37.5M 0.34%
543,156
-10,500
-2% -$714K
1 2
3
4 5

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FAM
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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)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.