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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
+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
COR
726
DELISTED
Coresite Realty Corporation
COR
$1.51M 0.01%
13,600
+900
+7% +$102K
EXP icon
727
Eagle Materials
EXP
$6.57B
$1.51M 0.01%
17,700
– –
NWSA icon
728
News Corp Class A
NWSA
$15.4B
$1.51M 0.01%
114,239
+800
+0.7% +$11.2K
HWC icon
729
Hancock Whitney
HWC
$6.24B
$1.5M 0.01%
31,600
+200
+0.6% +$10.1K
NJR icon
730
New Jersey Resources
NJR
$5.58B
$1.5M 0.01%
32,600
+300
+0.9% +$13.8K
SRCL
731
DELISTED
Stericycle Inc
SRCL
$1.5M 0.01%
25,581
+200
+0.8% +$12.8K
MSM icon
732
MSC Industrial Direct
MSM
$6.86B
$1.5M 0.01%
17,000
+100
+0.6% +$8.53K
AGCO icon
733
AGCO
AGCO
$7.2B
$1.5M 0.01%
24,600
+300
+1% +$18.1K
WBD icon
734
Warner Bros
WBD
$67.1B
$1.49M 0.01%
46,549
+300
+0.6% +$8.45K
PWR icon
735
Quanta Services
PWR
$101B
$1.48M 0.01%
44,356
+100
+0.2% +$3.4K
TCF
736
DELISTED
TCF Financial Corporation
TCF
$1.48M 0.01%
62,060
+100
+0.2% +$2.54K
CLGX
737
DELISTED
Corelogic, Inc.
CLGX
$1.48M 0.01%
29,900
-200
-0.7% -$10.2K
JBGS
738
JBG SMITH
JBGS
$708M
$1.47M 0.01%
40,025
+5,700
+17% +$210K
SLAB icon
739
Silicon Laboratories
SLAB
$7.23B
$1.47M 0.01%
16,000
+100
+0.6% +$9.77K
FR icon
740
First Industrial Realty Trust
FR
$8.44B
$1.46M 0.01%
46,600
+400
+0.9% +$13K
VSM
741
DELISTED
Versum Materials, Inc.
VSM
$1.45M 0.01%
40,301
+200
+0.5% +$7.53K
SWX icon
742
Southwest Gas
SWX
$6.67B
$1.44M 0.01%
18,200
+400
+2% +$31.6K
MBFI
743
DELISTED
MB Financial Corp
MBFI
$1.43M 0.01%
31,100
+100
+0.3% +$4.8K
ZD icon
744
Ziff Davis
ZD
$1.98B
$1.43M 0.01%
19,895
-920
-4% -$67.3K
HE icon
745
Hawaiian Electric Industries
HE
$2.14B
$1.43M 0.01%
40,240
+200
+0.5% +$7.04K
R icon
746
Ryder
R
$10.1B
$1.43M 0.01%
19,600
– –
CBT icon
747
Cabot Corp
CBT
$4.52B
$1.43M 0.01%
22,780
– –
ALE
748
DELISTED
Allete
ALE
$1.43M 0.01%
19,000
+100
+0.5% +$7.67K
WOLF icon
749
Wolfspeed
WOLF
$1.71B
$1.42M 0.01%
37,600
+600
+2% +$27.3K
LHO
750
DELISTED
LaSalle Hotel Properties
LHO
$1.41M 0.01%
40,800
+100
+0.2% +$3.46K
28 29
30
31 32

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.