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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
CC icon
726
Chemours
CC
$2.37B
$1.16M 0.01%
48,500
-11,000
-18% -$324K
RYN icon
727
Rayonier
RYN
$6.55B
$1.16M 0.01%
42,335
-8,488
-17% -$237K
WBD icon
728
Warner Bros
WBD
$67.1B
$1.16M 0.01%
37,749
-7,500
-17% -$218K
SMG icon
729
ScottsMiracle-Gro
SMG
$3.66B
$1.15M 0.01%
11,675
-2,300
-16% -$205K
MAT icon
730
Mattel
MAT
$4.23B
$1.15M 0.01%
102,261
+2,700
+3% +$31.7K
TRIP icon
731
TripAdvisor
TRIP
$1.26B
$1.15M 0.01%
24,754
-4,900
-17% -$239K
UAA icon
732
Under Armour
UAA
$2.6B
$1.14M 0.01%
45,056
-9,100
-17% -$213K
CNK icon
733
Cinemark Holdings
CNK
$4.32B
$1.14M 0.01%
31,500
-6,500
-17% -$257K
TECD
734
DELISTED
Tech Data Corp
TECD
$1.14M 0.01%
10,850
-2,500
-19% -$254K
FNB icon
735
FNB Corp
FNB
$6.75B
$1.13M 0.01%
96,100
-19,600
-17% -$226K
AMG icon
736
Affiliated Managers Group
AMG
$9.76B
$1.13M 0.01%
12,256
-2,700
-18% -$265K
FL
737
DELISTED
Foot Locker
FL
$1.13M 0.01%
26,928
-5,600
-17% -$291K
ACIW icon
738
ACI Worldwide
ACIW
$5.42B
$1.13M 0.01%
32,750
-8,700
-21% -$288K
UBSI icon
739
United Bankshares
UBSI
$6.62B
$1.12M 0.01%
30,200
-6,200
-17% -$233K
AXON
740
Axon Enterprise
AXON
$46.4B
$1.12M 0.01%
+17,400
New +$1.13M
PBF icon
741
PBF Energy
PBF
$7.31B
$1.11M 0.01%
35,500
-7,200
-17% -$215K
VAC icon
742
Marriott Vacations Worldwide
VAC
$4.25B
$1.11M 0.01%
11,500
-2,500
-18% -$247K
VYX icon
743
NCR Voyix
VYX
$1.14B
$1.1M 0.01%
57,930
-11,247
-16% -$209K
MSA icon
744
Mine Safety
MSA
$7.49B
$1.1M 0.01%
10,400
-2,100
-17% -$221K
PEB icon
745
Pebblebrook Hotel Trust
PEB
$2.05B
$1.09M 0.01%
38,656
-7,900
-17% -$239K
VVV icon
746
Valvoline
VVV
$4.51B
$1.09M 0.01%
55,728
-11,300
-17% -$209K
UMPQ
747
DELISTED
Umpqua Holdings Corp
UMPQ
$1.08M 0.01%
65,300
-13,200
-17% -$223K
LOGM
748
DELISTED
LogMein, Inc.
LOGM
$1.08M 0.01%
14,702
-3,400
-19% -$263K
EVR icon
749
Evercore
EVR
$11.8B
$1.08M 0.01%
12,200
-2,400
-16% -$214K
OZK icon
750
Bank OZK
OZK
$5.61B
$1.08M 0.01%
35,800
-7,300
-17% -$226K
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 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.