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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
CLH icon
726
Clean Harbors
CLH
$16.3B
$1.15M 0.01%
14,900
-100
-0.7% -$7.4K
FCFS icon
727
FirstCash
FCFS
$8.78B
$1.15M 0.01%
+12,500
New +$1.24M
MAT icon
728
Mattel
MAT
$4.23B
$1.14M 0.01%
100,261
-2,000
-2% -$22.9K
HRB icon
729
H&R Block
HRB
$5.86B
$1.14M 0.01%
48,298
-400
-0.8% -$10.6K
CBRL icon
730
Cracker Barrel
CBRL
$1.29B
$1.14M 0.01%
7,000
-100
-1% -$16.8K
MTZ icon
731
MasTec
MTZ
$21.9B
$1.14M 0.01%
17,500
-800
-4% -$46.7K
GMED icon
732
Globus Medical
GMED
$11.2B
$1.14M 0.01%
22,200
-500
-2% -$23.8K
MSA icon
733
Mine Safety
MSA
$7.49B
$1.12M 0.01%
10,300
-100
-1% -$10.5K
UBSI icon
734
United Bankshares
UBSI
$6.62B
$1.12M 0.01%
29,600
-600
-2% -$22.2K
NSP icon
735
Insperity
NSP
$2.01B
$1.1M 0.01%
11,200
+100
+0.9% +$10.9K
EXP icon
736
Eagle Materials
EXP
$6.57B
$1.1M 0.01%
12,200
-900
-7% -$77.2K
NWE icon
737
NorthWestern Energy
NWE
$4.43B
$1.1M 0.01%
14,600
-300
-2% -$21.6K
BBWI icon
738
Bath & Body Works
BBWI
$4.1B
$1.09M 0.01%
69,079
+1,113
+2% +$19.6K
SLM icon
739
SLM Corp
SLM
$5.15B
$1.09M 0.01%
123,725
-4,200
-3% -$37.8K
FNB icon
740
FNB Corp
FNB
$6.75B
$1.09M 0.01%
94,300
-1,800
-2% -$20.3K
TECD
741
DELISTED
Tech Data Corp
TECD
$1.08M 0.01%
10,350
-500
-5% -$48.7K
COHR
742
DELISTED
Coherent Inc
COHR
$1.08M 0.01%
7,000
-200
-3% -$28.9K
CLGX
743
DELISTED
Corelogic, Inc.
CLGX
$1.07M 0.01%
23,200
-700
-3% -$32.2K
WEN icon
744
Wendy's
WEN
$1.46B
$1.07M 0.01%
53,543
-400
-0.7% -$7.97K
RYN icon
745
Rayonier
RYN
$6.55B
$1.06M 0.01%
41,454
-881
-2% -$22.6K
ACIW icon
746
ACI Worldwide
ACIW
$5.42B
$1.06M 0.01%
33,850
+1,100
+3% +$34.9K
WTFC icon
747
Wintrust Financial
WTFC
$10.7B
$1.06M 0.01%
16,400
-400
-2% -$26.5K
PSB
748
DELISTED
PS Business Parks, Inc.
PSB
$1.05M 0.01%
5,800
-100
-2% -$17.6K
HP icon
749
Helmerich & Payne
HP
$3.71B
$1.05M 0.01%
26,292
-200
-0.8% -$8.82K
PEB icon
750
Pebblebrook Hotel Trust
PEB
$2.05B
$1.05M 0.01%
37,856
-800
-2% -$21.9K
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 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.