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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
TCF
751
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.41M 0.01%
26,400
+100
+0.4% +$5.66K
CHRD icon
752
Chord Energy
CHRD
$7.39B
$1.4M 0.01%
98,800
+600
+0.6% +$7.6K
LPX icon
753
Louisiana-Pacific
LPX
$5.49B
$1.4M 0.01%
52,799
-700
-1% -$19.9K
SKX
754
DELISTED
Skechers
SKX
$1.4M 0.01%
50,000
– –
UBSI icon
755
United Bankshares
UBSI
$6.62B
$1.4M 0.01%
38,400
-300
-0.8% -$11.4K
AAN.A
756
DELISTED
The Aaron's Company Inc Class A
AAN.A
$1.39M 0.01%
25,600
+2,800
+12% +$152K
PTEN icon
757
Patterson-UTI
PTEN
$3.76B
$1.39M 0.01%
81,400
-300
-0.4% -$5.15K
LITE icon
758
Lumentum
LITE
$69.3B
$1.39M 0.01%
23,200
– –
CUZ icon
759
Cousins Properties
CUZ
$4.88B
$1.38M 0.01%
38,875
+175
+0.5% +$6.52K
VLY icon
760
Valley National Bancorp
VLY
$8.04B
$1.38M 0.01%
122,614
+25,000
+26% +$302K
ATI icon
761
ATI
ATI
$31B
$1.37M 0.01%
46,500
+200
+0.4% +$5.38K
MSA icon
762
Mine Safety
MSA
$7.49B
$1.37M 0.01%
12,900
+300
+2% +$30.3K
ESV
763
DELISTED
Ensco Rowan plc
ESV
$1.36M 0.01%
40,425
+175
+0.4% +$5K
ENS icon
764
EnerSys
ENS
$6.99B
$1.36M 0.01%
15,600
+100
+0.6% +$8.03K
PRSP
765
DELISTED
Perspecta Inc. Common Stock
PRSP
$1.35M 0.01%
52,700
+200
+0.4% +$4.67K
HR
766
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.35M 0.01%
46,300
+200
+0.4% +$5.97K
CLH icon
767
Clean Harbors
CLH
$16.3B
$1.35M 0.01%
18,900
+100
+0.5% +$6.36K
TCO
768
DELISTED
Taubman Centers Inc.
TCO
$1.35M 0.01%
22,600
+100
+0.4% +$6.17K
NUVA
769
DELISTED
NuVasive, Inc.
NUVA
$1.35M 0.01%
19,000
+100
+0.5% +$6.36K
SF
770
Stifel
SF
$12.6B
$1.35M 0.01%
59,175
-225
-0.4% -$5.42K
NEU icon
771
NewMarket
NEU
$8.18B
$1.34M 0.01%
3,300
-100
-3% -$40K
MANH icon
772
Manhattan Associates
MANH
$11.4B
$1.33M 0.01%
24,300
-300
-1% -$16K
RRX icon
773
Regal Rexnord
RRX
$11.9B
$1.33M 0.01%
16,100
-100
-0.6% -$8.31K
VSAT icon
774
Viasat
VSAT
$11.1B
$1.32M 0.01%
20,700
+500
+2% +$32.9K
DECK icon
775
Deckers Outdoor
DECK
$13.3B
$1.32M 0.01%
66,600
-600
-0.9% -$11.6K
29 30
31
32 33

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.