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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
NWE icon
751
NorthWestern Energy
NWE
$4.43B
$1.07M 0.01%
14,900
-3,000
-17% -$213K
CLH icon
752
Clean Harbors
CLH
$16.3B
$1.07M 0.01%
15,000
-3,100
-17% -$216K
TXRH icon
753
Texas Roadhouse
TXRH
$13.7B
$1.06M 0.01%
19,800
-4,000
-17% -$225K
HQY icon
754
HealthEquity
HQY
$8.75B
$1.06M 0.01%
16,200
-3,100
-16% -$216K
VLY icon
755
Valley National Bancorp
VLY
$8.04B
$1.06M 0.01%
98,214
-20,100
-17% -$206K
WEN icon
756
Wendy's
WEN
$1.46B
$1.06M 0.01%
53,943
-10,900
-17% -$205K
GT icon
757
Goodyear
GT
$1.85B
$1.05M 0.01%
68,816
-14,000
-17% -$236K
SIX
758
DELISTED
Six Flags Entertainment Corp.
SIX
$1.05M 0.01%
21,200
-4,300
-17% -$222K
SBRA icon
759
Sabra Healthcare REIT
SBRA
$5.37B
$1.05M 0.01%
53,100
-10,500
-17% -$205K
AMED
760
DELISTED
Amedisys
AMED
$1.04M 0.01%
8,600
-1,800
-17% -$214K
KBR icon
761
KBR
KBR
$4.8B
$1.04M 0.01%
41,842
-8,400
-17% -$188K
NEU icon
762
NewMarket
NEU
$8.18B
$1.04M 0.01%
2,600
-500
-16% -$207K
TKR icon
763
Timken Company
TKR
$9.03B
$1.04M 0.01%
20,300
-4,000
-16% -$191K
JHG
764
DELISTED
Janus Henderson
JHG
$1.04M 0.01%
48,537
-10,300
-18% -$235K
RRX icon
765
Regal Rexnord
RRX
$11.9B
$1.04M 0.01%
12,700
-2,600
-17% -$209K
UA icon
766
Under Armour Class C
UA
$2.53B
$1.03M 0.01%
46,499
-9,000
-16% -$187K
LIVN icon
767
LivaNova
LIVN
$4.2B
$1.03M 0.01%
14,300
-3,100
-18% -$227K
ASB icon
768
Associated Banc-Corp
ASB
$5.91B
$1.02M 0.01%
48,489
-10,100
-17% -$219K
HWC icon
769
Hancock Whitney
HWC
$6.24B
$1.02M 0.01%
25,400
-5,100
-17% -$210K
UTHR icon
770
United Therapeutics
UTHR
$23.1B
$1.01M 0.01%
13,000
-2,600
-17% -$243K
TCF
771
DELISTED
TCF Financial Corporation
TCF
$1.01M 0.01%
48,560
-9,900
-17% -$207K
BOH icon
772
Bank of Hawaii
BOH
$3.13B
$1M 0.01%
12,090
-2,600
-18% -$209K
CLGX
773
DELISTED
Corelogic, Inc.
CLGX
$1M 0.01%
23,900
-4,600
-16% -$188K
SGI
774
Somnigroup International
SGI
$13.7B
$998K 0.01%
54,400
-11,200
-17% -$181K
PSB
775
DELISTED
PS Business Parks, Inc.
PSB
$994K 0.01%
+5,900
New +$944K
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 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.