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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
KMT icon
776
Kennametal
KMT
$2.52B
$1.31M 0.01%
30,160
+100
+0.3% +$3.97K
WRI
777
DELISTED
Weingarten Realty Investors
WRI
$1.31M 0.01%
44,100
+200
+0.5% +$6.07K
BCO icon
778
Brink's
BCO
$4.62B
$1.31M 0.01%
18,800
+100
+0.5% +$7.72K
CBRL icon
779
Cracker Barrel
CBRL
$1.29B
$1.31M 0.01%
8,900
+100
+1% +$15K
UNIT
780
Uniti Group
UNIT
$2.32B
$1.31M 0.01%
64,940
+4,100
+7% +$81.2K
HOMB icon
781
Home BancShares
HOMB
$6.18B
$1.3M 0.01%
59,400
+1,300
+2% +$30.2K
RRC icon
782
Range Resources
RRC
$8.95B
$1.3M 0.01%
76,600
-6,900
-8% -$111K
ENR icon
783
Energizer
ENR
$1.55B
$1.3M 0.01%
22,144
+200
+0.9% +$12.6K
AVNT icon
784
Avient
AVNT
$4.19B
$1.29M 0.01%
29,600
+100
+0.3% +$4.37K
CNO icon
785
CNO Financial Group
CNO
$5.1B
$1.29M 0.01%
60,900
-700
-1% -$14.7K
SFM icon
786
Sprouts Farmers Market
SFM
$8.01B
$1.29M 0.01%
47,000
+1,800
+4% +$44.2K
TKR icon
787
Timken Company
TKR
$9.03B
$1.28M 0.01%
25,700
+500
+2% +$23.6K
HELE icon
788
Helen of Troy
HELE
$693M
$1.27M 0.01%
9,700
-100
-1% -$11.8K
FLO icon
789
Flowers Foods
FLO
$1.57B
$1.27M 0.01%
67,850
-500
-0.7% -$10.1K
MTDR icon
790
Matador Resources
MTDR
$6.09B
$1.27M 0.01%
38,300
+200
+0.5% +$6.39K
SIG icon
791
Signet Jewelers
SIG
$3.76B
$1.27M 0.01%
19,200
-2,500
-12% -$154K
SAIC icon
792
Saic
SAIC
$5.35B
$1.26M 0.01%
15,685
+100
+0.6% +$8.5K
ADNT icon
793
Adient
ADNT
$1.5B
$1.26M 0.01%
+32,100
New +$1.45M
CHX
794
DELISTED
ChampionX
CHX
$1.25M 0.01%
28,631
+100
+0.4% +$4.19K
VYX icon
795
NCR Voyix
VYX
$1.14B
$1.24M 0.01%
71,133
+163
+0.2% +$2.9K
CMD
796
DELISTED
Cantel Medical Corporation
CMD
$1.23M 0.01%
13,400
+300
+2% +$28.6K
MDR
797
DELISTED
McDermott International
MDR
$1.23M 0.01%
66,799
+600
+0.9% +$11.2K
BOH icon
798
Bank of Hawaii
BOH
$3.13B
$1.23M 0.01%
15,590
– –
CHDN icon
799
Churchill Downs
CHDN
$6.12B
$1.23M 0.01%
26,484
+1,200
+5% +$56.9K
UFS
800
DELISTED
DOMTAR CORPORATION (New)
UFS
$1.22M 0.01%
23,300
+200
+0.9% +$10.1K
30 31
32
33 34

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.