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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
RAMP icon
776
LiveRamp
RAMP
$2.3B
$989K 0.01%
20,400
-3,900
-16% -$211K
MSM icon
777
MSC Industrial Direct
MSM
$6.86B
$988K 0.01%
13,300
-2,800
-17% -$216K
SAM icon
778
Boston Beer
SAM
$1.92B
$982K 0.01%
2,600
-500
-16% -$158K
COHR
779
DELISTED
Coherent Inc
COHR
$982K 0.01%
7,200
-1,500
-17% -$203K
LM
780
DELISTED
Legg Mason, Inc.
LM
$980K 0.01%
25,600
-4,900
-16% -$169K
WRI
781
DELISTED
Weingarten Realty Investors
WRI
$971K 0.01%
35,400
-7,200
-17% -$207K
TGNA
782
DELISTED
TEGNA Inc
TGNA
$970K 0.01%
64,000
-12,900
-17% -$199K
PRSP
783
DELISTED
Perspecta Inc. Common Stock
PRSP
$969K 0.01%
41,400
-8,700
-17% -$195K
HELE icon
784
Helen of Troy
HELE
$693M
$966K 0.01%
7,400
-1,700
-19% -$222K
COTY icon
785
Coty
COTY
$2.48B
$965K 0.01%
71,989
-57,900
-45% -$712K
RIG icon
786
Transocean
RIG
$5.82B
$963K 0.01%
150,300
-30,200
-17% -$224K
GMED icon
787
Globus Medical
GMED
$11.2B
$960K 0.01%
22,700
-4,400
-16% -$191K
LPX icon
788
Louisiana-Pacific
LPX
$5.49B
$957K 0.01%
36,499
-11,800
-24% -$289K
SMTC icon
789
Semtech
SMTC
$13B
$947K 0.01%
+19,700
New +$957K
EFOR
790
Everforth Inc
EFOR
$1.32B
$945K 0.01%
15,600
-3,200
-17% -$192K
MTZ icon
791
MasTec
MTZ
$21.9B
$943K 0.01%
18,300
-3,700
-17% -$183K
ATI icon
792
ATI
ATI
$31B
$940K 0.01%
37,300
-7,500
-17% -$183K
WWE
793
DELISTED
World Wrestling Entertainment
WWE
$932K 0.01%
12,900
-2,700
-17% -$221K
FHI icon
794
Federated Hermes
FHI
$4.72B
$926K 0.01%
28,500
-5,600
-16% -$177K
SYNH
795
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$925K 0.01%
18,100
-3,600
-17% -$168K
SXT icon
796
Sensient Technologies
SXT
$5.53B
$924K 0.01%
12,570
-2,500
-17% -$177K
TREE icon
797
LendingTree
TREE
$451M
$924K 0.01%
2,200
-500
-19% -$191K
R icon
798
Ryder
R
$10.1B
$921K 0.01%
15,800
-3,100
-16% -$184K
ACHC icon
799
Acadia Healthcare
ACHC
$2.94B
$919K 0.01%
26,300
-5,200
-17% -$168K
TCBI icon
800
Texas Capital Bancshares
TCBI
$4.32B
$914K 0.01%
14,900
-3,000
-17% -$182K
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 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.