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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
TRIP icon
776
TripAdvisor
TRIP
$1.26B
$977K 0.01%
25,254
+500
+2% +$20.8K
GT icon
777
Goodyear
GT
$1.85B
$971K 0.01%
67,416
-1,400
-2% -$18.6K
CDP icon
778
COPT Defense Properties
CDP
$4.21B
$968K 0.01%
32,500
-600
-2% -$17K
EFOR
779
Everforth Inc
EFOR
$1.32B
$962K 0.01%
15,300
-300
-2% -$18.5K
SYNH
780
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$958K 0.01%
18,000
-100
-0.6% -$5.13K
OZK icon
781
Bank OZK
OZK
$5.61B
$957K 0.01%
35,100
-700
-2% -$19.5K
NUVA
782
DELISTED
NuVasive, Inc.
NUVA
$957K 0.01%
15,100
-300
-2% -$18.8K
ASB icon
783
Associated Banc-Corp
ASB
$5.91B
$954K 0.01%
47,089
-1,400
-3% -$28.3K
OPLN
784
Openlane
OPLN
$4.54B
$950K 0.01%
+38,700
New +$991K
MSM icon
785
MSC Industrial Direct
MSM
$6.86B
$950K 0.01%
13,100
-200
-2% -$14K
SMTC icon
786
Semtech
SMTC
$13B
$938K 0.01%
19,300
-400
-2% -$19K
OLLI icon
787
Ollie's Bargain Outlet
OLLI
$4.94B
$932K 0.01%
15,900
+500
+3% +$37.5K
EVR icon
788
Evercore
EVR
$11.8B
$929K 0.01%
11,600
-600
-5% -$49.7K
CRUS icon
789
Cirrus Logic
CRUS
$6.26B
$906K 0.01%
16,900
-300
-2% -$15.3K
THO icon
790
Thor Industries
THO
$4.14B
$906K 0.01%
16,000
+500
+3% +$26.2K
LM
791
DELISTED
Legg Mason, Inc.
LM
$905K 0.01%
23,700
-1,900
-7% -$71.9K
FHI icon
792
Federated Hermes
FHI
$4.72B
$904K 0.01%
27,900
-600
-2% -$19.7K
THS
793
DELISTED
Treehouse Foods
THS
$904K 0.01%
16,300
-300
-2% -$16.4K
UAA icon
794
Under Armour
UAA
$2.6B
$902K 0.01%
45,256
+200
+0.4% +$4.41K
GAP
795
The Gap Inc
GAP
$7.37B
$895K 0.01%
51,546
+900
+2% +$16K
ICUI icon
796
ICU Medical
ICUI
$4.61B
$894K 0.01%
5,600
+700
+14% +$139K
RRX icon
797
Regal Rexnord
RRX
$11.9B
$889K 0.01%
12,200
-500
-4% -$37.7K
LPX icon
798
Louisiana-Pacific
LPX
$5.49B
$882K 0.01%
35,899
-600
-2% -$14.8K
VMI icon
799
Valmont Industries
VMI
$9.53B
$872K 0.01%
6,300
-200
-3% -$26.8K
AN icon
800
AutoNation
AN
$6.92B
$867K 0.01%
17,100
+200
+1% +$9.42K
30 31
32
33 34

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FAM
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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)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.