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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
GATX icon
801
GATX Corp
GATX
$6.27B
$1.21M 0.01%
13,990
+100
+0.7% +$8.28K
NYT icon
802
New York Times
NYT
$10.2B
$1.21M 0.01%
52,200
+5,100
+11% +$122K
ACIW icon
803
ACI Worldwide
ACIW
$5.42B
$1.21M 0.01%
42,850
– –
SM icon
804
SM Energy
SM
$6.87B
$1.2M 0.01%
38,200
+400
+1% +$11.5K
AVNS
805
DELISTED
Avanos Medical
AVNS
$1.2M 0.01%
+17,520
New +$1.13M
SXT icon
806
Sensient Technologies
SXT
$5.53B
$1.2M 0.01%
15,670
+100
+0.6% +$7.13K
EVOK
807
DELISTED
Evoke Pharma
EVOK
$1.19M 0.01%
2,778
– –
WEN icon
808
Wendy's
WEN
$1.46B
$1.19M 0.01%
69,243
+3,200
+5% +$55.9K
UMBF icon
809
UMB Financial
UMBF
$11.1B
$1.18M 0.01%
16,700
+500
+3% +$37.6K
CATY icon
810
Cathay General Bancorp
CATY
$4.24B
$1.18M 0.01%
28,500
+400
+1% +$16.8K
UAA icon
811
Under Armour
UAA
$2.6B
$1.18M 0.01%
55,456
+400
+0.7% +$8.33K
NAVI icon
812
Navient
NAVI
$853M
$1.17M 0.01%
87,100
-10,400
-11% -$141K
KLXI
813
DELISTED
KLX Inc.
KLXI
$1.17M 0.01%
18,700
-3,478
-16% -$214K
CZR icon
814
Caesars Entertainment
CZR
$6.14B
$1.17M 0.01%
+24,000
New +$1.09M
TXNM
815
TXNM Energy Inc
TXNM
$5.94B
$1.16M 0.01%
29,434
+100
+0.3% +$3.92K
SYNH
816
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$1.16M 0.01%
22,500
+2,100
+10% +$103K
URBN icon
817
Urban Outfitters
URBN
$6.59B
$1.15M 0.01%
28,200
-1,400
-5% -$62.9K
BKH icon
818
Black Hills Corp
BKH
$5.69B
$1.15M 0.01%
19,790
+100
+0.5% +$6.01K
VMI icon
819
Valmont Industries
VMI
$9.53B
$1.15M 0.01%
8,300
– –
ACHC icon
820
Acadia Healthcare
ACHC
$2.94B
$1.15M 0.01%
32,600
+2,400
+8% +$95.6K
SMG icon
821
ScottsMiracle-Gro
SMG
$3.66B
$1.15M 0.01%
14,575
+300
+2% +$23.6K
CDP icon
822
COPT Defense Properties
CDP
$4.21B
$1.14M 0.01%
38,200
+600
+2% +$18K
GEO icon
823
The GEO Group
GEO
$4.04B
$1.13M 0.01%
45,050
-300
-0.7% -$7.67K
CNX icon
824
CNX Resources
CNX
$5.2B
$1.13M 0.01%
78,800
+6,600
+9% +$105K
AMCX icon
825
AMC Global Media
AMCX
$489M
$1.12M 0.01%
16,850
-100
-0.6% -$6.24K
31 32
33
34 35

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.