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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
GAP
801
The Gap Inc
GAP
$7.37B
$910K 0.01%
50,646
-10,900
-18% -$244K
THO icon
802
Thor Industries
THO
$4.14B
$906K 0.01%
15,500
-3,100
-17% -$188K
NUVA
803
DELISTED
NuVasive, Inc.
NUVA
$902K 0.01%
15,400
-3,000
-16% -$177K
KMT icon
804
Kennametal
KMT
$2.52B
$901K 0.01%
24,360
-5,000
-17% -$181K
THS
805
DELISTED
Treehouse Foods
THS
$898K 0.01%
16,600
-3,400
-17% -$198K
GHC icon
806
Graham Holdings Company
GHC
$5.02B
$897K 0.01%
1,300
-300
-19% -$210K
CZR icon
807
Caesars Entertainment
CZR
$6.14B
$889K 0.01%
19,300
-3,900
-17% -$191K
HOMB icon
808
Home BancShares
HOMB
$6.18B
$882K 0.01%
45,800
-9,500
-17% -$177K
CDP icon
809
COPT Defense Properties
CDP
$4.21B
$873K 0.01%
33,100
-6,200
-16% -$173K
TCF
810
DELISTED
TCF Financial Corporation Common Stock
TCF
$872K 0.01%
21,200
-4,300
-17% -$178K
CMD
811
DELISTED
Cantel Medical Corporation
CMD
$871K 0.01%
10,800
-2,100
-16% -$148K
ENS icon
812
EnerSys
ENS
$6.99B
$870K 0.01%
12,700
-2,600
-17% -$170K
MZTI
813
The Marzetti Company
MZTI
$3.11B
$865K 0.01%
5,820
-1,100
-16% -$165K
UMBF icon
814
UMB Financial
UMBF
$11.1B
$862K 0.01%
13,100
-2,600
-17% -$171K
NAVI icon
815
Navient
NAVI
$853M
$860K 0.01%
63,000
-14,600
-19% -$190K
MAC icon
816
Macerich
MAC
$6.92B
$851K 0.01%
25,408
-5,100
-17% -$200K
DAN icon
817
Dana Inc
DAN
$3.06B
$849K 0.01%
42,600
-8,500
-17% -$151K
GATX icon
818
GATX Corp
GATX
$6.27B
$848K 0.01%
10,690
-2,400
-18% -$182K
TDS icon
819
Telephone and Data Systems
TDS
$3.75B
$846K 0.01%
27,836
-5,600
-17% -$175K
UFS
820
DELISTED
DOMTAR CORPORATION (New)
UFS
$833K 0.01%
18,700
-3,700
-17% -$169K
WAFD icon
821
WaFd
WAFD
$2.75B
$832K 0.01%
23,823
-5,100
-18% -$165K
CBT icon
822
Cabot Corp
CBT
$4.52B
$824K 0.01%
17,280
-3,900
-18% -$175K
VMI icon
823
Valmont Industries
VMI
$9.53B
$824K 0.01%
6,500
-1,300
-17% -$162K
AEO icon
824
American Eagle Outfitters
AEO
$3.01B
$819K 0.01%
48,475
-11,300
-19% -$229K
FULT icon
825
Fulton Financial
FULT
$4.64B
$819K 0.01%
50,000
-10,600
-17% -$174K
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 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.