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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
TKR icon
801
Timken Company
TKR
$9.03B
$866K 0.01%
19,900
-400
-2% -$17.7K
JWN
802
DELISTED
Nordstrom
JWN
$865K 0.01%
25,692
+500
+2% +$15.3K
SAFM
803
DELISTED
Sanderson Farms Inc
SAFM
$863K 0.01%
5,700
-100
-2% -$14.3K
GHC icon
804
Graham Holdings Company
GHC
$5.02B
$862K 0.01%
1,300
– –
ETRN
805
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$862K 0.01%
59,236
-1,200
-2% -$18.4K
WAFD icon
806
WaFd
WAFD
$2.75B
$852K 0.01%
23,023
-800
-3% -$28.6K
HOMB icon
807
Home BancShares
HOMB
$6.18B
$850K 0.01%
45,200
-600
-1% -$11.2K
UA icon
808
Under Armour Class C
UA
$2.53B
$847K 0.01%
46,699
+200
+0.4% +$3.94K
KBH icon
809
KB Home
KBH
$3.59B
$843K 0.01%
24,800
-200
-0.8% -$5.6K
RAMP icon
810
LiveRamp
RAMP
$2.3B
$842K 0.01%
19,600
-800
-4% -$37.2K
SXT icon
811
Sensient Technologies
SXT
$5.53B
$842K 0.01%
12,270
-300
-2% -$20.4K
MAC icon
812
Macerich
MAC
$6.92B
$837K 0.01%
26,508
+1,100
+4% +$34.7K
ENS icon
813
EnerSys
ENS
$6.99B
$811K 0.01%
12,300
-400
-3% -$25.1K
ENR icon
814
Energizer
ENR
$1.55B
$808K 0.01%
18,544
-300
-2% -$11.9K
UMBF icon
815
UMB Financial
UMBF
$11.1B
$807K 0.01%
12,500
-600
-5% -$38.8K
GATX icon
816
GATX Corp
GATX
$6.27B
$806K 0.01%
10,390
-300
-3% -$22.9K
CADE
817
DELISTED
Cadence Bank
CADE
$805K 0.01%
27,200
– –
PBF icon
818
PBF Energy
PBF
$7.31B
$805K 0.01%
29,600
-5,900
-17% -$151K
PCH
819
DELISTED
PotlatchDeltic
PCH
$802K 0.01%
19,511
-500
-2% -$19.4K
R icon
820
Ryder
R
$10.1B
$802K 0.01%
15,500
-300
-2% -$15.7K
CMD
821
DELISTED
Cantel Medical Corporation
CMD
$800K 0.01%
10,700
-100
-0.9% -$8.48K
ACHC icon
822
Acadia Healthcare
ACHC
$2.94B
$799K 0.01%
25,700
-600
-2% -$18.3K
TCBI icon
823
Texas Capital Bancshares
TCBI
$4.32B
$798K 0.01%
14,600
-300
-2% -$17.1K
MZTI
824
The Marzetti Company
MZTI
$3.11B
$793K 0.01%
5,720
-100
-2% -$14.9K
MLKN icon
825
MillerKnoll
MLKN
$1.67B
$790K 0.01%
17,130
-300
-2% -$13.2K
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 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.