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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
CATY icon
826
Cathay General Bancorp
CATY
$4.24B
$812K 0.01%
22,600
-4,700
-17% -$167K
NUS icon
827
Nu Skin
NUS
$267M
$809K 0.01%
16,400
-3,300
-17% -$168K
JWN
828
DELISTED
Nordstrom
JWN
$803K 0.01%
25,192
-5,700
-18% -$215K
TRN icon
829
Trinity Industries
TRN
$2.38B
$797K 0.01%
38,394
-9,100
-19% -$194K
REZI icon
830
Resideo Technologies
REZI
$3.95B
$796K 0.01%
36,300
-7,500
-17% -$158K
OI icon
831
O-I Glass
OI
$1.08B
$793K 0.01%
45,900
-8,900
-16% -$159K
DBX icon
832
Dropbox
DBX
$8.12B
$792K 0.01%
+31,605
New +$730K
SAFM
833
DELISTED
Sanderson Farms Inc
SAFM
$792K 0.01%
5,800
-1,200
-17% -$170K
CNO icon
834
CNO Financial Group
CNO
$5.1B
$791K 0.01%
47,400
-9,900
-17% -$164K
CADE
835
DELISTED
Cadence Bank
CADE
$790K 0.01%
27,200
-5,100
-16% -$148K
ENOV icon
836
Enovis
ENOV
$1.53B
$790K 0.01%
16,384
-3,312
-17% -$159K
X
837
DELISTED
US Steel
X
$781K 0.01%
51,000
-10,700
-17% -$165K
PCH
838
DELISTED
PotlatchDeltic
PCH
$780K 0.01%
20,011
-4,200
-17% -$158K
MLKN icon
839
MillerKnoll
MLKN
$1.67B
$779K 0.01%
17,430
-3,600
-17% -$136K
CHX
840
DELISTED
ChampionX
CHX
$769K 0.01%
22,931
-4,600
-17% -$167K
GEO icon
841
The GEO Group
GEO
$4.04B
$753K 0.01%
35,850
-7,200
-17% -$152K
CVSA
842
Covista Inc
CVSA
$4.8B
$752K 0.01%
16,700
-3,900
-19% -$179K
CRUS icon
843
Cirrus Logic
CRUS
$6.26B
$752K 0.01%
17,200
-3,900
-18% -$169K
MUSA icon
844
Murphy USA
MUSA
$9.61B
$742K 0.01%
8,825
-1,900
-18% -$159K
TCO
845
DELISTED
Taubman Centers Inc.
TCO
$739K 0.01%
18,100
-3,700
-17% -$178K
AMCX icon
846
AMC Global Media
AMCX
$489M
$733K 0.01%
13,450
-2,500
-16% -$141K
CXW icon
847
CoreCivic
CXW
$3.19B
$731K 0.01%
35,212
-7,100
-17% -$153K
ENR icon
848
Energizer
ENR
$1.55B
$728K 0.01%
18,844
-3,800
-17% -$170K
AVNT icon
849
Avient
AVNT
$4.19B
$722K 0.01%
23,000
-4,700
-17% -$132K
YELP icon
850
Yelp
YELP
$1.41B
$718K 0.01%
21,000
-5,900
-22% -$204K
32 33
34
35 36

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.