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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
EQT icon
826
EQT Corp
EQT
$32.3B
$789K 0.01%
74,170
-1,500
-2% -$19.3K
FULT icon
827
Fulton Financial
FULT
$4.64B
$780K 0.01%
48,200
-1,800
-4% -$29.3K
DKS icon
828
Dick's Sporting Goods
DKS
$18.7B
$779K 0.01%
19,100
-900
-5% -$32.4K
FLR icon
829
Fluor
FLR
$7.96B
$776K 0.01%
40,553
-900
-2% -$21.5K
NKTR icon
830
Nektar Therapeutics
NKTR
$2.58B
$767K 0.01%
2,807
+27
+1% +$9.9K
CATY icon
831
Cathay General Bancorp
CATY
$4.24B
$764K 0.01%
22,000
-600
-3% -$20.9K
CBT icon
832
Cabot Corp
CBT
$4.52B
$760K 0.01%
16,780
-500
-3% -$21.6K
WKC icon
833
World Kinect Corp
WKC
$1.86B
$759K 0.01%
19,000
-900
-5% -$34.2K
CZR icon
834
Caesars Entertainment
CZR
$6.14B
$758K 0.01%
19,000
-300
-2% -$12.7K
NAVI icon
835
Navient
NAVI
$853M
$753K 0.01%
58,800
-4,200
-7% -$56K
AEO icon
836
American Eagle Outfitters
AEO
$3.01B
$747K 0.01%
46,075
-2,400
-5% -$40.1K
RIG icon
837
Transocean
RIG
$5.82B
$746K 0.01%
166,900
+16,600
+11% +$88.1K
MUSA icon
838
Murphy USA
MUSA
$9.61B
$744K 0.01%
8,725
-100
-1% -$8.79K
COTY icon
839
Coty
COTY
$2.48B
$743K 0.01%
70,689
-1,300
-2% -$13.5K
ATI icon
840
ATI
ATI
$31B
$741K 0.01%
36,600
-700
-2% -$14.8K
KMT icon
841
Kennametal
KMT
$2.52B
$737K 0.01%
23,960
-400
-2% -$12.7K
TDS icon
842
Telephone and Data Systems
TDS
$3.75B
$731K 0.01%
28,336
+500
+2% +$14K
AVNT icon
843
Avient
AVNT
$4.19B
$728K 0.01%
22,300
-700
-3% -$22.2K
TCO
844
DELISTED
Taubman Centers Inc.
TCO
$727K 0.01%
17,800
-300
-2% -$12.2K
CNO icon
845
CNO Financial Group
CNO
$5.1B
$717K 0.01%
45,300
-2,100
-4% -$33.2K
CRS icon
846
Carpenter Technology
CRS
$28.4B
$713K 0.01%
13,800
-200
-1% -$9.67K
CC icon
847
Chemours
CC
$2.37B
$708K 0.01%
47,400
-1,100
-2% -$17.9K
ENOV icon
848
Enovis
ENOV
$1.53B
$703K 0.01%
14,060
-2,324
-14% -$110K
PLAN
849
DELISTED
Anaplan, Inc.
PLAN
$691K 0.01%
+14,712
New +$798K
NUS icon
850
Nu Skin
NUS
$267M
$685K 0.01%
16,100
-300
-2% -$12.6K
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 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.