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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
OII icon
851
Oceaneering
OII
$4.77B
$1M 0.01%
36,400
+100
+0.3% +$2.67K
DKS icon
852
Dick's Sporting Goods
DKS
$18.7B
$1M 0.01%
28,300
-400
-1% -$14.3K
DAN icon
853
Dana Inc
DAN
$3.06B
$999K 0.01%
53,500
-100
-0.2% -$2.01K
THS
854
DELISTED
Treehouse Foods
THS
$995K 0.01%
20,800
+100
+0.5% +$5.14K
CVLT icon
855
Commault Systems
CVLT
$5.61B
$994K 0.01%
14,200
-1,400
-9% -$94.9K
VSH icon
856
Vishay Intertechnology
VSH
$5.43B
$994K 0.01%
48,852
+200
+0.4% +$4.71K
QEP
857
DELISTED
QEP RESOURCES, INC.
QEP
$992K 0.01%
87,600
– –
WAFD icon
858
WaFd
WAFD
$2.75B
$990K 0.01%
30,923
-200
-0.6% -$6.73K
LM
859
DELISTED
Legg Mason, Inc.
LM
$987K 0.01%
31,600
+100
+0.3% +$3.23K
DY icon
860
Dycom Industries
DY
$12.3B
$981K 0.01%
11,600
+100
+0.9% +$8.65K
TEX icon
861
Terex
TEX
$7.74B
$958K 0.01%
24,000
-2,600
-10% -$106K
PCH
862
DELISTED
PotlatchDeltic
PCH
$952K 0.01%
23,241
+1,100
+5% +$52K
TGNA
863
DELISTED
TEGNA Inc
TGNA
$952K 0.01%
79,600
+200
+0.3% +$2.27K
HOUS
864
DELISTED
Anywhere Real Estate
HOUS
$947K 0.01%
+45,900
New +$999K
MUSA icon
865
Murphy USA
MUSA
$9.61B
$942K 0.01%
11,025
-400
-4% -$33K
SNX icon
866
TD Synnex
SNX
$20.2B
$940K 0.01%
22,200
+600
+3% +$28.9K
CLDR
867
DELISTED
Cloudera, Inc.
CLDR
$934K 0.01%
52,910
+17,002
+47% +$258K
UE icon
868
Urban Edge Properties
UE
$2.73B
$932K 0.01%
42,200
+3,200
+8% +$72.1K
GHC icon
869
Graham Holdings Company
GHC
$5.02B
$927K 0.01%
1,600
– –
AHL
870
DELISTED
ASPEN Insurance Holding Limited
AHL
$924K 0.01%
22,100
+100
+0.5% +$3.99K
EPC icon
871
Edgewell Personal Care
EPC
$1.31B
$922K 0.01%
19,944
+100
+0.5% +$5.29K
MDRX
872
DELISTED
Veradigm Inc. Common Stock
MDRX
$921K 0.01%
64,600
-900
-1% -$12.2K
LPNT
873
DELISTED
LifePoint Health, Inc.
LPNT
$921K 0.01%
14,300
– –
SAM icon
874
Boston Beer
SAM
$1.92B
$920K 0.01%
3,200
– –
IBOC icon
875
International Bancshares
IBOC
$4.57B
$914K 0.01%
20,300
+300
+2% +$13.7K
33 34
35
36 37

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.