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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
WKC icon
851
World Kinect Corp
WKC
$1.86B
$716K 0.01%
19,900
-4,000
-17% -$125K
PTEN icon
852
Patterson-UTI
PTEN
$3.76B
$710K 0.01%
61,700
-14,500
-19% -$187K
AN icon
853
AutoNation
AN
$6.92B
$709K 0.01%
16,900
-3,600
-18% -$143K
SLGN icon
854
Silgan Holdings
SLGN
$4.41B
$706K 0.01%
23,062
-4,500
-16% -$134K
BDC icon
855
Belden
BDC
$5.19B
$697K 0.01%
11,700
-2,300
-16% -$132K
CVET
856
DELISTED
Covetrus, Inc. Common Stock
CVET
$696K 0.01%
28,457
-5,600
-16% -$161K
GDOT icon
857
Green Dot
GDOT
$745M
$694K 0.01%
14,200
-2,800
-16% -$152K
DKS icon
858
Dick's Sporting Goods
DKS
$18.7B
$693K 0.01%
20,000
-6,300
-24% -$231K
CLB icon
859
Core Laboratories
CLB
$521M
$685K 0.01%
13,100
-2,700
-17% -$158K
CRS icon
860
Carpenter Technology
CRS
$28.4B
$672K 0.01%
14,000
-2,900
-17% -$137K
GVA icon
861
Granite Construction
GVA
$5.62B
$667K 0.01%
13,845
-2,800
-17% -$122K
CAR icon
862
Avis
CAR
$5.02B
$665K 0.01%
18,900
-3,800
-17% -$128K
HCSG icon
863
Healthcare Services Group
HCSG
$1.53B
$664K 0.01%
21,900
-4,400
-17% -$145K
LGND icon
864
Ligand Pharmaceuticals
LGND
$6.36B
$662K 0.01%
9,297
-2,405
-21% -$177K
SFM icon
865
Sprouts Farmers Market
SFM
$8.01B
$659K 0.01%
34,900
-9,300
-21% -$194K
MDP
866
DELISTED
Meredith Corporation
MDP
$655K 0.01%
11,900
-2,400
-17% -$134K
VSH icon
867
Vishay Intertechnology
VSH
$5.43B
$647K 0.01%
39,152
-8,000
-17% -$141K
MD icon
868
Pediatrix Medical
MD
$2.2B
$646K 0.01%
25,600
-5,700
-18% -$153K
KBH icon
869
KB Home
KBH
$3.59B
$643K 0.01%
25,000
-5,200
-17% -$134K
BYD icon
870
Boyd Gaming
BYD
$6.06B
$638K 0.01%
23,700
-4,800
-17% -$131K
TRMK icon
871
Trustmark
TRMK
$2.75B
$638K 0.01%
19,200
-4,000
-17% -$135K
ADNT icon
872
Adient
ADNT
$1.5B
$624K 0.01%
25,700
-5,300
-17% -$109K
CMC icon
873
Commercial Metals
CMC
$8.31B
$623K 0.01%
34,900
-7,000
-17% -$114K
VRE
874
DELISTED
Veris Residential
VRE
$622K 0.01%
26,700
-5,500
-17% -$126K
JACK icon
875
Jack in the Box
JACK
$335M
$619K 0.01%
7,600
-1,600
-17% -$129K
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 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.