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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
JACK icon
851
Jack in the Box
JACK
$335M
$683K 0.01%
7,500
-100
-1% -$8.32K
TREE icon
852
LendingTree
TREE
$451M
$683K 0.01%
2,200
– –
SLGN icon
853
Silgan Holdings
SLGN
$4.41B
$678K 0.01%
22,562
-500
-2% -$15.1K
VC icon
854
Visteon
VC
$2.78B
$669K 0.01%
8,100
-300
-4% -$20K
THC icon
855
Tenet Healthcare
THC
$21.1B
$664K 0.01%
30,000
+5,300
+21% +$113K
SFM icon
856
Sprouts Farmers Market
SFM
$8.01B
$663K 0.01%
34,300
-600
-2% -$11K
UE icon
857
Urban Edge Properties
UE
$2.73B
$661K 0.01%
33,400
-2,200
-6% -$39.1K
YELP icon
858
Yelp
YELP
$1.41B
$653K 0.01%
18,800
-2,200
-10% -$76.1K
UFS
859
DELISTED
DOMTAR CORPORATION (New)
UFS
$652K 0.01%
18,200
-500
-3% -$18.6K
IBOC icon
860
International Bancshares
IBOC
$4.57B
$649K 0.01%
16,800
+700
+4% +$25.6K
VSH icon
861
Vishay Intertechnology
VSH
$5.43B
$649K 0.01%
38,352
-800
-2% -$13.1K
GNW icon
862
Genworth Financial
GNW
$3.71B
$642K 0.01%
146,000
-3,000
-2% -$12.5K
DHC
863
Diversified Healthcare Trust
DHC
$2.14B
$639K 0.01%
69,000
-1,400
-2% -$12.1K
TRMK icon
864
Trustmark
TRMK
$2.75B
$638K 0.01%
18,700
-500
-3% -$16.8K
AMCX icon
865
AMC Global Media
AMCX
$489M
$632K 0.01%
12,850
-600
-4% -$30.9K
TPH
866
DELISTED
Tri Pointe Homes
TPH
$621K 0.01%
41,300
-800
-2% -$10.9K
DLX icon
867
Deluxe
DLX
$1.15B
$613K 0.01%
12,462
-500
-4% -$22.3K
GEO icon
868
The GEO Group
GEO
$4.04B
$610K 0.01%
35,150
-700
-2% -$12.6K
CHX
869
DELISTED
ChampionX
CHX
$607K 0.01%
22,431
-500
-2% -$14.6K
CVSA
870
Covista Inc
CVSA
$4.8B
$606K 0.01%
15,900
-800
-5% -$35.9K
DAN icon
871
Dana Inc
DAN
$3.06B
$604K 0.01%
41,800
-800
-2% -$12.4K
CLB icon
872
Core Laboratories
CLB
$521M
$601K 0.01%
12,900
-200
-2% -$9.3K
BDC icon
873
Belden
BDC
$5.19B
$597K 0.01%
11,200
-500
-4% -$25.1K
CXW icon
874
CoreCivic
CXW
$3.19B
$596K 0.01%
34,512
-700
-2% -$12.3K
CMC icon
875
Commercial Metals
CMC
$8.31B
$594K 0.01%
34,200
-700
-2% -$12K
33 34
35
36 37

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FAM
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BA
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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)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.