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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
MNK
876
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$903K 0.01%
30,800
+200
+0.7% +$5.63K
HAIN icon
877
Hain Celestial
HAIN
$53.7M
$898K 0.01%
33,100
-5,200
-14% -$148K
SGI
878
Somnigroup International
SGI
$13.7B
$894K 0.01%
67,600
-400
-0.6% -$5.34K
ESL
879
DELISTED
Esterline Technologies
ESL
$891K 0.01%
9,800
+300
+3% +$25.2K
CMC icon
880
Commercial Metals
CMC
$8.31B
$889K 0.01%
43,300
+200
+0.5% +$4.3K
AN icon
881
AutoNation
AN
$6.92B
$885K 0.01%
21,300
-400
-2% -$18.5K
RDC
882
DELISTED
Rowan Companies Plc
RDC
$885K 0.01%
47,000
+4,900
+12% +$73.4K
MTX icon
883
Minerals Technologies
MTX
$2.34B
$884K 0.01%
13,080
+100
+0.8% +$7.06K
THC icon
884
Tenet Healthcare
THC
$21.1B
$874K 0.01%
30,700
+600
+2% +$19.8K
CRUS icon
885
Cirrus Logic
CRUS
$6.26B
$872K 0.01%
22,600
+100
+0.4% +$4.15K
FHI icon
886
Federated Hermes
FHI
$4.72B
$854K 0.01%
35,400
+300
+0.9% +$7.05K
JACK icon
887
Jack in the Box
JACK
$335M
$847K 0.01%
10,100
-400
-4% -$34.6K
MLKN icon
888
MillerKnoll
MLKN
$1.67B
$846K 0.01%
22,030
+100
+0.5% +$3.79K
TRMK icon
889
Trustmark
TRMK
$2.75B
$841K 0.01%
25,000
– –
CMP icon
890
Compass Minerals
CMP
$1.15B
$840K 0.01%
12,500
– –
CAKE icon
891
Cheesecake Factory
CAKE
$5.33B
$835K 0.01%
15,599
-100
-0.6% -$5.41K
SBH icon
892
Sally Beauty Holdings
SBH
$1.58B
$817K 0.01%
44,400
-600
-1% -$9.59K
CVG
893
DELISTED
Convergys
CVG
$800K 0.01%
33,700
– –
SLGN icon
894
Silgan Holdings
SLGN
$4.41B
$797K 0.01%
28,662
+1,400
+5% +$38.4K
SKT icon
895
Tanger
SKT
$4.52B
$794K 0.01%
34,700
-100
-0.3% -$2.36K
CAR icon
896
Avis
CAR
$5.02B
$791K 0.01%
24,600
-1,700
-6% -$56.7K
BBBY
897
DELISTED
Bed Bath & Beyond Inc
BBBY
$777K 0.01%
51,800
+200
+0.4% +$3.74K
GVA icon
898
Granite Construction
GVA
$5.62B
$774K 0.01%
16,945
+200
+1% +$9.77K
GNW icon
899
Genworth Financial
GNW
$3.71B
$772K 0.01%
185,200
+1,300
+0.7% +$5.87K
SAFM
900
DELISTED
Sanderson Farms Inc
SAFM
$765K 0.01%
7,400
– –
34 35
36
37 38

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.