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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
UE icon
876
Urban Edge Properties
UE
$2.73B
$617K 0.01%
35,600
-5,200
-13% -$94.7K
AVNS
877
DELISTED
Avanos Medical
AVNS
$611K 0.01%
14,020
-2,900
-17% -$124K
MTDR icon
878
Matador Resources
MTDR
$6.09B
$610K 0.01%
30,700
-6,200
-17% -$118K
WLY icon
879
John Wiley & Sons Class A
WLY
$2.66B
$610K 0.01%
13,300
-2,800
-17% -$127K
PENN icon
880
PENN Entertainment
PENN
$2.71B
$609K 0.01%
31,600
-6,300
-17% -$128K
IBOC icon
881
International Bancshares
IBOC
$4.57B
$607K 0.01%
16,100
-3,300
-17% -$129K
IDCC icon
882
InterDigital
IDCC
$8.89B
$605K 0.01%
9,400
-2,200
-19% -$147K
CHK
883
DELISTED
Chesapeake Energy Corporation
CHK
$604K 0.01%
1,548
-314
-17% -$157K
OII icon
884
Oceaneering
OII
$4.77B
$597K 0.01%
29,300
-5,800
-17% -$103K
DHC
885
Diversified Healthcare Trust
DHC
$2.14B
$582K 0.01%
70,400
-14,300
-17% -$119K
TEX icon
886
Terex
TEX
$7.74B
$581K 0.01%
18,500
-3,600
-16% -$111K
HAIN icon
887
Hain Celestial
HAIN
$53.7M
$580K 0.01%
26,500
-5,400
-17% -$118K
MDRX
888
DELISTED
Veradigm Inc. Common Stock
MDRX
$573K 0.01%
49,300
-11,800
-19% -$120K
BID
889
DELISTED
Sotheby's
BID
$571K 0.01%
9,827
-1,900
-16% -$79.4K
CVLT icon
890
Commault Systems
CVLT
$5.61B
$566K 0.01%
11,400
-2,300
-17% -$122K
PDCO
891
DELISTED
Patterson Companies, Inc.
PDCO
$561K 0.01%
24,500
-4,900
-17% -$109K
MTX icon
892
Minerals Technologies
MTX
$2.34B
$555K 0.01%
10,380
-2,200
-17% -$128K
GNW icon
893
Genworth Financial
GNW
$3.71B
$553K 0.01%
149,000
-29,500
-17% -$105K
CMP icon
894
Compass Minerals
CMP
$1.15B
$550K 0.01%
10,000
-2,100
-17% -$116K
DY icon
895
Dycom Industries
DY
$12.3B
$547K ﹤0.01%
9,300
-1,900
-17% -$97.2K
CAKE icon
896
Cheesecake Factory
CAKE
$5.33B
$538K ﹤0.01%
12,299
-2,600
-17% -$121K
DLX icon
897
Deluxe
DLX
$1.15B
$527K ﹤0.01%
12,962
-2,600
-17% -$110K
NTCT icon
898
NETSCOUT
NTCT
$2.79B
$523K ﹤0.01%
20,600
-4,400
-18% -$118K
DLPH
899
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$520K ﹤0.01%
26,000
-5,500
-17% -$113K
MDR
900
DELISTED
McDermott International
MDR
$520K ﹤0.01%
53,799
-10,600
-16% -$84.7K
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 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.