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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
PENN icon
876
PENN Entertainment
PENN
$2.71B
$589K 0.01%
31,600
– –
TRN icon
877
Trinity Industries
TRN
$2.38B
$584K 0.01%
29,694
-8,700
-23% -$165K
ADNT icon
878
Adient
ADNT
$1.5B
$581K 0.01%
25,300
-400
-2% -$9.12K
URBN icon
879
Urban Outfitters
URBN
$6.59B
$576K 0.01%
20,500
+200
+1% +$4.66K
X
880
DELISTED
US Steel
X
$572K 0.01%
49,500
-1,500
-3% -$19.3K
VRE
881
DELISTED
Veris Residential
VRE
$570K 0.01%
26,300
-400
-1% -$8.89K
WLY icon
882
John Wiley & Sons Class A
WLY
$2.66B
$562K 0.01%
12,800
-500
-4% -$22.3K
BYD icon
883
Boyd Gaming
BYD
$6.06B
$556K 0.01%
23,200
-500
-2% -$12.6K
AM icon
884
Antero Midstream
AM
$10.1B
$555K 0.01%
+75,000
New +$648K
CMP icon
885
Compass Minerals
CMP
$1.15B
$554K 0.01%
9,800
-200
-2% -$10.7K
MD icon
886
Pediatrix Medical
MD
$2.2B
$552K 0.01%
24,400
-1,200
-5% -$27.4K
LGND icon
887
Ligand Pharmaceuticals
LGND
$6.36B
$547K 0.01%
8,817
-480
-5% -$30.1K
CVLT icon
888
Commault Systems
CVLT
$5.61B
$541K ﹤0.01%
12,100
+700
+6% +$32.1K
MTX icon
889
Minerals Technologies
MTX
$2.34B
$540K ﹤0.01%
10,180
-200
-2% -$10.3K
BID
890
DELISTED
Sotheby's
BID
$537K ﹤0.01%
9,427
-400
-4% -$23.2K
MDRX
891
DELISTED
Veradigm Inc. Common Stock
MDRX
$531K ﹤0.01%
48,400
-900
-2% -$9.24K
MTDR icon
892
Matador Resources
MTDR
$6.09B
$526K ﹤0.01%
31,800
+1,100
+4% +$18.4K
HCSG icon
893
Healthcare Services Group
HCSG
$1.53B
$522K ﹤0.01%
21,500
-400
-2% -$10.1K
SBH icon
894
Sally Beauty Holdings
SBH
$1.58B
$521K ﹤0.01%
35,000
-700
-2% -$9.15K
AVNS
895
DELISTED
Avanos Medical
AVNS
$518K ﹤0.01%
13,820
-200
-1% -$7.63K
EPC icon
896
Edgewell Personal Care
EPC
$1.31B
$512K ﹤0.01%
15,744
-300
-2% -$8.96K
REZI icon
897
Resideo Technologies
REZI
$3.95B
$511K ﹤0.01%
35,600
-700
-2% -$11.7K
WW
898
DELISTED
WW International
WW
$511K ﹤0.01%
13,500
+2,000
+17% +$56.5K
PBH icon
899
Prestige Consumer Healthcare
PBH
$2.6B
$506K ﹤0.01%
14,600
-700
-5% -$23.1K
PTEN icon
900
Patterson-UTI
PTEN
$3.76B
$503K ﹤0.01%
58,800
-2,900
-5% -$28.4K
34 35
36
37 38

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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
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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.