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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
KBH icon
901
KB Home
KBH
$3.59B
$756K 0.01%
31,600
+500
+2% +$12.5K
MDP
902
DELISTED
Meredith Corporation
MDP
$750K 0.01%
14,700
+100
+0.7% +$5.23K
PDCO
903
DELISTED
Patterson Companies, Inc.
PDCO
$746K 0.01%
30,500
+500
+2% +$11.8K
NBR icon
904
Nabors Industries
NBR
$1.21B
$741K 0.01%
2,407
-188
-7% -$58.1K
POLY
905
DELISTED
Plantronics, Inc.
POLY
$736K 0.01%
12,200
-100
-0.8% -$6.84K
INVX
906
Innovex International
INVX
$1.97B
$726K 0.01%
13,900
-100
-0.7% -$5.21K
PBH icon
907
Prestige Consumer Healthcare
PBH
$2.6B
$724K 0.01%
19,100
-400
-2% -$15.1K
HNI icon
908
HNI Corp
HNI
$3.59B
$714K 0.01%
16,140
+100
+0.6% +$4.22K
VRE
909
DELISTED
Veris Residential
VRE
$710K 0.01%
33,400
+200
+0.6% +$4.07K
EAT icon
910
Brinker International
EAT
$9.66B
$705K 0.01%
15,077
-1,100
-7% -$51.3K
TPH
911
DELISTED
Tri Pointe Homes
TPH
$697K 0.01%
56,200
+200
+0.4% +$2.96K
WKC icon
912
World Kinect Corp
WKC
$1.86B
$695K 0.01%
25,100
+300
+1% +$7.7K
NTCT icon
913
NETSCOUT
NTCT
$2.79B
$677K 0.01%
26,800
-2,800
-9% -$75.7K
BID
914
DELISTED
Sotheby's
BID
$665K ﹤0.01%
13,527
– –
DNOW icon
915
DNOW Inc
DNOW
$2.99B
$664K ﹤0.01%
40,127
+1,400
+4% +$22.2K
CARS icon
916
Cars.com
CARS
$660M
$654K ﹤0.01%
23,699
-2,800
-11% -$78.2K
WOR icon
917
Worthington Enterprises
WOR
$2.86B
$649K ﹤0.01%
24,294
-1,460
-6% -$41K
BIG
918
DELISTED
Big Lots, Inc.
BIG
$623K ﹤0.01%
14,900
-600
-4% -$26.5K
TREE icon
919
LendingTree
TREE
$451M
$621K ﹤0.01%
2,700
-200
-7% -$47.5K
TUP
920
DELISTED
Tupperware Brands Corporation
TUP
$618K ﹤0.01%
18,487
-300
-2% -$10.7K
GPOR
921
DELISTED
Gulfport Energy Corp.
GPOR
$607K ﹤0.01%
58,300
+700
+1% +$8.03K
SYNA icon
922
Synaptics
SYNA
$4.15B
$598K ﹤0.01%
13,100
+400
+3% +$19K
MIK
923
DELISTED
Michaels Stores, Inc
MIK
$586K ﹤0.01%
36,100
-4,800
-12% -$91.4K
WERN icon
924
Werner Enterprises
WERN
$2.25B
$582K ﹤0.01%
16,475
– –
ALEX
925
DELISTED
Alexander & Baldwin
ALEX
$568K ﹤0.01%
25,039
+100
+0.4% +$2.37K
35 36
37
38 39

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.