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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
UNIT
901
Uniti Group
UNIT
$2.32B
$518K ﹤0.01%
54,540
-9,300
-15% -$102K
THC icon
902
Tenet Healthcare
THC
$21.1B
$510K ﹤0.01%
24,700
-4,900
-17% -$113K
QEP
903
DELISTED
QEP RESOURCES, INC.
QEP
$510K ﹤0.01%
70,500
-13,800
-16% -$101K
SWN
904
DELISTED
Southwestern Energy Company
SWN
$506K ﹤0.01%
160,200
-32,800
-17% -$127K
TPH
905
DELISTED
Tri Pointe Homes
TPH
$504K ﹤0.01%
42,100
-8,400
-17% -$109K
MCY icon
906
Mercury Insurance
MCY
$6.07B
$500K ﹤0.01%
8,000
-1,700
-18% -$94.9K
ESV
907
DELISTED
Ensco Rowan plc
ESV
$497K ﹤0.01%
58,293
+19,343
+50% +$223K
VC icon
908
Visteon
VC
$2.78B
$492K ﹤0.01%
8,400
-1,700
-17% -$104K
PBH icon
909
Prestige Consumer Healthcare
PBH
$2.6B
$485K ﹤0.01%
15,300
-3,100
-17% -$92.1K
DNOW icon
910
DNOW Inc
DNOW
$2.99B
$476K ﹤0.01%
32,227
-6,400
-17% -$91.5K
SBH icon
911
Sally Beauty Holdings
SBH
$1.58B
$476K ﹤0.01%
35,700
-7,300
-17% -$119K
WOR icon
912
Worthington Enterprises
WOR
$2.86B
$466K ﹤0.01%
18,780
-3,892
-17% -$91.3K
ALEX
913
DELISTED
Alexander & Baldwin
ALEX
$463K ﹤0.01%
20,039
-4,100
-17% -$97.3K
URBN icon
914
Urban Outfitters
URBN
$6.59B
$462K ﹤0.01%
20,300
-6,600
-25% -$179K
CHRD icon
915
Chord Energy
CHRD
$7.39B
$455K ﹤0.01%
80,100
-15,200
-16% -$86.4K
HNI icon
916
HNI Corp
HNI
$3.59B
$454K ﹤0.01%
12,840
-2,700
-17% -$97K
BBBY
917
DELISTED
Bed Bath & Beyond Inc
BBBY
$454K ﹤0.01%
39,100
-9,900
-20% -$147K
SKT icon
918
Tanger
SKT
$4.52B
$452K ﹤0.01%
27,900
-5,600
-17% -$101K
CPE
919
DELISTED
Callon Petroleum Company
CPE
$445K ﹤0.01%
6,750
-1,360
-17% -$98.1K
ICPT
920
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$442K ﹤0.01%
5,561
– –
EAT icon
921
Brinker International
EAT
$9.66B
$436K ﹤0.01%
11,077
-2,300
-17% -$94.7K
EPC icon
922
Edgewell Personal Care
EPC
$1.31B
$432K ﹤0.01%
16,044
-3,200
-17% -$114K
RRC icon
923
Range Resources
RRC
$8.95B
$431K ﹤0.01%
61,700
-12,300
-17% -$107K
CNX icon
924
CNX Resources
CNX
$5.2B
$423K ﹤0.01%
57,900
-12,800
-18% -$112K
NWS icon
925
News Corp Class B
NWS
$17.5B
$414K ﹤0.01%
29,644
-6,000
-17% -$74.6K
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 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.