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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
HAIN icon
901
Hain Celestial
HAIN
$53.7M
$500K ﹤0.01%
23,300
-3,200
-12% -$67K
CAKE icon
902
Cheesecake Factory
CAKE
$5.33B
$496K ﹤0.01%
11,899
-400
-3% -$16.5K
TEX icon
903
Terex
TEX
$7.74B
$493K ﹤0.01%
19,000
+500
+3% +$13.7K
PPC icon
904
Pilgrim's Pride
PPC
$6.54B
$487K ﹤0.01%
+15,200
New +$442K
ALEX
905
DELISTED
Alexander & Baldwin
ALEX
$484K ﹤0.01%
19,739
-300
-1% -$7.04K
CAR icon
906
Avis
CAR
$5.02B
$480K ﹤0.01%
17,000
-1,900
-10% -$58.2K
IDCC icon
907
InterDigital
IDCC
$8.89B
$472K ﹤0.01%
9,000
-400
-4% -$22.6K
DY icon
908
Dycom Industries
DY
$12.3B
$465K ﹤0.01%
9,100
-200
-2% -$10.1K
EAT icon
909
Brinker International
EAT
$9.66B
$464K ﹤0.01%
10,877
-200
-2% -$8.02K
OI icon
910
O-I Glass
OI
$1.08B
$463K ﹤0.01%
45,100
-800
-2% -$10.3K
CHK
911
DELISTED
Chesapeake Energy Corporation
CHK
$461K ﹤0.01%
1,636
+88
+6% +$28.6K
WERN icon
912
Werner Enterprises
WERN
$2.25B
$454K ﹤0.01%
12,875
– –
NTCT icon
913
NETSCOUT
NTCT
$2.79B
$447K ﹤0.01%
19,400
-1,200
-6% -$28.7K
PDCO
914
DELISTED
Patterson Companies, Inc.
PDCO
$446K ﹤0.01%
25,000
+500
+2% +$9.34K
HNI icon
915
HNI Corp
HNI
$3.59B
$442K ﹤0.01%
12,440
-400
-3% -$13.3K
MCY icon
916
Mercury Insurance
MCY
$6.07B
$441K ﹤0.01%
7,900
-100
-1% -$5.72K
GVA icon
917
Granite Construction
GVA
$5.62B
$435K ﹤0.01%
13,545
-300
-2% -$10.4K
UNIT
918
Uniti Group
UNIT
$2.32B
$435K ﹤0.01%
56,040
+1,500
+3% +$12.5K
MDP
919
DELISTED
Meredith Corporation
MDP
$425K ﹤0.01%
11,600
-300
-3% -$14K
SKT icon
920
Tanger
SKT
$4.52B
$420K ﹤0.01%
27,100
-800
-3% -$12.5K
NWS icon
921
News Corp Class B
NWS
$17.5B
$418K ﹤0.01%
29,244
-400
-1% -$5.61K
CNX icon
922
CNX Resources
CNX
$5.2B
$395K ﹤0.01%
54,400
-3,500
-6% -$26.2K
BBBY
923
DELISTED
Bed Bath & Beyond Inc
BBBY
$395K ﹤0.01%
37,100
-2,000
-5% -$19.3K
OII icon
924
Oceaneering
OII
$4.77B
$389K ﹤0.01%
28,700
-600
-2% -$9.09K
WOR icon
925
Worthington Enterprises
WOR
$2.86B
$389K ﹤0.01%
17,482
-1,298
-7% -$30.1K
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
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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.