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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
WERN icon
926
Werner Enterprises
WERN
$2.25B
$400K ﹤0.01%
12,875
-2,700
-17% -$87.1K
BIDU icon
927
Baidu
BIDU
$37.2B
$397K ﹤0.01%
3,380
– –
SM icon
928
SM Energy
SM
$6.87B
$383K ﹤0.01%
30,600
-6,200
-17% -$90K
POLY
929
DELISTED
Plantronics, Inc.
POLY
$359K ﹤0.01%
9,700
-2,000
-17% -$92.8K
CARS icon
930
Cars.com
CARS
$660M
$357K ﹤0.01%
18,099
-4,000
-18% -$85.5K
INGN icon
931
Inogen
INGN
$164M
$354K ﹤0.01%
5,300
-1,000
-16% -$76.1K
TCPC icon
932
BlackRock TCP Capital
TCPC
$345M
$343K ﹤0.01%
24,039
– –
DDS icon
933
Dillards
DDS
$9.56B
$330K ﹤0.01%
5,300
-1,300
-20% -$83.6K
LNW
934
DELISTED
Light & Wonder
LNW
$327K ﹤0.01%
16,500
-3,200
-16% -$66.2K
ISCA
935
DELISTED
International Speedway Corp
ISCA
$316K ﹤0.01%
7,050
-1,400
-17% -$61.8K
PZZA icon
936
Papa John's
PZZA
$806M
$300K ﹤0.01%
6,700
-1,300
-16% -$64.1K
SYNA icon
937
Synaptics
SYNA
$4.15B
$297K ﹤0.01%
10,200
-2,100
-17% -$68.5K
SIG icon
938
Signet Jewelers
SIG
$3.76B
$275K ﹤0.01%
15,400
-3,100
-17% -$66.6K
TUP
939
DELISTED
Tupperware Brands Corporation
TUP
$274K ﹤0.01%
14,387
-2,900
-17% -$65.1K
GEF icon
940
Greif
GEF
$5.04B
$254K ﹤0.01%
7,800
-1,400
-15% -$52.1K
EVOK
941
DELISTED
Evoke Pharma
EVOK
$250K ﹤0.01%
2,778
– –
MIK
942
DELISTED
Michaels Stores, Inc
MIK
$232K ﹤0.01%
26,700
-5,300
-17% -$56K
MNK
943
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$228K ﹤0.01%
24,800
-4,900
-16% -$70.8K
EFOI icon
944
Energy Focus
EFOI
$20.3M
$223K ﹤0.01%
15,580
– –
WW
945
DELISTED
WW International
WW
$220K ﹤0.01%
11,500
-2,300
-17% -$45.6K
TR icon
946
Tootsie Roll Industries
TR
$2.98B
$206K ﹤0.01%
6,869
-1,477
-18% -$46.3K
NTLA icon
947
Intellia Therapeutics
NTLA
$1.67B
$200K ﹤0.01%
12,222
– –
RUBY
948
DELISTED
Rubius Therapeutics, Inc
RUBY
$193K ﹤0.01%
12,275
– –
ALLY icon
949
Ally Financial
ALLY
$13.3B
– –
-3,587,500
Closed -$98.6M
AR icon
950
Antero Resources
AR
$10.7B
– –
-336,210
Closed -$2.97M
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.