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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
SYNA icon
926
Synaptics
SYNA
$4.15B
$380K ﹤0.01%
9,500
-700
-7% -$23.6K
ICPT
927
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
$369K ﹤0.01%
5,561
– –
DNOW icon
928
DNOW Inc
DNOW
$2.99B
$362K ﹤0.01%
31,527
-700
-2% -$8.64K
POLY
929
DELISTED
Plantronics, Inc.
POLY
$351K ﹤0.01%
9,400
-300
-3% -$10.2K
GDOT icon
930
Green Dot
GDOT
$745M
$348K ﹤0.01%
13,800
-400
-3% -$14.8K
BIDU icon
931
Baidu
BIDU
$37.2B
$347K ﹤0.01%
3,380
– –
EVOK
932
DELISTED
Evoke Pharma
EVOK
$344K ﹤0.01%
2,778
– –
DLPH
933
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$339K ﹤0.01%
25,300
-700
-3% -$11.1K
CVET
934
DELISTED
Covetrus, Inc. Common Stock
CVET
$336K ﹤0.01%
28,257
-200
-0.7% -$3.7K
PZZA icon
935
Papa John's
PZZA
$806M
$335K ﹤0.01%
6,400
-300
-4% -$14.1K
LNW
936
DELISTED
Light & Wonder
LNW
$319K ﹤0.01%
15,700
-800
-5% -$15.8K
ISCA
937
DELISTED
International Speedway Corp
ISCA
$313K ﹤0.01%
6,950
-100
-1% -$4.51K
SWN
938
DELISTED
Southwestern Energy Company
SWN
$303K ﹤0.01%
157,100
-3,100
-2% -$6.65K
CHRD icon
939
Chord Energy
CHRD
$7.39B
$288K ﹤0.01%
83,200
+3,100
+4% +$12.2K
GEF icon
940
Greif
GEF
$5.04B
$288K ﹤0.01%
7,600
-200
-3% -$6.98K
EFOI icon
941
Energy Focus
EFOI
$20.3M
$257K ﹤0.01%
15,580
– –
TENB icon
942
Tenable Holdings
TENB
$4.01B
$238K ﹤0.01%
10,632
-43,671
-80% -$1.11M
NTLA icon
943
Intellia Therapeutics
NTLA
$1.67B
$163K ﹤0.01%
12,222
– –
RUBY
944
DELISTED
Rubius Therapeutics, Inc
RUBY
$96K ﹤0.01%
12,275
– –
CARS icon
945
Cars.com
CARS
$660M
– –
-18,099
Closed -$357K
DBX icon
946
Dropbox
DBX
$8.12B
– –
-31,605
Closed -$792K
DDS icon
947
Dillards
DDS
$9.56B
– –
-5,300
Closed -$330K
GLOB icon
948
Globant
GLOB
$1.61B
– –
-45,000
Closed -$4.55M
INGN icon
949
Inogen
INGN
$164M
– –
-5,300
Closed -$354K
LEVI icon
950
Levi Strauss
LEVI
$9.39B
– –
-570,000
Closed -$11.9M
35 36 37
38
39

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FAM
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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)
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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 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.