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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
(-11%)
Cap. Flow
-$1.71B
Cap. Flow
% of AUM
-15.5%
Top 10 Holdings %
Top 10 Hldgs %
22.79%
Holding
963
New
13
Increased
18
Reduced
889
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Annaly Capital Management
NLY
|
+$47.6M |
| 2 |
AGNC Investment
AGNC
|
+$38.2M |
| 3 |
Coherent
COHR
|
+$29.2M |
| 4 |
EPAM Systems
EPAM
|
+$23.4M |
| 5 |
Air Products & Chemicals
APD
|
+$13.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$144M |
| 2 |
Apple
AAPL
|
+$134M |
| 3 |
Everest Group
EG
|
+$119M |
| 4 |
Ally Financial
ALLY
|
+$98.6M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
National Vision
EYE
$1.81B
| – | – |
-70,549
| Closed | -$2.22M |
|
|
HOUS
952
DELISTED
Anywhere Real Estate
HOUS
| – | – |
-40,500
| Closed | -$462K |
|
953
nLIGHT
LASR
$3.17B
| – | – |
-10,055
| Closed | -$224K |
|
954
L3Harris
LHX
$53.4B
| – | – |
-33,957
| Closed | -$5.42M |
|
955
Pitney Bowes
PBI
$2.39B
| – | – |
-66,900
| Closed | -$460K |
|
956
Workday
WDAY
$44.4B
| – | – |
-52,800
| Closed | -$10.2M |
|
957
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
| – | – |
-41,000
| Closed | -$1.35M |
|
|
NPTN
958
DELISTED
NEOPHOTONICS CORP
NPTN
| – | – |
-97,188
| Closed | -$611K |
|
|
BMS
959
DELISTED
Bemis
BMS
| – | – |
-32,500
| Closed | -$1.8M |
|
|
ULTI
960
DELISTED
Ultimate Software Group Inc
ULTI
| – | – |
-11,300
| Closed | -$3.73M |
|
|
RDC
961
DELISTED
Rowan Companies Plc
RDC
| – | – |
-45,300
| Closed | -$489K |
|
|
ARRS
962
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| – | – |
-58,300
| Closed | -$1.84M |
|
|
IDTI
963
DELISTED
Integrated Device Technology I
IDTI
| – | – |
-46,020
| Closed | -$2.25M |
|
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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.