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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
NTNX icon
951
Nutanix
NTNX
$16.9B
– –
-169,518
Closed -$4.4M
RRC icon
952
Range Resources
RRC
$8.95B
– –
-61,700
Closed -$431K
SIG icon
953
Signet Jewelers
SIG
$3.76B
– –
-15,400
Closed -$275K
SM icon
954
SM Energy
SM
$6.87B
– –
-30,600
Closed -$383K
SSNC icon
955
SS&C Technologies
SSNC
$18.6B
– –
-436,300
Closed -$25.1M
SSYS icon
956
Stratasys
SSYS
$774M
– –
-263,000
Closed -$7.72M
TR icon
957
Tootsie Roll Industries
TR
$2.98B
– –
-6,869
Closed -$206K
TUP
958
DELISTED
Tupperware Brands Corporation
TUP
– –
-14,387
Closed -$274K
CPE
959
DELISTED
Callon Petroleum Company
CPE
– –
-6,750
Closed -$445K
SPLK
960
DELISTED
Splunk Inc
SPLK
– –
-120,000
Closed -$15.1M
WORK
961
DELISTED
Slack Technologies, Inc.
WORK
– –
-120,706
Closed -$4.53M
MIK
962
DELISTED
Michaels Stores, Inc
MIK
– –
-26,700
Closed -$232K
QEP
963
DELISTED
QEP RESOURCES, INC.
QEP
– –
-70,500
Closed -$510K
MNK
964
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
– –
-24,800
Closed -$228K
MDR
965
DELISTED
McDermott International
MDR
– –
-53,799
Closed -$520K
APC
966
DELISTED
Anadarko Petroleum
APC
– –
-120,227
Closed -$8.48M
WP
967
DELISTED
Worldpay, Inc.
WP
– –
-94,500
Closed -$11.6M
LLL
968
DELISTED
L3 Technologies, Inc.
LLL
– –
-18,996
Closed -$4.66M
ESV
969
DELISTED
Ensco Rowan plc
ESV
– –
-58,293
Closed -$497K
TSS
970
DELISTED
Total System Services, Inc.
TSS
– –
-143,653
Closed -$18.4M
RHT
971
DELISTED
Red Hat Inc
RHT
– –
-194,596
Closed -$36.5M
TCF
972
DELISTED
TCF Financial Corporation
TCF
– –
-48,560
Closed -$1.01M
35 36 37 38
39

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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.