We are live on ! Find out more
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
+7.98%
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
$13.7B
AUM Growth
+$1.01B
Cap. Flow
+$122M
Cap. Flow %
0.89%
Top 10 Hldgs %
24.11%
Holding
956
New
20
Increased
569
Reduced
273
Closed
16

Top Buys

Rank Stock Value
1
NLY icon
Annaly Capital Management
NLY
+$289M
2
EG icon
Everest Group
EG
+$179M
3
AGNC icon
AGNC Investment
AGNC
+$75.2M
4
TWO
Two Harbors Investment
TWO
+$49.4M
5
RITM icon
Rithm Capital
RITM
+$44.2M

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$134M
2
GILD icon
Gilead Sciences
GILD
+$133M
3
CVS icon
CVS Health
CVS
+$86.3M
4
XYZ
Block Inc
XYZ
+$74.9M
5
JPM icon
JPMorgan Chase
JPM
+$73.9M

Sector Composition

Rank Sector Weight
1 Technology 16.52%
2 Financials 15.53%
3 Healthcare 14.69%
4 Real Estate 10.27%
5 Consumer Discretionary 9.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDT icon
76
Medtronic
MDT
$112B
$39.6M 0.29%
402,438
+1,500
+0.4% +$139K
BABA icon
77
Alibaba
BABA
$308B
$39.4M 0.29%
239,193
+9,193
+4% +$1.63M
CA
78
DELISTED
CA, Inc.
CA
$39.2M 0.29%
887,680
+1,000
+0.1% +$43.1K
MCD icon
79
McDonald's
MCD
$195B
$38.7M 0.28%
231,157
-1,300
-0.6% -$208K
ABT icon
80
Abbott
ABT
$187B
$38.3M 0.28%
522,743
+3,700
+0.7% +$243K
DG icon
81
Dollar General
DG
$27.9B
$37.9M 0.28%
347,142
+271,900
+361% +$28.3M
BRK.A icon
82
Berkshire Hathaway Class A
BRK.A
$1.12T
$37.1M 0.27%
116
– –
GPMT
83
Granite Point Mortgage Trust
GPMT
$61.2M
$37M 0.27%
1,918,000
-190,739
-9% -$3.6M
MMM icon
84
3M
MMM
$94.3B
$36.8M 0.27%
209,032
-1,196
-0.6% -$206K
RVTY icon
85
Revvity
RVTY
$12.8B
$36.3M 0.27%
373,029
+340,300
+1,040% +$29.2M
APTV icon
86
Aptiv
APTV
$10.3B
$36M 0.26%
428,922
+500
+0.1% +$45.7K
UNP icon
87
Union Pacific
UNP
$174B
$35.9M 0.26%
220,312
-9,300
-4% -$1.4M
CRM icon
88
Salesforce
CRM
$158B
$35.9M 0.26%
225,456
+16,600
+8% +$2.46M
LYB icon
89
LyondellBasell Industries
LYB
$19.2B
$35.1M 0.26%
342,604
-100
-0% -$10.9K
CPRT icon
90
Copart
CPRT
$27.5B
$34.5M 0.25%
2,675,600
+2,436,400
+1,019% +$36.4M
DAL icon
91
Delta Air Lines
DAL
$60.1B
$33.3M 0.24%
575,632
-3,600
-0.6% -$198K
RHI icon
92
Robert Half
RHI
$4.37B
$32.4M 0.24%
460,960
-100
-0% -$7.33K
NKE icon
93
Nike
NKE
$61.9B
$32.3M 0.24%
381,592
+1,800
+0.5% +$145K
ITW icon
94
Illinois Tool Works
ITW
$84.5B
$32.3M 0.24%
228,597
+1,600
+0.7% +$225K
AVGO icon
95
Broadcom
AVGO
$2.04T
$31.7M 0.23%
1,286,780
+98,000
+8% +$2.2M
AVY icon
96
Avery Dennison
AVY
$13.4B
$31.6M 0.23%
291,426
– –
SWK icon
97
Stanley Black & Decker
SWK
$15.7B
$31.4M 0.23%
214,248
-100
-0% -$14.2K
RTX icon
98
RTX Corp
RTX
$301B
$31.3M 0.23%
356,100
+6,039
+2% +$507K
TXN icon
99
Texas Instruments
TXN
$261B
$31.1M 0.23%
289,718
-100
-0% -$11.1K
PYPL icon
100
PayPal
PYPL
$50.5B
$31M 0.23%
352,734
+22,300
+7% +$1.96M
2 3
4
5 6

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 Q3 2018 Portfolio in Review

As of Q3 2018, State of Michigan Retirement System held 956 positions worth $13.7B, up 8% from $12.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q3 2018: portfolio turnover was 3.8%. State of Michigan Retirement System opened 20 new positions and exited 16, leaving the 956-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q3 2018 buy was Annaly Capital Management: 6,895,569 shares worth $282M.
  • State of Michigan Retirement System added most to Everest Group in Q3 2018, an estimated $179M increase.
  • State of Michigan Retirement System's biggest Q3 2018 reduction was Wells Fargo, cutting an estimated $134M.
  • State of Michigan Retirement System fully exited MTGE Investment Corp. Common Stock in Q3 2018, selling an estimated $43.1M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $13.7B portfolio in Q3 2018.
  • State of Michigan Retirement System opened 20 new positions and closed 16 in Q3 2018.
  • State of Michigan Retirement System's portfolio value rose 8% quarter-over-quarter to $13.7B.

Based on State of Michigan Retirement System's 13F filing for Q3 2018, filed 26 Oct 2018.