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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
RHT
76
DELISTED
Red Hat Inc
RHT
$36.5M 0.33%
194,596
-8,300
-4% -$1.53M
ABT icon
77
Abbott
ABT
$187B
$35.5M 0.32%
422,343
-83,800
-17% -$6.6M
FIS icon
78
Fidelity National Information Services
FIS
$22.1B
$35.3M 0.32%
288,056
-15,500
-5% -$1.82M
RHI icon
79
Robert Half
RHI
$4.37B
$35.3M 0.32%
619,060
-6,000
-1% -$358K
ISRG icon
80
Intuitive Surgical
ISRG
$134B
$35M 0.32%
200,004
-15,900
-7% -$2.72M
EMR icon
81
Emerson Electric
EMR
$88.3B
$33.2M 0.3%
497,123
-30,000
-6% -$2.01M
PARA
82
DELISTED
Paramount Global Class B
PARA
$32.9M 0.3%
660,227
-16,000
-2% -$792K
ILMN icon
83
Illumina
ILMN
$28.4B
$32.1M 0.29%
89,600
-7,402
-8% -$2.34M
IJH icon
84
iShares Core S&P Mid-Cap ETF
IJH
$127B
$31.9M 0.29%
821,955
-1,292,500
-61% -$49.5M
FISV
85
Fiserv Inc
FISV
$27.9B
$31.3M 0.28%
343,406
-18,900
-5% -$1.66M
MDT icon
86
Medtronic
MDT
$112B
$31.3M 0.28%
320,938
-65,600
-17% -$5.99M
GPMT
87
Granite Point Mortgage Trust
GPMT
$61.2M
$30.7M 0.28%
1,600,000
-195,000
-11% -$3.71M
COHR icon
88
Coherent
COHR
$74.2B
$30.5M 0.28%
832,961
+800,000
+2,427% +$29.2M
ALXN
89
DELISTED
Alexion Pharmaceuticals
ALXN
$30.1M 0.27%
229,678
-10,700
-4% -$1.38M
CPAY icon
90
Corpay
CPAY
$25.7B
$30M 0.27%
106,700
-4,100
-4% -$1.07M
BBY icon
91
Best Buy
BBY
$17.3B
$29.7M 0.27%
425,904
-11,900
-3% -$830K
EPAM icon
92
EPAM Systems
EPAM
$5.09B
$29.4M 0.27%
170,000
+135,600
+394% +$23.4M
APD icon
93
Air Products & Chemicals
APD
$67.6B
$28.9M 0.26%
127,702
+64,400
+102% +$13.3M
UNP icon
94
Union Pacific
UNP
$174B
$28.6M 0.26%
169,412
-38,900
-19% -$6.67M
CRM icon
95
Salesforce
CRM
$158B
$28.2M 0.26%
185,956
-34,500
-16% -$5.41M
COST icon
96
Costco
COST
$420B
$27.8M 0.25%
105,336
-21,600
-17% -$5.38M
AVGO icon
97
Broadcom
AVGO
$2.04T
$27.3M 0.25%
947,780
-194,000
-17% -$5.65M
FSLR icon
98
First Solar
FSLR
$26.9B
$27.2M 0.25%
414,673
-4,400
-1% -$265K
SAFE
99
DELISTED
Safehold Inc.
SAFE
$26.6M 0.24%
880,000
– –
EFC
100
Ellington Financial
EFC
$1.71B
$26.3M 0.24%
1,462,778
– –
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 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.