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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
PYPL icon
76
PayPal
PYPL
$50.5B
$37.4M 0.34%
360,934
+1,600
+0.4% +$176K
DG icon
77
Dollar General
DG
$27.9B
$36.8M 0.33%
231,842
+50,800
+28% +$7.35M
BRK.A icon
78
Berkshire Hathaway Class A
BRK.A
$1.12T
$36.2M 0.33%
116
– –
ABT icon
79
Abbott
ABT
$187B
$35.6M 0.32%
424,943
+2,600
+0.6% +$221K
MDT icon
80
Medtronic
MDT
$112B
$35M 0.32%
322,538
+1,600
+0.5% +$167K
RHI icon
81
Robert Half
RHI
$4.37B
$34.5M 0.31%
618,960
-100
-0% -$5.64K
CPAY icon
82
Corpay
CPAY
$25.7B
$33.7M 0.3%
117,400
+10,700
+10% +$3.11M
EMR icon
83
Emerson Electric
EMR
$88.3B
$33.3M 0.3%
497,923
+800
+0.2% +$50.3K
EEFT icon
84
Euronet Worldwide
EEFT
$2.7B
$33M 0.3%
225,830
– –
CRM icon
85
Salesforce
CRM
$158B
$31.3M 0.28%
210,856
+24,900
+13% +$3.78M
EPAM icon
86
EPAM Systems
EPAM
$5.03B
$31M 0.28%
170,000
– –
IJH icon
87
iShares Core S&P Mid-Cap ETF
IJH
$127B
$31M 0.28%
801,955
-20,000
-2% -$769K
COST icon
88
Costco
COST
$420B
$30.5M 0.28%
105,736
+400
+0.4% +$113K
GPMT
89
Granite Point Mortgage Trust
GPMT
$61.2M
$30M 0.27%
1,600,000
– –
COHR icon
90
Coherent
COHR
$74.2B
$29.6M 0.27%
841,907
+8,946
+1% +$341K
BBY icon
91
Best Buy
BBY
$17.3B
$29.4M 0.27%
426,104
+200
+0% +$13.9K
TXN icon
92
Texas Instruments
TXN
$261B
$29M 0.26%
224,418
-200
-0.1% -$24.6K
WEX icon
93
WEX
WEX
$6.31B
$28.9M 0.26%
143,100
+119,100
+496% +$24.7M
NKE icon
94
Nike
NKE
$61.9B
$28.3M 0.26%
300,992
+100
+0% +$8.58K
NFLX icon
95
Netflix
NFLX
$309B
$28.2M 0.26%
1,052,340
+6,000
+0.6% +$188K
KEYS icon
96
Keysight
KEYS
$58.3B
$27.7M 0.25%
285,100
+240,100
+534% +$22.2M
UNP icon
97
Union Pacific
UNP
$174B
$27.4M 0.25%
169,412
– –
NEE icon
98
NextEra Energy
NEE
$177B
$27.4M 0.25%
469,892
+11,200
+2% +$606K
SAFE
99
DELISTED
Safehold Inc.
SAFE
$26.8M 0.24%
880,000
– –
RTX icon
100
RTX Corp
RTX
$301B
$26.6M 0.24%
309,804
+1,271
+0.4% +$106K
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 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.