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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
+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
COST icon
101
Costco
COST
$420B
$30.7M 0.22%
130,636
+800
+0.6% +$180K
LLY icon
102
Eli Lilly
LLY
$1.06T
$30.6M 0.22%
284,838
+2,000
+0.7% +$200K
GE icon
103
GE Aerospace
GE
$384B
$30.3M 0.22%
560,875
+3,797
+0.7% +$234K
QCOM icon
104
Qualcomm
QCOM
$176B
$30.2M 0.22%
419,071
-19,900
-5% -$1.31M
CBRE icon
105
CBRE Group
CBRE
$42.9B
$29.5M 0.22%
669,532
+4,600
+0.7% +$219K
COR icon
106
Cencora
COR
$61.2B
$29.3M 0.21%
318,184
-500
-0.2% -$43.3K
JCI icon
107
Johnson Controls International
JCI
$92.2B
$29M 0.21%
827,687
+1,400
+0.2% +$51.6K
ABMD
108
DELISTED
Abiomed Inc
ABMD
$28.5M 0.21%
63,400
+900
+1% +$355K
SSYS icon
109
Stratasys
SSYS
$774M
$28.3M 0.21%
1,224,603
+300,000
+32% +$6.76M
LOW icon
110
Lowe's Companies
LOW
$125B
$27.7M 0.2%
241,675
-1,700
-0.7% -$177K
GD icon
111
General Dynamics
GD
$106B
$27.4M 0.2%
133,627
+1,200
+0.9% +$235K
NLSN
112
DELISTED
Nielsen Holdings plc
NLSN
$27.1M 0.2%
980,344
+7,000
+0.7% +$188K
CAT icon
113
Caterpillar
CAT
$387B
$27M 0.2%
177,066
– –
COP icon
114
ConocoPhillips
COP
$141B
$26.8M 0.2%
346,255
-200
-0.1% -$14.4K
UPS icon
115
United Parcel Service
UPS
$88.9B
$26.8M 0.2%
229,286
+2,400
+1% +$282K
DGX icon
116
Quest Diagnostics
DGX
$26.3B
$26.1M 0.19%
242,063
+600
+0.2% +$65.8K
TWTR
117
DELISTED
Twitter, Inc.
TWTR
$26M 0.19%
914,500
+20,600
+2% +$729K
MCHP icon
118
Microchip Technology
MCHP
$46B
$25.3M 0.18%
640,344
-118,800
-16% -$5.25M
SLB icon
119
SLB Ltd
SLB
$75B
$25.1M 0.18%
412,472
+2,400
+0.6% +$155K
ZBRA icon
120
Zebra Technologies
ZBRA
$17.8B
$24.7M 0.18%
139,900
+120,200
+610% +$19.3M
EFC
121
Ellington Financial
EFC
$1.71B
$24.1M 0.18%
1,502,778
– –
NEE icon
122
NextEra Energy
NEE
$177B
$23.6M 0.17%
562,292
+4,000
+0.7% +$170K
GS icon
123
Goldman Sachs
GS
$303B
$23.5M 0.17%
104,650
+600
+0.6% +$140K
MCO icon
124
Moody's
MCO
$82.7B
$23.1M 0.17%
137,915
+1,300
+1% +$229K
ETFC
125
DELISTED
E*Trade Financial Corporation
ETFC
$22.9M 0.17%
437,358
-72,800
-14% -$4.27M
3 4
5
6 7

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.