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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
LIN icon
101
Linde
LIN
$226B
$26.1M 0.24%
129,945
-28,900
-18% -$5.41M
TXN icon
102
Texas Instruments
TXN
$261B
$25.8M 0.23%
224,618
-45,800
-17% -$5.12M
BIIB icon
103
Biogen
BIIB
$30.7B
$25.7M 0.23%
109,777
-10,300
-9% -$2.38M
RTX icon
104
RTX Corp
RTX
$301B
$25.3M 0.23%
308,533
-62,607
-17% -$5.24M
NKE icon
105
Nike
NKE
$61.9B
$25.3M 0.23%
300,892
-61,900
-17% -$5.21M
SSNC icon
106
SS&C Technologies
SSNC
$18.6B
$25.1M 0.23%
436,300
– –
DG icon
107
Dollar General
DG
$27.9B
$24.5M 0.22%
181,042
-13,900
-7% -$1.76M
GE icon
108
GE Aerospace
GE
$384B
$24.4M 0.22%
465,844
-84,428
-15% -$4.16M
SBUX icon
109
Starbucks
SBUX
$120B
$24.3M 0.22%
289,960
-68,400
-19% -$5.36M
NVDA icon
110
NVIDIA
NVDA
$5.42T
$23.9M 0.22%
5,831,680
-1,152,000
-16% -$4.77M
MMM icon
111
3M
MMM
$94.3B
$23.9M 0.22%
165,019
-33,488
-17% -$5.16M
NEE icon
112
NextEra Energy
NEE
$177B
$23.5M 0.21%
458,692
-92,400
-17% -$4.55M
LLY icon
113
Eli Lilly
LLY
$1.06T
$22.9M 0.21%
206,838
-42,100
-17% -$4.96M
WBA
114
DELISTED
Walgreens Boots Alliance
WBA
$22.6M 0.2%
412,561
-45,000
-10% -$2.39M
QCOM icon
115
Qualcomm
QCOM
$176B
$22.1M 0.2%
291,071
-57,700
-17% -$4.23M
AMT icon
116
American Tower
AMT
$80.4B
$21.6M 0.2%
105,826
-21,300
-17% -$4.28M
DHR icon
117
Danaher
DHR
$144B
$21.6M 0.2%
170,178
-34,066
-17% -$4.03M
MCO icon
118
Moody's
MCO
$82.7B
$21.2M 0.19%
108,315
-21,700
-17% -$4.12M
AXP icon
119
American Express
AXP
$230B
$20.3M 0.18%
164,259
-35,000
-18% -$4.11M
UPS icon
120
United Parcel Service
UPS
$88.9B
$19.6M 0.18%
189,686
-33,600
-15% -$3.49M
BKNG icon
121
Booking.com
BKNG
$161B
$19.4M 0.18%
258,125
-235,000
-48% -$16.9M
AMD icon
122
Advanced Micro Devices
AMD
$789B
$19.4M 0.18%
637,300
-41,600
-6% -$1.19M
LOW icon
123
Lowe's Companies
LOW
$125B
$18.9M 0.17%
187,475
-43,400
-19% -$4.58M
CAT icon
124
Caterpillar
CAT
$387B
$18.7M 0.17%
136,866
-29,000
-17% -$3.83M
MDLZ icon
125
Mondelez International
MDLZ
$79.9B
$18.6M 0.17%
344,856
-71,300
-17% -$3.7M
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 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.