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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
EFC
101
Ellington Financial
EFC
$1.71B
$26.4M 0.24%
1,462,778
– –
ALXN
102
DELISTED
Alexion Pharmaceuticals
ALXN
$26.4M 0.24%
269,878
+40,200
+18% +$4.53M
PARA
103
DELISTED
Paramount Global Class B
PARA
$26.4M 0.24%
654,627
-5,600
-0.8% -$262K
AVGO icon
104
Broadcom
AVGO
$2.04T
$26.4M 0.24%
956,780
+9,000
+0.9% +$256K
NVDA icon
105
NVIDIA
NVDA
$5.42T
$25.5M 0.23%
5,855,680
+24,000
+0.4% +$101K
SBUX icon
106
Starbucks
SBUX
$120B
$25.4M 0.23%
287,760
-2,200
-0.8% -$204K
LIN icon
107
Linde
LIN
$226B
$25.2M 0.23%
129,945
– –
BIIB icon
108
Biogen
BIIB
$30.7B
$25.1M 0.23%
107,777
-2,000
-2% -$466K
VRTX icon
109
Vertex Pharmaceuticals
VRTX
$126B
$24.7M 0.22%
145,768
+56,500
+63% +$10M
FSLR icon
110
First Solar
FSLR
$26.9B
$24M 0.22%
414,173
-500
-0.1% -$32K
AMT icon
111
American Tower
AMT
$80.4B
$23.5M 0.21%
106,426
+600
+0.6% +$131K
AMD icon
112
Advanced Micro Devices
AMD
$789B
$22.9M 0.21%
791,000
+153,700
+24% +$4.82M
LLY icon
113
Eli Lilly
LLY
$1.06T
$22.8M 0.21%
204,238
-2,600
-1% -$289K
UPS icon
114
United Parcel Service
UPS
$88.9B
$22.8M 0.21%
190,586
+900
+0.5% +$103K
MMM icon
115
3M
MMM
$94.3B
$22.7M 0.21%
165,378
+359
+0.2% +$50.2K
WBA
116
DELISTED
Walgreens Boots Alliance
WBA
$22.6M 0.2%
408,861
-3,700
-0.9% -$198K
QCOM icon
117
Qualcomm
QCOM
$176B
$22.3M 0.2%
292,271
+1,200
+0.4% +$90.3K
MCO icon
118
Moody's
MCO
$82.7B
$22.2M 0.2%
108,615
+300
+0.3% +$62.9K
DHR icon
119
Danaher
DHR
$144B
$22.2M 0.2%
173,111
+2,933
+2% +$367K
DXC icon
120
DXC Technology
DXC
$1.73B
$21.1M 0.19%
715,800
-1,200
-0.2% -$51.1K
TCPC icon
121
BlackRock TCP Capital
TCPC
$345M
$21M 0.19%
1,548,039
+1,524,000
+6,340% +$21M
GE icon
122
GE Aerospace
GE
$384B
$20.8M 0.19%
467,910
+2,066
+0.4% +$97.1K
LOW icon
123
Lowe's Companies
LOW
$125B
$20.4M 0.18%
185,575
-1,900
-1% -$201K
BKNG icon
124
Booking.com
BKNG
$161B
$20.1M 0.18%
255,625
-2,500
-1% -$194K
BMY icon
125
Bristol-Myers Squibb
BMY
$132B
$19.9M 0.18%
393,217
+1,600
+0.4% +$75.2K
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 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.