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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
SBUX icon
126
Starbucks
SBUX
$120B
$22.8M 0.17%
401,960
-6,600
-2% -$349K
ADP icon
127
Automatic Data Processing
ADP
$108B
$22.1M 0.16%
146,581
+200
+0.1% +$28.3K
EOG icon
128
EOG Resources
EOG
$70.7B
$22M 0.16%
172,628
+1,200
+0.7% +$146K
ELV icon
129
Elevance Health
ELV
$85.5B
$21.2M 0.16%
77,444
+1,900
+3% +$493K
BIIB icon
130
Biogen
BIIB
$30.7B
$21.2M 0.16%
59,977
-2,500
-4% -$861K
BDX icon
131
Becton Dickinson
BDX
$48.2B
$20.8M 0.15%
81,747
+615
+0.8% +$151K
FSLR icon
132
First Solar
FSLR
$26.9B
$20.3M 0.15%
420,073
-2,200
-0.5% -$114K
DHR icon
133
Danaher
DHR
$144B
$19.9M 0.15%
206,951
+1,692
+0.8% +$154K
AET
134
DELISTED
Aetna Inc
AET
$19.8M 0.14%
97,434
+600
+0.6% +$117K
ISRG icon
135
Intuitive Surgical
ISRG
$134B
$19.4M 0.14%
101,604
+900
+0.9% +$160K
DUK icon
136
Duke Energy
DUK
$97.3B
$19.3M 0.14%
241,584
+4,700
+2% +$380K
AMT icon
137
American Tower
AMT
$80.4B
$19.1M 0.14%
131,326
+600
+0.5% +$88K
ATVI
138
DELISTED
Activision Blizzard
ATVI
$18.9M 0.14%
227,144
+1,800
+0.8% +$137K
PNC icon
139
PNC Financial Services
PNC
$101B
$18.8M 0.14%
138,376
-600
-0.4% -$85.3K
MDLZ icon
140
Mondelez International
MDLZ
$79.9B
$18.8M 0.14%
436,956
+200
+0% +$8.53K
CELG
141
DELISTED
Celgene Corp
CELG
$18.8M 0.14%
209,552
+300
+0.1% +$26.5K
OXY icon
142
Occidental Petroleum
OXY
$55.9B
$18.7M 0.14%
227,856
+1,100
+0.5% +$88.9K
CB icon
143
Chubb
CB
$135B
$18.5M 0.14%
138,077
+200
+0.1% +$27.1K
MS icon
144
Morgan Stanley
MS
$340B
$18.4M 0.13%
395,155
-8,400
-2% -$410K
AGN
145
DELISTED
Allergan plc
AGN
$18.1M 0.13%
95,056
-5,300
-5% -$974K
CSX icon
146
CSX Corp
CSX
$93.1B
$18M 0.13%
729,393
-48,000
-6% -$1.14M
SCHW
147
Charles Schwab
SCHW
$187B
$17.6M 0.13%
358,337
+2,800
+0.8% +$143K
RTN
148
DELISTED
Raytheon Company
RTN
$17.6M 0.13%
85,036
– –
INTU icon
149
Intuit
INTU
$89B
$17.5M 0.13%
77,084
+4,900
+7% +$1.05M
FDX icon
150
FedEx
FDX
$75.4B
$17.5M 0.13%
72,512
-300
-0.4% -$72.6K
4 5
6
7 8

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.