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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
TSS
126
DELISTED
Total System Services, Inc.
TSS
$18.4M 0.17%
143,653
-168,000
-54% -$18.5M
DUK icon
127
Duke Energy
DUK
$97.3B
$18M 0.16%
203,584
-35,300
-15% -$3.12M
BMY icon
128
Bristol-Myers Squibb
BMY
$132B
$17.8M 0.16%
391,617
-78,900
-17% -$3.68M
ELV icon
129
Elevance Health
ELV
$85.5B
$17.4M 0.16%
61,544
-12,500
-17% -$3.41M
BABA icon
130
Alibaba
BABA
$308B
$16.8M 0.15%
99,256
– –
GS icon
131
Goldman Sachs
GS
$303B
$16.7M 0.15%
81,450
-17,200
-17% -$3.4M
CME icon
132
CME Group
CME
$94.8B
$16.6M 0.15%
85,677
-17,400
-17% -$3.21M
COP icon
133
ConocoPhillips
COP
$141B
$16.5M 0.15%
270,555
-56,400
-17% -$3.51M
VRTX icon
134
Vertex Pharmaceuticals
VRTX
$126B
$16.4M 0.15%
89,268
-52,400
-37% -$9.16M
APTV icon
135
Aptiv
APTV
$10.3B
$16.3M 0.15%
201,722
-13,200
-6% -$1.04M
CHTR icon
136
Charter Communications
CHTR
$18.2B
$16.3M 0.15%
41,200
-8,800
-18% -$3.3M
BDX icon
137
Becton Dickinson
BDX
$48.2B
$16.3M 0.15%
66,167
-13,325
-17% -$3.1M
INTU icon
138
Intuit
INTU
$89B
$16.2M 0.15%
62,084
-12,600
-17% -$3.2M
CCI icon
139
Crown Castle
CCI
$32.2B
$16.2M 0.15%
124,274
-20,200
-14% -$2.6M
CB icon
140
Chubb
CB
$135B
$16.1M 0.15%
109,577
-22,500
-17% -$3.25M
RVTY icon
141
Revvity
RVTY
$12.8B
$15.7M 0.14%
162,529
-5,400
-3% -$503K
CELG
142
DELISTED
Celgene Corp
CELG
$15.6M 0.14%
168,852
-33,600
-17% -$3.19M
XYZ
143
Block Inc
XYZ
$47.5B
$15.6M 0.14%
215,000
+15,000
+8% +$1.05M
SNAP icon
144
Snap
SNAP
$9.01B
$15.5M 0.14%
1,080,756
– –
TJX icon
145
TJX Companies
TJX
$178B
$15.3M 0.14%
290,280
-66,300
-19% -$3.52M
SPLK
146
DELISTED
Splunk Inc
SPLK
$15.1M 0.14%
120,000
– –
ULTA icon
147
Ulta Beauty
ULTA
$24.3B
$15M 0.14%
43,284
-3,000
-6% -$1.04M
D icon
148
Dominion Energy
D
$59.3B
$14.8M 0.13%
192,054
-38,300
-17% -$2.92M
PNC icon
149
PNC Financial Services
PNC
$101B
$14.8M 0.13%
108,076
-22,600
-17% -$2.99M
CL icon
150
Colgate-Palmolive
CL
$74.4B
$14.7M 0.13%
205,584
-42,700
-17% -$3.03M
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 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.