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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
DUK icon
126
Duke Energy
DUK
$97.3B
$19.6M 0.18%
204,484
+900
+0.4% +$81.9K
APTV icon
127
Aptiv
APTV
$10.3B
$19.4M 0.18%
221,622
+19,900
+10% +$1.66M
AXP icon
128
American Express
AXP
$230B
$19.3M 0.18%
163,559
-700
-0.4% -$85.8K
MDLZ icon
129
Mondelez International
MDLZ
$79.9B
$19.2M 0.17%
346,756
+1,900
+0.6% +$104K
CME icon
130
CME Group
CME
$94.8B
$18.2M 0.16%
86,077
+400
+0.5% +$83.6K
CB icon
131
Chubb
CB
$135B
$17.7M 0.16%
109,577
– –
CCI icon
132
Crown Castle
CCI
$32.2B
$17.3M 0.16%
124,674
+400
+0.3% +$55.3K
CAT icon
133
Caterpillar
CAT
$387B
$17.1M 0.15%
135,266
-1,600
-1% -$203K
SNAP icon
134
Snap
SNAP
$9.01B
$17.1M 0.15%
1,080,756
– –
CELG
135
DELISTED
Celgene Corp
CELG
$16.9M 0.15%
170,352
+1,500
+0.9% +$143K
INTU icon
136
Intuit
INTU
$89B
$16.6M 0.15%
62,484
+400
+0.6% +$110K
BDX icon
137
Becton Dickinson
BDX
$48.2B
$16.4M 0.15%
66,474
+307
+0.5% +$75.8K
PANW icon
138
Palo Alto Networks
PANW
$297B
$16.3M 0.15%
480,000
+180,000
+60% +$6.37M
TJX icon
139
TJX Companies
TJX
$178B
$16.2M 0.15%
290,680
+400
+0.1% +$21.8K
GS icon
140
Goldman Sachs
GS
$303B
$16.1M 0.15%
77,850
-3,600
-4% -$753K
CHTR icon
141
Charter Communications
CHTR
$18.2B
$16M 0.15%
38,900
-2,300
-6% -$928K
D icon
142
Dominion Energy
D
$59.3B
$16M 0.15%
197,554
+5,500
+3% +$425K
SO icon
143
Southern Company
SO
$107B
$15.5M 0.14%
251,330
+2,100
+0.8% +$122K
COP icon
144
ConocoPhillips
COP
$141B
$15.2M 0.14%
266,855
-3,700
-1% -$211K
FUN icon
145
Cedar Fair
FUN
$1.67B
$15.2M 0.14%
+260,000
New +$13.7M
CL icon
146
Colgate-Palmolive
CL
$74.4B
$15.2M 0.14%
206,284
+700
+0.3% +$50.8K
PNC icon
147
PNC Financial Services
PNC
$101B
$15M 0.14%
107,076
-1,000
-0.9% -$136K
ELV icon
148
Elevance Health
ELV
$85.5B
$14.8M 0.13%
61,544
– –
ATH
149
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$14.7M 0.13%
+350,000
New +$14.4M
NOC icon
150
Northrop Grumman
NOC
$81.2B
$14.2M 0.13%
37,817
-2,800
-7% -$992K
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 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.