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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
CHTR icon
151
Charter Communications
CHTR
$18.2B
$17.3M 0.13%
53,200
-1,600
-3% -$488K
CL icon
152
Colgate-Palmolive
CL
$74.4B
$17.3M 0.13%
258,584
+300
+0.1% +$20K
CME icon
153
CME Group
CME
$94.8B
$17.3M 0.13%
101,477
+700
+0.7% +$118K
BLK icon
154
Blackrock
BLK
$176B
$17.2M 0.13%
36,580
+100
+0.3% +$48.6K
CCI icon
155
Crown Castle
CCI
$32.2B
$16.5M 0.12%
148,374
+800
+0.5% +$89.1K
SAFE
156
DELISTED
Safehold Inc.
SAFE
$16.5M 0.12%
880,000
– –
NOC icon
157
Northrop Grumman
NOC
$81.2B
$16.5M 0.12%
51,917
+300
+0.6% +$91.4K
SPG icon
158
Simon Property Group
SPG
$72.3B
$16.3M 0.12%
92,098
+400
+0.4% +$70.8K
ESRX
159
DELISTED
Express Scripts Holding Company
ESRX
$15.9M 0.12%
167,492
+1,200
+0.7% +$102K
BSX icon
160
Boston Scientific
BSX
$71.5B
$15.9M 0.12%
412,096
+3,600
+0.9% +$126K
MU icon
161
Micron Technology
MU
$991B
$15.6M 0.11%
345,544
+2,200
+0.6% +$111K
CI icon
162
Cigna
CI
$74.6B
$15.1M 0.11%
72,528
+500
+0.7% +$92.7K
NSC icon
163
Norfolk Southern
NSC
$75.1B
$15.1M 0.11%
83,449
-200
-0.2% -$34.2K
VRTX icon
164
Vertex Pharmaceuticals
VRTX
$126B
$14.7M 0.11%
76,168
+700
+0.9% +$125K
TFCFA
165
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$14.6M 0.11%
314,041
+2,000
+0.6% +$91.6K
VLO icon
166
Valero Energy
VLO
$85.9B
$14.5M 0.11%
127,376
-200
-0.2% -$22.7K
DE icon
167
Deere & Co
DE
$168B
$14.4M 0.11%
95,854
-200
-0.2% -$28.7K
PSX icon
168
Phillips 66
PSX
$81.4B
$14.3M 0.1%
127,235
+3,000
+2% +$347K
EMR icon
169
Emerson Electric
EMR
$88.3B
$14.3M 0.1%
187,223
+700
+0.4% +$51.6K
ROST icon
170
Ross Stores
ROST
$81.9B
$14.3M 0.1%
144,438
+4,300
+3% +$395K
AIG icon
171
American International
AIG
$41.3B
$14.1M 0.1%
264,752
-1,000
-0.4% -$53.7K
BNY
172
Bank of New York Mellon
BNY
$107B
$14M 0.1%
274,148
-25,100
-8% -$1.32M
HUM icon
173
Humana
HUM
$46.2B
$13.9M 0.1%
41,026
+300
+0.7% +$97.5K
MET icon
174
MetLife
MET
$62.1B
$13.8M 0.1%
296,385
-4,600
-2% -$210K
TGT icon
175
Target
TGT
$68B
$13.8M 0.1%
156,810
-1,000
-0.6% -$83.2K
5 6
7
8 9

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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.