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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
CI icon
151
Cigna
CI
$74.6B
$14.3M 0.13%
90,870
-18,700
-17% -$2.93M
BSX icon
152
Boston Scientific
BSX
$71.5B
$14.3M 0.13%
332,896
-66,500
-17% -$2.56M
CSX icon
153
CSX Corp
CSX
$93.1B
$14.2M 0.13%
552,093
-117,900
-18% -$3.04M
SO icon
154
Southern Company
SO
$107B
$13.8M 0.12%
249,230
-48,900
-16% -$2.62M
DD icon
155
DuPont de Nemours
DD
$19.2B
$13.5M 0.12%
142,851
-113,717
-44% -$13.6M
MS icon
156
Morgan Stanley
MS
$340B
$13.4M 0.12%
306,055
-68,200
-18% -$3.04M
BLK icon
157
Blackrock
BLK
$176B
$13.4M 0.12%
28,480
-6,600
-19% -$2.99M
SLB icon
158
SLB Ltd
SLB
$75B
$13.2M 0.12%
331,572
-67,800
-17% -$2.73M
NOC icon
159
Northrop Grumman
NOC
$81.2B
$13.1M 0.12%
40,617
-8,300
-17% -$2.47M
KNTK icon
160
Kinetik
KNTK
$3.62B
$13M 0.12%
350,000
– –
EOG icon
161
EOG Resources
EOG
$70.7B
$12.9M 0.12%
138,928
-28,200
-17% -$2.62M
NSC icon
162
Norfolk Southern
NSC
$75.1B
$12.7M 0.11%
63,649
-13,400
-17% -$2.66M
RPT
163
Rithm Property Trust
RPT
$93.7M
$12.6M 0.11%
155,252
– –
DE icon
164
Deere & Co
DE
$168B
$12.6M 0.11%
75,854
-15,900
-17% -$2.47M
AGN
165
DELISTED
Allergan plc
AGN
$12.3M 0.11%
73,756
-16,300
-18% -$2.26M
MRSH
166
Marsh
MRSH
$91.5B
$12.2M 0.11%
122,401
-23,200
-16% -$2.22M
GM icon
167
General Motors
GM
$76.8B
$12.2M 0.11%
315,820
-61,900
-16% -$2.32M
PLD icon
168
Prologis
PLD
$133B
$12.1M 0.11%
151,011
-30,600
-17% -$2.33M
ECL icon
169
Ecolab
ECL
$79.9B
$12M 0.11%
60,729
-12,300
-17% -$2.29M
LEVI icon
170
Levi Strauss
LEVI
$9.39B
$11.9M 0.11%
570,000
+370,000
+185% +$8.14M
GD icon
171
General Dynamics
GD
$106B
$11.8M 0.11%
65,027
-13,100
-17% -$2.26M
SPG icon
172
Simon Property Group
SPG
$72.3B
$11.8M 0.11%
73,998
-15,000
-17% -$2.58M
ICE icon
173
Intercontinental Exchange
ICE
$84.4B
$11.6M 0.1%
135,000
-28,800
-18% -$2.35M
WP
174
DELISTED
Worldpay, Inc.
WP
$11.6M 0.1%
94,500
– –
SCHW
175
Charles Schwab
SCHW
$187B
$11.4M 0.1%
284,437
-57,400
-17% -$2.5M
5 6
7
8 9

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.