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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
RPT
151
Rithm Property Trust
RPT
$93.7M
$13.9M 0.13%
155,252
– –
XYZ
152
Block Inc
XYZ
$47.5B
$13.9M 0.13%
225,000
+10,000
+5% +$679K
CI icon
153
Cigna
CI
$74.6B
$13.8M 0.12%
90,770
-100
-0.1% -$16.3K
BSX icon
154
Boston Scientific
BSX
$71.5B
$13.6M 0.12%
334,896
+2,000
+0.6% +$84.7K
CSX icon
155
CSX Corp
CSX
$93.1B
$13.3M 0.12%
575,793
+23,700
+4% +$552K
AGN
156
DELISTED
Allergan plc
AGN
$13.3M 0.12%
78,856
+5,100
+7% +$831K
TGT icon
157
Target
TGT
$68B
$13.1M 0.12%
122,810
+200
+0.2% +$19K
PLD icon
158
Prologis
PLD
$133B
$12.9M 0.12%
151,711
+700
+0.5% +$57.9K
MS icon
159
Morgan Stanley
MS
$340B
$12.9M 0.12%
301,955
-4,100
-1% -$175K
DD icon
160
DuPont de Nemours
DD
$19.2B
$12.8M 0.12%
142,771
-80
-0.1% -$7.04K
DE icon
161
Deere & Co
DE
$168B
$12.8M 0.12%
75,654
-200
-0.3% -$32K
BLK icon
162
Blackrock
BLK
$176B
$12.6M 0.11%
28,280
-200
-0.7% -$89.1K
ICE icon
163
Intercontinental Exchange
ICE
$84.4B
$12.4M 0.11%
134,700
-300
-0.2% -$27.4K
MRSH
164
Marsh
MRSH
$91.5B
$12.2M 0.11%
121,701
-700
-0.6% -$70K
ECL icon
165
Ecolab
ECL
$79.9B
$11.9M 0.11%
60,229
-500
-0.8% -$100K
EQIX icon
166
Equinix
EQIX
$103B
$11.8M 0.11%
20,438
+300
+1% +$161K
KMB icon
167
Kimberly-Clark
KMB
$36.5B
$11.8M 0.11%
82,746
+400
+0.5% +$55K
SCHW
168
Charles Schwab
SCHW
$187B
$11.7M 0.11%
279,737
-4,700
-2% -$190K
AIG icon
169
American International
AIG
$41.3B
$11.7M 0.11%
209,152
+900
+0.4% +$49.7K
SPG icon
170
Simon Property Group
SPG
$72.3B
$11.5M 0.1%
74,098
+100
+0.1% +$15.6K
NSC icon
171
Norfolk Southern
NSC
$75.1B
$11.4M 0.1%
63,349
-300
-0.5% -$55.2K
MU icon
172
Micron Technology
MU
$991B
$11.4M 0.1%
265,344
+400
+0.2% +$18.1K
SLB icon
173
SLB Ltd
SLB
$75B
$11.4M 0.1%
332,472
+900
+0.3% +$32.9K
GM icon
174
General Motors
GM
$76.8B
$11.3M 0.1%
302,020
-13,800
-4% -$531K
LHX icon
175
L3Harris
LHX
$53.4B
$11.2M 0.1%
+53,651
New +$11M
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 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.