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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
PX
176
DELISTED
Praxair Inc
PX
$13.8M 0.1%
85,645
+600
+0.7% +$96.4K
D icon
177
Dominion Energy
D
$59.3B
$13.7M 0.1%
194,849
+1,600
+0.8% +$113K
COF icon
178
Capital One
COF
$134B
$13.5M 0.1%
142,548
-1,500
-1% -$146K
CTSH icon
179
Cognizant
CTSH
$26B
$13.3M 0.1%
172,854
-600
-0.3% -$46.9K
SO icon
180
Southern Company
SO
$107B
$13.2M 0.1%
302,230
+2,700
+0.9% +$124K
GM icon
181
General Motors
GM
$76.8B
$13.2M 0.1%
391,020
+15,500
+4% +$571K
ICE icon
182
Intercontinental Exchange
ICE
$84.4B
$12.8M 0.09%
170,900
-600
-0.3% -$45.1K
FIS icon
183
Fidelity National Information Services
FIS
$22.1B
$12.8M 0.09%
117,006
+4,400
+4% +$474K
PLD icon
184
Prologis
PLD
$133B
$12.7M 0.09%
187,611
+29,694
+19% +$1.95M
PRU icon
185
Prudential Financial
PRU
$41.8B
$12.6M 0.09%
124,232
-100
-0.1% -$9.86K
SYY icon
186
Sysco
SYY
$40.3B
$12.6M 0.09%
171,679
+600
+0.4% +$43.2K
MRSH
187
Marsh
MRSH
$91.5B
$12.4M 0.09%
150,501
+300
+0.2% +$25.4K
PGR icon
188
Progressive
PGR
$125B
$12.3M 0.09%
173,781
+1,400
+0.8% +$90.1K
RPT
189
Rithm Property Trust
RPT
$93.7M
$12.2M 0.09%
155,252
– –
HPQ icon
190
HP
HPQ
$27.5B
$12.2M 0.09%
471,525
-14,400
-3% -$348K
ECL icon
191
Ecolab
ECL
$79.9B
$11.9M 0.09%
75,729
-1,200
-2% -$178K
KMB icon
192
Kimberly-Clark
KMB
$36.5B
$11.8M 0.09%
103,546
+100
+0.1% +$11.2K
FISV
193
Fiserv Inc
FISV
$27.9B
$11.6M 0.08%
140,856
-600
-0.4% -$47.1K
BAX icon
194
Baxter International
BAX
$14.2B
$11.4M 0.08%
148,022
+2,200
+2% +$163K
MAR icon
195
Marriott International
MAR
$92.3B
$11.3M 0.08%
85,852
-2,000
-2% -$255K
AMAT icon
196
Applied Materials
AMAT
$428B
$11.3M 0.08%
292,909
-5,500
-2% -$243K
PANW icon
197
Palo Alto Networks
PANW
$297B
$11.3M 0.08%
+300,000
New +$10.9M
TFC icon
198
Truist Financial
TFC
$64B
$11.2M 0.08%
230,761
-100
-0% -$5.13K
AON icon
199
Aon
AON
$76B
$11.1M 0.08%
72,347
– –
EA
200
DELISTED
Electronic Arts
EA
$10.9M 0.08%
90,806
– –
6 7
8
9 10

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 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.