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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
MET icon
176
MetLife
MET
$62.4B
$11.3M 0.1%
227,485
-48,400
-18% -$2.27M
PGR icon
177
Progressive
PGR
$125B
$11.2M 0.1%
139,781
-28,500
-17% -$2.2M
EXC icon
178
Exelon
EXC
$47B
$11.1M 0.1%
325,961
-65,894
-17% -$2.33M
AON icon
179
Aon
AON
$76B
$11.1M 0.1%
57,547
-11,600
-17% -$2.1M
AIG icon
180
American International
AIG
$41.8B
$11.1M 0.1%
208,252
-42,300
-17% -$2.11M
KMB icon
181
Kimberly-Clark
KMB
$36.5B
$11M 0.1%
82,346
-16,900
-17% -$2.18M
WM icon
182
Waste Management
WM
$91B
$10.8M 0.1%
93,578
-18,800
-17% -$2.04M
TGT icon
183
Target
TGT
$68B
$10.6M 0.1%
122,610
-27,800
-18% -$2.25M
AEP icon
184
American Electric Power
AEP
$68.4B
$10.4M 0.09%
118,181
-24,000
-17% -$2.07M
MU icon
185
Micron Technology
MU
$991B
$10.2M 0.09%
264,944
-58,100
-18% -$2.21M
COF icon
186
Capital One
COF
$134B
$10.2M 0.09%
112,448
-22,400
-17% -$2M
PANW icon
187
Palo Alto Networks
PANW
$297B
$10.2M 0.09%
300,000
+96,000
+47% +$3.59M
EQIX icon
188
Equinix
EQIX
$103B
$10.2M 0.09%
20,138
-3,900
-16% -$1.87M
AMAT icon
189
Applied Materials
AMAT
$428B
$10.1M 0.09%
224,109
-49,500
-18% -$2.08M
ADI icon
190
Analog Devices
ADI
$190B
$9.99M 0.09%
88,495
-17,600
-17% -$1.91M
PRU icon
191
Prudential Financial
PRU
$41.8B
$9.82M 0.09%
97,232
-20,600
-17% -$2.05M
AFL icon
192
Aflac
AFL
$63.4B
$9.78M 0.09%
178,490
-37,700
-17% -$1.94M
KMI icon
193
Kinder Morgan
KMI
$68.7B
$9.73M 0.09%
466,056
-95,000
-17% -$1.92M
EL icon
194
Estee Lauder
EL
$32B
$9.62M 0.09%
52,518
-10,400
-17% -$1.78M
F icon
195
Ford
F
$55.7B
$9.6M 0.09%
938,190
-187,900
-17% -$1.85M
FDX icon
196
FedEx
FDX
$75.4B
$9.43M 0.09%
57,412
-11,800
-17% -$2.07M
TRV icon
197
Travelers Companies
TRV
$80.2B
$9.37M 0.08%
62,683
-13,200
-17% -$1.9M
PSX icon
198
Phillips 66
PSX
$81.4B
$9.36M 0.08%
100,035
-20,900
-17% -$1.88M
BNY
199
Bank of New York Mellon
BNY
$107B
$9.31M 0.08%
210,848
-42,300
-17% -$1.99M
BAX icon
200
Baxter International
BAX
$14.2B
$9.31M 0.08%
113,622
-23,700
-17% -$1.84M
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 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.