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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
AEP icon
176
American Electric Power
AEP
$68.4B
$11.1M 0.1%
118,681
+500
+0.4% +$45.4K
AMAT icon
177
Applied Materials
AMAT
$428B
$11.1M 0.1%
222,109
-2,000
-0.9% -$96.5K
PSX icon
178
Phillips 66
PSX
$81.4B
$11M 0.1%
107,835
+7,800
+8% +$782K
EW icon
179
Edwards Lifesciences
EW
$51.7B
$11M 0.1%
149,868
– –
AON icon
180
Aon
AON
$76B
$11M 0.1%
56,747
-800
-1% -$154K
PGR icon
181
Progressive
PGR
$125B
$10.9M 0.1%
140,581
+800
+0.6% +$62.9K
SHW icon
182
Sherwin-Williams
SHW
$89.8B
$10.8M 0.1%
59,073
+600
+1% +$102K
WM icon
183
Waste Management
WM
$91B
$10.8M 0.1%
93,878
+300
+0.3% +$35K
ILMN icon
184
Illumina
ILMN
$28.4B
$10.8M 0.1%
36,350
-53,250
-59% -$15.7M
BAX icon
185
Baxter International
BAX
$14.2B
$10.7M 0.1%
122,722
+9,100
+8% +$777K
EL icon
186
Estee Lauder
EL
$32B
$10.6M 0.1%
53,218
+700
+1% +$134K
EOG icon
187
EOG Resources
EOG
$70.7B
$10.4M 0.09%
139,528
+600
+0.4% +$48.6K
COF icon
188
Capital One
COF
$134B
$10.3M 0.09%
113,048
+600
+0.5% +$53.9K
GD icon
189
General Dynamics
GD
$106B
$10.3M 0.09%
56,227
-8,800
-14% -$1.63M
ADI icon
190
Analog Devices
ADI
$190B
$9.92M 0.09%
88,795
+300
+0.3% +$34K
KNTK icon
191
Kinetik
KNTK
$7.98B
$9.9M 0.09%
350,000
– –
TFC icon
192
Truist Financial
TFC
$64B
$9.83M 0.09%
184,161
+800
+0.4% +$39.6K
SYY icon
193
Sysco
SYY
$40.3B
$9.8M 0.09%
123,379
+10,200
+9% +$749K
ATVI
194
DELISTED
Activision Blizzard
ATVI
$9.76M 0.09%
184,444
+1,100
+0.6% +$54.9K
SRE icon
195
Sempra
SRE
$54.8B
$9.75M 0.09%
132,076
+600
+0.5% +$42K
KMI icon
196
Kinder Morgan
KMI
$68.7B
$9.65M 0.09%
468,056
+2,000
+0.4% +$41.1K
ROST icon
197
Ross Stores
ROST
$81.9B
$9.63M 0.09%
87,688
-300
-0.3% -$31.6K
MPC icon
198
Marathon Petroleum
MPC
$83.7B
$9.62M 0.09%
158,316
-300
-0.2% -$15.8K
OXY icon
199
Occidental Petroleum
OXY
$55.9B
$9.56M 0.09%
215,030
+35,974
+20% +$1.7M
BNY
200
Bank of New York Mellon
BNY
$107B
$9.32M 0.08%
206,248
-4,600
-2% -$205K
6 7
8
9 10

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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 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.