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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
APD icon
201
Air Products & Chemicals
APD
$67.6B
$10.9M 0.08%
65,302
+400
+0.6% +$65.1K
EW icon
202
Edwards Lifesciences
EW
$51.7B
$10.9M 0.08%
187,068
– –
F icon
203
Ford
F
$55.7B
$10.8M 0.08%
1,166,490
+7,700
+0.7% +$77K
STZ icon
204
Constellation Brands
STZ
$23.2B
$10.8M 0.08%
49,975
+200
+0.4% +$42.5K
AFL icon
205
Aflac
AFL
$62.6B
$10.8M 0.08%
228,790
-1,393,090
-86% -$63.8M
MPC icon
206
Marathon Petroleum
MPC
$83.7B
$10.7M 0.08%
134,366
-2,400
-2% -$190K
HAL icon
207
Halliburton
HAL
$26.6B
$10.6M 0.08%
262,179
+2,800
+1% +$116K
WM icon
208
Waste Management
WM
$91B
$10.6M 0.08%
117,478
-300
-0.3% -$26.6K
DXC icon
209
DXC Technology
DXC
$1.73B
$10.4M 0.08%
111,725
+11,300
+11% +$1,000K
AEP icon
210
American Electric Power
AEP
$68.4B
$10.4M 0.08%
146,881
+1,100
+0.8% +$78.3K
TRV icon
211
Travelers Companies
TRV
$80.2B
$10.3M 0.08%
79,783
-200
-0.3% -$25.8K
APC
212
DELISTED
Anadarko Petroleum
APC
$10.3M 0.08%
152,627
+100
+0.1% +$6.75K
EQIX icon
213
Equinix
EQIX
$103B
$10.3M 0.08%
23,738
+200
+0.8% +$87.6K
ADI icon
214
Analog Devices
ADI
$190B
$10.2M 0.07%
110,795
+1,000
+0.9% +$96.1K
KHC icon
215
Kraft Heinz
KHC
$30B
$10.2M 0.07%
185,246
+8,400
+5% +$502K
ALL icon
216
Allstate
ALL
$67.5B
$10.2M 0.07%
103,137
-900
-0.9% -$87.8K
ADSK icon
217
Autodesk
ADSK
$52.6B
$10.2M 0.07%
65,120
+200
+0.3% +$28.2K
KMI icon
218
Kinder Morgan
KMI
$68.7B
$10M 0.07%
565,556
+3,900
+0.7% +$69.7K
WMB icon
219
Williams Companies
WMB
$86.1B
$9.8M 0.07%
360,386
+115,300
+47% +$3.35M
EL icon
220
Estee Lauder
EL
$32B
$9.71M 0.07%
66,818
+500
+0.8% +$69.4K
SPLK
221
DELISTED
Splunk Inc
SPLK
$9.67M 0.07%
80,000
– –
LUV icon
222
Southwest Airlines
LUV
$23B
$9.6M 0.07%
153,684
-4,200
-3% -$246K
WDAY icon
223
Workday
WDAY
$44.4B
$9.49M 0.07%
+65,000
New +$9.03M
STT icon
224
State Street
STT
$50.7B
$9.47M 0.07%
113,057
+4,900
+5% +$431K
REGN icon
225
Regeneron Pharmaceuticals
REGN
$80.8B
$9.31M 0.07%
23,044
+100
+0.4% +$38.1K
7 8
9
10 11

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.