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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
MAR icon
201
Marriott International
MAR
$92.3B
$9.28M 0.08%
66,152
-15,100
-19% -$2M
EW icon
202
Edwards Lifesciences
EW
$51.7B
$9.23M 0.08%
149,868
-29,700
-17% -$1.8M
ROP icon
203
Roper Technologies
ROP
$39.8B
$9.12M 0.08%
24,902
-5,000
-17% -$1.77M
SRE icon
204
Sempra
SRE
$54.8B
$9.04M 0.08%
131,476
-26,400
-17% -$1.73M
TFC icon
205
Truist Financial
TFC
$64B
$9.01M 0.08%
183,361
-36,700
-17% -$1.8M
OXY icon
206
Occidental Petroleum
OXY
$55.9B
$9M 0.08%
179,056
-36,900
-17% -$2.08M
SHW icon
207
Sherwin-Williams
SHW
$89.8B
$8.93M 0.08%
58,473
-12,000
-17% -$1.79M
MPC icon
208
Marathon Petroleum
MPC
$83.7B
$8.86M 0.08%
158,616
-35,500
-18% -$1.94M
DOW icon
209
Dow Inc
DOW
$21.2B
$8.84M 0.08%
+179,278
New +$9.46M
ROST icon
210
Ross Stores
ROST
$81.9B
$8.72M 0.08%
87,988
-18,800
-18% -$1.83M
ATVI
211
DELISTED
Activision Blizzard
ATVI
$8.65M 0.08%
183,344
-36,800
-17% -$1.69M
HCA icon
212
HCA Healthcare
HCA
$89.5B
$8.64M 0.08%
63,920
-13,000
-17% -$1.64M
CTSH icon
213
Cognizant
CTSH
$26B
$8.64M 0.08%
136,254
-29,500
-18% -$1.94M
HUM icon
214
Humana
HUM
$46.2B
$8.58M 0.08%
32,326
-6,700
-17% -$1.7M
ADSK icon
215
Autodesk
ADSK
$52.6B
$8.57M 0.08%
52,620
-10,500
-17% -$1.77M
PSA icon
216
Public Storage
PSA
$61.3B
$8.57M 0.08%
35,977
-7,300
-17% -$1.67M
VLO icon
217
Valero Energy
VLO
$85.9B
$8.55M 0.08%
99,876
-20,500
-17% -$1.69M
APC
218
DELISTED
Anadarko Petroleum
APC
$8.48M 0.08%
120,227
-23,700
-16% -$1.59M
WMB icon
219
Williams Companies
WMB
$86.1B
$8.13M 0.07%
290,086
-58,900
-17% -$1.64M
ALL icon
220
Allstate
ALL
$67.5B
$8.11M 0.07%
79,737
-15,900
-17% -$1.55M
YUM icon
221
Yum! Brands
YUM
$41.1B
$8.11M 0.07%
73,254
-15,000
-17% -$1.56M
XLI icon
222
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
$8.11M 0.07%
104,700
-27,300
-21% -$2.08M
SYY icon
223
Sysco
SYY
$40.3B
$8M 0.07%
113,179
-23,000
-17% -$1.64M
WELL icon
224
Welltower
WELL
$171B
$7.9M 0.07%
96,909
-14,400
-13% -$1.13M
STZ icon
225
Constellation Brands
STZ
$23.2B
$7.89M 0.07%
40,075
-7,900
-16% -$1.54M
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 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.