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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
AFL icon
201
Aflac
AFL
$62.6B
$9.31M 0.08%
177,990
-500
-0.3% -$26.4K
TRV icon
202
Travelers Companies
TRV
$80.2B
$9.3M 0.08%
62,583
-100
-0.2% -$14.9K
MET icon
203
MetLife
MET
$62.1B
$9.03M 0.08%
191,385
-36,100
-16% -$1.72M
ROP icon
204
Roper Technologies
ROP
$39.8B
$8.92M 0.08%
25,002
+100
+0.4% +$36.3K
PSA icon
205
Public Storage
PSA
$61.3B
$8.85M 0.08%
36,077
+100
+0.3% +$25.1K
WELL icon
206
Welltower
WELL
$171B
$8.83M 0.08%
97,409
+500
+0.5% +$43.5K
PRU icon
207
Prudential Financial
PRU
$41.8B
$8.69M 0.08%
96,632
-600
-0.6% -$54.4K
F icon
208
Ford
F
$55.7B
$8.63M 0.08%
942,190
+4,000
+0.4% +$38K
ALL icon
209
Allstate
ALL
$67.5B
$8.6M 0.08%
79,137
-600
-0.8% -$62.6K
XLI icon
210
State Street Industrial Select Sector SPDR ETF
XLI
$33.7B
$8.52M 0.08%
109,700
+5,000
+5% +$384K
DOW icon
211
Dow Inc
DOW
$21.2B
$8.51M 0.08%
178,678
-600
-0.3% -$28.1K
VLO icon
212
Valero Energy
VLO
$85.9B
$8.5M 0.08%
99,676
-200
-0.2% -$16.2K
FDX icon
213
FedEx
FDX
$75.4B
$8.4M 0.08%
57,712
+300
+0.5% +$48.4K
STZ icon
214
Constellation Brands
STZ
$23.2B
$8.33M 0.08%
40,175
+100
+0.2% +$20.1K
HUM icon
215
Humana
HUM
$46.2B
$8.32M 0.08%
32,526
+200
+0.6% +$56.1K
YUM icon
216
Yum! Brands
YUM
$41.1B
$8.3M 0.08%
73,154
-100
-0.1% -$11.4K
MAR icon
217
Marriott International
MAR
$92.3B
$8.18M 0.07%
65,752
-400
-0.6% -$53.1K
XEL icon
218
Xcel Energy
XEL
$48.8B
$8.18M 0.07%
126,034
+2,800
+2% +$174K
LRCX icon
219
Lam Research
LRCX
$390B
$8.03M 0.07%
347,600
-11,000
-3% -$231K
CTSH icon
220
Cognizant
CTSH
$26B
$8M 0.07%
132,754
-3,500
-3% -$221K
GIS icon
221
General Mills
GIS
$19.7B
$8M 0.07%
145,138
+1,800
+1% +$97K
NFE icon
222
New Fortress Energy
NFE
$101M
$7.81M 0.07%
433,106
+274,106
+172% +$3.93M
ADSK icon
223
Autodesk
ADSK
$52.6B
$7.8M 0.07%
52,820
+200
+0.4% +$31.1K
HCA icon
224
HCA Healthcare
HCA
$89.5B
$7.7M 0.07%
63,920
– –
TWTR
225
DELISTED
Twitter, Inc.
TWTR
$7.66M 0.07%
185,800
+11,000
+6% +$449K
7 8
9
10 11

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FAM
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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)
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CAM
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Luther King Capital Management (LKCM)
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DSA
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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.