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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 16.67%
2 Financials 15.58%
3 Healthcare 14.83%
4 Real Estate 10.33%
5 Consumer Discretionary 9.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.86T
$542M 3.96%
9,598,364
-352,000
-4% -$18.3M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$803B
$445M 3.25%
1,529,415
+42,265
+3% +$12M
AGNC icon
3
AGNC Investment
AGNC
$12B
$419M 3.06%
22,485,845
+3,944,745
+21% +$75.2M
MSFT icon
4
Microsoft
MSFT
$3.75T
$338M 2.47%
2,957,317
+10,200
+0.3% +$1.11M
AMZN icon
5
Amazon
AMZN
$2.73T
$326M 2.39%
3,258,040
+58,000
+2% +$5.45M
NLY icon
6
Annaly Capital Management
NLY
$16.5B
$282M 2.06%
+6,895,569
New +$289M
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.27T
$265M 1.94%
4,398,760
+12,000
+0.3% +$726K
BRK.B icon
8
Berkshire Hathaway Class B
BRK.B
$1.1T
$240M 1.76%
1,122,370
+44,308
+4% +$9.09M
V icon
9
Visa
V
$701B
$229M 1.68%
1,528,944
+4,100
+0.3% +$583K
EXC icon
10
Exelon
EXC
$44B
$209M 1.53%
6,712,491
+844,004
+14% +$26M
META icon
11
Meta Platforms (Facebook)
META
$1.7T
$199M 1.45%
1,209,116
+8,500
+0.7% +$1.54M
HD icon
12
Home Depot
HD
$310B
$190M 1.39%
918,828
-600
-0.1% -$121K
GILD icon
13
Gilead Sciences
GILD
$182B
$189M 1.38%
2,449,460
-1,760,264
-42% -$133M
EG icon
14
Everest Group
EG
$14.6B
$186M 1.36%
812,200
+800,100
+6,612% +$179M
JPM icon
15
JPMorgan Chase
JPM
$931B
$173M 1.26%
1,531,285
-651,115
-30% -$73.9M
TWO
16
DELISTED
Two Harbors Investment
TWO
$172M 1.26%
2,888,036
+792,500
+38% +$49.4M
JNJ icon
17
Johnson & Johnson
JNJ
$642B
$131M 0.96%
946,964
+5,300
+0.6% +$704K
AXP icon
18
American Express
AXP
$221B
$122M 0.89%
1,148,101
-31,600
-3% -$3.29M
ZTS icon
19
Zoetis
ZTS
$30.4B
$114M 0.83%
1,243,592
-219,700
-15% -$19.5M
CVS icon
20
CVS Health
CVS
$122B
$113M 0.83%
1,437,340
-1,207,700
-46% -$86.3M
ARI
21
Apollo Commercial Real Estate
ARI
$845M
$112M 0.82%
5,919,968
– –
GOOG icon
22
Alphabet (Google) Class C
GOOG
$4.23T
$109M 0.8%
1,834,340
+36,000
+2% +$2.16M
WFC icon
23
Wells Fargo
WFC
$268B
$108M 0.79%
2,060,830
-2,339,467
-53% -$134M
XOM icon
24
ExxonMobil
XOM
$679B
$107M 0.78%
1,261,532
+8,000
+0.6% +$654K
ALLY icon
25
Ally Financial
ALLY
$12.8B
$99.5M 0.73%
3,762,933
– –
1
2 3 4 5

Similar funds

GT
Glenmede Trust Philadelphia, Pennsylvania $22.7B AUM
EIM
Elliott Investment Management West Palm Beach, Florida $22.7B AUM 59.88% 1-Year Est. Return
CIG
Capricorn Investment Group Palo Alto, California $22.5B AUM 50.37% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.7B AUM 32.92% 1-Year Est. Return
CB
Commerce Bank Kansas City, Missouri $22.8B AUM 28.56% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $22.8B AUM 25.09% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $22.3B AUM 36.19% 1-Year Est. Return
CI
Clal Insurance Tel-Aviv, Israel $22.3B AUM 79.91% 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.