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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $18.9B
1-Year Est. Return 27.96%
This Fund
S&P 500
This Quarter Est. Return
+3.47%
1 Year Est. Return
+27.96%
3 Year Est. Return
+96.72%
5 Year Est. Return
+118.4%
10 Year Est. Return
+412.12%
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
AGNC icon
1
AGNC Investment
AGNC
$12.4B
$445M 4.03%
26,482,030
+2,200,000
+9% +$38.2M
SPY icon
2
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$342M 3.1%
1,168,279
-500,000
-30% -$144M
MSFT icon
3
Microsoft
MSFT
$2.89T
$339M 3.07%
2,530,717
-86,500
-3% -$11M
NLY icon
4
Annaly Capital Management
NLY
$16.9B
$302M 2.73%
8,276,798
+1,250,000
+18% +$47.6M
AAPL icon
5
Apple
AAPL
$4.95T
$234M 2.12%
4,730,764
-2,754,800
-37% -$134M
AMZN icon
6
Amazon
AMZN
$2.49T
$233M 2.1%
2,456,040
-398,000
-14% -$37.1M
JPM icon
7
JPMorgan Chase
JPM
$947B
$166M 1.5%
1,485,885
-167,000
-10% -$18.4M
RITM icon
8
Rithm Capital
RITM
$5.15B
$156M 1.41%
10,154,734
– –
BRK.B icon
9
Berkshire Hathaway Class B
BRK.B
$1.07T
$152M 1.37%
711,999
-149,600
-17% -$31M
TWO
10
Two Harbors Investment
TWO
$1.27B
$151M 1.36%
2,970,536
– –
V icon
11
Visa
V
$689B
$146M 1.32%
839,144
-88,000
-9% -$14.4M
META icon
12
Meta Platforms (Facebook)
META
$1.51T
$135M 1.22%
698,974
-97,200
-12% -$17.8M
HD icon
13
Home Depot
HD
$335B
$129M 1.17%
620,028
-142,100
-19% -$28.3M
DIS icon
14
Walt Disney
DIS
$168B
$116M 1.05%
833,991
-85,400
-9% -$11.3M
GOOGL icon
15
Alphabet (Google) Class A
GOOGL
$3.99T
$115M 1.04%
2,128,760
-292,000
-12% -$16.9M
VZ icon
16
Verizon
VZ
$198B
$111M 1.01%
1,949,115
-200,700
-9% -$11.6M
ARI
17
Apollo Commercial Real Estate
ARI
$876M
$109M 0.98%
5,919,968
– –
JNJ icon
18
Johnson & Johnson
JNJ
$641B
$101M 0.91%
721,864
-131,800
-15% -$18.2M
INTC icon
19
Intel
INTC
$462B
$97.9M 0.89%
2,044,111
-224,100
-10% -$11.1M
WFC icon
20
Wells Fargo
WFC
$264B
$94.6M 0.86%
1,998,330
-211,500
-10% -$9.89M
TMO icon
21
Thermo Fisher Scientific
TMO
$208B
$93M 0.84%
316,831
-20,300
-6% -$5.59M
CSCO icon
22
Cisco
CSCO
$452B
$89.9M 0.81%
1,642,491
-243,800
-13% -$13.5M
MA icon
23
Mastercard
MA
$487B
$89.8M 0.81%
339,628
-45,000
-12% -$11.3M
PG icon
24
Procter & Gamble
PG
$346B
$85M 0.77%
775,403
-120,400
-13% -$12.8M
HON icon
25
Honeywell
HON
$77.9B
$83.9M 0.76%
510,129
-38,090
-7% -$6.06M
1
2 3 4 5

Similar funds

BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return
JAM
Jupiter Asset Management London, United Kingdom $18.8B AUM 29.2% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
PCM
Pentwater Capital Management Naples, Florida $19.3B AUM 58.13% 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.