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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
+1.57%
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
$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
AGNC icon
1
AGNC Investment
AGNC
$12.9B
$371M 3.36%
23,082,030
-3,400,000
-13% -$55.8M
MSFT icon
2
Microsoft
MSFT
$2.95T
$359M 3.25%
2,579,717
+49,000
+2% +$6.74M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$347M 3.14%
1,168,279
– –
AAPL icon
4
Apple
AAPL
$5.06T
$259M 2.35%
4,629,964
-100,800
-2% -$5.27M
AMZN icon
5
Amazon
AMZN
$2.49T
$227M 2.06%
2,618,040
+162,000
+7% +$15M
JPM icon
6
JPMorgan Chase
JPM
$927B
$174M 1.58%
1,477,985
-7,900
-0.5% -$894K
NLY icon
7
Annaly Capital Management
NLY
$17.5B
$168M 1.52%
4,775,000
-3,501,798
-42% -$126M
BRK.B icon
8
Berkshire Hathaway Class B
BRK.B
$1.1T
$150M 1.36%
719,299
+7,300
+1% +$1.5M
TWO
9
Two Harbors Investment
TWO
$1.27B
$146M 1.32%
2,782,886
-187,650
-6% -$9.9M
V icon
10
Visa
V
$698B
$144M 1.31%
837,944
-1,200
-0.1% -$214K
HD icon
11
Home Depot
HD
$343B
$144M 1.3%
619,928
-100
-0% -$21.9K
RITM icon
12
Rithm Capital
RITM
$5.61B
$132M 1.19%
8,404,734
-1,750,000
-17% -$26.2M
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$4.16T
$130M 1.18%
2,136,760
+8,000
+0.4% +$474K
META icon
14
Meta Platforms (Facebook)
META
$1.52T
$127M 1.15%
710,374
+11,400
+2% +$2.17M
VZ icon
15
Verizon
VZ
$201B
$118M 1.07%
1,953,415
+4,300
+0.2% +$248K
DIS icon
16
Walt Disney
DIS
$172B
$111M 1%
849,191
+15,200
+2% +$2.1M
INTC icon
17
Intel
INTC
$431B
$105M 0.95%
2,037,311
-6,800
-0.3% -$334K
ARI
18
Apollo Commercial Real Estate
ARI
$866M
$105M 0.95%
5,459,968
-460,000
-8% -$8.67M
WFC icon
19
Wells Fargo
WFC
$257B
$101M 0.91%
1,993,830
-4,500
-0.2% -$212K
SYK icon
20
Stryker
SYK
$135B
$97.9M 0.89%
452,596
+46,000
+11% +$9.87M
PG icon
21
Procter & Gamble
PG
$338B
$96.6M 0.87%
776,603
+1,200
+0.2% +$142K
TMO icon
22
Thermo Fisher Scientific
TMO
$213B
$96.1M 0.87%
329,931
+13,100
+4% +$3.75M
JNJ icon
23
Johnson & Johnson
JNJ
$641B
$93.2M 0.84%
720,664
-1,200
-0.2% -$158K
MA icon
24
Mastercard
MA
$499B
$92.1M 0.83%
339,128
-500
-0.1% -$138K
GOOG icon
25
Alphabet (Google) Class C
GOOG
$4.15T
$88.5M 0.8%
1,452,340
-16,000
-1% -$947K
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 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.