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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
+3.07%
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
$13.2B
AUM Growth
+$301M
Cap. Flow
-$9.45M
Cap. Flow %
-0.07%
Top 10 Hldgs %
24.67%
Holding
966
New
21
Increased
601
Reduced
225
Closed
18

Top Buys

Rank Stock Value
1
CVS icon
CVS Health
CVS
+$45.3M
2
AGNC icon
AGNC Investment
AGNC
+$33.4M
3
XYZ
Block Inc
XYZ
+$32.9M
4
SYK icon
Stryker
SYK
+$30.9M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$24.7M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$69.5M
2
HD icon
Home Depot
HD
+$42.6M
3
HON icon
Honeywell
HON
+$37.5M
4
NVDA icon
NVIDIA
NVDA
+$31.5M
5
TJX icon
TJX Companies
TJX
+$25.1M

Sector Composition

Rank Sector Weight
1 Financials 20.56%
2 Healthcare 13.97%
3 Technology 13.7%
4 Communication Services 10.64%
5 Industrials 8.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KMB icon
151
Kimberly-Clark
KMB
$35.9B
$15.1M 0.11%
116,646
-200
-0.2% -$26K
OXY icon
152
Occidental Petroleum
OXY
$59B
$15M 0.11%
251,256
+200
+0.1% +$12.2K
VVC
153
DELISTED
Vectren Corporation
VVC
$15M 0.11%
256,860
+500
+0.2% +$30K
NOC icon
154
Northrop Grumman
NOC
$81.8B
$14.7M 0.11%
57,417
+100
+0.2% +$25K
ITW icon
155
Illinois Tool Works
ITW
$83.8B
$14.6M 0.11%
102,197
-300
-0.3% -$41.8K
AMAT icon
156
Applied Materials
AMAT
$416B
$14.6M 0.11%
353,209
-1,500
-0.4% -$63.7K
F icon
157
Ford
F
$56.1B
$14.4M 0.11%
1,285,390
+3,200
+0.2% +$35.7K
CI icon
158
Cigna
CI
$71.9B
$14.1M 0.11%
84,128
-300
-0.4% -$48.2K
CME icon
159
CME Group
CME
$93.8B
$14M 0.11%
111,677
+100
+0.1% +$12K
C.WS.A
160
DELISTED
Citigroup Inc
C.WS.A
$13.4M 0.1%
89,144,993
+14,484,948
+19% +$1.81M
JCI icon
161
Johnson Controls International
JCI
$93.3B
$13.4M 0.1%
308,287
-100
-0% -$4.19K
MRSH
162
Marsh
MRSH
$91.7B
$13.2M 0.1%
169,401
+200
+0.1% +$15.1K
ATVI
163
DELISTED
Activision Blizzard
ATVI
$13.1M 0.1%
227,844
+600
+0.3% +$33.1K
COF icon
164
Capital One
COF
$135B
$13.1M 0.1%
158,748
+900
+0.6% +$73.1K
EPD icon
165
Enterprise Products Partners
EPD
$82B
$13.1M 0.1%
483,000
– –
DAL icon
166
Delta Air Lines
DAL
$59.6B
$13M 0.1%
241,932
+1,900
+0.8% +$93.1K
RPT
167
Rithm Property Trust
RPT
$98M
$13M 0.1%
160,427
– –
CTSH icon
168
Cognizant
CTSH
$26.3B
$12.9M 0.1%
193,554
-6,400
-3% -$407K
ICE icon
169
Intercontinental Exchange
ICE
$84.6B
$12.8M 0.1%
194,600
-1,100
-0.6% -$67.5K
BSX icon
170
Boston Scientific
BSX
$74B
$12.5M 0.09%
450,096
+2,200
+0.5% +$58.4K
ESRX
171
DELISTED
Express Scripts Holding Company
ESRX
$12.5M 0.09%
195,092
-3,900
-2% -$245K
PX
172
DELISTED
Praxair Inc
PX
$12.5M 0.09%
93,945
+300
+0.3% +$38.5K
VEA icon
173
Vanguard FTSE Developed Markets ETF
VEA
$236B
$12.4M 0.09%
300,000
– –
LUV icon
174
Southwest Airlines
LUV
$22.3B
$12.3M 0.09%
198,684
-3,400
-2% -$198K
REGN icon
175
Regeneron Pharmaceuticals
REGN
$83.1B
$12.3M 0.09%
25,044
+100
+0.4% +$43.8K
5 6
7
8 9

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
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
CHP
Castle Hook Partners New York $23.4B AUM 158.96% 1-Year Est. Return
IC
IEQ Capital Foster City, California $21.5B AUM 75.26% 1-Year Est. Return
OAG
Orbis Allan Gray Hamilton, Bermuda $23.7B AUM 65.43% 1-Year Est. Return

State of Michigan Retirement System's Q2 2017 Portfolio in Review

As of Q2 2017, State of Michigan Retirement System held 966 positions worth $13.2B, up 2.3% from $12.9B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q2 2017: portfolio turnover was 4%. State of Michigan Retirement System opened 21 new positions and exited 18, leaving the 966-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q2 2017 buy was AGNC Investment: 1,609,500 shares worth $34.3M.
  • State of Michigan Retirement System added most to CVS Health in Q2 2017, an estimated $45.3M increase.
  • State of Michigan Retirement System's biggest Q2 2017 reduction was Apple, cutting an estimated $69.5M.
  • State of Michigan Retirement System fully exited Yahoo Inc in Q2 2017, selling an estimated $13.4M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $13.2B portfolio in Q2 2017.
  • State of Michigan Retirement System opened 21 new positions and closed 18 in Q2 2017.
  • State of Michigan Retirement System's portfolio value rose 2.3% quarter-over-quarter to $13.2B.

Based on State of Michigan Retirement System's 13F filing for Q2 2017, filed 19 Jul 2017.