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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
MPC icon
226
Marathon Petroleum
MPC
$83.6B
$8.92M 0.07%
170,466
-2,900
-2% -$150K
SSYS icon
227
Stratasys
SSYS
$778M
$8.73M 0.07%
374,603
– –
AVB icon
228
AvalonBay Communities
AVB
$27.1B
$8.71M 0.07%
45,323
+200
+0.4% +$38.2K
PPL
229
PPL Corp
PPL
$26.5B
$8.68M 0.07%
224,566
+1,300
+0.6% +$50.3K
BAC.WS.B
230
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$8.68M 0.07%
10,986,671
-1,476,729
-12% -$1.08M
NWL icon
231
Newell Brands
NWL
$2.63B
$8.51M 0.06%
158,771
+300
+0.2% +$15.2K
ZBH icon
232
Zimmer Biomet
ZBH
$19B
$8.49M 0.06%
68,127
+103
+0.2% +$12.2K
WDC icon
233
Western Digital
WDC
$179B
$8.48M 0.06%
126,676
+1,455
+1% +$96.7K
PSO icon
234
Pearson
PSO
$10B
$8.44M 0.06%
941,000
-120,600
-11% -$1.05M
PGR icon
235
Progressive
PGR
$124B
$8.42M 0.06%
190,881
+100
+0.1% +$4.15K
EIX icon
236
Edison International
EIX
$26.3B
$8.37M 0.06%
107,084
+100
+0.1% +$8.01K
ROST icon
237
Ross Stores
ROST
$81.2B
$8.36M 0.06%
144,838
-700
-0.5% -$43.7K
APC
238
DELISTED
Anadarko Petroleum
APC
$8.35M 0.06%
184,127
+500
+0.3% +$26.5K
WY icon
239
Weyerhaeuser
WY
$18.6B
$8.27M 0.06%
246,961
+900
+0.4% +$30.3K
CMI icon
240
Cummins
CMI
$89.5B
$8.23M 0.06%
50,764
-100
-0.2% -$15.5K
WMB icon
241
Williams Companies
WMB
$87.8B
$8.22M 0.06%
271,586
+300
+0.1% +$8.94K
HCA icon
242
HCA Healthcare
HCA
$88.7B
$8.2M 0.06%
94,020
-800
-0.8% -$67.7K
MTB icon
243
M&T Bank
MTB
$36.4B
$8.19M 0.06%
50,570
-100
-0.2% -$15.8K
EW icon
244
Edwards Lifesciences
EW
$51.3B
$8.15M 0.06%
206,868
-2,400
-1% -$87.6K
AAL icon
245
American Airlines Group
AAL
$11B
$8.14M 0.06%
161,856
-3,700
-2% -$172K
SYY icon
246
Sysco
SYY
$40.3B
$8.14M 0.06%
161,779
-1,500
-0.9% -$80.1K
ED icon
247
Consolidated Edison
ED
$40B
$8.11M 0.06%
100,328
+100
+0.1% +$8.08K
VTR icon
248
Ventas
VTR
$47.5B
$8.1M 0.06%
116,610
+100
+0.1% +$6.66K
CAH icon
249
Cardinal Health
CAH
$56B
$8.09M 0.06%
103,815
+200
+0.2% +$15.1K
YUM icon
250
Yum! Brands
YUM
$41.6B
$8.02M 0.06%
108,754
-1,700
-2% -$118K
8 9
10
11 12

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
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 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
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 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.