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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
+0.33%
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
$12.4B
AUM Growth
-$256M
Cap. Flow
-$114M
Cap. Flow %
-0.92%
Top 10 Hldgs %
22.57%
Holding
956
New
17
Increased
679
Reduced
171
Closed
16

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$119M
2
AGNC icon
AGNC Investment
AGNC
+$85.4M
3
EXC icon
Exelon
EXC
+$81.7M
4
XYZ
Block Inc
XYZ
+$52.6M
5
MTGE
MTGE Investment Corp. Common Stock
MTGE
+$38.9M

Top Sells

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$266M
2
VZ icon
Verizon
VZ
+$189M
3
VR
Validus Hold Ltd
VR
+$141M
4
PG icon
Procter & Gamble
PG
+$91.3M
5
CELG
Celgene Corp
CELG
+$32.3M

Sector Composition

Rank Sector Weight
1 Financials 18.14%
2 Technology 16.4%
3 Healthcare 14.86%
4 Communication Services 8.71%
5 Consumer Discretionary 8.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADSK icon
226
Autodesk
ADSK
$52.6B
$8.14M 0.07%
64,820
+600
+0.9% +$71.5K
HPE icon
227
Hewlett Packard
HPE
$70.5B
$8.09M 0.07%
461,297
-6,300
-1% -$107K
WDC icon
228
Western Digital
WDC
$150B
$8.09M 0.07%
115,960
+1,191
+1% +$80.2K
HCA icon
229
HCA Healthcare
HCA
$89.5B
$8M 0.06%
82,420
-600
-0.7% -$58.2K
CCL icon
230
Carnival Corporation Ltd
CCL
$39.7B
$7.84M 0.06%
119,560
– –
REGN icon
231
Regeneron Pharmaceuticals
REGN
$80.8B
$7.83M 0.06%
22,744
+200
+0.9% +$69.6K
RHT
232
DELISTED
Red Hat Inc
RHT
$7.79M 0.06%
52,096
+200
+0.4% +$27.7K
WY icon
233
Weyerhaeuser
WY
$18.4B
$7.78M 0.06%
222,361
+1,100
+0.5% +$38.8K
TROW icon
234
T. Rowe Price
TROW
$24.3B
$7.78M 0.06%
72,061
+1,000
+1% +$111K
APH icon
235
Amphenol
APH
$209B
$7.75M 0.06%
359,808
+1,600
+0.4% +$36K
GPN icon
236
Global Payments
GPN
$22.8B
$7.67M 0.06%
68,764
+600
+0.9% +$66.3K
GIS icon
237
General Mills
GIS
$19.7B
$7.55M 0.06%
167,538
+900
+0.5% +$48.8K
DFS
238
DELISTED
Discover Financial Services
DFS
$7.51M 0.06%
104,443
-2,100
-2% -$162K
PEG icon
239
Public Service Enterprise Group
PEG
$37.7B
$7.47M 0.06%
148,622
+300
+0.2% +$14.7K
CMI icon
240
Cummins
CMI
$88.7B
$7.43M 0.06%
45,864
+100
+0.2% +$17.2K
VFC icon
241
VF Corp
VFC
$5.89B
$7.18M 0.06%
102,938
+850
+0.8% +$61.5K
ADM icon
242
Archer Daniels Midland
ADM
$36.9B
$7.14M 0.06%
164,600
+700
+0.4% +$29.5K
GLW icon
243
Corning
GLW
$143B
$7.13M 0.06%
255,869
+1,100
+0.4% +$33.9K
ED icon
244
Consolidated Edison
ED
$39.9B
$7.13M 0.06%
91,428
+500
+0.5% +$38.9K
DG icon
245
Dollar General
DG
$27.9B
$7.1M 0.06%
75,942
-400
-0.5% -$38.4K
SYF icon
246
Synchrony
SYF
$25.6B
$7.05M 0.06%
210,410
-5,200
-2% -$193K
FTV icon
247
Fortive
FTV
$18.6B
$6.99M 0.06%
142,908
+793
+0.6% +$37.7K
FCX icon
248
Freeport-McMoran
FCX
$97.5B
$6.96M 0.06%
396,423
+1,800
+0.5% +$33.8K
MNST icon
249
Monster Beverage
MNST
$88.5B
$6.96M 0.06%
243,384
+2,000
+0.8% +$62.5K
NTNX icon
250
Nutanix
NTNX
$16.9B
$6.94M 0.06%
+141,290
New +$5.6M
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 Q1 2018 Portfolio in Review

As of Q1 2018, State of Michigan Retirement System held 956 positions worth $12.4B, down 2% from $12.7B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Trading was light in Q1 2018: portfolio turnover was 3.5%. State of Michigan Retirement System opened 17 new positions and exited 16, leaving the 956-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 20% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q1 2018 buy was MTGE Investment Corp. Common Stock: 2,200,000 shares worth $39.4M.
  • State of Michigan Retirement System added most to Gilead Sciences in Q1 2018, an estimated $119M increase.
  • State of Michigan Retirement System's biggest Q1 2018 reduction was Berkshire Hathaway Class B, cutting an estimated $266M.
  • State of Michigan Retirement System fully exited Validus Hold Ltd in Q1 2018, selling an estimated $141M.
  • State of Michigan Retirement System's ten largest holdings make up 23% of its $12.4B portfolio in Q1 2018.
  • State of Michigan Retirement System opened 17 new positions and closed 16 in Q1 2018.
  • State of Michigan Retirement System's portfolio value fell 2% quarter-over-quarter to $12.4B.

Based on State of Michigan Retirement System's 13F filing for Q1 2018, filed 8 May 2018.