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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
EQR icon
251
Equity Residential
EQR
$25.4B
$7.95M 0.06%
120,703
+100
+0.1% +$6.54K
DFS
252
DELISTED
Discover Financial Services
DFS
$7.77M 0.06%
124,943
-1,700
-1% -$105K
ADM icon
253
Archer Daniels Midland
ADM
$37.4B
$7.76M 0.06%
187,500
-100
-0.1% -$4.29K
ROP icon
254
Roper Technologies
ROP
$39B
$7.76M 0.06%
33,502
– –
APTV icon
255
Aptiv
APTV
$9.76B
$7.71M 0.06%
88,022
-500
-0.6% -$41.7K
TT icon
256
Trane Technologies
TT
$106B
$7.69M 0.06%
84,140
-1,100
-1% -$96.5K
IP icon
257
International Paper
IP
$22.4B
$7.68M 0.06%
143,271
+634
+0.4% +$32K
XEL icon
258
Xcel Energy
XEL
$48.2B
$7.65M 0.06%
166,834
+200
+0.1% +$9.21K
GMLP
259
DELISTED
Golar LNG Partners LP
GMLP
$7.63M 0.06%
380,000
– –
PCAR icon
260
PACCAR
PCAR
$70.2B
$7.62M 0.06%
173,127
+300
+0.2% +$13K
BHI
261
DELISTED
Baker Hughes
BHI
$7.62M 0.06%
139,801
+100
+0.1% +$5.75K
SYF icon
262
Synchrony
SYF
$25.8B
$7.55M 0.06%
253,110
+100
+0% +$2.96K
BCR
263
DELISTED
CR Bard Inc.
BCR
$7.52M 0.06%
23,777
+100
+0.4% +$29.7K
LRCX icon
264
Lam Research
LRCX
$385B
$7.5M 0.06%
530,600
-4,000
-0.7% -$58.7K
APH icon
265
Amphenol
APH
$212B
$7.42M 0.06%
401,808
-2,400
-0.6% -$43.8K
OKE icon
266
Oneok
OKE
$55B
$7.25M 0.05%
139,026
+69,800
+101% +$3.61M
BSMX
267
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
$7.17M 0.05%
744,300
– –
PEG icon
268
Public Service Enterprise Group
PEG
$37.7B
$7.15M 0.05%
166,222
-100
-0.1% -$4.42K
DXC icon
269
DXC Technology
DXC
$1.78B
$7.14M 0.05%
+107,624
New +$7.14M
SWK icon
270
Stanley Black & Decker
SWK
$15.6B
$7.07M 0.05%
50,248
+100
+0.2% +$13.7K
EL icon
271
Estee Lauder
EL
$31.5B
$7.07M 0.05%
73,618
+600
+0.8% +$55.1K
INCY icon
272
Incyte
INCY
$24.3B
$7.04M 0.05%
55,900
-2,000
-3% -$254K
PH icon
273
Parker-Hannifin
PH
$126B
$7M 0.05%
43,795
– –
KR icon
274
Kroger
KR
$34.7B
$6.99M 0.05%
299,876
-3,600
-1% -$102K
UAL icon
275
United Airlines
UAL
$43.1B
$6.97M 0.05%
92,644
-1,400
-1% -$106K
9 10
11
12 13

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.