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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
SWK icon
251
Stanley Black & Decker
SWK
$15.7B
$6.92M 0.06%
45,148
+200
+0.4% +$32.5K
OKE icon
252
Oneok
OKE
$54.5B
$6.88M 0.06%
120,926
+8,500
+8% +$488K
PCAR icon
253
PACCAR
PCAR
$70.1B
$6.86M 0.06%
155,427
+750
+0.5% +$35.5K
XEL icon
254
Xcel Energy
XEL
$48.8B
$6.8M 0.05%
149,534
+700
+0.5% +$31.2K
PH icon
255
Parker-Hannifin
PH
$135B
$6.7M 0.05%
39,195
+100
+0.3% +$18.9K
AVB icon
256
AvalonBay Communities
AVB
$26.8B
$6.68M 0.05%
40,623
+100
+0.2% +$16.4K
EQR icon
257
Equity Residential
EQR
$25.1B
$6.68M 0.05%
108,403
+700
+0.6% +$41.6K
PCG icon
258
PG&E
PCG
$38.5B
$6.66M 0.05%
151,629
+1,300
+0.9% +$55.2K
DLTR icon
259
Dollar Tree
DLTR
$25.2B
$6.63M 0.05%
69,810
+300
+0.4% +$31.4K
CXO
260
DELISTED
CONCHO RESOURCES INC.
CXO
$6.6M 0.05%
43,932
+300
+0.7% +$45.7K
ROK icon
261
Rockwell Automation
ROK
$49B
$6.55M 0.05%
37,590
-100
-0.3% -$19K
ZBH icon
262
Zimmer Biomet
ZBH
$18.4B
$6.53M 0.05%
61,638
+515
+0.8% +$59.8K
COL
263
DELISTED
Rockwell Collins
COL
$6.51M 0.05%
48,309
+600
+1% +$81.9K
IP icon
264
International Paper
IP
$22B
$6.5M 0.05%
128,381
+528
+0.4% +$29.3K
FITB
265
Fifth Third Bancorp
FITB
$51.8B
$6.49M 0.05%
204,304
-2,500
-1% -$81.6K
NTRS icon
266
Northern Trust
NTRS
$33.9B
$6.46M 0.05%
62,654
-300
-0.5% -$31.4K
AAL icon
267
American Airlines Group
AAL
$10.6B
$6.44M 0.05%
123,956
-900
-0.7% -$48.2K
TSN icon
268
Tyson Foods
TSN
$20.4B
$6.41M 0.05%
87,636
+400
+0.5% +$30.5K
AMP icon
269
Ameriprise Financial
AMP
$48.8B
$6.38M 0.05%
43,116
-200
-0.5% -$32.6K
DLR icon
270
Digital Realty Trust
DLR
$71.7B
$6.37M 0.05%
60,460
+200
+0.3% +$21.1K
EARN
271
Ellington Residential Mortgage REIT
EARN
$165M
$6.36M 0.05%
580,000
– –
A icon
272
Agilent Technologies
A
$41.2B
$6.35M 0.05%
94,969
+600
+0.6% +$42.1K
TT icon
273
Trane Technologies
TT
$106B
$6.29M 0.05%
73,540
+300
+0.4% +$26.9K
TSS
274
DELISTED
Total System Services, Inc.
TSS
$6.27M 0.05%
72,723
-400
-0.5% -$34.4K
KDP icon
275
Keurig Dr Pepper
KDP
$40.8B
$6.27M 0.05%
52,936
– –
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 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.