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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
NTRS icon
276
Northern Trust
NTRS
$33.7B
$6.9M 0.05%
70,954
+300
+0.4% +$27K
ROK icon
277
Rockwell Automation
ROK
$50.1B
$6.87M 0.05%
42,390
+100
+0.2% +$15.8K
KEY icon
278
KeyCorp
KEY
$24.8B
$6.75M 0.05%
360,227
+8,000
+2% +$145K
EFX icon
279
Equifax
EFX
$20.8B
$6.71M 0.05%
48,846
+200
+0.4% +$27.5K
MNST icon
280
Monster Beverage
MNST
$92.4B
$6.58M 0.05%
264,984
+600
+0.2% +$14.5K
ORLY icon
281
O'Reilly Automotive
ORLY
$76.3B
$6.55M 0.05%
449,205
-3,000
-0.7% -$49K
GPN icon
282
Global Payments
GPN
$23.9B
$6.5M 0.05%
71,964
– –
CERN
283
DELISTED
Cerner Corp
CERN
$6.43M 0.05%
96,668
+300
+0.3% +$19.2K
ADSK icon
284
Autodesk
ADSK
$50.7B
$6.42M 0.05%
63,720
-600
-0.9% -$59.4K
FITB
285
Fifth Third Bancorp
FITB
$52.2B
$6.4M 0.05%
246,604
+100
+0% +$2.47K
AMP icon
286
Ameriprise Financial
AMP
$49.6B
$6.38M 0.05%
50,116
-500
-1% -$63.5K
WEC icon
287
WEC Energy
WEC
$35.3B
$6.36M 0.05%
103,677
– –
HIG icon
288
Hartford Financial Services
HIG
$39.4B
$6.35M 0.05%
120,775
-2,000
-2% -$99.1K
OMC icon
289
Omnicom Group
OMC
$22.4B
$6.34M 0.05%
76,518
-500
-0.6% -$41.7K
ES icon
290
Eversource Energy
ES
$27.3B
$6.32M 0.05%
104,164
+100
+0.1% +$6.07K
A icon
291
Agilent Technologies
A
$39.9B
$6.29M 0.05%
105,969
+200
+0.2% +$11.4K
FTV icon
292
Fortive
FTV
$18.5B
$6.28M 0.05%
157,179
+317
+0.2% +$12.5K
DTE icon
293
DTE Energy
DTE
$29.1B
$6.23M 0.05%
69,235
– –
BXP icon
294
Boston Properties
BXP
$11.2B
$6.22M 0.05%
50,528
– –
MVIS icon
295
Microvision
MVIS
$74M
$6.16M 0.05%
193,740
– –
VFC icon
296
VF Corp
VFC
$5.98B
$6.07M 0.05%
111,858
-3,717
-3% -$192K
NUE icon
297
Nucor
NUE
$62.6B
$6.07M 0.05%
104,811
+100
+0.1% +$5.86K
RCL icon
298
Royal Caribbean
RCL
$87.6B
$6.03M 0.05%
55,172
+100
+0.2% +$10.6K
APA icon
299
APA Corp
APA
$12.3B
$5.99M 0.05%
124,994
+300
+0.2% +$14.8K
PAYX icon
300
Paychex
PAYX
$42.1B
$5.99M 0.05%
105,111
+200
+0.2% +$11.7K
10 11
12
13 14

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.