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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
VTRS icon
276
Viatris
VTRS
$18.9B
$6.24M 0.05%
151,509
-5,700
-4% -$243K
KR icon
277
Kroger
KR
$34.8B
$6.21M 0.05%
259,476
-1,300
-0.5% -$35.3K
RF icon
278
Regions Financial
RF
$26.8B
$6.14M 0.05%
330,470
-9,600
-3% -$182K
NEM icon
279
Newmont
NEM
$119B
$6.14M 0.05%
157,055
+700
+0.4% +$27K
EIX icon
280
Edison International
EIX
$26.4B
$6.1M 0.05%
95,884
+400
+0.4% +$24.6K
KEY icon
281
KeyCorp
KEY
$24.4B
$6.1M 0.05%
312,227
-3,000
-1% -$62.9K
ORLY icon
282
O'Reilly Automotive
ORLY
$76.3B
$6.1M 0.05%
369,705
-4,500
-1% -$76.1K
BR icon
283
Broadridge
BR
$19B
$6.1M 0.05%
55,572
+600
+1% +$59.6K
WMB icon
284
Williams Companies
WMB
$86.1B
$6.06M 0.05%
243,586
+1,200
+0.5% +$35.4K
CFG icon
285
Citizens Financial Group
CFG
$30.6B
$6.02M 0.05%
143,500
-700
-0.5% -$31.4K
WELL icon
286
Welltower
WELL
$171B
$5.93M 0.05%
109,009
+400
+0.4% +$22.6K
WTW icon
287
Willis Towers Watson
WTW
$32B
$5.92M 0.05%
38,878
+200
+0.5% +$31.4K
ETN icon
288
Eaton
ETN
$174B
$5.9M 0.05%
73,854
-55,254
-43% -$4.53M
SBAC icon
289
SBA Communications
SBAC
$19.5B
$5.86M 0.05%
34,300
-200
-0.6% -$33.1K
WEC icon
290
WEC Energy
WEC
$35.1B
$5.82M 0.05%
92,877
+400
+0.4% +$24.8K
CAH icon
291
Cardinal Health
CAH
$55.4B
$5.8M 0.05%
92,615
+400
+0.4% +$27.4K
PAYX icon
292
Paychex
PAYX
$42.7B
$5.8M 0.05%
94,111
+400
+0.4% +$26.4K
PPL
293
PPL Corp
PPL
$26.7B
$5.78M 0.05%
204,366
+4,100
+2% +$122K
NUE icon
294
Nucor
NUE
$62.1B
$5.72M 0.05%
93,611
+400
+0.4% +$26.5K
LHX icon
295
L3Harris
LHX
$53.4B
$5.64M 0.05%
34,957
– –
BXP icon
296
Boston Properties
BXP
$11.1B
$5.6M 0.05%
45,428
+200
+0.4% +$24.3K
DTE icon
297
DTE Energy
DTE
$29.1B
$5.51M 0.04%
62,067
+235
+0.4% +$20.6K
ES icon
298
Eversource Energy
ES
$27.2B
$5.5M 0.04%
93,264
+400
+0.4% +$23.7K
CNC icon
299
Centene
CNC
$32.5B
$5.46M 0.04%
102,248
+1,200
+1% +$62.6K
XLNX
300
DELISTED
Xilinx Inc
XLNX
$5.42M 0.04%
74,971
+1,400
+2% +$101K
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 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.