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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
+3.9%
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
$12.7B
AUM Growth
+$242M
Cap. Flow
-$121M
Cap. Flow %
-0.96%
Top 10 Hldgs %
23.86%
Holding
959
New
19
Increased
657
Reduced
198
Closed
23

Top Buys

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$83.8M
2
EXC icon
Exelon
EXC
+$70.1M
3
ORCL icon
Oracle
ORCL
+$29.3M
4
AVY icon
Avery Dennison
AVY
+$28.1M
5
NLSN
Nielsen Holdings plc
NLSN
+$27.4M

Top Sells

Rank Stock Value
1
AFL icon
Aflac
AFL
+$146M
2
MON
Monsanto Co
MON
+$61.8M
3
XYZ
Block Inc
XYZ
+$58.9M
4
VLO icon
Valero Energy
VLO
+$41.2M
5
TWX
Time Warner Inc
TWX
+$39.4M

Sector Composition

Rank Sector Weight
1 Financials 16.69%
2 Technology 15.7%
3 Healthcare 15.25%
4 Consumer Discretionary 9.01%
5 Communication Services 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EARN
276
Ellington Residential Mortgage REIT
EARN
$165M
$6.32M 0.05%
580,000
– –
NTAP icon
277
NetApp
NTAP
$37.2B
$6.23M 0.05%
79,291
+400
+0.5% +$28.1K
TSS
278
DELISTED
Total System Services, Inc.
TSS
$6.19M 0.05%
73,223
+500
+0.7% +$43.1K
ROK icon
279
Rockwell Automation
ROK
$49B
$6.18M 0.05%
37,190
-400
-1% -$69.5K
KEY icon
280
KeyCorp
KEY
$24.4B
$6.14M 0.05%
314,327
+2,100
+0.7% +$41.9K
PH icon
281
Parker-Hannifin
PH
$135B
$6.14M 0.05%
39,395
+200
+0.5% +$34.1K
CXO
282
DELISTED
CONCHO RESOURCES INC.
CXO
$6.11M 0.05%
44,132
+200
+0.5% +$28.6K
EIX icon
283
Edison International
EIX
$26.4B
$6.11M 0.05%
96,484
+600
+0.6% +$37.4K
CMI icon
284
Cummins
CMI
$88.7B
$6.1M 0.05%
45,864
– –
TSN icon
285
Tyson Foods
TSN
$20.4B
$6.07M 0.05%
88,136
+500
+0.6% +$34.8K
WEC icon
286
WEC Energy
WEC
$35.1B
$6.04M 0.05%
93,377
+500
+0.5% +$31.1K
VTR icon
287
Ventas
VTR
$47.9B
$6.01M 0.05%
105,510
+600
+0.6% +$31.4K
AMP icon
288
Ameriprise Financial
AMP
$48.8B
$5.99M 0.05%
42,816
-300
-0.7% -$42.5K
DLTR icon
289
Dollar Tree
DLTR
$25.2B
$5.99M 0.05%
70,410
+600
+0.9% +$55.3K
NEM icon
290
Newmont
NEM
$119B
$5.96M 0.05%
157,955
+900
+0.6% +$35.4K
WTW icon
291
Willis Towers Watson
WTW
$32B
$5.92M 0.05%
39,078
+200
+0.5% +$30.4K
RF icon
292
Regions Financial
RF
$26.8B
$5.91M 0.05%
332,570
+2,100
+0.6% +$39.3K
PPL
293
PPL Corp
PPL
$26.7B
$5.91M 0.05%
206,966
+2,600
+1% +$72K
NUE icon
294
Nucor
NUE
$62.1B
$5.89M 0.05%
94,211
+600
+0.6% +$38.3K
A icon
295
Agilent Technologies
A
$41.2B
$5.86M 0.05%
94,769
-200
-0.2% -$13.1K
FITB
296
Fifth Third Bancorp
FITB
$51.8B
$5.82M 0.05%
202,904
-1,400
-0.7% -$44.4K
BXP icon
297
Boston Properties
BXP
$11.1B
$5.74M 0.05%
45,728
+300
+0.7% +$36.4K
PARA
298
DELISTED
Paramount Global Class B
PARA
$5.68M 0.04%
101,127
-500
-0.5% -$26.1K
SBAC icon
299
SBA Communications
SBAC
$19.5B
$5.63M 0.04%
34,100
-200
-0.6% -$32.3K
IDXX icon
300
Idexx Laboratories
IDXX
$46.2B
$5.6M 0.04%
25,700
+100
+0.4% +$20.6K
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 2018 Portfolio in Review

As of Q2 2018, State of Michigan Retirement System held 959 positions worth $12.7B, up 1.9% from $12.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q2 2018: portfolio turnover was 4.4%. State of Michigan Retirement System opened 19 new positions and exited 23, leaving the 959-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2018 buy was Rithm Capital: 670,000 shares worth $11.7M.
  • State of Michigan Retirement System added most to AGNC Investment in Q2 2018, an estimated $83.8M increase.
  • State of Michigan Retirement System's biggest Q2 2018 reduction was Aflac, cutting an estimated $146M.
  • State of Michigan Retirement System fully exited Monsanto Co in Q2 2018, selling an estimated $61.8M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $12.7B portfolio in Q2 2018.
  • State of Michigan Retirement System opened 19 new positions and closed 23 in Q2 2018.
  • State of Michigan Retirement System's portfolio value rose 1.9% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q2 2018, filed 8 Aug 2018.