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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
DG icon
301
Dollar General
DG
$28.1B
$5.98M 0.05%
82,942
-500
-0.6% -$36K
EXPE icon
302
Expedia Group
EXPE
$37.1B
$5.96M 0.05%
39,984
+400
+1% +$56.1K
CFG icon
303
Citizens Financial Group
CFG
$30.6B
$5.94M 0.04%
166,500
-700
-0.4% -$24.8K
TSN icon
304
Tyson Foods
TSN
$20.7B
$5.93M 0.04%
94,736
+500
+0.5% +$30.7K
DLR icon
305
Digital Realty Trust
DLR
$71.6B
$5.92M 0.04%
52,460
+100
+0.2% +$11.4K
CXO
306
DELISTED
CONCHO RESOURCES INC.
CXO
$5.92M 0.04%
48,732
+100
+0.2% +$12.6K
TROW icon
307
T. Rowe Price
TROW
$24.3B
$5.88M 0.04%
79,261
-700
-0.9% -$50.1K
VTRS icon
308
Viatris
VTRS
$19.9B
$5.88M 0.04%
151,509
+200
+0.1% +$7.67K
MCHP icon
309
Microchip Technology
MCHP
$42B
$5.82M 0.04%
150,744
+8,600
+6% +$338K
SWKS icon
310
Skyworks Solutions
SWKS
$10.1B
$5.82M 0.04%
60,608
-100
-0.2% -$10.3K
RF icon
311
Regions Financial
RF
$26.9B
$5.78M 0.04%
395,070
-800
-0.2% -$11.3K
K
312
DELISTED
Kellanova
K
$5.76M 0.04%
88,279
-213
-0.2% -$14.3K
LVLT
313
DELISTED
Level 3 Communications Inc
LVLT
$5.7M 0.04%
96,168
+200
+0.2% +$12K
NEM icon
314
Newmont
NEM
$111B
$5.68M 0.04%
175,255
+700
+0.4% +$23.6K
GEN icon
315
Gen Digital
GEN
$16.4B
$5.65M 0.04%
199,929
-3,300
-2% -$99.8K
CLX icon
316
Clorox
CLX
$12.8B
$5.64M 0.04%
42,370
+200
+0.5% +$27K
PFG icon
317
Principal Financial Group
PFG
$24.7B
$5.64M 0.04%
88,079
+300
+0.3% +$19K
COL
318
DELISTED
Rockwell Collins
COL
$5.61M 0.04%
53,409
+10,400
+24% +$1.08M
RHT
319
DELISTED
Red Hat Inc
RHT
$5.59M 0.04%
58,396
-200
-0.3% -$17.8K
ESS icon
320
Essex Property Trust
ESS
$18.4B
$5.56M 0.04%
21,602
+100
+0.5% +$25.1K
DVN icon
321
Devon Energy
DVN
$49.8B
$5.52M 0.04%
172,763
+400
+0.2% +$14.6K
ULTA icon
322
Ulta Beauty
ULTA
$23.2B
$5.51M 0.04%
19,184
– –
KDP icon
323
Keurig Dr Pepper
KDP
$41.6B
$5.51M 0.04%
60,436
+300
+0.5% +$28.1K
VMC icon
324
Vulcan Materials
VMC
$36.5B
$5.5M 0.04%
43,410
-100
-0.2% -$12.6K
DLTR icon
325
Dollar Tree
DLTR
$24.9B
$5.44M 0.04%
77,810
+300
+0.4% +$23.2K
11 12
13
14 15

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.