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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
HIG icon
301
Hartford Financial Services
HIG
$39.3B
$5.41M 0.04%
105,075
+500
+0.5% +$27.4K
CERN
302
DELISTED
Cerner Corp
CERN
$5.4M 0.04%
93,068
+500
+0.5% +$32.5K
SWKS icon
303
Skyworks Solutions
SWKS
$10.6B
$5.38M 0.04%
53,708
-200
-0.4% -$20.8K
ALGN icon
304
Align Technology
ALGN
$12.3B
$5.32M 0.04%
21,200
– –
MGM icon
305
MGM Resorts International
MGM
$11.2B
$5.26M 0.04%
150,100
+700
+0.5% +$24.6K
BBY icon
306
Best Buy
BBY
$17.3B
$5.24M 0.04%
74,904
+400
+0.5% +$28.8K
AZO icon
307
AutoZone
AZO
$51.1B
$5.23M 0.04%
8,064
– –
PARA
308
DELISTED
Paramount Global Class B
PARA
$5.22M 0.04%
101,627
-4,700
-4% -$258K
VTR icon
309
Ventas
VTR
$47.9B
$5.2M 0.04%
104,910
+500
+0.5% +$26.2K
AME icon
310
Ametek
AME
$58.2B
$5.17M 0.04%
68,084
+300
+0.4% +$22.8K
INFO
311
DELISTED
IHS Markit Ltd. Common Shares
INFO
$5.14M 0.04%
106,600
+100
+0.1% +$4.73K
CLX icon
312
Clorox
CLX
$12.7B
$5.07M 0.04%
38,070
+300
+0.8% +$40.3K
NKTR icon
313
Nektar Therapeutics
NKTR
$2.58B
$5.04M 0.04%
+3,160
New +$4.07M
MSI icon
314
Motorola Solutions
MSI
$77.4B
$5.03M 0.04%
47,723
+200
+0.4% +$20.4K
KLAC icon
315
KLA
KLAC
$259B
$5.02M 0.04%
460,770
+1,000
+0.2% +$11.1K
UAL icon
316
United Airlines
UAL
$42.1B
$4.95M 0.04%
71,244
-2,600
-4% -$180K
OMC icon
317
Omnicom Group
OMC
$23.4B
$4.93M 0.04%
67,818
+200
+0.3% +$15K
DVN icon
318
Devon Energy
DVN
$47.3B
$4.92M 0.04%
154,863
+800
+0.5% +$29.4K
STX icon
319
Seagate
STX
$184B
$4.91M 0.04%
83,840
-1,000
-1% -$53.2K
MSCI icon
320
MSCI
MSCI
$40.9B
$4.9M 0.04%
32,800
+400
+1% +$57.3K
HBAN icon
321
Huntington Bancshares
HBAN
$35.5B
$4.9M 0.04%
324,538
+7,700
+2% +$121K
IDXX icon
322
Idexx Laboratories
IDXX
$46.2B
$4.9M 0.04%
25,600
– –
CMA
323
DELISTED
Comerica
CMA
$4.88M 0.04%
50,876
-100
-0.2% -$9.54K
NTAP icon
324
NetApp
NTAP
$37.2B
$4.87M 0.04%
78,891
-200
-0.3% -$12.2K
LH icon
325
Labcorp
LH
$25.9B
$4.85M 0.04%
34,917
+233
+0.7% +$34.2K
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 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.