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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
VNO icon
326
Vornado Realty Trust
VNO
$7.3B
$5.32M 0.04%
70,076
+124
+0.2% +$9.61K
AZO icon
327
AutoZone
AZO
$50.1B
$5.29M 0.04%
9,264
-100
-1% -$65.1K
FCX icon
328
Freeport-McMoran
FCX
$97.2B
$5.25M 0.04%
437,423
+600
+0.1% +$7.28K
XLNX
329
DELISTED
Xilinx Inc
XLNX
$5.25M 0.04%
81,571
-200
-0.2% -$12.6K
TAP icon
330
Molson Coors Class B
TAP
$8.03B
$5.24M 0.04%
60,699
+100
+0.2% +$9.27K
LH icon
331
Labcorp
LH
$25.4B
$5.18M 0.04%
39,107
– –
COR icon
332
Cencora
COR
$61.5B
$5.16M 0.04%
54,584
+300
+0.6% +$26.7K
BEN icon
333
Franklin Resources
BEN
$17.5B
$5.04M 0.04%
112,560
-700
-0.6% -$29.9K
MHK icon
334
Mohawk Industries
MHK
$9.14B
$5.01M 0.04%
20,736
– –
BBY icon
335
Best Buy
BBY
$17B
$5M 0.04%
87,204
-1,800
-2% -$96.2K
DGX icon
336
Quest Diagnostics
DGX
$26.1B
$5M 0.04%
44,963
-200
-0.4% -$21.1K
LNC icon
337
Lincoln National
LNC
$8.94B
$4.98M 0.04%
73,681
-300
-0.4% -$19.8K
MTD icon
338
Mettler-Toledo International
MTD
$28.3B
$4.97M 0.04%
8,440
-100
-1% -$54.8K
O icon
339
Realty Income
O
$58.4B
$4.95M 0.04%
92,595
+722
+0.8% +$39.9K
HSY icon
340
Hershey
HSY
$36.2B
$4.94M 0.04%
45,982
+100
+0.2% +$11K
DOC icon
341
Healthpeak Properties
DOC
$14.7B
$4.92M 0.04%
153,967
+200
+0.1% +$6.34K
XRAY icon
342
Dentsply Sirona
XRAY
$2.74B
$4.89M 0.04%
75,366
-100
-0.1% -$6.32K
BALL icon
343
Ball Corp
BALL
$16.7B
$4.86M 0.04%
115,052
+100
+0.1% +$3.95K
WAT icon
344
Waters Corp
WAT
$38.8B
$4.83M 0.04%
26,296
– –
HBAN icon
345
Huntington Bancshares
HBAN
$35.6B
$4.83M 0.04%
357,238
+600
+0.2% +$7.76K
RSG icon
346
Republic Services
RSG
$63.4B
$4.82M 0.04%
75,600
-100
-0.1% -$6.33K
HSIC icon
347
Henry Schein
HSIC
$9.99B
$4.77M 0.04%
66,484
+255
+0.4% +$17.8K
CAG icon
348
Conagra Brands
CAG
$7.13B
$4.75M 0.04%
132,871
-2,900
-2% -$112K
KLAC icon
349
KLA
KLAC
$256B
$4.71M 0.04%
514,770
– –
IVZ icon
350
Invesco
IVZ
$14.3B
$4.71M 0.04%
133,755
+1,200
+0.9% +$39.1K
12 13
14
15 16

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.