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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
PFG icon
326
Principal Financial Group
PFG
$24.3B
$4.83M 0.04%
79,279
+600
+0.8% +$39.5K
WRK
327
DELISTED
WestRock Company
WRK
$4.82M 0.04%
75,102
+500
+0.7% +$33K
LLL
328
DELISTED
L3 Technologies, Inc.
LLL
$4.78M 0.04%
22,996
+100
+0.4% +$20.7K
K
329
DELISTED
Kellanova
K
$4.76M 0.04%
78,055
+426
+0.5% +$26.9K
VRSK icon
330
Verisk Analytics
VRSK
$25B
$4.75M 0.04%
45,716
+200
+0.4% +$20K
LEN icon
331
Lennar Class A
LEN
$21.2B
$4.74M 0.04%
83,010
+21,073
+34% +$1.27M
GEN icon
332
Gen Digital
GEN
$17.5B
$4.72M 0.04%
182,529
+800
+0.4% +$21.8K
LUMN icon
333
Lumen
LUMN
$6.44B
$4.71M 0.04%
286,376
+1,200
+0.4% +$20.8K
TFCF
334
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$4.7M 0.04%
129,256
+500
+0.4% +$18.2K
LNC icon
335
Lincoln National
LNC
$8.81B
$4.7M 0.04%
64,281
+100
+0.2% +$7.84K
HLT icon
336
Hilton Worldwide
HLT
$71.5B
$4.69M 0.04%
59,500
+200
+0.3% +$16.4K
ESS icon
337
Essex Property Trust
ESS
$18.5B
$4.67M 0.04%
19,402
– –
FAST icon
338
Fastenal
FAST
$59.5B
$4.62M 0.04%
338,544
+1,600
+0.5% +$22K
WAT icon
339
Waters Corp
WAT
$39.9B
$4.61M 0.04%
23,196
-100
-0.4% -$20.7K
VVC
340
DELISTED
Vectren Corporation
VVC
$4.57M 0.04%
71,460
+400
+0.6% +$24.7K
TXT icon
341
Textron
TXT
$15.4B
$4.54M 0.04%
77,037
-200
-0.3% -$11.8K
FE icon
342
FirstEnergy
FE
$27.5B
$4.48M 0.04%
131,653
+1,200
+0.9% +$38.5K
DOV icon
343
Dover
DOV
$28.4B
$4.46M 0.04%
56,282
-248
-0.4% -$20.3K
VMC icon
344
Vulcan Materials
VMC
$36.9B
$4.45M 0.04%
39,010
+200
+0.5% +$25.2K
EMN icon
345
Eastman Chemical
EMN
$8.42B
$4.44M 0.04%
42,070
-100
-0.2% -$10.1K
DHI icon
346
D.R. Horton
DHI
$42.3B
$4.42M 0.04%
100,760
+700
+0.7% +$32.7K
RSG icon
347
Republic Services
RSG
$65.7B
$4.39M 0.04%
66,300
-300
-0.5% -$20.1K
TDG icon
348
TransDigm Group
TDG
$67.7B
$4.39M 0.04%
14,304
+100
+0.7% +$29.5K
NBL
349
DELISTED
Noble Energy, Inc.
NBL
$4.39M 0.04%
144,861
+2,200
+2% +$66.2K
CAG icon
350
Conagra Brands
CAG
$7.23B
$4.35M 0.04%
117,971
-1,800
-2% -$66.3K
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 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.