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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
BFH icon
351
Bread Financial
BFH
$4.44B
$4.7M 0.04%
22,934
-125
-0.5% -$24.8K
DISH
352
DELISTED
DISH Network Corp.
DISH
$4.69M 0.04%
74,800
+300
+0.4% +$18.9K
IDXX icon
353
Idexx Laboratories
IDXX
$46.5B
$4.68M 0.04%
29,000
+100
+0.3% +$16.2K
WRK
354
DELISTED
WestRock Company
WRK
$4.67M 0.04%
82,502
+300
+0.4% +$16.3K
MSI icon
355
Motorola Solutions
MSI
$78.7B
$4.66M 0.04%
53,723
-400
-0.7% -$33.9K
WHR icon
356
Whirlpool
WHR
$2.8B
$4.65M 0.04%
24,289
-200
-0.8% -$36.6K
ANDV
357
DELISTED
Andeavor
ANDV
$4.65M 0.04%
49,661
+11,250
+29% +$949K
BR icon
358
Broadridge
BR
$18.8B
$4.64M 0.04%
61,472
+400
+0.7% +$28.9K
INFO
359
DELISTED
IHS Markit Ltd. Common Shares
INFO
$4.59M 0.03%
+104,300
New +$4.65M
MLM icon
360
Martin Marietta Materials
MLM
$32.3B
$4.59M 0.03%
20,612
-100
-0.5% -$22.6K
AME icon
361
Ametek
AME
$57.6B
$4.58M 0.03%
75,584
+200
+0.3% +$11.8K
AWK icon
362
American Water Works
AWK
$26.8B
$4.56M 0.03%
58,528
– –
RMD icon
363
ResMed
RMD
$32.4B
$4.55M 0.03%
58,500
+900
+2% +$64.4K
SJM icon
364
J.M. Smucker
SJM
$12.7B
$4.53M 0.03%
38,300
+100
+0.3% +$12.6K
ETR icon
365
Entergy
ETR
$49.7B
$4.53M 0.03%
118,030
+200
+0.2% +$7.74K
CNC icon
366
Centene
CNC
$31.7B
$4.52M 0.03%
113,248
+200
+0.2% +$7.55K
GGP
367
DELISTED
GGP Inc.
GGP
$4.51M 0.03%
191,412
-400
-0.2% -$9.21K
GPC icon
368
Genuine Parts
GPC
$18.3B
$4.49M 0.03%
48,432
-300
-0.6% -$27.6K
TFCF
369
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$4.46M 0.03%
160,056
+100
+0.1% +$2.84K
HST icon
370
Host Hotels & Resorts
HST
$16B
$4.44M 0.03%
243,100
+300
+0.1% +$5.5K
WFM
371
DELISTED
Whole Foods Market Inc
WFM
$4.42M 0.03%
104,998
+400
+0.4% +$14.6K
LHX icon
372
L3Harris
LHX
$53.9B
$4.37M 0.03%
40,057
-800
-2% -$88.1K
AEE icon
373
Ameren
AEE
$30B
$4.36M 0.03%
79,722
– –
TDG icon
374
TransDigm Group
TDG
$69.8B
$4.33M 0.03%
16,104
-200
-1% -$50.8K
PKG icon
375
Packaging Corp of America
PKG
$22.5B
$4.32M 0.03%
38,800
+500
+1% +$50.3K
13 14
15
16 17

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.