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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
ETFC
351
DELISTED
E*Trade Financial Corporation
ETFC
$4.35M 0.04%
78,458
-900
-1% -$48K
MTD icon
352
Mettler-Toledo International
MTD
$28.6B
$4.34M 0.03%
7,540
– –
O icon
353
Realty Income
O
$59.1B
$4.33M 0.03%
86,403
+1,135
+1% +$56.6K
MHK icon
354
Mohawk Industries
MHK
$9.22B
$4.33M 0.03%
18,636
+100
+0.5% +$25.8K
CTAS icon
355
Cintas
CTAS
$81.3B
$4.33M 0.03%
101,468
+400
+0.4% +$16.6K
APA icon
356
APA Corp
APA
$13.2B
$4.32M 0.03%
112,294
+600
+0.5% +$24.1K
WYNN icon
357
Wynn Resorts
WYNN
$10.6B
$4.32M 0.03%
23,670
+200
+0.9% +$34.6K
AWK icon
358
American Water Works
AWK
$26.9B
$4.31M 0.03%
52,528
+200
+0.4% +$16.3K
INCY icon
359
Incyte
INCY
$24.4B
$4.31M 0.03%
51,700
+400
+0.8% +$36.1K
URI icon
360
United Rentals
URI
$72.4B
$4.3M 0.03%
24,900
+100
+0.4% +$17.8K
GWW icon
361
W.W. Grainger
GWW
$60.2B
$4.24M 0.03%
15,007
-200
-1% -$52.4K
IQV icon
362
IQVIA
IQV
$39.3B
$4.21M 0.03%
42,900
+200
+0.5% +$20.2K
ETR icon
363
Entergy
ETR
$50B
$4.19M 0.03%
106,430
+800
+0.8% +$30.9K
TFX icon
364
Teleflex
TFX
$5.98B
$4.19M 0.03%
16,430
+200
+1% +$52.5K
ANDV
365
DELISTED
Andeavor
ANDV
$4.19M 0.03%
41,661
-400
-1% -$41.7K
BF.B icon
366
Brown-Forman Class B
BF.B
$13.1B
$4.19M 0.03%
76,992
-12,749
-14% -$604K
LAMR icon
367
Lamar Advertising Co
LAMR
$16.3B
$4.18M 0.03%
65,700
+400
+0.6% +$27.5K
XL
368
DELISTED
XL Group Ltd.
XL
$4.18M 0.03%
75,646
+600
+0.8% +$26.3K
EFX icon
369
Equifax
EFX
$21.4B
$4.16M 0.03%
35,346
+100
+0.3% +$12K
RMD icon
370
ResMed
RMD
$30.7B
$4.15M 0.03%
42,100
+500
+1% +$47.2K
SJM icon
371
J.M. Smucker
SJM
$12.8B
$4.14M 0.03%
33,400
+100
+0.3% +$12.5K
COR icon
372
Cencora
COR
$61.2B
$4.13M 0.03%
47,884
+600
+1% +$57.6K
NOV icon
373
NOV
NOV
$7B
$4.12M 0.03%
111,878
+500
+0.4% +$18.3K
HSY icon
374
Hershey
HSY
$36.6B
$4.11M 0.03%
41,482
+100
+0.2% +$10.3K
TAP icon
375
Molson Coors Class B
TAP
$8.09B
$4.1M 0.03%
54,399
+200
+0.4% +$16K
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 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.