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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
BALL icon
376
Ball Corp
BALL
$16.8B
$4.09M 0.03%
103,052
+400
+0.4% +$15.6K
XYL icon
377
Xylem
XYL
$28.1B
$4.08M 0.03%
52,972
+300
+0.6% +$22.2K
AEE icon
378
Ameren
AEE
$30.1B
$4.04M 0.03%
71,422
+300
+0.4% +$16.6K
MRO
379
DELISTED
Marathon Oil Corporation
MRO
$4.04M 0.03%
250,140
+1,100
+0.4% +$18.3K
HST icon
380
Host Hotels & Resorts
HST
$16B
$4.03M 0.03%
216,100
-800
-0.4% -$15.6K
HES
381
DELISTED
Hess
HES
$3.99M 0.03%
78,805
-400
-0.5% -$19.6K
IEX icon
382
IDEX
IEX
$17.3B
$3.98M 0.03%
27,900
+400
+1% +$55.8K
EXPE icon
383
Expedia Group
EXPE
$37.3B
$3.97M 0.03%
35,984
-100
-0.3% -$11.6K
L icon
384
Loews
L
$23.6B
$3.95M 0.03%
79,385
-1,500
-2% -$75.8K
GPC icon
385
Genuine Parts
GPC
$18.7B
$3.88M 0.03%
43,232
+300
+0.7% +$29K
ANSS
386
DELISTED
Ansys
ANSS
$3.87M 0.03%
24,700
-200
-0.8% -$32K
CHRW icon
387
C.H. Robinson
CHRW
$17.5B
$3.85M 0.03%
41,129
+300
+0.7% +$27.6K
MLM icon
388
Martin Marietta Materials
MLM
$33B
$3.84M 0.03%
18,512
+100
+0.5% +$21.7K
IVZ icon
389
Invesco
IVZ
$13.9B
$3.84M 0.03%
119,855
+500
+0.4% +$17.2K
GGP
390
DELISTED
GGP Inc.
GGP
$3.8M 0.03%
185,912
+2,900
+2% +$64.2K
STLD icon
391
Steel Dynamics
STLD
$37.6B
$3.8M 0.03%
86,000
+800
+0.9% +$36.8K
MKC icon
392
McCormick & Company Non-Voting
MKC
$14.2B
$3.79M 0.03%
71,336
+1,200
+2% +$63.1K
CBOE icon
393
Cboe Global Markets
CBOE
$29.9B
$3.79M 0.03%
33,200
-100
-0.3% -$12.2K
FTI icon
394
TechnipFMC
FTI
$27.3B
$3.78M 0.03%
172,696
– –
CMS icon
395
CMS Energy
CMS
$22.3B
$3.77M 0.03%
83,135
+500
+0.6% +$21.9K
CPRT icon
396
Copart
CPRT
$27.5B
$3.75M 0.03%
294,416
+5,200
+2% +$60.2K
SIVB
397
DELISTED
SVB Financial Group
SIVB
$3.74M 0.03%
15,600
-3,400
-18% -$853K
MAS icon
398
Masco
MAS
$15.3B
$3.73M 0.03%
92,304
+100
+0.1% +$4.29K
ARE icon
399
Alexandria Real Estate Equities
ARE
$8.56B
$3.72M 0.03%
29,800
+1,700
+6% +$211K
DPZ icon
400
Domino's
DPZ
$11.6B
$3.71M 0.03%
15,900
+200
+1% +$43.5K
14 15
16
17 18

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.