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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
CMG icon
401
Chipotle Mexican Grill
CMG
$42.7B
$3.93M 0.03%
472,000
– –
HES
402
DELISTED
Hess
HES
$3.9M 0.03%
88,805
+400
+0.5% +$18.7K
VIAB
403
DELISTED
Viacom Inc. Class B
VIAB
$3.89M 0.03%
115,804
+1,700
+1% +$64.7K
APEI icon
404
American Public Education
APEI
$936M
$3.89M 0.03%
164,320
– –
DHI icon
405
D.R. Horton
DHI
$40.8B
$3.88M 0.03%
112,360
+700
+0.6% +$23.4K
CNP icon
406
CenterPoint Energy
CNP
$26.8B
$3.88M 0.03%
141,662
+200
+0.1% +$5.61K
CDNS icon
407
Cadence Design Systems
CDNS
$93.1B
$3.86M 0.03%
115,210
+1,900
+2% +$63.2K
TFX icon
408
Teleflex
TFX
$6.12B
$3.85M 0.03%
18,530
+300
+2% +$60.1K
ALB icon
409
Albemarle
ALB
$14.9B
$3.85M 0.03%
36,440
-500
-1% -$54.4K
MSCI icon
410
MSCI
MSCI
$41.1B
$3.84M 0.03%
37,300
+500
+1% +$50.3K
KMX icon
411
CarMax
KMX
$8.32B
$3.84M 0.03%
60,905
-600
-1% -$36.2K
CTRA
412
DELISTED
Coterra Energy
CTRA
$3.84M 0.03%
153,032
-3,000
-2% -$70.8K
COO icon
413
Cooper Companies
COO
$14.4B
$3.84M 0.03%
64,112
– –
Y
414
DELISTED
Alleghany Corp
Y
$3.81M 0.03%
6,400
+100
+2% +$59.5K
SIVB
415
DELISTED
SVB Financial Group
SIVB
$3.8M 0.03%
21,600
+300
+1% +$53.7K
STX icon
416
Seagate
STX
$195B
$3.78M 0.03%
97,640
+700
+0.7% +$30.5K
XL
417
DELISTED
XL Group Ltd.
XL
$3.76M 0.03%
85,946
-1,100
-1% -$46.4K
ALGN icon
418
Align Technology
ALGN
$12.3B
$3.72M 0.03%
24,800
-5,900
-19% -$800K
TRMB icon
419
Trimble
TRMB
$13.6B
$3.72M 0.03%
104,200
+1,700
+2% +$59K
CDK
420
DELISTED
CDK Global, Inc.
CDK
$3.72M 0.03%
59,900
+1,000
+2% +$62.7K
DRI icon
421
Darden Restaurants
DRI
$24B
$3.69M 0.03%
40,853
+100
+0.2% +$8.74K
IT icon
422
Gartner
IT
$11.6B
$3.67M 0.03%
29,699
-3,901
-12% -$453K
PNR icon
423
Pentair
PNR
$11.1B
$3.67M 0.03%
82,047
+298
+0.4% +$13K
KSU
424
DELISTED
Kansas City Southern
KSU
$3.65M 0.03%
34,912
-100
-0.3% -$9.38K
ALK icon
425
Alaska Air
ALK
$5.69B
$3.64M 0.03%
40,596
– –
15 16
17
18 19

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.