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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
AJG icon
401
Arthur J. Gallagher & Co
AJG
$63.6B
$3.67M 0.03%
53,452
+500
+0.9% +$33.7K
ODFL icon
402
Old Dominion Freight Line
ODFL
$44.9B
$3.66M 0.03%
74,700
+900
+1% +$42.6K
SNPS icon
403
Synopsys
SNPS
$79.7B
$3.65M 0.03%
43,800
-200
-0.5% -$17.6K
NWL icon
404
Newell Brands
NWL
$2.56B
$3.64M 0.03%
142,871
-800
-0.6% -$22.6K
KEYS icon
405
Keysight
KEYS
$58.3B
$3.63M 0.03%
69,300
+2,700
+4% +$129K
RGA icon
406
Reinsurance Group of America
RGA
$16.1B
$3.62M 0.03%
23,500
+400
+2% +$62.9K
CHD icon
407
Church & Dwight Co
CHD
$24.5B
$3.62M 0.03%
71,824
-1,400
-2% -$68.9K
SEIC icon
408
SEI Investments
SEIC
$12.6B
$3.57M 0.03%
47,600
+600
+1% +$44.7K
MVIS icon
409
Microvision
MVIS
$78.9M
$3.55M 0.03%
209,613
– –
AKAM icon
410
Akamai
AKAM
$15.9B
$3.55M 0.03%
50,023
+400
+0.8% +$27.2K
NVR icon
411
NVR
NVR
$17B
$3.54M 0.03%
1,264
– –
CTXS
412
DELISTED
Citrix Systems Inc
CTXS
$3.53M 0.03%
38,074
-3,900
-9% -$359K
ULTA icon
413
Ulta Beauty
ULTA
$24.3B
$3.49M 0.03%
17,084
– –
CNP icon
414
CenterPoint Energy
CNP
$26.8B
$3.48M 0.03%
126,862
+500
+0.4% +$13.6K
LKQ icon
415
LKQ Corp
LKQ
$6.29B
$3.46M 0.03%
91,152
+600
+0.7% +$24.4K
BKR icon
416
Baker Hughes
BKR
$61.1B
$3.46M 0.03%
124,401
-1,100
-0.9% -$33.6K
HII icon
417
Huntington Ingalls Industries
HII
$12.8B
$3.45M 0.03%
13,400
-2,934
-18% -$728K
Y
418
DELISTED
Alleghany Corp
Y
$3.44M 0.03%
5,600
+100
+2% +$60.3K
PVH icon
419
PVH
PVH
$4.04B
$3.44M 0.03%
22,696
– –
EQT icon
420
EQT Corp
EQT
$32.3B
$3.42M 0.03%
132,393
+552
+0.4% +$15.8K
VNO icon
421
Vornado Realty Trust
VNO
$7.38B
$3.42M 0.03%
50,850
+300
+0.6% +$20.8K
RJF icon
422
Raymond James Financial
RJF
$34B
$3.42M 0.03%
57,300
+750
+1% +$46.7K
JKHY icon
423
Jack Henry & Associates
JKHY
$11.1B
$3.4M 0.03%
28,150
+400
+1% +$48.7K
XRAY icon
424
Dentsply Sirona
XRAY
$2.43B
$3.4M 0.03%
67,666
+300
+0.4% +$17.7K
ATO icon
425
Atmos Energy
ATO
$28.8B
$3.4M 0.03%
40,400
+600
+2% +$48.9K
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 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.