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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
+3.9%
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
$12.7B
AUM Growth
+$242M
Cap. Flow
-$121M
Cap. Flow %
-0.96%
Top 10 Hldgs %
23.86%
Holding
959
New
19
Increased
657
Reduced
198
Closed
23

Top Buys

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$83.8M
2
EXC icon
Exelon
EXC
+$70.1M
3
ORCL icon
Oracle
ORCL
+$29.3M
4
AVY icon
Avery Dennison
AVY
+$28.1M
5
NLSN
Nielsen Holdings plc
NLSN
+$27.4M

Top Sells

Rank Stock Value
1
AFL icon
Aflac
AFL
+$146M
2
MON
Monsanto Co
MON
+$61.8M
3
XYZ
Block Inc
XYZ
+$58.9M
4
VLO icon
Valero Energy
VLO
+$41.2M
5
TWX
Time Warner Inc
TWX
+$39.4M

Sector Composition

Rank Sector Weight
1 Financials 16.69%
2 Technology 15.7%
3 Healthcare 15.25%
4 Consumer Discretionary 9.01%
5 Communication Services 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GGP
401
DELISTED
GGP Inc.
GGP
$3.83M 0.03%
187,312
+1,400
+0.8% +$28.4K
BF.B icon
402
Brown-Forman Class B
BF.B
$13.1B
$3.8M 0.03%
77,592
+600
+0.8% +$32.8K
GEN icon
403
Gen Digital
GEN
$17.5B
$3.8M 0.03%
184,029
+1,500
+0.8% +$36K
VNO icon
404
Vornado Realty Trust
VNO
$7.38B
$3.79M 0.03%
51,250
+400
+0.8% +$27.7K
EXPD icon
405
Expeditors International
EXPD
$23.2B
$3.78M 0.03%
51,699
-300
-0.6% -$21K
SNPS icon
406
Synopsys
SNPS
$79.7B
$3.77M 0.03%
44,100
+300
+0.7% +$26.1K
NVR icon
407
NVR
NVR
$17B
$3.75M 0.03%
1,264
– –
L icon
408
Loews
L
$23.6B
$3.74M 0.03%
77,485
-1,900
-2% -$95.6K
ODFL icon
409
Old Dominion Freight Line
ODFL
$44.9B
$3.74M 0.03%
75,300
+600
+0.8% +$29.8K
TAP icon
410
Molson Coors Class B
TAP
$8.09B
$3.73M 0.03%
54,799
+400
+0.7% +$26.6K
EXR icon
411
Extra Space Storage
EXR
$31.6B
$3.73M 0.03%
37,348
+200
+0.5% +$18.6K
JKHY icon
412
Jack Henry & Associates
JKHY
$11.1B
$3.71M 0.03%
28,450
+300
+1% +$37.2K
NWL icon
413
Newell Brands
NWL
$2.56B
$3.71M 0.03%
143,771
+900
+0.6% +$23.4K
AKAM icon
414
Akamai
AKAM
$15.9B
$3.7M 0.03%
50,523
+500
+1% +$37.5K
LW icon
415
Lamb Weston
LW
$7.19B
$3.69M 0.03%
53,900
+600
+1% +$39.2K
ATO icon
416
Atmos Energy
ATO
$28.8B
$3.69M 0.03%
40,900
+500
+1% +$43.3K
BALL icon
417
Ball Corp
BALL
$16.8B
$3.67M 0.03%
103,352
+300
+0.3% +$11.5K
URI icon
418
United Rentals
URI
$72.4B
$3.66M 0.03%
24,800
-100
-0.4% -$16.3K
KSS icon
419
Kohl's
KSS
$2.19B
$3.63M 0.03%
49,810
+300
+0.6% +$20K
CDNS icon
420
Cadence Design Systems
CDNS
$93.4B
$3.62M 0.03%
83,500
+200
+0.2% +$8.22K
SJM icon
421
J.M. Smucker
SJM
$12.8B
$3.61M 0.03%
33,600
+200
+0.6% +$22.5K
DOC icon
422
Healthpeak Properties
DOC
$14.8B
$3.59M 0.03%
139,067
+900
+0.7% +$21.2K
XYL icon
423
Xylem
XYL
$28.1B
$3.59M 0.03%
53,272
+300
+0.6% +$21.8K
IT icon
424
Gartner
IT
$11.7B
$3.59M 0.03%
26,999
+300
+1% +$38.4K
DINO icon
425
HF Sinclair
DINO
$14.5B
$3.58M 0.03%
52,300
-12,390
-19% -$825K
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 2018 Portfolio in Review

As of Q2 2018, State of Michigan Retirement System held 959 positions worth $12.7B, up 1.9% from $12.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q2 2018: portfolio turnover was 4.4%. State of Michigan Retirement System opened 19 new positions and exited 23, leaving the 959-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2018 buy was Rithm Capital: 670,000 shares worth $11.7M.
  • State of Michigan Retirement System added most to AGNC Investment in Q2 2018, an estimated $83.8M increase.
  • State of Michigan Retirement System's biggest Q2 2018 reduction was Aflac, cutting an estimated $146M.
  • State of Michigan Retirement System fully exited Monsanto Co in Q2 2018, selling an estimated $61.8M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $12.7B portfolio in Q2 2018.
  • State of Michigan Retirement System opened 19 new positions and closed 23 in Q2 2018.
  • State of Michigan Retirement System's portfolio value rose 1.9% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q2 2018, filed 8 Aug 2018.