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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
MKC icon
426
McCormick & Company Non-Voting
MKC
$14B
$3.62M 0.03%
74,336
-400
-0.5% -$20.2K
SNPS icon
427
Synopsys
SNPS
$77.8B
$3.6M 0.03%
49,400
– –
ARE icon
428
Alexandria Real Estate Equities
ARE
$8.58B
$3.6M 0.03%
29,900
+700
+2% +$81.5K
ATO icon
429
Atmos Energy
ATO
$28.6B
$3.6M 0.03%
43,400
+700
+2% +$57.4K
CBRE icon
430
CBRE Group
CBRE
$42.6B
$3.6M 0.03%
98,832
+100
+0.1% +$3.48K
UHS icon
431
Universal Health Services
UHS
$10.3B
$3.58M 0.03%
29,352
– –
CTAS icon
432
Cintas
CTAS
$80.5B
$3.58M 0.03%
113,468
+400
+0.4% +$12.4K
STLD icon
433
Steel Dynamics
STLD
$37.8B
$3.57M 0.03%
99,700
+1,200
+1% +$41.6K
NTAP icon
434
NetApp
NTAP
$37.2B
$3.57M 0.03%
89,091
+100
+0.1% +$3.99K
CINF icon
435
Cincinnati Financial
CINF
$27.3B
$3.57M 0.03%
49,221
– –
IEX icon
436
IDEX
IEX
$17.3B
$3.56M 0.03%
31,500
+500
+2% +$52.6K
LEN icon
437
Lennar Class A
LEN
$20.4B
$3.56M 0.03%
70,133
– –
PRGO icon
438
Perrigo
PRGO
$1.72B
$3.56M 0.03%
47,122
– –
SLG icon
439
SL Green Realty
SLG
$3.87B
$3.54M 0.03%
34,614
+516
+2% +$52.6K
NVR icon
440
NVR
NVR
$16.9B
$3.53M 0.03%
1,464
+100
+7% +$225K
HII icon
441
Huntington Ingalls Industries
HII
$12.7B
$3.52M 0.03%
18,934
+200
+1% +$39.1K
WYNN icon
442
Wynn Resorts
WYNN
$10.6B
$3.52M 0.03%
26,270
+200
+0.8% +$25.2K
INGR icon
443
Ingredion
INGR
$6.58B
$3.52M 0.03%
29,500
+300
+1% +$35.6K
IFF icon
444
International Flavors & Fragrances
IFF
$21.6B
$3.5M 0.03%
25,942
– –
JNPR
445
DELISTED
Juniper Networks
JNPR
$3.5M 0.03%
125,596
+100
+0.1% +$2.91K
UNM icon
446
Unum
UNM
$14.3B
$3.5M 0.03%
74,969
-300
-0.4% -$13.8K
EWBC icon
447
East-West Bancorp
EWBC
$18.1B
$3.49M 0.03%
59,600
+1,000
+2% +$55K
UGI icon
448
UGI
UGI
$7.44B
$3.46M 0.03%
71,400
+1,100
+2% +$54.7K
TNL icon
449
Travel + Leisure Co
TNL
$4.79B
$3.45M 0.03%
76,056
-222
-0.3% -$9.63K
EG icon
450
Everest Group
EG
$14.2B
$3.44M 0.03%
13,500
-3,120
-19% -$770K
16 17
18
19 20

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.