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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
INGR icon
426
Ingredion
INGR
$6.58B
$3.39M 0.03%
26,300
+500
+2% +$66.9K
LDOS icon
427
Leidos
LDOS
$17.3B
$3.39M 0.03%
51,848
+700
+1% +$46.2K
KSU
428
DELISTED
Kansas City Southern
KSU
$3.33M 0.03%
30,312
– –
PNR icon
429
Pentair
PNR
$11B
$3.33M 0.03%
72,666
+595
+0.8% +$28.3K
BEN icon
430
Franklin Resources
BEN
$17.2B
$3.32M 0.03%
95,860
+100
+0.1% +$4.07K
PTC icon
431
PTC
PTC
$16B
$3.3M 0.03%
42,339
+800
+2% +$58.4K
COO icon
432
Cooper Companies
COO
$14.5B
$3.3M 0.03%
57,712
+400
+0.7% +$23.3K
EWBC icon
433
East-West Bancorp
EWBC
$18B
$3.3M 0.03%
52,700
+700
+1% +$45.9K
KMX icon
434
CarMax
KMX
$8.26B
$3.3M 0.03%
53,205
-200
-0.4% -$13.1K
TTWO icon
435
Take-Two Interactive
TTWO
$46.1B
$3.29M 0.03%
33,700
-7,300
-18% -$818K
VAR
436
DELISTED
Varian Medical Systems, Inc.
VAR
$3.29M 0.03%
26,854
– –
EXPD icon
437
Expeditors International
EXPD
$23.2B
$3.29M 0.03%
51,999
-100
-0.2% -$6.43K
CGNX icon
438
Cognex
CGNX
$11.3B
$3.29M 0.03%
63,300
+1,100
+2% +$65K
CC icon
439
Chemours
CC
$2.37B
$3.29M 0.03%
67,500
+900
+1% +$45K
CINF icon
440
Cincinnati Financial
CINF
$27.1B
$3.26M 0.03%
43,921
+200
+0.5% +$15K
TER icon
441
Teradyne
TER
$59.3B
$3.25M 0.03%
71,200
+700
+1% +$32K
CTRA
442
DELISTED
Coterra Energy
CTRA
$3.25M 0.03%
135,632
+100
+0.1% +$2.57K
ROKU icon
443
Roku
ROKU
$22.7B
$3.25M 0.03%
+104,421
New +$4.3M
TRMB icon
444
Trimble
TRMB
$13.9B
$3.25M 0.03%
90,500
– –
EXR icon
445
Extra Space Storage
EXR
$31.6B
$3.25M 0.03%
37,148
+200
+0.5% +$16.8K
KSS icon
446
Kohl's
KSS
$2.19B
$3.24M 0.03%
49,510
+100
+0.2% +$6.35K
VIAB
447
DELISTED
Viacom Inc. Class B
VIAB
$3.23M 0.03%
103,904
+500
+0.5% +$16.2K
NCLH icon
448
Norwegian Cruise Line
NCLH
$8.84B
$3.21M 0.03%
60,700
+8,500
+16% +$483K
DOC icon
449
Healthpeak Properties
DOC
$14.8B
$3.21M 0.03%
138,167
+700
+0.5% +$16.3K
PRGO icon
450
Perrigo
PRGO
$1.78B
$3.21M 0.03%
38,522
+100
+0.3% +$8.73K
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 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.