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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
FMC icon
426
FMC
FMC
$1.33B
$3.55M 0.03%
45,929
+346
+0.8% +$25.7K
CNP icon
427
CenterPoint Energy
CNP
$26.8B
$3.54M 0.03%
127,762
+900
+0.7% +$23.6K
AJG icon
428
Arthur J. Gallagher & Co
AJG
$63.6B
$3.52M 0.03%
53,952
+500
+0.9% +$33.9K
INCY icon
429
Incyte
INCY
$24.4B
$3.49M 0.03%
52,100
+400
+0.8% +$27.4K
EWBC icon
430
East-West Bancorp
EWBC
$18B
$3.48M 0.03%
53,400
+700
+1% +$47.4K
CBOE icon
431
Cboe Global Markets
CBOE
$29.9B
$3.47M 0.03%
33,300
+100
+0.3% +$10.6K
CHRW icon
432
C.H. Robinson
CHRW
$17.5B
$3.45M 0.03%
41,229
+100
+0.2% +$8.92K
MAS icon
433
Masco
MAS
$15.3B
$3.44M 0.03%
91,904
-400
-0.4% -$15.4K
RJF icon
434
Raymond James Financial
RJF
$34B
$3.43M 0.03%
57,600
+300
+0.5% +$18.6K
COO icon
435
Cooper Companies
COO
$14.5B
$3.42M 0.03%
58,112
+400
+0.7% +$22.9K
PVH icon
436
PVH
PVH
$4.04B
$3.41M 0.03%
22,796
+100
+0.4% +$15.7K
M icon
437
Macy's
M
$6.68B
$3.4M 0.03%
90,730
+1,000
+1% +$33.5K
MAA icon
438
Mid-America Apartment Communities
MAA
$15.7B
$3.39M 0.03%
33,701
+200
+0.6% +$18.7K
CPRT icon
439
Copart
CPRT
$27.5B
$3.38M 0.03%
239,200
-55,216
-19% -$748K
DOV icon
440
Dover
DOV
$28.4B
$3.35M 0.03%
45,762
-10,520
-19% -$805K
BFH icon
441
Bread Financial
BFH
$4.38B
$3.33M 0.03%
17,922
+126
+0.7% +$21.5K
UGI icon
442
UGI
UGI
$7.33B
$3.32M 0.03%
63,800
+700
+1% +$33.9K
FTNT icon
443
Fortinet
FTNT
$117B
$3.32M 0.03%
266,000
+2,500
+0.9% +$29.6K
HSIC icon
444
Henry Schein
HSIC
$9.82B
$3.32M 0.03%
58,196
+510
+0.9% +$28.7K
STE icon
445
Steris
STE
$23.1B
$3.28M 0.03%
31,200
+300
+1% +$30.2K
IVZ icon
446
Invesco
IVZ
$13.9B
$3.23M 0.03%
121,655
+1,800
+2% +$51.8K
KSU
447
DELISTED
Kansas City Southern
KSU
$3.22M 0.03%
30,412
+100
+0.3% +$10.9K
Y
448
DELISTED
Alleghany Corp
Y
$3.22M 0.03%
5,600
– –
HOLX
449
DELISTED
Hologic
HOLX
$3.21M 0.03%
80,860
-600
-0.7% -$23.1K
CTRA
450
DELISTED
Coterra Energy
CTRA
$3.18M 0.03%
133,632
-2,000
-1% -$46.7K
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 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.