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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
ETFC
451
DELISTED
E*Trade Financial Corporation
ETFC
$3.43M 0.03%
90,258
– –
UDR icon
452
UDR
UDR
$12.3B
$3.43M 0.03%
87,904
+100
+0.1% +$3.81K
ANSS
453
DELISTED
Ansys
ANSS
$3.42M 0.03%
28,100
-6,600
-19% -$778K
AOS icon
454
A.O. Smith
AOS
$8.56B
$3.42M 0.03%
60,700
+900
+2% +$48.6K
RGA icon
455
Reinsurance Group of America
RGA
$15.5B
$3.4M 0.03%
26,500
+400
+2% +$50.5K
RJF icon
456
Raymond James Financial
RJF
$34.4B
$3.38M 0.03%
63,150
+150
+0.2% +$7.55K
AJG icon
457
Arthur J. Gallagher & Co
AJG
$64.5B
$3.38M 0.03%
58,952
+300
+0.5% +$17K
EXPD icon
458
Expeditors International
EXPD
$23.2B
$3.34M 0.03%
59,199
– –
LKQ icon
459
LKQ Corp
LKQ
$6.19B
$3.34M 0.03%
101,352
+200
+0.2% +$6.18K
EQT icon
460
EQT Corp
EQT
$32.3B
$3.34M 0.03%
104,654
– –
JKHY icon
461
Jack Henry & Associates
JKHY
$11.2B
$3.33M 0.03%
32,050
+500
+2% +$49.9K
DVA icon
462
DaVita
DVA
$11.5B
$3.31M 0.03%
51,158
– –
MRO
463
DELISTED
Marathon Oil Corporation
MRO
$3.31M 0.03%
279,340
+1,100
+0.4% +$15.4K
TIF
464
DELISTED
Tiffany & Co.
TIF
$3.31M 0.03%
35,234
+100
+0.3% +$9.18K
FBIN icon
465
Fortune Brands Innovations
FBIN
$6.01B
$3.3M 0.02%
59,160
+351
+0.6% +$19K
CPB icon
466
Campbell Soup
CPB
$6.73B
$3.29M 0.02%
63,059
-500
-0.8% -$28.3K
WCG
467
DELISTED
Wellcare Health Plans, Inc.
WCG
$3.29M 0.02%
18,300
+300
+2% +$49.7K
HWM icon
468
Howmet Aerospace
HWM
$116B
$3.28M 0.02%
188,864
+131
+0.1% +$2.67K
XYL icon
469
Xylem
XYL
$28.2B
$3.27M 0.02%
59,072
+100
+0.2% +$5.21K
WAB icon
470
Wabtec
WAB
$49.9B
$3.26M 0.02%
35,600
+600
+2% +$50K
EXR icon
471
Extra Space Storage
EXR
$31.6B
$3.23M 0.02%
41,348
– –
FMC icon
472
FMC
FMC
$1.32B
$3.22M 0.02%
50,771
+115
+0.2% +$7.4K
GWW icon
473
W.W. Grainger
GWW
$60.4B
$3.2M 0.02%
17,707
-100
-0.6% -$18.9K
IPG
474
DELISTED
Interpublic Group of Companies
IPG
$3.19M 0.02%
129,829
+800
+0.6% +$19.6K
AMD icon
475
Advanced Micro Devices
AMD
$798B
$3.18M 0.02%
254,700
+1,300
+0.5% +$15.9K
17 18
19
20 21

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.