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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
SHW icon
26
Sherwin-Williams
SHW
$86B
$98.8M 0.75%
844,773
+194,700
+30% +$21.8M
ZTS icon
27
Zoetis
ZTS
$32.3B
$97.4M 0.74%
1,561,292
+169,700
+12% +$10M
CMCSA icon
28
Comcast
CMCSA
$87.2B
$92.2M 0.7%
2,369,222
+900
+0% +$35.5K
GE icon
29
GE Aerospace
GE
$383B
$92.2M 0.7%
712,176
-793
-0.1% -$109K
PM icon
30
Philip Morris
PM
$292B
$91.3M 0.69%
777,365
+900
+0.1% +$104K
GOOG icon
31
Alphabet (Google) Class C
GOOG
$4.56T
$89.1M 0.67%
1,960,340
+20,000
+1% +$916K
BAC icon
32
Bank of America
BAC
$438B
$79.3M 0.6%
3,270,635
-22,300
-0.7% -$520K
ORCL icon
33
Oracle
ORCL
$409B
$78.3M 0.59%
1,560,960
+2,700
+0.2% +$123K
CELG
34
DELISTED
Celgene Corp
CELG
$75.8M 0.57%
583,652
+48,100
+9% +$5.89M
AXP icon
35
American Express
AXP
$233B
$75.4M 0.57%
895,001
-65,495
-7% -$5.18M
INTC icon
36
Intel
INTC
$459B
$74.9M 0.57%
2,220,811
-5,400
-0.2% -$193K
MRK icon
37
Merck
MRK
$316B
$71.9M 0.54%
1,176,327
-3,039
-0.3% -$185K
ABBV icon
38
AbbVie
ABBV
$433B
$68.2M 0.52%
940,703
-500
-0.1% -$33.6K
HON icon
39
Honeywell
HON
$78.2B
$68.2M 0.51%
566,049
-317,570
-36% -$37.5M
CVX icon
40
Chevron
CVX
$385B
$65M 0.49%
622,668
+800
+0.1% +$84.8K
WMT icon
41
Walmart Inc
WMT
$881B
$64.6M 0.49%
2,562,102
-27,600
-1% -$701K
UPS icon
42
United Parcel Service
UPS
$90.8B
$62.3M 0.47%
563,386
– –
IJH icon
43
iShares Core S&P Mid-Cap ETF
IJH
$124B
$62.1M 0.47%
1,785,000
+207,500
+13% +$7.16M
USB icon
44
US Bancorp
USB
$99.6B
$61.7M 0.47%
1,189,242
-2,400
-0.2% -$124K
TMO icon
45
Thermo Fisher Scientific
TMO
$213B
$60.7M 0.46%
347,831
+300
+0.1% +$50.4K
C icon
46
Citigroup
C
$224B
$60.5M 0.46%
904,856
-5,200
-0.6% -$319K
FTAI icon
47
FTAI Aviation
FTAI
$23.1B
$60.2M 0.45%
4,422,777
– –
RTX icon
48
RTX Corp
RTX
$292B
$60.2M 0.45%
782,746
-2,066
-0.3% -$155K
UNH icon
49
UnitedHealth
UNH
$377B
$58.7M 0.44%
316,713
+800
+0.3% +$140K
KO icon
50
Coca-Cola
KO
$374B
$56.7M 0.43%
1,263,738
-5,500
-0.4% -$243K
1
2
3 4 5

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
SAM
SEB Asset Management Stockholm $23.4B AUM

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.