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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
ARI
26
Apollo Commercial Real Estate
ARI
$885M
$93.2M 0.75%
5,184,968
+1,470,000
+40% +$26.9M
XOM icon
27
ExxonMobil
XOM
$634B
$93.1M 0.75%
1,247,532
+5,400
+0.4% +$432K
GOOG icon
28
Alphabet (Google) Class C
GOOG
$4.32T
$92.5M 0.74%
1,792,340
+22,000
+1% +$1.21M
TMO icon
29
Thermo Fisher Scientific
TMO
$220B
$91.6M 0.74%
443,631
+106,800
+32% +$22.4M
PG icon
30
Procter & Gamble
PG
$339B
$88.3M 0.71%
1,113,203
-1,094,700
-50% -$91.3M
BAC icon
31
Bank of America
BAC
$442B
$84.5M 0.68%
2,816,635
-26,900
-0.9% -$845K
PFE icon
32
Pfizer
PFE
$153B
$83.9M 0.68%
2,490,524
+5,481
+0.2% +$188K
USB icon
33
US Bancorp
USB
$99.6B
$77.3M 0.62%
1,531,142
+400,400
+35% +$21.9M
T icon
34
AT&T
T
$163B
$76.2M 0.61%
2,828,937
+10,328
+0.4% +$287K
IBM icon
35
IBM
IBM
$224B
$70.7M 0.57%
481,879
-209
-0% -$31.6K
BA icon
36
Boeing
BA
$185B
$70.6M 0.57%
215,450
-1,300
-0.6% -$439K
SHW icon
37
Sherwin-Williams
SHW
$89.8B
$70.3M 0.57%
538,173
+900
+0.2% +$123K
MCHP icon
38
Microchip Technology
MCHP
$46B
$67.4M 0.54%
1,475,944
+192,800
+15% +$8.88M
DIS icon
39
Walt Disney
DIS
$181B
$66.6M 0.54%
662,653
-100
-0% -$10.6K
BKNG icon
40
Booking.com
BKNG
$161B
$65.2M 0.52%
783,125
– –
IJH icon
41
iShares Core S&P Mid-Cap ETF
IJH
$127B
$64.8M 0.52%
1,726,500
+32,000
+2% +$1.22M
CVX icon
42
Chevron
CVX
$366B
$64.1M 0.52%
562,368
+5,600
+1% +$669K
ABBV icon
43
AbbVie
ABBV
$435B
$63.6M 0.51%
672,103
+2,000
+0.3% +$220K
XLF icon
44
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$62.5M 0.5%
2,267,600
– –
MON
45
DELISTED
Monsanto Co
MON
$61.8M 0.5%
529,763
+1,000
+0.2% +$120K
PM icon
46
Philip Morris
PM
$295B
$61.8M 0.5%
621,765
+2,000
+0.3% +$208K
UNH icon
47
UnitedHealth
UNH
$370B
$61M 0.49%
284,913
+800
+0.3% +$183K
CMCSA icon
48
Comcast
CMCSA
$90B
$60.9M 0.49%
1,783,422
-8,700
-0.5% -$337K
CSCO icon
49
Cisco
CSCO
$479B
$60.8M 0.49%
1,418,291
-30,900
-2% -$1.31M
FTAI icon
50
FTAI Aviation
FTAI
$22.2B
$60.2M 0.48%
4,422,777
– –
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
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.