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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
BWA icon
476
BorgWarner
BWA
$14B
$2.93M 0.02%
66,224
+227
+0.3% +$10.5K
CDK
477
DELISTED
CDK Global, Inc.
CDK
$2.92M 0.02%
46,100
-1,100
-2% -$77K
VRSN icon
478
VeriSign
VRSN
$26.6B
$2.91M 0.02%
24,557
-300
-1% -$34.7K
JLL icon
479
Jones Lang LaSalle
JLL
$16.6B
$2.9M 0.02%
16,600
+300
+2% +$48.2K
STE icon
480
Steris
STE
$23.1B
$2.88M 0.02%
30,900
+300
+1% +$27.3K
HWM icon
481
Howmet Aerospace
HWM
$113B
$2.88M 0.02%
163,044
+1,173
+0.7% +$23.9K
CPT icon
482
Camden Property Trust
CPT
$11B
$2.85M 0.02%
33,800
+500
+2% +$41.8K
FDS icon
483
Factset
FDS
$10.2B
$2.83M 0.02%
14,200
+100
+0.7% +$20.2K
DVA icon
484
DaVita
DVA
$11.6B
$2.83M 0.02%
42,858
-1,500
-3% -$110K
GGG icon
485
Graco
GGG
$13.4B
$2.83M 0.02%
61,800
+1,200
+2% +$54.8K
FTNT icon
486
Fortinet
FTNT
$121B
$2.82M 0.02%
263,500
-5,500
-2% -$53.6K
AFG icon
487
American Financial Group
AFG
$12.1B
$2.82M 0.02%
25,090
+400
+2% +$44.7K
UDR icon
488
UDR
UDR
$12.1B
$2.81M 0.02%
78,904
+500
+0.6% +$17.6K
UGI icon
489
UGI
UGI
$7.28B
$2.8M 0.02%
63,100
+900
+1% +$40.4K
HAS icon
490
Hasbro
HAS
$13.2B
$2.8M 0.02%
33,239
– –
LII icon
491
Lennox International
LII
$14.9B
$2.8M 0.02%
13,700
+200
+1% +$41.6K
OA
492
DELISTED
Orbital ATK, Inc.
OA
$2.8M 0.02%
21,100
+400
+2% +$52.8K
LNT icon
493
Alliant Energy
LNT
$17.8B
$2.79M 0.02%
68,156
+400
+0.6% +$15.8K
DRE
494
DELISTED
Duke Realty Corp.
DRE
$2.78M 0.02%
105,100
+700
+0.7% +$18K
SBNY
495
DELISTED
Signature Bank
SBNY
$2.78M 0.02%
19,600
+300
+2% +$45.2K
CPRI icon
496
Capri Holdings
CPRI
$1.73B
$2.78M 0.02%
44,748
+200
+0.4% +$12.7K
MSCC
497
DELISTED
Microsemi Corp
MSCC
$2.78M 0.02%
42,900
+600
+1% +$37.1K
BBWI icon
498
Bath & Body Works
BBWI
$3.95B
$2.76M 0.02%
89,490
– –
AVY icon
499
Avery Dennison
AVY
$13.3B
$2.75M 0.02%
25,926
– –
HRL icon
500
Hormel Foods
HRL
$13.7B
$2.73M 0.02%
79,520
+600
+0.8% +$20.3K
18 19
20
21 22

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.