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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
FRT icon
501
Federal Realty Investment Trust
FRT
$10.2B
$3M 0.02%
23,716
– –
KEYS icon
502
Keysight
KEYS
$57.6B
$2.96M 0.02%
76,100
+6,400
+9% +$242K
SEIC icon
503
SEI Investments
SEIC
$12.6B
$2.96M 0.02%
55,000
+700
+1% +$36.1K
WU icon
504
Western Union
WU
$2.23B
$2.95M 0.02%
154,926
-3,000
-2% -$58.1K
AYI icon
505
Acuity Brands
AYI
$10.7B
$2.95M 0.02%
14,500
– –
XEC
506
DELISTED
CIMAREX ENERGY CO
XEC
$2.94M 0.02%
31,280
– –
PVH icon
507
PVH
PVH
$3.99B
$2.93M 0.02%
25,596
-400
-2% -$41.5K
ZION icon
508
Zions Bancorporation
ZION
$10.3B
$2.92M 0.02%
66,606
+100
+0.2% +$4.12K
COTY icon
509
Coty
COTY
$2.39B
$2.9M 0.02%
154,789
+200
+0.1% +$3.71K
LII icon
510
Lennox International
LII
$15.1B
$2.9M 0.02%
15,800
+100
+0.6% +$17.4K
GT icon
511
Goodyear
GT
$1.94B
$2.89M 0.02%
82,716
+100
+0.1% +$3.44K
CC icon
512
Chemours
CC
$2.27B
$2.88M 0.02%
76,000
+1,600
+2% +$63.1K
SEE
513
DELISTED
Sealed Air
SEE
$2.88M 0.02%
64,348
+800
+1% +$35.3K
ARW icon
514
Arrow Electronics
ARW
$11.4B
$2.88M 0.02%
36,662
+500
+1% +$37.4K
OGE icon
515
OGE Energy
OGE
$9.67B
$2.86M 0.02%
82,320
+1,200
+1% +$42K
WST icon
516
West Pharmaceutical
WST
$24.5B
$2.86M 0.02%
30,300
+500
+2% +$46K
STE icon
517
Steris
STE
$22.6B
$2.85M 0.02%
35,000
+500
+1% +$38K
AKAM icon
518
Akamai
AKAM
$17.2B
$2.83M 0.02%
56,823
-100
-0.2% -$5.28K
AAP icon
519
Advance Auto Parts
AAP
$3.49B
$2.83M 0.02%
24,268
– –
BF.B icon
520
Brown-Forman Class B
BF.B
$13B
$2.83M 0.02%
90,834
– –
JEF icon
521
Jefferies Financial Group
JEF
$13B
$2.79M 0.02%
118,914
+112
+0.1% +$2.55K
BWA icon
522
BorgWarner
BWA
$13.5B
$2.78M 0.02%
74,517
-114
-0.2% -$4.13K
IRM icon
523
Iron Mountain
IRM
$36.3B
$2.77M 0.02%
80,746
+200
+0.2% +$7K
HBI
524
DELISTED
Hanesbrands
HBI
$2.77M 0.02%
119,692
-4,700
-4% -$101K
PNRA
525
DELISTED
Panera Bread Co
PNRA
$2.77M 0.02%
8,800
+100
+1% +$31.3K
19 20
21
22 23

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.