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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
WR
501
DELISTED
Westar Energy Inc
WR
$2.73M 0.02%
51,850
+800
+2% +$40.4K
AOS icon
502
A.O. Smith
AOS
$8.7B
$2.72M 0.02%
42,800
+100
+0.2% +$6.45K
IRM icon
503
Iron Mountain
IRM
$36.1B
$2.72M 0.02%
82,846
-1,600
-2% -$53.9K
NRG icon
504
NRG Energy
NRG
$24.8B
$2.71M 0.02%
88,868
+700
+0.8% +$19.4K
TYL icon
505
Tyler Technologies
TYL
$12.8B
$2.7M 0.02%
12,800
+200
+2% +$40K
ZBRA icon
506
Zebra Technologies
ZBRA
$17.8B
$2.7M 0.02%
19,400
+300
+2% +$38.4K
XLFS
507
DELISTED
POWERSHARES S&P SMALLCAP FINANCIALS PORTFOLIO
XLFS
$2.67M 0.02%
49,600
– –
M icon
508
Macy's
M
$6.68B
$2.67M 0.02%
89,730
+400
+0.4% +$10.8K
FBIN icon
509
Fortune Brands Innovations
FBIN
$6.06B
$2.64M 0.02%
52,374
-468
-0.9% -$26.1K
FFIV icon
510
F5
FFIV
$22.7B
$2.63M 0.02%
18,172
-200
-1% -$28.7K
GL icon
511
Globe Life
GL
$14.3B
$2.63M 0.02%
31,210
-300
-1% -$26.2K
XEC
512
DELISTED
CIMAREX ENERGY CO
XEC
$2.63M 0.02%
28,080
+200
+0.7% +$21.3K
PNW icon
513
Pinnacle West Capital
PNW
$12.2B
$2.62M 0.02%
32,887
+100
+0.3% +$7.84K
QRVO icon
514
Qorvo
QRVO
$8.74B
$2.62M 0.02%
37,224
-100
-0.3% -$7.54K
IPG
515
DELISTED
Interpublic Group of Companies
IPG
$2.61M 0.02%
113,229
-700
-0.6% -$15.7K
WU icon
516
Western Union
WU
$2.21B
$2.6M 0.02%
135,226
+600
+0.4% +$12K
IPGP icon
517
IPG Photonics
IPGP
$3.84B
$2.59M 0.02%
11,100
-2,400
-18% -$592K
CF icon
518
CF Industries
CF
$17.3B
$2.59M 0.02%
68,625
+300
+0.4% +$12.2K
ULTI
519
DELISTED
Ultimate Software Group Inc
ULTI
$2.58M 0.02%
10,600
+400
+4% +$94.5K
AAP icon
520
Advance Auto Parts
AAP
$3.49B
$2.58M 0.02%
21,768
+100
+0.5% +$11.4K
REG icon
521
Regency Centers
REG
$14.1B
$2.58M 0.02%
43,700
+300
+0.7% +$18.1K
SLG icon
522
SL Green Realty
SLG
$3.99B
$2.58M 0.02%
27,486
-2,273
-8% -$213K
KRC icon
523
Kilroy Realty
KRC
$4.42B
$2.56M 0.02%
36,000
+600
+2% +$41.8K
SCI icon
524
Service Corp International
SCI
$11.6B
$2.54M 0.02%
67,400
– –
COTY icon
525
Coty
COTY
$2.48B
$2.54M 0.02%
138,989
+600
+0.4% +$11.8K
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 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.