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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
+3.9%
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
$12.7B
AUM Growth
+$242M
Cap. Flow
-$121M
Cap. Flow %
-0.96%
Top 10 Hldgs %
23.86%
Holding
959
New
19
Increased
657
Reduced
198
Closed
23

Top Buys

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$83.8M
2
EXC icon
Exelon
EXC
+$70.1M
3
ORCL icon
Oracle
ORCL
+$29.3M
4
AVY icon
Avery Dennison
AVY
+$28.1M
5
NLSN
Nielsen Holdings plc
NLSN
+$27.4M

Top Sells

Rank Stock Value
1
AFL icon
Aflac
AFL
+$146M
2
MON
Monsanto Co
MON
+$61.8M
3
XYZ
Block Inc
XYZ
+$58.9M
4
VLO icon
Valero Energy
VLO
+$41.2M
5
TWX
Time Warner Inc
TWX
+$39.4M

Sector Composition

Rank Sector Weight
1 Financials 16.69%
2 Technology 15.7%
3 Healthcare 15.25%
4 Consumer Discretionary 9.01%
5 Communication Services 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JLL icon
501
Jones Lang LaSalle
JLL
$16.7B
$2.79M 0.02%
16,800
+200
+1% +$34K
PRGO icon
502
Perrigo
PRGO
$1.78B
$2.78M 0.02%
38,122
-400
-1% -$30.8K
WU icon
503
Western Union
WU
$2.21B
$2.77M 0.02%
136,426
+1,200
+0.9% +$23.9K
TSCO icon
504
Tractor Supply
TSCO
$18B
$2.77M 0.02%
180,760
-3,500
-2% -$48.7K
KRC icon
505
Kilroy Realty
KRC
$4.42B
$2.75M 0.02%
36,400
+400
+1% +$29.3K
ULTI
506
DELISTED
Ultimate Software Group Inc
ULTI
$2.75M 0.02%
10,700
+100
+0.9% +$25.7K
MKTX icon
507
MarketAxess Holdings
MKTX
$5.72B
$2.75M 0.02%
13,900
+200
+1% +$41.5K
FRT icon
508
Federal Realty Investment Trust
FRT
$10.3B
$2.75M 0.02%
21,716
+200
+0.9% +$23.6K
AFG icon
509
American Financial Group
AFG
$12.1B
$2.75M 0.02%
25,590
+500
+2% +$55.4K
LII icon
510
Lennox International
LII
$15.2B
$2.74M 0.02%
13,700
– –
NRG icon
511
NRG Energy
NRG
$24.8B
$2.72M 0.02%
88,568
-300
-0.3% -$9.7K
REG icon
512
Regency Centers
REG
$14.1B
$2.71M 0.02%
43,600
-100
-0.2% -$5.87K
WST icon
513
West Pharmaceutical
WST
$24.9B
$2.69M 0.02%
27,100
+100
+0.4% +$9.21K
SNA icon
514
Snap-on
SNA
$21.5B
$2.69M 0.02%
16,735
– –
TER icon
515
Teradyne
TER
$59.3B
$2.68M 0.02%
70,500
-700
-1% -$27.3K
IPG
516
DELISTED
Interpublic Group of Companies
IPG
$2.67M 0.02%
114,129
+900
+0.8% +$21.2K
PNW icon
517
Pinnacle West Capital
PNW
$12.2B
$2.67M 0.02%
33,187
+300
+0.9% +$23.5K
WPX
518
DELISTED
WPX Energy, Inc.
WPX
$2.65M 0.02%
147,200
+2,100
+1% +$36K
BBWI icon
519
Bath & Body Works
BBWI
$4.1B
$2.65M 0.02%
88,871
-619
-0.7% -$17.9K
PII icon
520
Polaris
PII
$4.07B
$2.64M 0.02%
21,600
+200
+0.9% +$23.4K
SLG icon
521
SL Green Realty
SLG
$3.99B
$2.63M 0.02%
27,073
-413
-2% -$39K
TDY icon
522
Teledyne Technologies
TDY
$32B
$2.63M 0.02%
13,200
+200
+2% +$39.5K
AES icon
523
AES
AES
$10.5B
$2.63M 0.02%
195,805
+1,400
+0.7% +$17.2K
NI icon
524
NiSource
NI
$20.4B
$2.63M 0.02%
99,902
+600
+0.6% +$14.7K
EGN
525
DELISTED
Energen
EGN
$2.61M 0.02%
35,900
+500
+1% +$32.8K
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 Q2 2018 Portfolio in Review

As of Q2 2018, State of Michigan Retirement System held 959 positions worth $12.7B, up 1.9% from $12.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q2 2018: portfolio turnover was 4.4%. State of Michigan Retirement System opened 19 new positions and exited 23, leaving the 959-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2018 buy was Rithm Capital: 670,000 shares worth $11.7M.
  • State of Michigan Retirement System added most to AGNC Investment in Q2 2018, an estimated $83.8M increase.
  • State of Michigan Retirement System's biggest Q2 2018 reduction was Aflac, cutting an estimated $146M.
  • State of Michigan Retirement System fully exited Monsanto Co in Q2 2018, selling an estimated $61.8M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $12.7B portfolio in Q2 2018.
  • State of Michigan Retirement System opened 19 new positions and closed 23 in Q2 2018.
  • State of Michigan Retirement System's portfolio value rose 1.9% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q2 2018, filed 8 Aug 2018.