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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
OGE icon
526
OGE Energy
OGE
$9.71B
$2.59M 0.02%
73,520
+700
+1% +$23.5K
DISCK
527
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$2.58M 0.02%
101,146
+11,200
+12% +$250K
WRB icon
528
W.R. Berkley
WRB
$26.6B
$2.56M 0.02%
119,323
+1,350
+1% +$30K
GL icon
529
Globe Life
GL
$14.3B
$2.55M 0.02%
31,310
+100
+0.3% +$8.49K
EPD icon
530
Enterprise Products Partners
EPD
$81.7B
$2.55M 0.02%
92,000
– –
AOS icon
531
A.O. Smith
AOS
$8.7B
$2.54M 0.02%
43,000
+200
+0.5% +$12.6K
SBNY
532
DELISTED
Signature Bank
SBNY
$2.53M 0.02%
19,800
+200
+1% +$26.2K
BWA icon
533
BorgWarner
BWA
$13.9B
$2.52M 0.02%
66,451
+227
+0.3% +$10K
NNN icon
534
NNN REIT
NNN
$8.99B
$2.49M 0.02%
56,700
+600
+1% +$24.2K
EHC icon
535
Encompass Health
EHC
$12.4B
$2.46M 0.02%
45,755
+754
+2% +$37.7K
IPGP icon
536
IPG Photonics
IPGP
$3.84B
$2.45M 0.02%
11,100
– –
ARW icon
537
Arrow Electronics
ARW
$10.4B
$2.43M 0.02%
32,262
+300
+0.9% +$22.8K
LYV icon
538
Live Nation Entertainment
LYV
$42.1B
$2.43M 0.02%
50,000
+700
+1% +$30K
CSL icon
539
Carlisle Companies
CSL
$15.4B
$2.43M 0.02%
22,420
-100
-0.4% -$10.6K
NDSN icon
540
Nordson
NDSN
$17.3B
$2.42M 0.02%
18,860
+300
+2% +$39.6K
UNM icon
541
Unum
UNM
$14.3B
$2.42M 0.02%
65,469
+300
+0.5% +$12.5K
SCI icon
542
Service Corp International
SCI
$11.6B
$2.42M 0.02%
67,500
+100
+0.1% +$3.71K
LPT
543
DELISTED
Liberty Property Trust
LPT
$2.41M 0.02%
54,400
+700
+1% +$29.7K
RVTY icon
544
Revvity
RVTY
$12.8B
$2.4M 0.02%
32,729
+200
+0.6% +$15K
AMG icon
545
Affiliated Managers Group
AMG
$9.76B
$2.39M 0.02%
16,056
– –
DEI icon
546
Douglas Emmett
DEI
$1.96B
$2.36M 0.02%
58,800
+700
+1% +$26.4K
TTC icon
547
Toro Company
TTC
$9.49B
$2.35M 0.02%
39,000
-100
-0.3% -$6.03K
HBI
548
DELISTED
Hanesbrands
HBI
$2.35M 0.02%
106,692
+600
+0.6% +$11.3K
BRO icon
549
Brown & Brown
BRO
$23.9B
$2.34M 0.02%
84,500
+1,100
+1% +$30K
NKTR icon
550
Nektar Therapeutics
NKTR
$2.58B
$2.33M 0.02%
3,180
+20
+0.6% +$23.1K
20 21
22
23 24

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.