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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
MD icon
576
Pediatrix Medical
MD
$2.15B
$2.31M 0.02%
38,300
+200
+0.5% +$11.9K
BC icon
577
Brunswick
BC
$5.28B
$2.31M 0.02%
36,800
+400
+1% +$23.3K
PACW
578
DELISTED
PacWest Bancorp
PACW
$2.31M 0.02%
49,400
+700
+1% +$34.1K
FTNT icon
579
Fortinet
FTNT
$117B
$2.31M 0.02%
308,000
+5,500
+2% +$42.6K
COHR
580
DELISTED
Coherent Inc
COHR
$2.29M 0.02%
10,200
+200
+2% +$45.9K
TSCO icon
581
Tractor Supply
TSCO
$17.9B
$2.29M 0.02%
211,260
-3,500
-2% -$41.7K
PHM icon
582
Pultegroup
PHM
$24.7B
$2.29M 0.02%
93,309
-700
-0.7% -$16.3K
FIT
583
DELISTED
Fitbit, Inc. Class A common stock
FIT
$2.29M 0.02%
430,300
– –
LEG icon
584
Leggett & Platt
LEG
$1.31B
$2.28M 0.02%
43,477
-500
-1% -$26.1K
MAC icon
585
Macerich
MAC
$6.66B
$2.27M 0.02%
39,108
-600
-2% -$36.4K
LOGM
586
DELISTED
LogMein, Inc.
LOGM
$2.27M 0.02%
21,702
+300
+1% +$32.8K
IPGP icon
587
IPG Photonics
IPGP
$3.69B
$2.25M 0.02%
15,500
+300
+2% +$40.3K
GNTX icon
588
Gentex
GNTX
$4.96B
$2.25M 0.02%
118,400
+1,700
+1% +$33.1K
EV
589
DELISTED
Eaton Vance Corp.
EV
$2.24M 0.02%
47,400
+800
+2% +$36.4K
ATR icon
590
AptarGroup
ATR
$8.63B
$2.23M 0.02%
25,700
+400
+2% +$32.9K
SNV
591
DELISTED
Synovus
SNV
$2.23M 0.02%
50,405
+700
+1% +$29.4K
MSCC
592
DELISTED
Microsemi Corp
MSCC
$2.23M 0.02%
47,600
+800
+2% +$39.2K
PII icon
593
Polaris
PII
$3.99B
$2.22M 0.02%
24,100
+300
+1% +$25.7K
AIV
594
Aimco
AIV
$381M
$2.22M 0.02%
387,561
+750
+0.2% +$4.37K
CFR icon
595
Cullen/Frost Bankers
CFR
$10.2B
$2.21M 0.02%
23,500
+400
+2% +$36.9K
JBL icon
596
Jabil
JBL
$36.1B
$2.19M 0.02%
75,100
+1,100
+1% +$32.3K
ZBRA icon
597
Zebra Technologies
ZBRA
$17.2B
$2.19M 0.02%
21,800
+300
+1% +$29.7K
RS icon
598
Reliance Steel & Aluminium
RS
$21.3B
$2.18M 0.02%
30,000
+400
+1% +$29.9K
ARRS
599
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$2.17M 0.02%
77,400
+100
+0.1% +$2.75K
KSS icon
600
Kohl's
KSS
$2.09B
$2.17M 0.02%
56,010
-2,000
-3% -$76.7K
22 23
24
25 26

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.