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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
CY
576
DELISTED
Cypress Semiconductor
CY
$2.19M 0.02%
129,400
+9,500
+8% +$163K
CW icon
577
Curtiss-Wright
CW
$25.5B
$2.17M 0.02%
16,100
+200
+1% +$26.1K
JHG
578
DELISTED
Janus Henderson
JHG
$2.17M 0.02%
65,737
+900
+1% +$33.2K
SNV
579
DELISTED
Synovus
SNV
$2.16M 0.02%
43,305
+300
+0.7% +$15.1K
KNX icon
580
Knight Transportation
KNX
$11.4B
$2.15M 0.02%
46,800
+800
+2% +$37.9K
POOL icon
581
Pool Corp
POOL
$7.5B
$2.15M 0.02%
14,700
+300
+2% +$41.3K
WPX
582
DELISTED
WPX Energy, Inc.
WPX
$2.15M 0.02%
145,100
+2,100
+1% +$30.3K
OZK icon
583
Bank OZK
OZK
$5.61B
$2.14M 0.02%
44,300
+700
+2% +$35.4K
DEI icon
584
Douglas Emmett
DEI
$1.96B
$2.14M 0.02%
58,100
+800
+1% +$30K
HP icon
585
Helmerich & Payne
HP
$3.71B
$2.14M 0.02%
32,092
+300
+0.9% +$20.2K
LPT
586
DELISTED
Liberty Property Trust
LPT
$2.13M 0.02%
53,700
+700
+1% +$28.2K
DCI icon
587
Donaldson
DCI
$11.4B
$2.13M 0.02%
47,320
+600
+1% +$28.7K
HOG icon
588
Harley-Davidson
HOG
$2.71B
$2.13M 0.02%
49,577
+200
+0.4% +$9.57K
BRO icon
589
Brown & Brown
BRO
$23.9B
$2.12M 0.02%
83,400
+200
+0.2% +$5.23K
WSO icon
590
Watsco Inc
WSO
$13.6B
$2.12M 0.02%
11,700
+700
+6% +$121K
RHI icon
591
Robert Half
RHI
$4.37B
$2.12M 0.02%
36,560
-200
-0.5% -$11.4K
SEE
592
DELISTED
Sealed Air
SEE
$2.11M 0.02%
49,248
-3,600
-7% -$163K
OSK icon
593
Oshkosh
OSK
$9.59B
$2.1M 0.02%
27,200
+200
+0.7% +$17K
HRC
594
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$2.1M 0.02%
24,150
+500
+2% +$42.7K
JEF icon
595
Jefferies Financial Group
JEF
$13.1B
$2.1M 0.02%
103,162
+447
+0.4% +$10.1K
J icon
596
Jacobs Solutions
J
$17B
$2.1M 0.02%
42,811
+121
+0.3% +$6.4K
LYV icon
597
Live Nation Entertainment
LYV
$42.1B
$2.08M 0.02%
49,300
+1,100
+2% +$48.8K
TECH icon
598
Bio-Techne
TECH
$11.3B
$2.07M 0.02%
54,800
+800
+1% +$28.3K
ACM icon
599
Aecom
ACM
$9.75B
$2.07M 0.02%
58,000
+1,300
+2% +$48K
THO icon
600
Thor Industries
THO
$4.14B
$2.06M 0.02%
17,900
+300
+2% +$40.1K
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 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.