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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
SPLS
601
DELISTED
Staples Inc
SPLS
$2.16M 0.02%
214,262
+531
+0.2% +$4.96K
J icon
602
Jacobs Solutions
J
$16.9B
$2.15M 0.02%
47,889
-241
-0.5% -$10.7K
SNI
603
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$2.15M 0.02%
31,523
+100
+0.3% +$7.04K
CF icon
604
CF Industries
CF
$17.9B
$2.14M 0.02%
76,625
+100
+0.1% +$2.75K
SRCL
605
DELISTED
Stericycle Inc
SRCL
$2.14M 0.02%
27,981
– –
HIW icon
606
Highwoods Properties
HIW
$3.47B
$2.13M 0.02%
42,100
+800
+2% +$40.8K
BRCD
607
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
$2.13M 0.02%
169,000
+3,300
+2% +$41.6K
FL
608
DELISTED
Foot Locker
FL
$2.13M 0.02%
43,128
-400
-0.9% -$25.9K
OSK icon
609
Oshkosh
OSK
$9.47B
$2.12M 0.02%
30,800
+500
+2% +$33.7K
POST icon
610
Post Holdings
POST
$4.09B
$2.12M 0.02%
41,714
+1,833
+5% +$98.8K
SON icon
611
Sonoco
SON
$5.64B
$2.11M 0.02%
41,011
+700
+2% +$36K
MDU icon
612
MDU Resources
MDU
$4.34B
$2.11M 0.02%
211,606
+2,893
+1% +$29.6K
FLR icon
613
Fluor
FLR
$6.81B
$2.1M 0.02%
45,953
+200
+0.4% +$9.57K
RGLD icon
614
Royal Gold
RGLD
$18.5B
$2.1M 0.02%
26,900
+400
+2% +$30.1K
HRB icon
615
H&R Block
HRB
$5.82B
$2.1M 0.02%
67,998
– –
DNKN
616
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$2.1M 0.02%
38,000
+600
+2% +$33.5K
ACM icon
617
Aecom
ACM
$9.63B
$2.08M 0.02%
64,200
+1,100
+2% +$36.5K
OLN icon
618
Olin
OLN
$2.14B
$2.07M 0.02%
68,411
+1,200
+2% +$36.7K
THO icon
619
Thor Industries
THO
$4.04B
$2.06M 0.02%
19,700
+300
+2% +$29.1K
CBSH icon
620
Commerce Bancshares
CBSH
$8.51B
$2.05M 0.02%
55,911
+775
+1% +$27.7K
SLM icon
621
SLM Corp
SLM
$5.15B
$2.04M 0.02%
177,725
+3,400
+2% +$38.7K
BRO icon
622
Brown & Brown
BRO
$23.8B
$2.04M 0.02%
94,800
+1,600
+2% +$34.3K
VYX icon
623
NCR Voyix
VYX
$1.15B
$2.04M 0.02%
81,402
+163
+0.2% +$4.14K
FAF icon
624
First American
FAF
$7.67B
$2.03M 0.02%
45,500
+800
+2% +$33.8K
DCT
625
DELISTED
DCT Industrial Trust Inc.
DCT
$2.02M 0.02%
37,900
+600
+2% +$31.3K
23 24
25
26 27

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.