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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
RGLD icon
601
Royal Gold
RGLD
$19.5B
$2.05M 0.02%
23,900
+400
+2% +$33.7K
CBSH icon
602
Commerce Bancshares
CBSH
$8.5B
$2.05M 0.02%
50,563
+739
+1% +$29.4K
EHC icon
603
Encompass Health
EHC
$12.4B
$2.05M 0.02%
+45,001
New +$1.93M
FLIR
604
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$2.04M 0.02%
40,885
+300
+0.7% +$14.9K
ATR icon
605
AptarGroup
ATR
$8.61B
$2.03M 0.02%
22,600
+200
+0.9% +$17.6K
LECO icon
606
Lincoln Electric
LECO
$15.4B
$2.02M 0.02%
22,500
+300
+1% +$27.9K
RNR icon
607
RenaissanceRe
RNR
$13.4B
$2.02M 0.02%
14,600
+200
+1% +$26K
MDU icon
608
MDU Resources
MDU
$4.32B
$2M 0.02%
187,148
+2,630
+1% +$26.7K
GAP
609
The Gap Inc
GAP
$7.37B
$2M 0.02%
64,146
+300
+0.5% +$9.82K
CTLT
610
DELISTED
CATALENT, INC.
CTLT
$2M 0.02%
48,600
+800
+2% +$34K
CSRA
611
DELISTED
CSRA Inc.
CSRA
$1.99M 0.02%
48,257
+200
+0.4% +$7.33K
NATI
612
DELISTED
National Instruments Corp
NATI
$1.98M 0.02%
39,175
+600
+2% +$29.2K
ORI icon
613
Old Republic International
ORI
$10.4B
$1.96M 0.02%
91,327
+3,100
+4% +$64.3K
OHI icon
614
Omega Healthcare
OHI
$14.7B
$1.96M 0.02%
72,400
+1,200
+2% +$32K
HBI
615
DELISTED
Hanesbrands
HBI
$1.95M 0.02%
106,092
-800
-0.7% -$16.5K
DCT
616
DELISTED
DCT Industrial Trust Inc.
DCT
$1.93M 0.02%
34,200
+700
+2% +$39.6K
SKX
617
DELISTED
Skechers
SKX
$1.92M 0.02%
49,400
+1,300
+3% +$51.8K
GRMN
618
Garmin
GRMN
$60B
$1.92M 0.02%
32,562
– –
ACC
619
DELISTED
American Campus Communities, Inc.
ACC
$1.92M 0.02%
49,700
+700
+1% +$26.4K
PBCT
620
DELISTED
People's United Financial Inc
PBCT
$1.91M 0.02%
102,175
+700
+0.7% +$13.6K
MD icon
621
Pediatrix Medical
MD
$2.2B
$1.9M 0.02%
34,200
+500
+1% +$27.4K
BC icon
622
Brunswick
BC
$5.28B
$1.9M 0.02%
31,900
+400
+1% +$23.6K
AIV
623
Aimco
AIV
$383M
$1.89M 0.02%
347,775
+2,252
+0.7% +$12.1K
GT icon
624
Goodyear
GT
$1.85B
$1.88M 0.02%
70,716
-1,500
-2% -$46.4K
LFUS icon
625
Littelfuse
LFUS
$11.6B
$1.87M 0.02%
9,000
+800
+10% +$168K
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 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.