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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
XRX icon
626
Xerox
XRX
$424M
$2.01M 0.02%
70,118
-1
-0% -$28
DINO icon
627
HF Sinclair
DINO
$14.7B
$2.01M 0.02%
73,090
+1,000
+1% +$26.7K
AVT icon
628
Avnet
AVT
$7.94B
$2M 0.02%
51,540
-800
-2% -$31.7K
RHI icon
629
Robert Half
RHI
$4.16B
$2M 0.02%
41,760
-200
-0.5% -$9.35K
DHC
630
Diversified Healthcare Trust
DHC
$2.11B
$2M 0.02%
97,900
+1,400
+1% +$29.9K
VVV icon
631
Valvoline
VVV
$4.54B
$2M 0.02%
+84,328
New +$1.95M
POOL icon
632
Pool Corp
POOL
$7.31B
$2M 0.02%
17,000
+300
+2% +$36K
FLS icon
633
Flowserve
FLS
$10B
$2M 0.02%
42,975
+100
+0.2% +$4.82K
WBS icon
634
Webster Financial
WBS
$12.8B
$1.99M 0.02%
38,050
+700
+2% +$35.4K
CRL icon
635
Charles River Laboratories
CRL
$12.8B
$1.98M 0.02%
19,600
+400
+2% +$36.8K
PBCT
636
DELISTED
People's United Financial Inc
PBCT
$1.98M 0.02%
112,075
– –
EGN
637
DELISTED
Energen
EGN
$1.98M 0.01%
40,000
+600
+2% +$32K
ORI icon
638
Old Republic International
ORI
$10.5B
$1.97M 0.01%
101,027
+1,700
+2% +$33.9K
SVC
639
Service Properties Trust
SVC
$1.09B
$1.97M 0.01%
13,540
+200
+1% +$30.5K
NFG icon
640
National Fuel Gas
NFG
$7.66B
$1.96M 0.01%
35,180
+500
+1% +$28.1K
HRC
641
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.96M 0.01%
24,650
+500
+2% +$37.8K
BIO icon
642
Bio-Rad Laboratories Class A
BIO
$9.16B
$1.95M 0.01%
8,600
+200
+2% +$43.6K
HP icon
643
Helmerich & Payne
HP
$3.7B
$1.94M 0.01%
35,692
– –
MPT
644
Medical Properties Trust
MPT
$2.75B
$1.93M 0.01%
150,000
+19,600
+15% +$261K
WSO icon
645
Watsco Inc
WSO
$13.2B
$1.93M 0.01%
12,500
+200
+2% +$28.6K
GRMN
646
Garmin
GRMN
$58.2B
$1.92M 0.01%
37,662
-100
-0.3% -$5.13K
LYV icon
647
Live Nation Entertainment
LYV
$42.3B
$1.92M 0.01%
55,100
+1,400
+3% +$46.9K
THS
648
DELISTED
Treehouse Foods
THS
$1.92M 0.01%
23,500
+400
+2% +$32.7K
EPR icon
649
EPR Properties
EPR
$4.7B
$1.9M 0.01%
26,400
+400
+2% +$29.1K
FNB icon
650
FNB Corp
FNB
$6.75B
$1.89M 0.01%
133,200
+2,500
+2% +$35.2K
24 25
26
27 28

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.