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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
FICO icon
626
Fair Isaac
FICO
$22.5B
$1.86M 0.02%
11,000
+200
+2% +$33.4K
WBS icon
627
Webster Financial
WBS
$12.8B
$1.86M 0.02%
33,550
+500
+2% +$28.3K
PB icon
628
Prosperity Bancshares
PB
$8.89B
$1.85M 0.01%
25,500
+500
+2% +$37.5K
BIO icon
629
Bio-Rad Laboratories Class A
BIO
$9.42B
$1.85M 0.01%
7,400
+100
+1% +$25.5K
CRL icon
630
Charles River Laboratories
CRL
$12.8B
$1.85M 0.01%
17,300
+300
+2% +$32.3K
STL
631
DELISTED
Sterling Bancorp
STL
$1.85M 0.01%
81,900
+1,100
+1% +$26.9K
JBL icon
632
Jabil
JBL
$35.8B
$1.84M 0.01%
63,900
+400
+0.6% +$10.9K
AVT icon
633
Avnet
AVT
$7.92B
$1.83M 0.01%
43,740
+300
+0.7% +$12.7K
RL icon
634
Ralph Lauren
RL
$23.6B
$1.83M 0.01%
16,341
+100
+0.6% +$10.8K
EXP icon
635
Eagle Materials
EXP
$6.57B
$1.82M 0.01%
17,700
+200
+1% +$21.6K
THG icon
636
Hanover Insurance
THG
$7.98B
$1.82M 0.01%
15,450
+200
+1% +$22.5K
XRX icon
637
Xerox
XRX
$425M
$1.81M 0.01%
63,018
+400
+0.6% +$12.3K
POST icon
638
Post Holdings
POST
$3.57B
$1.81M 0.01%
36,519
+153
+0.4% +$7.74K
DST
639
DELISTED
DST Systems Inc.
DST
$1.81M 0.01%
21,600
– –
KIM icon
640
Kimco Realty
KIM
$16.4B
$1.8M 0.01%
125,238
+500
+0.4% +$7.7K
TRN icon
641
Trinity Industries
TRN
$2.38B
$1.79M 0.01%
76,387
+556
+0.7% +$13.7K
CONE
642
DELISTED
CyrusOne Inc Common Stock
CONE
$1.79M 0.01%
35,000
+2,200
+7% +$118K
CRI icon
643
Carter's
CRI
$1.47B
$1.79M 0.01%
17,200
+200
+1% +$23.3K
DNKN
644
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.79M 0.01%
30,000
-2,500
-8% -$155K
ROL icon
645
Rollins
ROL
$18.2B
$1.79M 0.01%
78,838
+1,350
+2% +$29.7K
MAC icon
646
Macerich
MAC
$6.92B
$1.79M 0.01%
31,908
+100
+0.3% +$6.1K
SIX
647
DELISTED
Six Flags Entertainment Corp.
SIX
$1.79M 0.01%
28,700
+700
+3% +$45.7K
BLKB icon
648
Blackbaud
BLKB
$2.08B
$1.78M 0.01%
17,500
+200
+1% +$19.9K
NWSA icon
649
News Corp Class A
NWSA
$15.4B
$1.78M 0.01%
112,739
+500
+0.4% +$8.22K
UTHR icon
650
United Therapeutics
UTHR
$23.1B
$1.77M 0.01%
15,800
+300
+2% +$38.1K
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 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.