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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
+3.9%
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
$12.7B
AUM Growth
+$242M
Cap. Flow
-$121M
Cap. Flow %
-0.96%
Top 10 Hldgs %
23.86%
Holding
959
New
19
Increased
657
Reduced
198
Closed
23

Top Buys

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$83.8M
2
EXC icon
Exelon
EXC
+$70.1M
3
ORCL icon
Oracle
ORCL
+$29.3M
4
AVY icon
Avery Dennison
AVY
+$28.1M
5
NLSN
Nielsen Holdings plc
NLSN
+$27.4M

Top Sells

Rank Stock Value
1
AFL icon
Aflac
AFL
+$146M
2
MON
Monsanto Co
MON
+$61.8M
3
XYZ
Block Inc
XYZ
+$58.9M
4
VLO icon
Valero Energy
VLO
+$41.2M
5
TWX
Time Warner Inc
TWX
+$39.4M

Sector Composition

Rank Sector Weight
1 Financials 16.69%
2 Technology 15.7%
3 Healthcare 15.25%
4 Consumer Discretionary 9.01%
5 Communication Services 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HIW icon
626
Highwoods Properties
HIW
$3.47B
$1.93M 0.02%
38,100
+500
+1% +$23K
SON icon
627
Sonoco
SON
$5.74B
$1.93M 0.02%
36,711
+500
+1% +$25.7K
MKSI icon
628
MKS Inc
MKSI
$20.6B
$1.92M 0.02%
20,100
+200
+1% +$21.8K
TOL icon
629
Toll Brothers
TOL
$14.5B
$1.92M 0.02%
52,000
-100
-0.2% -$4.1K
OSK icon
630
Oshkosh
OSK
$9.59B
$1.91M 0.02%
27,200
– –
MPWR icon
631
Monolithic Power Systems
MPWR
$68.9B
$1.91M 0.02%
14,300
+200
+1% +$25.5K
CHE icon
632
Chemed
CHE
$7.22B
$1.9M 0.02%
+5,900
New +$1.85M
MPT
633
Medical Properties Trust
MPT
$2.81B
$1.89M 0.01%
134,300
+1,400
+1% +$18.5K
TRN icon
634
Trinity Industries
TRN
$2.38B
$1.88M 0.01%
76,387
– –
CRI icon
635
Carter's
CRI
$1.47B
$1.88M 0.01%
17,300
+100
+0.6% +$10.8K
THG icon
636
Hanover Insurance
THG
$7.98B
$1.87M 0.01%
15,650
+200
+1% +$23.8K
AVT icon
637
Avnet
AVT
$7.92B
$1.86M 0.01%
43,440
-300
-0.7% -$12.2K
PBCT
638
DELISTED
People's United Financial Inc
PBCT
$1.86M 0.01%
102,975
+800
+0.8% +$14.9K
EXP icon
639
Eagle Materials
EXP
$6.57B
$1.86M 0.01%
17,700
– –
ROL icon
640
Rollins
ROL
$18.2B
$1.86M 0.01%
79,513
+675
+0.9% +$15.3K
RYN icon
641
Rayonier
RYN
$6.55B
$1.84M 0.01%
52,476
+661
+1% +$22.6K
ORI icon
642
Old Republic International
ORI
$10.4B
$1.84M 0.01%
92,427
+1,100
+1% +$23K
FL
643
DELISTED
Foot Locker
FL
$1.84M 0.01%
34,928
-800
-2% -$38.7K
SLM icon
644
SLM Corp
SLM
$5.15B
$1.84M 0.01%
160,325
+2,300
+1% +$26.6K
BLKB icon
645
Blackbaud
BLKB
$2.08B
$1.83M 0.01%
17,900
+400
+2% +$41.3K
UMPQ
646
DELISTED
Umpqua Holdings Corp
UMPQ
$1.83M 0.01%
81,100
+800
+1% +$18.7K
MAC icon
647
Macerich
MAC
$6.92B
$1.82M 0.01%
32,108
+200
+0.6% +$11.3K
UTHR icon
648
United Therapeutics
UTHR
$23.1B
$1.81M 0.01%
16,000
+200
+1% +$22K
KNX icon
649
Knight Transportation
KNX
$11.4B
$1.81M 0.01%
47,300
+500
+1% +$20.6K
GWR
650
DELISTED
Genesee & Wyoming Inc.
GWR
$1.8M 0.01%
22,200
-400
-2% -$30.3K
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 2018 Portfolio in Review

As of Q2 2018, State of Michigan Retirement System held 959 positions worth $12.7B, up 1.9% from $12.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q2 2018: portfolio turnover was 4.4%. State of Michigan Retirement System opened 19 new positions and exited 23, leaving the 959-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2018 buy was Rithm Capital: 670,000 shares worth $11.7M.
  • State of Michigan Retirement System added most to AGNC Investment in Q2 2018, an estimated $83.8M increase.
  • State of Michigan Retirement System's biggest Q2 2018 reduction was Aflac, cutting an estimated $146M.
  • State of Michigan Retirement System fully exited Monsanto Co in Q2 2018, selling an estimated $61.8M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $12.7B portfolio in Q2 2018.
  • State of Michigan Retirement System opened 19 new positions and closed 23 in Q2 2018.
  • State of Michigan Retirement System's portfolio value rose 1.9% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q2 2018, filed 8 Aug 2018.