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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
SLM icon
651
SLM Corp
SLM
$5.15B
$1.77M 0.01%
158,025
+2,800
+2% +$31.4K
TDC icon
652
Teradata
TDC
$2.55B
$1.76M 0.01%
44,500
+1,000
+2% +$39.4K
WTFC icon
653
Wintrust Financial
WTFC
$10.7B
$1.76M 0.01%
20,500
+400
+2% +$34.4K
SABR icon
654
Sabre
SABR
$835M
$1.76M 0.01%
82,000
+7,000
+9% +$150K
SON icon
655
Sonoco
SON
$5.74B
$1.76M 0.01%
36,211
+500
+1% +$25.4K
DISCK
656
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$1.76M 0.01%
89,946
+30,365
+51% +$680K
IBKR icon
657
Interactive Brokers
IBKR
$39.8B
$1.75M 0.01%
104,400
+2,800
+3% +$46.3K
CLB icon
658
Core Laboratories
CLB
$521M
$1.74M 0.01%
16,100
+200
+1% +$22.1K
PNFP icon
659
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.73M 0.01%
27,000
+500
+2% +$32.7K
LEG icon
660
Leggett & Platt
LEG
$1.31B
$1.73M 0.01%
38,977
+300
+0.8% +$13.8K
MPT
661
Medical Properties Trust
MPT
$2.81B
$1.73M 0.01%
132,900
+2,000
+2% +$25.6K
AYI icon
662
Acuity Brands
AYI
$10.8B
$1.73M 0.01%
12,400
– –
UMPQ
663
DELISTED
Umpqua Holdings Corp
UMPQ
$1.72M 0.01%
80,300
+1,100
+1% +$24K
CXT icon
664
Crane NXT
CXT
$3.07B
$1.71M 0.01%
53,066
+864
+2% +$28K
COHR
665
DELISTED
Coherent Inc
COHR
$1.69M 0.01%
9,000
+100
+1% +$24.1K
ARRS
666
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.69M 0.01%
63,500
+100
+0.2% +$2.58K
LSTR icon
667
Landstar System
LSTR
$6.21B
$1.68M 0.01%
15,300
+200
+1% +$21.9K
FLS icon
668
Flowserve
FLS
$10.2B
$1.67M 0.01%
38,475
+200
+0.5% +$8.71K
JWN
669
DELISTED
Nordstrom
JWN
$1.67M 0.01%
34,392
+200
+0.6% +$9.95K
EME icon
670
Emcor
EME
$36B
$1.66M 0.01%
21,300
+200
+0.9% +$15.9K
RYN icon
671
Rayonier
RYN
$6.55B
$1.65M 0.01%
51,815
+772
+2% +$23.5K
HIW icon
672
Highwoods Properties
HIW
$3.47B
$1.65M 0.01%
37,600
+500
+1% +$22.6K
MPWR icon
673
Monolithic Power Systems
MPWR
$68.9B
$1.63M 0.01%
14,100
+400
+3% +$47.4K
FL
674
DELISTED
Foot Locker
FL
$1.63M 0.01%
35,728
-600
-2% -$27.9K
TCBI icon
675
Texas Capital Bancshares
TCBI
$4.32B
$1.63M 0.01%
18,100
+300
+2% +$28.1K
25 26
27
28 29

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.