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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
IDA icon
676
Idacorp
IDA
$8.2B
$1.62M 0.01%
18,380
+300
+2% +$25.3K
VVV icon
677
Valvoline
VVV
$4.51B
$1.61M 0.01%
72,928
+100
+0.1% +$2.38K
NFG icon
678
National Fuel Gas
NFG
$7.65B
$1.61M 0.01%
31,280
+500
+2% +$26.1K
HWC icon
679
Hancock Whitney
HWC
$6.24B
$1.61M 0.01%
31,100
+500
+2% +$26.7K
GWR
680
DELISTED
Genesee & Wyoming Inc.
GWR
$1.6M 0.01%
22,600
+400
+2% +$30.2K
BURL icon
681
Burlington
BURL
$23.2B
$1.6M 0.01%
12,000
– –
MMS icon
682
Maximus
MMS
$3.1B
$1.59M 0.01%
23,800
+400
+2% +$27.2K
FNB icon
683
FNB Corp
FNB
$6.75B
$1.59M 0.01%
117,900
+1,700
+1% +$24.1K
ASH icon
684
Ashland
ASH
$3.5B
$1.58M 0.01%
22,653
+300
+1% +$21.6K
DNB
685
DELISTED
Dun & Bradstreet
DNB
$1.58M 0.01%
13,500
+200
+2% +$24.3K
SCG
686
DELISTED
Scana
SCG
$1.58M 0.01%
42,016
+200
+0.5% +$8.02K
RIG icon
687
Transocean
RIG
$5.82B
$1.57M 0.01%
158,900
+18,300
+13% +$188K
ITT icon
688
ITT
ITT
$19.1B
$1.57M 0.01%
32,100
+500
+2% +$26.4K
WGL
689
DELISTED
Wgl Holdings
WGL
$1.57M 0.01%
18,740
+300
+2% +$25.2K
AGCO icon
690
AGCO
AGCO
$7.2B
$1.56M 0.01%
24,100
+400
+2% +$27.6K
HRB icon
691
H&R Block
HRB
$5.86B
$1.56M 0.01%
61,498
+200
+0.3% +$5.26K
PRI icon
692
Primerica
PRI
$9.89B
$1.55M 0.01%
16,100
+200
+1% +$20.1K
PWR icon
693
Quanta Services
PWR
$101B
$1.55M 0.01%
45,256
-100
-0.2% -$3.63K
SF
694
Stifel
SF
$12.6B
$1.55M 0.01%
58,950
+3,600
+7% +$102K
ASB icon
695
Associated Banc-Corp
ASB
$5.91B
$1.54M 0.01%
62,189
+7,900
+15% +$201K
DLPH
696
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$1.54M 0.01%
32,300
+300
+0.9% +$15.6K
MUR icon
697
Murphy Oil
MUR
$4.78B
$1.53M 0.01%
59,100
+800
+1% +$23.1K
MASI
698
DELISTED
Masimo
MASI
$1.52M 0.01%
17,300
+200
+1% +$17.4K
LPX icon
699
Louisiana-Pacific
LPX
$5.49B
$1.52M 0.01%
52,799
+700
+1% +$20.1K
SVC
700
Service Properties Trust
SVC
$1.07B
$1.52M 0.01%
11,980
+160
+1% +$21.5K
26 27
28
29 30

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.