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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
KEX icon
701
Kirby Corp
KEX
$6.93B
$1.51M 0.01%
19,600
+300
+2% +$22.4K
CASY icon
702
Casey's General Stores
CASY
$30.9B
$1.5M 0.01%
13,700
– –
MSM icon
703
MSC Industrial Direct
MSM
$6.86B
$1.5M 0.01%
16,400
+400
+3% +$37K
VSM
704
DELISTED
Versum Materials, Inc.
VSM
$1.49M 0.01%
39,701
+600
+2% +$22.9K
WSM icon
705
Williams-Sonoma
WSM
$29.6B
$1.49M 0.01%
56,400
+600
+1% +$15.9K
FLO icon
706
Flowers Foods
FLO
$1.57B
$1.48M 0.01%
67,550
+1,200
+2% +$24.2K
SRCL
707
DELISTED
Stericycle Inc
SRCL
$1.47M 0.01%
25,181
+200
+0.8% +$13.5K
IDTI
708
DELISTED
Integrated Device Technology I
IDTI
$1.47M 0.01%
48,220
+500
+1% +$15.5K
CNK icon
709
Cinemark Holdings
CNK
$4.32B
$1.45M 0.01%
38,600
+500
+1% +$19K
BHF icon
710
Brighthouse Financial
BHF
$3.5B
$1.45M 0.01%
28,180
+100
+0.4% +$5.78K
CMD
711
DELISTED
Cantel Medical Corporation
CMD
$1.45M 0.01%
+13,000
New +$1.46M
BMS
712
DELISTED
Bemis
BMS
$1.45M 0.01%
33,200
+600
+2% +$27.4K
WOLF icon
713
Wolfspeed
WOLF
$1.71B
$1.44M 0.01%
35,800
+500
+1% +$18.8K
WWD icon
714
Woodward
WWD
$21.4B
$1.44M 0.01%
20,100
+300
+2% +$22.6K
NFX
715
DELISTED
Newfield Exploration
NFX
$1.44M 0.01%
58,812
+400
+0.7% +$11.2K
TCF
716
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.42M 0.01%
26,000
+400
+2% +$22.5K
TCF
717
DELISTED
TCF Financial Corporation
TCF
$1.42M 0.01%
62,360
+600
+1% +$13.3K
LSI
718
DELISTED
Life Storage, Inc.
LSI
$1.42M 0.01%
25,500
+450
+2% +$24.6K
PTEN icon
719
Patterson-UTI
PTEN
$3.76B
$1.42M 0.01%
81,000
+1,000
+1% +$20.9K
AIZ icon
720
Assurant
AIZ
$14.3B
$1.41M 0.01%
15,457
-300
-2% -$27.4K
ZD icon
721
Ziff Davis
ZD
$1.98B
$1.41M 0.01%
20,585
+575
+3% +$38.9K
R icon
722
Ryder
R
$10.1B
$1.41M 0.01%
19,300
+300
+2% +$24.2K
SLAB icon
723
Silicon Laboratories
SLAB
$7.23B
$1.4M 0.01%
15,600
+300
+2% +$28.3K
LIVN icon
724
LivaNova
LIVN
$4.2B
$1.4M 0.01%
15,800
+200
+1% +$17K
ICUI icon
725
ICU Medical
ICUI
$4.61B
$1.39M 0.01%
+5,500
New +$1.29M
27 28
29
30 31

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.