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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
+3.07%
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
$13.2B
AUM Growth
+$301M
Cap. Flow
-$9.45M
Cap. Flow %
-0.07%
Top 10 Hldgs %
24.67%
Holding
966
New
21
Increased
601
Reduced
225
Closed
18

Top Buys

Rank Stock Value
1
CVS icon
CVS Health
CVS
+$45.3M
2
AGNC icon
AGNC Investment
AGNC
+$33.4M
3
XYZ
Block Inc
XYZ
+$32.9M
4
SYK icon
Stryker
SYK
+$30.9M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$24.7M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$69.5M
2
HD icon
Home Depot
HD
+$42.6M
3
HON icon
Honeywell
HON
+$37.5M
4
NVDA icon
NVIDIA
NVDA
+$31.5M
5
TJX icon
TJX Companies
TJX
+$25.1M

Sector Composition

Rank Sector Weight
1 Financials 20.56%
2 Healthcare 13.97%
3 Technology 13.7%
4 Communication Services 10.64%
5 Industrials 8.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MON
51
DELISTED
Monsanto Co
MON
$56.4M 0.43%
476,263
+95,200
+25% +$11.1M
XLF icon
52
State Street Financial Select Sector SPDR ETF
XLF
$58.2B
$55.9M 0.42%
2,267,600
– –
ARI
53
Apollo Commercial Real Estate
ARI
$889M
$55.3M 0.42%
2,980,768
– –
PEP icon
54
PepsiCo
PEP
$188B
$54.2M 0.41%
469,429
+600
+0.1% +$68.8K
BKNG icon
55
Booking.com
BKNG
$151B
$53.9M 0.41%
720,625
-50,000
-6% -$3.67M
TWX
56
DELISTED
Time Warner Inc
TWX
$53.7M 0.41%
534,527
+600
+0.1% +$59.4K
MA icon
57
Mastercard
MA
$498B
$52.8M 0.4%
434,628
-1,200
-0.3% -$142K
CSCO icon
58
Cisco
CSCO
$472B
$51.4M 0.39%
1,643,291
-1,600
-0.1% -$52.1K
CL icon
59
Colgate-Palmolive
CL
$71.5B
$50.6M 0.38%
682,684
+300
+0% +$22.3K
QCOM icon
60
Qualcomm
QCOM
$164B
$49M 0.37%
886,471
+400
+0% +$22.3K
MO icon
61
Altria Group
MO
$114B
$48.1M 0.36%
645,702
-2,200
-0.3% -$161K
GD icon
62
General Dynamics
GD
$103B
$47.6M 0.36%
240,427
-200
-0.1% -$39.2K
LMT icon
63
Lockheed Martin
LMT
$134B
$45.5M 0.34%
163,918
-200
-0.1% -$54.9K
ALXN
64
DELISTED
Alexion Pharmaceuticals
ALXN
$45.5M 0.34%
373,778
+100,000
+37% +$11.6M
SYK icon
65
Stryker
SYK
$129B
$45.4M 0.34%
326,996
+225,300
+222% +$30.9M
BMY icon
66
Bristol-Myers Squibb
BMY
$131B
$45M 0.34%
808,117
-8,000
-1% -$435K
ILMN icon
67
Illumina
ILMN
$29.8B
$44.6M 0.34%
264,155
-103
-0% -$17.8K
IBM icon
68
IBM
IBM
$215B
$44.5M 0.34%
302,280
-942
-0.3% -$142K
DHR icon
69
Danaher
DHR
$138B
$44.2M 0.33%
591,035
+451
+0.1% +$33.8K
ABT icon
70
Abbott
ABT
$182B
$42.4M 0.32%
873,043
+20,800
+2% +$942K
AMGN icon
71
Amgen
AMGN
$203B
$41.7M 0.31%
241,894
– –
MCD icon
72
McDonald's
MCD
$190B
$41M 0.31%
267,857
-1,200
-0.4% -$173K
MMM icon
73
3M
MMM
$91.2B
$40.9M 0.31%
234,866
+598
+0.3% +$100K
ACN icon
74
Accenture
ACN
$100B
$40.5M 0.31%
327,686
-700
-0.2% -$85.3K
MDT icon
75
Medtronic
MDT
$109B
$39.9M 0.3%
449,838
+200
+0% +$16.9K
1 2
3
4 5

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
SAM
SEB Asset Management Stockholm $23.4B AUM

State of Michigan Retirement System's Q2 2017 Portfolio in Review

As of Q2 2017, State of Michigan Retirement System held 966 positions worth $13.2B, up 2.3% from $12.9B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q2 2017: portfolio turnover was 4%. State of Michigan Retirement System opened 21 new positions and exited 18, leaving the 966-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Healthcare and Technology.

  • State of Michigan Retirement System's largest Q2 2017 buy was AGNC Investment: 1,609,500 shares worth $34.3M.
  • State of Michigan Retirement System added most to CVS Health in Q2 2017, an estimated $45.3M increase.
  • State of Michigan Retirement System's biggest Q2 2017 reduction was Apple, cutting an estimated $69.5M.
  • State of Michigan Retirement System fully exited Yahoo Inc in Q2 2017, selling an estimated $13.4M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $13.2B portfolio in Q2 2017.
  • State of Michigan Retirement System opened 21 new positions and closed 18 in Q2 2017.
  • State of Michigan Retirement System's portfolio value rose 2.3% quarter-over-quarter to $13.2B.

Based on State of Michigan Retirement System's 13F filing for Q2 2017, filed 19 Jul 2017.