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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
ACN icon
51
Accenture
ACN
$108B
$60M 0.48%
390,986
+400
+0.1% +$63.4K
RTX icon
52
RTX Corp
RTX
$301B
$58.7M 0.47%
741,591
+2,066
+0.3% +$171K
SYK icon
53
Stryker
SYK
$130B
$58.7M 0.47%
364,896
+600
+0.2% +$96.7K
MO icon
54
Altria Group
MO
$114B
$56.9M 0.46%
912,602
+100
+0% +$6.62K
NOC icon
55
Northrop Grumman
NOC
$81.2B
$52.1M 0.42%
149,317
+200
+0.1% +$67K
C icon
56
Citigroup
C
$226B
$51.1M 0.41%
756,656
-18,400
-2% -$1.38M
GD icon
57
General Dynamics
GD
$106B
$50.5M 0.41%
228,527
-100
-0% -$21.8K
KO icon
58
Coca-Cola
KO
$375B
$49.1M 0.4%
1,130,338
+6,300
+0.6% +$283K
MA icon
59
Mastercard
MA
$493B
$47.6M 0.38%
271,828
-400
-0.1% -$68.4K
BMY icon
60
Bristol-Myers Squibb
BMY
$132B
$47.3M 0.38%
747,317
+800
+0.1% +$51.5K
TXN icon
61
Texas Instruments
TXN
$261B
$46.8M 0.38%
450,918
+700
+0.2% +$75.8K
VLO icon
62
Valero Energy
VLO
$85.9B
$45.9M 0.37%
494,776
-700
-0.1% -$65.3K
PEP icon
63
PepsiCo
PEP
$190B
$45.7M 0.37%
418,729
+1,800
+0.4% +$205K
MRK icon
64
Merck
MRK
$318B
$45.4M 0.37%
872,826
-8,384
-1% -$453K
ABT icon
65
Abbott
ABT
$187B
$45M 0.36%
751,543
-21,400
-3% -$1.29M
RCL icon
66
Royal Caribbean
RCL
$85.6B
$44.8M 0.36%
380,372
+200,200
+111% +$25.3M
APTV icon
67
Aptiv
APTV
$10.3B
$44.6M 0.36%
524,822
+250,300
+91% +$22.7M
DD icon
68
DuPont de Nemours
DD
$19.2B
$43.9M 0.35%
272,047
+1,185
+0.4% +$214K
ABMD
69
DELISTED
Abiomed Inc
ABMD
$42.3M 0.34%
145,300
+200
+0.1% +$50.7K
NVDA icon
70
NVIDIA
NVDA
$5.42T
$41.2M 0.33%
7,123,680
+20,000
+0.3% +$117K
ALXN
71
DELISTED
Alexion Pharmaceuticals
ALXN
$40.7M 0.33%
365,278
-200
-0.1% -$23.9K
ORCL icon
72
Oracle
ORCL
$423B
$40.7M 0.33%
889,660
-3,400
-0.4% -$169K
TWX
73
DELISTED
Time Warner Inc
TWX
$39.4M 0.32%
416,427
+1,400
+0.3% +$132K
MTGE
74
DELISTED
MTGE Investment Corp. Common Stock
MTGE
$39.4M 0.32%
+2,200,000
New +$38.9M
LYB icon
75
LyondellBasell Industries
LYB
$19.2B
$39.2M 0.32%
370,804
+400
+0.1% +$44.7K
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
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.