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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
+3.9%
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
$12.7B
AUM Growth
+$242M
Cap. Flow
-$121M
Cap. Flow %
-0.96%
Top 10 Hldgs %
23.86%
Holding
959
New
19
Increased
657
Reduced
198
Closed
23

Top Buys

Rank Stock Value
1
AGNC icon
AGNC Investment
AGNC
+$83.8M
2
EXC icon
Exelon
EXC
+$70.1M
3
ORCL icon
Oracle
ORCL
+$29.3M
4
AVY icon
Avery Dennison
AVY
+$28.1M
5
NLSN
Nielsen Holdings plc
NLSN
+$27.4M

Top Sells

Rank Stock Value
1
AFL icon
Aflac
AFL
+$146M
2
MON
Monsanto Co
MON
+$61.8M
3
XYZ
Block Inc
XYZ
+$58.9M
4
VLO icon
Valero Energy
VLO
+$41.2M
5
TWX
Time Warner Inc
TWX
+$39.4M

Sector Composition

Rank Sector Weight
1 Financials 16.69%
2 Technology 15.7%
3 Healthcare 15.25%
4 Consumer Discretionary 9.01%
5 Communication Services 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MA icon
51
Mastercard
MA
$493B
$54.8M 0.43%
278,978
+7,150
+3% +$1.34M
AMGN icon
52
Amgen
AMGN
$221B
$53.8M 0.43%
291,594
+94,800
+48% +$16.8M
XLF icon
53
State Street Financial Select Sector SPDR ETF
XLF
$58.3B
$52.9M 0.42%
1,990,600
-277,000
-12% -$7.64M
MRK icon
54
Merck
MRK
$317B
$50.7M 0.4%
875,760
+2,934
+0.3% +$166K
C icon
55
Citigroup
C
$226B
$50.5M 0.4%
754,956
-1,700
-0.2% -$117K
NFLX icon
56
Netflix
NFLX
$309B
$50.4M 0.4%
1,287,340
+10,000
+0.8% +$341K
KO icon
57
Coca-Cola
KO
$374B
$49.7M 0.39%
1,133,838
+3,500
+0.3% +$151K
ILMN icon
58
Illumina
ILMN
$28.5B
$48.5M 0.38%
178,420
+39,373
+28% +$10M
TJX icon
59
TJX Companies
TJX
$179B
$47.2M 0.37%
991,180
+618,800
+166% +$27.2M
PEP icon
60
PepsiCo
PEP
$190B
$45.7M 0.36%
419,829
+1,100
+0.3% +$114K
ALXN
61
DELISTED
Alexion Pharmaceuticals
ALXN
$45.4M 0.36%
365,878
+600
+0.2% +$70.1K
DD icon
62
DuPont de Nemours
DD
$19.4B
$45.3M 0.36%
271,336
-711
-0.3% -$119K
RCL icon
63
Royal Caribbean
RCL
$86B
$45.2M 0.36%
436,172
+55,800
+15% +$6.13M
CMCSA icon
64
Comcast
CMCSA
$90.3B
$44.6M 0.35%
1,359,622
-423,800
-24% -$13.8M
MTGE
65
DELISTED
MTGE Investment Corp. Common Stock
MTGE
$43.1M 0.34%
2,200,000
– –
BABA icon
66
Alibaba
BABA
$307B
$42.7M 0.34%
230,000
+52,000
+29% +$9.91M
NVDA icon
67
NVIDIA
NVDA
$5.39T
$42.6M 0.34%
7,187,680
+64,000
+0.9% +$389K
BMY icon
68
Bristol-Myers Squibb
BMY
$131B
$41.5M 0.33%
750,617
+3,300
+0.4% +$178K
LMT icon
69
Lockheed Martin
LMT
$136B
$40.7M 0.32%
137,918
+56,200
+69% +$18.1M
WBA
70
DELISTED
Walgreens Boots Alliance
WBA
$39.7M 0.31%
661,161
+410,300
+164% +$26.4M
APTV icon
71
Aptiv
APTV
$10.2B
$39.3M 0.31%
428,422
-96,400
-18% -$8.99M
TWTR
72
DELISTED
Twitter, Inc.
TWTR
$39M 0.31%
893,900
+93,900
+12% +$3.3M
GPMT
73
Granite Point Mortgage Trust
GPMT
$61.2M
$38.7M 0.31%
2,108,739
– –
LYB icon
74
LyondellBasell Industries
LYB
$19.5B
$37.6M 0.3%
342,704
-28,100
-8% -$3.09M
WMT icon
75
Walmart Inc
WMT
$886B
$36.7M 0.29%
1,285,002
+3,000
+0.2% +$85.3K
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 Q2 2018 Portfolio in Review

As of Q2 2018, State of Michigan Retirement System held 959 positions worth $12.7B, up 1.9% from $12.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Trading was light in Q2 2018: portfolio turnover was 4.4%. State of Michigan Retirement System opened 19 new positions and exited 23, leaving the 959-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q2 2018 buy was Rithm Capital: 670,000 shares worth $11.7M.
  • State of Michigan Retirement System added most to AGNC Investment in Q2 2018, an estimated $83.8M increase.
  • State of Michigan Retirement System's biggest Q2 2018 reduction was Aflac, cutting an estimated $146M.
  • State of Michigan Retirement System fully exited Monsanto Co in Q2 2018, selling an estimated $61.8M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $12.7B portfolio in Q2 2018.
  • State of Michigan Retirement System opened 19 new positions and closed 23 in Q2 2018.
  • State of Michigan Retirement System's portfolio value rose 1.9% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q2 2018, filed 8 Aug 2018.