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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
CBRL icon
726
Cracker Barrel
CBRL
$1.29B
$1.39M 0.01%
8,700
+100
+1% +$16.6K
TXRH icon
727
Texas Roadhouse
TXRH
$13.7B
$1.38M 0.01%
23,900
+400
+2% +$23K
EFOI icon
728
Energy Focus
EFOI
$20.3M
$1.38M 0.01%
15,580
– –
EVHC
729
DELISTED
Envision Healthcare Holdings Inc
EVHC
$1.37M 0.01%
35,600
+100
+0.3% +$3.74K
PBF icon
730
PBF Energy
PBF
$7.31B
$1.37M 0.01%
40,300
+700
+2% +$22.6K
MOH icon
731
Molina Healthcare
MOH
$10.3B
$1.36M 0.01%
16,800
+1,000
+6% +$80.4K
DAN icon
732
Dana Inc
DAN
$3.06B
$1.36M 0.01%
52,900
+800
+2% +$23.7K
HE icon
733
Hawaiian Electric Industries
HE
$2.14B
$1.36M 0.01%
39,640
+500
+1% +$16.9K
CIEN icon
734
Ciena
CIEN
$58.4B
$1.36M 0.01%
52,600
+1,300
+3% +$30.6K
VYX icon
735
NCR Voyix
VYX
$1.14B
$1.36M 0.01%
70,318
-978
-1% -$20.6K
MDSO
736
DELISTED
Medidata Solutions, Inc.
MDSO
$1.36M 0.01%
21,600
+600
+3% +$39.9K
DHC
737
Diversified Healthcare Trust
DHC
$2.14B
$1.36M 0.01%
86,600
+1,200
+1% +$20K
UBSI icon
738
United Bankshares
UBSI
$6.62B
$1.35M 0.01%
38,300
+600
+2% +$21.7K
CLGX
739
DELISTED
Corelogic, Inc.
CLGX
$1.34M 0.01%
29,700
+100
+0.3% +$4.6K
ALE
740
DELISTED
Allete
ALE
$1.34M 0.01%
+18,500
New +$1.31M
NUS icon
741
Nu Skin
NUS
$267M
$1.33M 0.01%
18,100
+300
+2% +$21.3K
MAT icon
742
Mattel
MAT
$4.23B
$1.33M 0.01%
101,261
+500
+0.5% +$7.79K
CUZ icon
743
Cousins Properties
CUZ
$4.88B
$1.33M 0.01%
38,275
+525
+1% +$18.3K
NEU icon
744
NewMarket
NEU
$8.18B
$1.33M 0.01%
3,300
– –
CNO icon
745
CNO Financial Group
CNO
$5.1B
$1.32M 0.01%
60,800
+500
+0.8% +$11.8K
GMED icon
746
Globus Medical
GMED
$11.2B
$1.31M 0.01%
26,400
+300
+1% +$14.1K
HOMB icon
747
Home BancShares
HOMB
$6.18B
$1.31M 0.01%
57,600
+800
+1% +$19.2K
VSAT icon
748
Viasat
VSAT
$11.1B
$1.31M 0.01%
20,000
+500
+3% +$36.5K
BCO icon
749
Brink's
BCO
$4.62B
$1.31M 0.01%
18,400
+300
+2% +$23.1K
KLXI
750
DELISTED
KLX Inc.
KLXI
$1.31M 0.01%
21,822
-119
-0.5% -$6.96K
28 29
30
31 32

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.