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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
AGCO icon
726
AGCO
AGCO
$7.2B
$1.48M 0.01%
24,300
+200
+0.8% +$12.8K
PTEN icon
727
Patterson-UTI
PTEN
$3.76B
$1.47M 0.01%
81,700
+700
+0.9% +$14K
HWC icon
728
Hancock Whitney
HWC
$6.24B
$1.47M 0.01%
31,400
+300
+1% +$15.2K
TCF
729
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.46M 0.01%
26,300
+300
+1% +$16.9K
ALE
730
DELISTED
Allete
ALE
$1.46M 0.01%
18,900
+400
+2% +$30K
LPX icon
731
Louisiana-Pacific
LPX
$5.49B
$1.46M 0.01%
53,499
+700
+1% +$20.2K
CASY icon
732
Casey's General Stores
CASY
$30.9B
$1.45M 0.01%
13,800
+100
+0.7% +$10.1K
MBFI
733
DELISTED
MB Financial Corp
MBFI
$1.45M 0.01%
31,000
+400
+1% +$18.3K
OGS icon
734
ONE Gas
OGS
$5.04B
$1.45M 0.01%
19,357
+300
+2% +$21.3K
NJR icon
735
New Jersey Resources
NJR
$5.58B
$1.45M 0.01%
32,300
+400
+1% +$16.9K
COHR
736
DELISTED
Coherent Inc
COHR
$1.44M 0.01%
9,200
+200
+2% +$33.9K
AEO icon
737
American Eagle Outfitters
AEO
$3.01B
$1.44M 0.01%
61,775
+400
+0.7% +$8.87K
MSM icon
738
MSC Industrial Direct
MSM
$6.86B
$1.43M 0.01%
16,900
+500
+3% +$45.3K
SBRA icon
739
Sabra Healthcare REIT
SBRA
$5.37B
$1.43M 0.01%
65,700
+700
+1% +$13.7K
FLO icon
740
Flowers Foods
FLO
$1.57B
$1.42M 0.01%
68,350
+800
+1% +$17.1K
BHF icon
741
Brighthouse Financial
BHF
$3.5B
$1.42M 0.01%
35,380
+7,200
+26% +$346K
BMS
742
DELISTED
Bemis
BMS
$1.41M 0.01%
33,500
+300
+0.9% +$12.9K
HRB icon
743
H&R Block
HRB
$5.86B
$1.41M 0.01%
61,898
+400
+0.7% +$10.6K
UBSI icon
744
United Bankshares
UBSI
$6.62B
$1.41M 0.01%
38,700
+400
+1% +$14.3K
R icon
745
Ryder
R
$10.1B
$1.41M 0.01%
19,600
+300
+2% +$21K
CBT icon
746
Cabot Corp
CBT
$4.52B
$1.41M 0.01%
22,780
+300
+1% +$17.8K
COR
747
DELISTED
Coresite Realty Corporation
COR
$1.41M 0.01%
12,700
+200
+2% +$21.1K
CIEN icon
748
Ciena
CIEN
$58.4B
$1.4M 0.01%
52,800
+200
+0.4% +$5.08K
RRC icon
749
Range Resources
RRC
$8.95B
$1.4M 0.01%
83,500
+16,893
+25% +$256K
LHO
750
DELISTED
LaSalle Hotel Properties
LHO
$1.39M 0.01%
40,700
-600
-1% -$19.4K
28 29
30
31 32

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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.