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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
DKS icon
751
Dick's Sporting Goods
DKS
$17.9B
$1.44M 0.01%
36,200
+500
+1% +$22.6K
SNX icon
752
TD Synnex
SNX
$20.8B
$1.44M 0.01%
24,000
+400
+2% +$22.4K
LPX icon
753
Louisiana-Pacific
LPX
$5.24B
$1.44M 0.01%
59,699
+1,100
+2% +$26.8K
CDP icon
754
COPT Defense Properties
CDP
$4.24B
$1.44M 0.01%
41,000
+900
+2% +$30.6K
EFOI icon
755
Energy Focus
EFOI
$19.6M
$1.43M 0.01%
15,580
– –
RRC icon
756
Range Resources
RRC
$9.05B
$1.43M 0.01%
61,807
– –
SWX icon
757
Southwest Gas
SWX
$6.7B
$1.43M 0.01%
19,600
+300
+2% +$24K
PRI icon
758
Primerica
PRI
$10B
$1.42M 0.01%
18,800
+200
+1% +$15.7K
LSI
759
DELISTED
Life Storage, Inc.
LSI
$1.42M 0.01%
28,800
+450
+2% +$23.4K
SIG icon
760
Signet Jewelers
SIG
$3.69B
$1.42M 0.01%
22,444
-400
-2% -$24.5K
TCF
761
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.42M 0.01%
29,300
+400
+1% +$19.1K
IDTI
762
DELISTED
Integrated Device Technology I
IDTI
$1.41M 0.01%
54,820
+600
+1% +$14.6K
NJR icon
763
New Jersey Resources
NJR
$5.55B
$1.41M 0.01%
35,600
+500
+1% +$20.5K
LHO
764
DELISTED
LaSalle Hotel Properties
LHO
$1.39M 0.01%
46,700
+800
+2% +$23.5K
VMI icon
765
Valmont Industries
VMI
$9.49B
$1.39M 0.01%
9,300
+100
+1% +$15K
TRIP icon
766
TripAdvisor
TRIP
$1.22B
$1.39M 0.01%
36,254
-800
-2% -$33.1K
DLX icon
767
Deluxe
DLX
$1.21B
$1.38M 0.01%
19,962
+300
+2% +$20.9K
FR icon
768
First Industrial Realty Trust
FR
$8.43B
$1.38M 0.01%
48,300
+700
+1% +$20K
CBT icon
769
Cabot Corp
CBT
$4.48B
$1.38M 0.01%
25,780
+500
+2% +$27.4K
PTEN icon
770
Patterson-UTI
PTEN
$3.84B
$1.38M 0.01%
68,200
+600
+0.9% +$13.1K
MANH icon
771
Manhattan Associates
MANH
$11.1B
$1.38M 0.01%
28,600
– –
FULT icon
772
Fulton Financial
FULT
$4.68B
$1.37M 0.01%
72,100
+1,400
+2% +$25.5K
MUR icon
773
Murphy Oil
MUR
$4.77B
$1.36M 0.01%
52,969
– –
TXRH icon
774
Texas Roadhouse
TXRH
$13.8B
$1.35M 0.01%
26,600
+400
+2% +$19.3K
UMBF icon
775
UMB Financial
UMBF
$11B
$1.35M 0.01%
18,100
+300
+2% +$22K
29 30
31
32 33

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 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.