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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
EPR icon
751
EPR Properties
EPR
$4.77B
$1.31M 0.01%
23,600
+600
+3% +$34.8K
TRIP icon
752
TripAdvisor
TRIP
$1.26B
$1.31M 0.01%
31,954
+200
+0.6% +$7.82K
EVR icon
753
Evercore
EVR
$11.8B
$1.3M 0.01%
+14,900
New +$1.4M
ENR icon
754
Energizer
ENR
$1.55B
$1.3M 0.01%
21,744
-100
-0.5% -$5.39K
DLX icon
755
Deluxe
DLX
$1.15B
$1.29M 0.01%
17,462
+200
+1% +$14.8K
OI icon
756
O-I Glass
OI
$1.08B
$1.29M 0.01%
59,400
+800
+1% +$17.7K
FR icon
757
First Industrial Realty Trust
FR
$8.44B
$1.28M 0.01%
43,800
+700
+2% +$20.7K
BOH icon
758
Bank of Hawaii
BOH
$3.13B
$1.28M 0.01%
15,390
+100
+0.7% +$8.46K
NJR icon
759
New Jersey Resources
NJR
$5.58B
$1.28M 0.01%
31,900
+700
+2% +$27.3K
SNX icon
760
TD Synnex
SNX
$20.2B
$1.27M 0.01%
21,400
+400
+2% +$24.9K
TCO
761
DELISTED
Taubman Centers Inc.
TCO
$1.26M 0.01%
22,200
+400
+2% +$24K
HR
762
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.26M 0.01%
45,500
+600
+1% +$17.1K
OGS icon
763
ONE Gas
OGS
$5.04B
$1.26M 0.01%
19,057
+300
+2% +$20.2K
AVNT icon
764
Avient
AVNT
$4.19B
$1.25M 0.01%
29,500
+500
+2% +$21.6K
CBT icon
765
Cabot Corp
CBT
$4.52B
$1.25M 0.01%
22,480
+200
+0.9% +$12.6K
COR
766
DELISTED
Coresite Realty Corporation
COR
$1.25M 0.01%
12,500
+200
+2% +$20.5K
LM
767
DELISTED
Legg Mason, Inc.
LM
$1.25M 0.01%
30,800
+100
+0.3% +$4.13K
SMG icon
768
ScottsMiracle-Gro
SMG
$3.66B
$1.24M 0.01%
14,475
-200
-1% -$19K
MBFI
769
DELISTED
MB Financial Corp
MBFI
$1.24M 0.01%
30,600
+500
+2% +$21.6K
SAIC icon
770
Saic
SAIC
$5.35B
$1.23M 0.01%
15,585
– –
DY icon
771
Dycom Industries
DY
$12.3B
$1.23M 0.01%
11,400
+300
+3% +$34.1K
AEO icon
772
American Eagle Outfitters
AEO
$3.01B
$1.22M 0.01%
61,375
+900
+1% +$16.9K
WRI
773
DELISTED
Weingarten Realty Investors
WRI
$1.22M 0.01%
43,500
+600
+1% +$17.2K
CAR icon
774
Avis
CAR
$5.02B
$1.22M 0.01%
26,000
+200
+0.8% +$9.01K
HAIN icon
775
Hain Celestial
HAIN
$53.7M
$1.22M 0.01%
37,900
+600
+2% +$21.8K
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 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.