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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
VMI icon
776
Valmont Industries
VMI
$9.53B
$1.21M 0.01%
8,300
+200
+2% +$31.3K
VLY icon
777
Valley National Bancorp
VLY
$8.04B
$1.2M 0.01%
96,414
+1,500
+2% +$18.7K
LHO
778
DELISTED
LaSalle Hotel Properties
LHO
$1.2M 0.01%
41,300
+600
+1% +$16.5K
ILG
779
DELISTED
ILG, Inc Common Stock
ILG
$1.2M 0.01%
38,500
+600
+2% +$18.8K
KMT icon
780
Kennametal
KMT
$2.52B
$1.2M 0.01%
29,760
+600
+2% +$27.4K
SWX icon
781
Southwest Gas
SWX
$6.67B
$1.19M 0.01%
17,600
+400
+2% +$28.4K
RRX icon
782
Regal Rexnord
RRX
$11.9B
$1.19M 0.01%
16,200
+300
+2% +$22.6K
HCSG icon
783
Healthcare Services Group
HCSG
$1.53B
$1.17M 0.01%
+26,900
New +$1.32M
ACHC icon
784
Acadia Healthcare
ACHC
$2.94B
$1.17M 0.01%
29,800
+400
+1% +$14.7K
CABO icon
785
Cable One
CABO
$212M
$1.17M 0.01%
1,700
– –
UMBF icon
786
UMB Financial
UMBF
$11.1B
$1.17M 0.01%
16,100
+300
+2% +$22.5K
FHI icon
787
Federated Hermes
FHI
$4.72B
$1.16M 0.01%
34,600
+500
+1% +$17K
WEN icon
788
Wendy's
WEN
$1.46B
$1.15M 0.01%
65,443
+200
+0.3% +$3.32K
JBGS
789
JBG SMITH
JBGS
$708M
$1.15M 0.01%
34,025
+500
+1% +$16.6K
SBRA icon
790
Sabra Healthcare REIT
SBRA
$5.37B
$1.15M 0.01%
65,000
+900
+1% +$15.9K
PCH
791
DELISTED
PotlatchDeltic
PCH
$1.14M 0.01%
21,941
+7,300
+50% +$380K
TKR icon
792
Timken Company
TKR
$9.03B
$1.14M 0.01%
25,000
+400
+2% +$19.3K
FULT icon
793
Fulton Financial
FULT
$4.64B
$1.13M 0.01%
63,900
+1,000
+2% +$18.4K
CNX icon
794
CNX Resources
CNX
$5.2B
$1.13M 0.01%
73,400
-1,000
-1% -$14.9K
NYT icon
795
New York Times
NYT
$10.2B
$1.12M 0.01%
46,600
+1,400
+3% +$32.2K
SXT icon
796
Sensient Technologies
SXT
$5.53B
$1.11M 0.01%
15,770
+100
+0.6% +$7.2K
CATY icon
797
Cathay General Bancorp
CATY
$4.24B
$1.11M 0.01%
27,800
+500
+2% +$21.4K
TXNM
798
TXNM Energy Inc
TXNM
$5.94B
$1.11M 0.01%
29,034
+400
+1% +$14.7K
WAFD icon
799
WaFd
WAFD
$2.75B
$1.09M 0.01%
31,523
+200
+0.6% +$7.1K
BBBY
800
DELISTED
Bed Bath & Beyond Inc
BBBY
$1.09M 0.01%
51,900
+400
+0.8% +$8.84K
30 31
32
33 34

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.