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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
CHK
801
DELISTED
Chesapeake Energy Corporation
CHK
$1.24M 0.01%
1,251
– –
KMT icon
802
Kennametal
KMT
$2.59B
$1.24M 0.01%
33,160
+600
+2% +$23.5K
AHL
803
DELISTED
ASPEN Insurance Holding Limited
AHL
$1.23M 0.01%
24,700
+400
+2% +$20.3K
LNCE
804
DELISTED
Snyders-Lance, Inc.
LNCE
$1.23M 0.01%
35,500
+700
+2% +$25.5K
WEN icon
805
Wendy's
WEN
$1.46B
$1.22M 0.01%
78,943
+700
+0.9% +$10.6K
WAFD icon
806
WaFd
WAFD
$2.78B
$1.22M 0.01%
36,823
+600
+2% +$19.9K
ENR icon
807
Energizer
ENR
$1.49B
$1.22M 0.01%
25,444
+300
+1% +$16.3K
NWE icon
808
NorthWestern Energy
NWE
$4.33B
$1.22M 0.01%
20,000
+400
+2% +$24.4K
MOH icon
809
Molina Healthcare
MOH
$10B
$1.22M 0.01%
17,600
+300
+2% +$18.4K
UA icon
810
Under Armour Class C
UA
$2.77B
$1.22M 0.01%
60,399
– –
AMCX icon
811
AMC Global Media
AMCX
$504M
$1.22M 0.01%
22,750
-100
-0.4% -$5.59K
SFM icon
812
Sprouts Farmers Market
SFM
$8.03B
$1.21M 0.01%
53,300
+1,200
+2% +$27.8K
AKRX
813
DELISTED
Akorn Inc
AKRX
$1.2M 0.01%
35,900
+500
+1% +$16.3K
ODP
814
DELISTED
ODP
ODP
$1.2M 0.01%
21,300
+380
+2% +$19.5K
CLH icon
815
Clean Harbors
CLH
$16.4B
$1.2M 0.01%
21,500
+300
+1% +$17.3K
SLAB icon
816
Silicon Laboratories
SLAB
$7.23B
$1.2M 0.01%
17,500
+500
+3% +$36.1K
JACK icon
817
Jack in the Box
JACK
$335M
$1.19M 0.01%
12,100
-800
-6% -$82.6K
CATY icon
818
Cathay General Bancorp
CATY
$4.26B
$1.17M 0.01%
30,900
+500
+2% +$18.8K
EDR
819
DELISTED
Education Realty Trust Inc
EDR
$1.17M 0.01%
30,200
+500
+2% +$19.6K
ESL
820
DELISTED
Esterline Technologies
ESL
$1.17M 0.01%
12,300
+200
+2% +$18.6K
PBI icon
821
Pitney Bowes
PBI
$2.47B
$1.16M 0.01%
76,900
+1,200
+2% +$17.5K
PBH icon
822
Prestige Consumer Healthcare
PBH
$2.54B
$1.15M 0.01%
21,800
+300
+1% +$16.1K
SBH icon
823
Sally Beauty Holdings
SBH
$1.51B
$1.15M 0.01%
56,700
-1,600
-3% -$30.8K
DY icon
824
Dycom Industries
DY
$12.2B
$1.15M 0.01%
12,800
– –
GHC icon
825
Graham Holdings Company
GHC
$5.13B
$1.14M 0.01%
1,900
– –
31 32
33
34 35

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.