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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
ATI icon
801
ATI
ATI
$31B
$1.08M 0.01%
45,800
+600
+1% +$16.1K
URBN icon
802
Urban Outfitters
URBN
$6.59B
$1.08M 0.01%
29,200
+400
+1% +$14K
TECD
803
DELISTED
Tech Data Corp
TECD
$1.08M 0.01%
12,650
+200
+2% +$19.5K
ENS icon
804
EnerSys
ENS
$6.99B
$1.06M 0.01%
15,300
+200
+1% +$14.2K
MTDR icon
805
Matador Resources
MTDR
$6.09B
$1.06M 0.01%
35,400
+700
+2% +$21.2K
BKH icon
806
Black Hills Corp
BKH
$5.69B
$1.06M 0.01%
19,490
+300
+2% +$16.1K
SFM icon
807
Sprouts Farmers Market
SFM
$8.01B
$1.06M 0.01%
45,100
+600
+1% +$15.4K
BDC icon
808
Belden
BDC
$5.19B
$1.05M 0.01%
15,300
+100
+0.7% +$7.68K
DKS icon
809
Dick's Sporting Goods
DKS
$18.7B
$1.05M 0.01%
30,100
+400
+1% +$13K
AAN.A
810
DELISTED
The Aaron's Company Inc Class A
AAN.A
$1.05M 0.01%
22,500
+100
+0.4% +$4.66K
TEX icon
811
Terex
TEX
$7.74B
$1.05M 0.01%
28,000
-700
-2% -$30.4K
CVSA
812
Covista Inc
CVSA
$4.8B
$1.05M 0.01%
22,000
+200
+0.9% +$9.35K
DECK icon
813
Deckers Outdoor
DECK
$13.3B
$1.04M 0.01%
69,600
+600
+0.9% +$9.01K
MANH icon
814
Manhattan Associates
MANH
$11.4B
$1.04M 0.01%
24,800
– –
MSA icon
815
Mine Safety
MSA
$7.49B
$1.03M 0.01%
12,400
+200
+2% +$16K
WLY icon
816
John Wiley & Sons Class A
WLY
$2.66B
$1.03M 0.01%
16,200
+200
+1% +$13K
GHC icon
817
Graham Holdings Company
GHC
$5.02B
$1.02M 0.01%
1,700
– –
AN icon
818
AutoNation
AN
$6.92B
$1.02M 0.01%
21,800
+500
+2% +$26.7K
KMPR icon
819
Kemper
KMPR
$1.68B
$1.02M 0.01%
17,850
+300
+2% +$18.4K
NAVI icon
820
Navient
NAVI
$853M
$1.02M 0.01%
77,433
+300
+0.4% +$4.08K
CHDN icon
821
Churchill Downs
CHDN
$6.12B
$1M 0.01%
24,684
-3,516
-12% -$150K
ACIW icon
822
ACI Worldwide
ACIW
$5.42B
$1M 0.01%
42,250
-400
-0.9% -$9.46K
CHK
823
DELISTED
Chesapeake Energy Corporation
CHK
$1M 0.01%
1,657
+325
+24% +$218K
WBD icon
824
Warner Bros
WBD
$67.1B
$983K 0.01%
45,849
+700
+2% +$16.6K
UNIT
825
Uniti Group
UNIT
$2.32B
$977K 0.01%
60,140
+900
+2% +$14.5K
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 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.